Samsung Electronics forecasts a 19-fold increase in profits for the April-June quarter, driven by high global demand for AI memory chips. The company expects record operating profits and sales, with analysts citing the AI boom and tight supply as key factors.
Rachel Bews was denied access to an Amazon business course in Scotland because she needed to bring her 20-week-old baby. Amazon cited a health and safety policy prohibiting children under six on-site, despite a lactation room being available.
UK banks are failing vulnerable customers, including the homeless, by pushing them towards unsuitable online applications instead of offering basic bank accounts. The FCA found a third of customer experiences with these accounts were poor or very poor.
Microsoft is eliminating approximately 4,800 jobs, representing 2% of its global workforce, as part of a cost-cutting measure and a significant restructuring of its Xbox gaming division. This includes shedding 3,200 gaming jobs and spinning off or reviewing five game studios.
ITV is selling its broadcasting division to Sky for £1.6bn, a move seen as an end to an era for the 70-year-old company. The deal reflects the decline of traditional free-to-air broadcasting in the face of streaming giants, with ITV's digital revenues showing growth but not enough to offset the linear business's struggles.
US private equity firm Castlelake has agreed to a £5.5bn takeover of easyJet, offering £6.90 per share. The deal, which follows four previous rejections, is seen by analysts as a sign of UK firms being undervalued and bought cheaply by foreign buyers.
