Elon Musk has hit back at the UK government after he was not invited to an international investment summit following his controversial social media posts during last month’s riots. Musk said on X on Thursday: “I don’t think anyone should go to the UK when they’re releasing convicted pedophiles in order to imprison people for…

Hoda Kotb on the set of the TODAY Show on Friday, April 12, 2024, Nathan Congleton | Nbcuniversal | Getty Images Hoda Kotb will be leaving her role as a co-anchor on NBC’s “TODAY” show early next year, she announced in a letter to staff on Thursday. “As I write this, my heart is all…

DALLAS — Southwest Airlines raised its third-quarter revenue forecast on Thursday, announced its board authorized $2.5 billion in share buybacks and detailed a host of changes to its business model as it seeks to fend off activist Elliott Investment Management. The airline said it expects unit revenue to rise as much as 3% in the…

Britain’s Gambling Commission is to prosecute Sorare, a multibillion-pound company that makes a fantasy football game promoted by the Premier League, for providing unlicensed gambling. Sorare, which is valued at $4.3bn (£3.21bn) and counts major international investment firms such as SoftBank among its backers, will appear in court on 4 October in what will be…

Chinese leaders have vowed to arrest a slump in the housing market and boost growth after conceding that measures by the central bank to stimulate investment this week were likely to prove inadequate. Promising to deploy “necessary spending” by the state to meet this year’s economic growth target of 5%, China’s politburo said it would…

OpenAI is reportedly pushing ahead with plans to become a for-profit company, as more senior figures left the ChatGPT developer after the surprise exit of its chief technology officer, Mira Murati. The San Francisco-based startup is preparing to change its corporate structure as it seeks $6.5bn (£4.9bn) of new funding, according to reports. Under the…

The managing director of Harrods has apologised and said the business “failed our colleagues” following sexual misconduct allegations against the department store’s former owner, Mohamed Al Fayed. In a statement, Michael Ward said it is clear Fayed “presided over a toxic culture of secrecy, intimidation, fear of repercussion and sexual misconduct”. Ward, who worked for…

Morrisons has raised £331m to cut its debt pile through the sale of ground leases on 76 supermarkets as part of a turnaround plan under the new chief executive, Rami Baitiéh. If all the proceeds are used to pay down debt, Morrisons would have net debt of £3.6bn, down from as much as £8.6bn at…

Wifi networks at a number of train stations across the UK have been suspended after a “cybersecurity incident”. Nineteen stations including London Euston, Manchester Piccadilly and Birmingham New Street had their wifi services suspended on Wednesday night after the incident. They were still down on Thursday morning. The Manchester Evening News reported that passengers accessing…

The water in Careening Cove at Milson Park, Kirribilli, is still bright green a day after a substance was discovered leaking from a stormwater drain. Authorities said there was no indication the substance is toxic, and it is most likely a fluorescein dye that could have entered the drain ‘from thousands of areas’. Locals were…