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Goldman Sachs chief ‘hyper-aware’ of risks from Anthropic’s Mythos AI

US bank has the Claude model and is working closely with the tech firm to improve cyber protection

Oil price tops $100 a barrel as US blockades strait of Hormuz; Goldman Sachs posts rise in profits – as it happened

Rolling coverage of the latest economic and financial news

Meta creating AI version of Mark Zuckerberg so staff can talk to the boss

Digital clone being trained on his thoughts, tone and mannerisms to help workers feel connected

What is the new EU bill and could it give UK ministers Henry VIII-type powers?

Legislation would allow government to implement evolving single market rules without full parliamentary scrutiny

Elon Musk’s X cuts payments to users who post clickbait

Platform says it will reward original creators as it penalises ‘aggregators’ for flooding timelines with ‘stolen posts’

Strait of Hormuz blockade explained: why is Trump threatening to block Iranian ports and how would it work?

Threat has left markets in another period of uncertainty, with questions over how the blockade will be enforced

The US small town coffee shop that created a viral drink: ‘I still don’t understand how it went so far’

The raspberry danish latte is making its way around the world after its inventors decided to share the recipe

Booking.com warns customers of hack that exposed their data

Undisclosed number of names and contact and reservation details accessed in latest cybercrime attempt

Tory ex-chancellor Jeremy Hunt proposes ‘social tariff’ to help less well-off with energy bills

Resolution Foundation backs plan to offset rising costs from Iran war likely to leave households £480 poorer

Rolls-Royce secures nearly £600m in UK government cash to develop small reactors

Engine-maker CEO hails ‘critical milestone’ for company in race to deliver SMR technology built at Wylfa plant on Anglesey

We lost £3,000 after collapse of Ikea’s solar panel installer

Swedish retailer continued to advertise partnership with Soly and failed to offer me any advice

Iran war could plunge 32 million into poverty, says United Nations

‘Development in reverse’ taking place involving rising energy and food costs and weaker economic growth

Bernie Sanders warns ‘worst is yet to come’ in rallying cry against billionaires

US senator appears at Manhattan rally alongside New York City mayor Zohran Mamdani, who cautioned that AI is ‘coming for human jobs’

Interest in EVs surges in Europe as fuel prices jump after Iran war

Demand at online marketplaces could settle at a new, higher normal, with the crisis leaving consumers ‘scarred’

GSK reports promising early results in ovarian and womb cancer drug trial

Mo-Rez reduced or eliminated tumours in over 60% of patients and is expected to be a blockbuster drug

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  • Governments’ borrowing costs hit further multi-decade highs as US-Iran peace hopes fade
  • Cooling UK labour market ‘questions need’ for Bank of England rate hikes; grocery inflation slows to two-year low – business live
  • ‘Picky bits’ on the menu as British shoppers snap up picnic food in heatwave
  • UK pay growth slows as job vacancies hit five-year low
  • Sports Direct owner Mike Ashley tightens hold on Hugo Boss
  • Oil prices jump after US-Iran ceasefire expires and Trump threatens Oman
  • Student bank accounts: don’t be swayed by the freebies, freshers told
  • Half of homes in Great Britain taking longer to sell than last year amid mortgage volatility
  • At least 109 BHP workers sexually harassed colleagues in a single year, mining company says
  • Top economists urge Burnham to sign UK up to UN initiative on global inequality
  • Ministers drop plan to relax affordable housing rules after negative response
  • Virgin Trains a step closer to running services to Europe in blow to Eurostar
  • European farmers face ‘unprecedented crisis’ after successive heatwaves
  • US gas prices reach highest ever recorded for August amid stalled talks with Iran
  • China’s economy showing signs that slowdown may be extending
  • Leading economies’ borrowing costs hit highest since 2008 crisis
  • Alarm raised over ‘privacy dilemma’ of facial recognition technology at Coles and Woolworths
  • Government borrowing costs hit multi-year highs as markets fear inflation, and oil and gas prices rise – as it happened
  • UK government ‘irresponsible’ for not publishing emergency drought plans
  • Sainsbury’s store pauses AI scanning after false shoplifting accusation
  • JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks
  • Thom Yorke, Romy and Brian Eno among 200 musicians urging PM to reject new North Sea drilling
  • Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
  • Are Microsoft’s AI plans being held back by a shortage of chips?
  • Summer jobs bounce back in UK thanks to busy calendar of sport and music
  • Water companies in England and Wales explore ‘surge pricing’ during drought
  • Interest rate dilemma for central banks as inflation rises but growth slows
  • ‘I see the incredible promise’: on set of an AI film shoot as new studios embrace controversial tech
  • ‘Why did it become personal?’: furore over plans to expand Kent oyster shack
  • Burnham urged to crack down on gig economy firms to protect 4m workers

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