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Business News- AI was supposed to destroy jobs. Where’s the carnage? 12/08/2026The AI jobs apocalypse never showed up. Still, jobs are changing and economists expect more to come.The prediction was stark: artificial intelligence advancements would wipe out jobs en masse. “Half” of all entry-level white collar jobs would vanish, Anthropic’s CEO, Dario Amodei, said in May 2025. A month later, OpenAI’s CEO, Sam Altman, went further, […]
- If the markets reject OpenAI and Anthropic, the US should nationalize them | Bruce Schneier and Nathan E Sanders 12/08/2026From space to telecommunications, the US has a long history of fostering technology for the public good. These AI models could be aligned to democratic values, not corporate profitsOpenAI, and then Anthropic, were each formed by AI developers who feared unrestrained corporate AI development – specifically, that companies like Google and Meta would steer the […]
- Iran war and high living costs fuelling last-minute holiday bookings, Tui says 12/08/2026Geopolitics and cost of living crisis have cost Europe’s largest travel company €60m so farHolidaymakers are waiting until the last minute to book their trips because of the continuing uncertainty caused by the war in Iran and the cost of living crisis, according to Tui, Europe’s largest travel company, which said the war had cost […]
- Global energy watchdog warns oil stockpiles ‘rapidly depleting’ – business live 12/08/2026The International Energy Agency calls for urgent reopening of the strait of Homuz amid ongoing pressure on global oil suppliesSpot gold prices are up 1.1% at around $4,414.63 per ounce, as market watchers eye US inflation data due out this afternoon.The July inflation data is expected to shed some light on the Federal Reserve’s policy […]
- Just 20 of 6,600 Defra staff working on climate adaptation amid drought and wildfires 12/08/2026Exclusive: England ‘desperately unprepared’ for effects of crisis including water shortages and heatwavesUK heatwave live – latest updatesJust 20 staff are working on climate adaptation within a key government department tasked with protecting the environment and maintaining food security, a freedom of information request has revealed.The officials make up 0.3% of staff within the Department […]
- AI was supposed to destroy jobs. Where’s the carnage? 12/08/2026