<p>Rise in GDP follows a 0.1% decline in April, figures from the Office for National Statistics show</p><p>The UK economy grew by 0.1% in May, despite the impact of the Iran war on energy costs, official figures show.</p><p>The Office for National Statistics said GDP rose, <a href="https://www.theguardian.com/business/2026/jun/12/uk-economy-gdp-shrank-april-iran-war-held-back-growth#:~:text=UK%20economy%20shrank%20by%200.1,growth%20(GDP)%20%7C%20The%20Guardian">following a 0.1% decline in April<

Microsoft and other tech giants are implementing frequent workforce reductions. These companies are simultaneously increasing investments in artificial intelligence technology. Many firms are reorganizing operations to adapt to the evolving technological landscape. This trend reflects a broader industry shift towards continuous workforce adjustments. Employees face uncertainty as businesses navigate AI integration and productivity demands.

Microsoft is instructing its sales teams to highlight its comprehensive AI platform. The company argues rival products from OpenAI and Anthropic are more limited. Microsoft executives claim their offerings provide lower costs and stronger security. They also state their platform helps businesses build and deploy AI applications. Microsoft CEO Satya Nadella noted AI cost management will be a key customer concern.

<p>Tim Steiner speaks as shares in the online grocer slide nearly 15% on plunge in pre-tax profits to £17m</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/jul/16/uk-government-british-steel-public-ownership-gdp-economy-latest-news-updates">Business live – latest updates</a></p></li></ul><p>The co-founder and boss of Ocado has insisted he has “no intention of being a puppet master” exerting control over its staff amid an apparent boardroom row over succession at the g

<p>Uber will offer taxi services and food delivery in 58 markets after deal completes, up from 34</p><ul><li><p><a href="https://viewer.gutools.co.uk/business/live/2026/jul/16/uk-government-british-steel-public-ownership-gdp-economy-latest-news-updates">Business live – latest updates</a></p></li></ul><p>Uber has reached an agreement to take over the German takeaway company Delivery Hero in a $14.8bn (£10.7bn/€12.6bn) deal that would create a global food delivery giant.</p><p>The US tech fir

Brokerage and financial infrastructure startup Alpaca has raised $135 million in equity and $300 million in debt, as it looks to expand a business that helps investors trade across financial markets using artificial intelligence agents.

Residents in northern Taiwan are preparing for Typhoon Bavi as authorities evacuate thousands of people, shut schools and businesses, and brace for torrential rain, flooding and winds of up to 155 km/h.The storm is expected to make landfall in southeast China on Saturday after already causing deadly landslides in the Philippines and widespread damage in Guam and the Northern Mariana Islands.

Microsoft's Xbox division announced significant layoffs and studio transfers for fiscal year 2027. These cuts are part of a major corporate restructuring aimed at improving business health. Misinformation quickly spread online, falsely accusing an Indian-origin executive of targeting American workers. Federal data does not support claims of widespread H-1B visa abuse by the company. The controversy highlights ongoing debates about immigration and the American workforce.

<img alt="Preview" align="left" style="margin-right: 10px;" src="https://mf.b37mrtl.ru/files/2026.07/thumbnail/6a50f2c885f54016182794da.jpg" /> The IEA forecasts a 1 million barrel-a-day decline in global oil demand in 2026 as the Iran war continues to disrupt Middle Eastern exports <br/><a href="https://www.rt.com/business/642848-oil-demand-slump-iea/?utm_source=rss&utm_medium=rss&utm_campaign=RSS">Read Full Article at RT.com</a>

<img alt="Preview" align="left" style="margin-right: 10px;" src="https://mf.b37mrtl.ru/files/2026.07/thumbnail/6a50f0be85f5403d14574863.jpg" /> German manufacturers could be forced to pay millions of euros per year to build a strategic natural gas reserve <br/><a href="https://www.rt.com/business/642849-germany-gas-reserve-levy/?utm_source=rss&utm_medium=rss&utm_campaign=RSS">Read Full Article at RT.com</a>