‘A true icon of the hair industry’: Celebrity hairstylist John Frieda dies aged 75

Democrats’ capture of Congress raise expectations of tougher regulation of AI sector; US stock futures fall but later pare losses Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The dollar has hit a one-month low, US stock futures are down and gold rose after the Democrats won control of Congress, increasing expectations of tougher regulation of the AI sector. There’s been a rally for US Treasuries as well, given that divided government

North Korea is said to be behind the theft from the crypto exchange Binance. How did they pull it off and what will they do with the money? Kalyeena Makortoff and Jean H Lee report It was 8pm last Thursday when the panic alarms went off across the crypto world. Binance, the world’s biggest crypto exchange, had been hacked. The cryptocurrency revolution promised to take power from the fusty old central banks and put it in the hands of the people. But the hack exposed just how vulnerable crypto ca

Budget retailer and 12,000 jobs at risk after US owner fails to accept buyout offers MPs have called on the government to protect Poundland and other high street stores from “predatory capitalism” and asset-stripping. The fate of the retail chain and its 12,000 staff remains uncertain after it filed a notice of intention to appoint administrators at the high court last Thursday. The US restructuring specialist Gordon Brothers, which controls Poundland, has lined up the advisory company AlixPartn

Cybersecurity experts say incidents had minimal effect but may represent the ‘foothills’ of a wider threat Meat processing firms in the UK have been hit by cyber-attacks after hackers raised the temperatures of supermarket freezers across Europe. The UK’s National Cyber Security Centre (NCSC) said it was working with the affected companies but that the national impact was minimal. Continue reading...