Business

Six months after launching, London-based AI recruitment startup Jack & Jill has raised $20 million in seed funding to reinvent how people find jobs and companies hire talent. The round was led by Creandum, the European venture firm behind Spotify and Klarna, with participation from Dig Ventures, Entrepreneur First, Ada Ventures, Firedrop, Repeat.vc, Episode1, Playfair, and more than 75 angel …

The UK has announced sweeping new sanctions aimed at crippling Russia’s energy revenues, targeting the country’s largest oil producers, state-linked tankers, and overseas partners helping to keep Russian crude flowing to global markets. Unveiled by Chancellor Rachel Reeves ahead of meetings with global finance leaders in Washington, D.C., the sanctions package includes 90 new measures and represents one of Britain’s …

The United States has accused China of betraying a fragile trade truce reached earlier this year, in a sharp escalation of rhetoric between the world’s two largest economies. In a rare joint appearance in Washington, US Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent condemned Beijing’s decision to tighten export controls on rare earth materials, describing the move as …

India’s exports to the United States — its largest trading partner — have plunged following the introduction of steep US tariffs on Indian goods, marking one of the sharpest trade shocks in recent years. According to government data, India’s goods exports to the US dropped 20% in September alone and nearly 40% over the past four months, as Washington’s 50% …

Senior bankers in the UK will be able to collect their bonuses more quickly after regulators moved to relax rules introduced in the wake of the 2008 financial crisis. From Thursday, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) will reduce the bonus deferral period for top banking executives from eight years to four, allowing partial payouts …

The UK’s mid-market firms continued to drive private sector expansion in the third quarter of 2025, showing resilience despite a softening in overall activity across the wider economy, according to new data from NatWest’s UK Business Growth Tracker. The index, which surveys mid-market businesses across manufacturing and services, dipped from August’s 13-month high of 56.4 to 51.6 in September, signalling …

The UK Government has unveiled new evidence of how its home-grown artificial intelligence technology is improving efficiency and cutting costs, after it was used to help process tens of thousands of public consultation responses. The specialist AI system, developed in-house as part of the government’s “Humphrey” suite of digital tools, played a key role in speeding up the analysis behind …

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Dr. Markus Rechlin began his career with a strong academic background in mechanical engineering. Having earned his doctorate from RWTH Aachen University, one of Germany’s top technical universities, he quickly established a practical and analytical mindset that would become the hallmark of his executive approach to leadership. The early part of his education was supported by scholarships from the Studienstiftung …

In today’s digital banking landscape, machine learning works behind the scenes, changing the way financial institutions safeguard money and connect with their clients. It doesn’t shout about its presence, but its impact is hard to miss — spotting suspicious activity within seconds, anticipating customer needs, and helping banks offer products that feel genuinely personalized. What once took teams of analysts …