Meta Signs Nuclear-Power Deal to Fuel Its AI Ambitions

The UK’s official inflation figures for April were slightly higher than they should have been due to a mistake in car tax data provided by the government. The Office for National Statistics says the error overstated inflation by 0.1 percentage points. Meanwhile, the Eurozone is gearing up for an interest rate cut, and fintech giant Wise has dealt a symbolic blow to the London stock market by shifting its focus elsewhere.

Nintendo fans are losing sleep over the Switch 2—literally. Stores are staying open past midnight to handle what one retailer calls the "biggest gaming pre-order ever," with crowds lining up like it's Black Friday for gamers. But behind the hype, there's some grumbling about steep prices that might cool the frenzy.

Procter & Gamble, the company behind household staples like Tide and Crest, is slashing 7,000 jobs as part of a broader restructuring plan. They’re also streamlining their brand lineup—meaning some lesser-known products might get axed. It’s a big shakeup for a company that’s been a titan of the consumer goods world for decades.

Oil prices took a hit this week as worries about weaker demand in the U.S. collided with Saudi Arabia’s decision to slash its crude prices for February. Basically, the market’s getting jittery that Americans might not be guzzling as much fuel as expected, and Saudi Arabia’s price cut signals they’re trying to stay competitive—which could mean more downward pressure on global prices.

The company behind household brands like Kleenex and Huggies is close to finalizing a $3.5 billion deal to sell its international tissue business to Suzano, a Brazilian pulp and paper giant. This move signals a strategic shift for the parent company, likely to focus more on its core markets or other product lines.