Thursday, August 20
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Personal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified statusPersonal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified status

Sofia Marchetti

Reporter · Boursel

A traditional London pub decorated with flowers
Economy
Thursday, 7/23, 01:16 PM

UK cuts business rates 20% for pubs, clubs and music venues

  • The UK government will cut business rates bills by 20% for pubs, social clubs and live music venues in England from April 2027.
  • Nearly 32,000 venues qualify, saving a typical pub about £1,100 a year, at a cost of roughly £100 million annually that the Treasury says is fully funded by trimming reliefs elsewhere.
The Bank of England on Threadneedle Street in the City of London
Economy 32 d

The Bank of England stops taking coal-linked bonds as collateral

  • From October, commercial banks can no longer pledge bonds linked to thermal coal when they borrow from the Bank of England.
  • The direct market effect is small, but it establishes that a central bank will price climate transition risk into what it accepts as security.

In brief

In brief

In brief

In brief

The European Commission's Berlaymont building in Brussels
Tech 52 d

Austria Wants the EU to Lure Anthropic After America's AI Export Curbs

  • Austria has asked the EU to consider courting Anthropic — even helping host the US AI company inside the bloc — after Washington briefly cut foreign users off from its most powerful models.
  • It's a striking sign that access to frontier AI is now treated as a matter of economic and national security.

In brief

In brief