Channel Tunnel says UK investment 'non-viable' as it halts projects

The US job market experienced a surprising increase in September, adding 119,000 jobs, according to a report delayed by the government shutdown. This marks a significant recovery after a slow summer, although the unemployment rate rose to 4.4%, the highest since 2021. The report provides crucial insights into the labor market after weeks of uncertainty.

JD Sports has reported that youth unemployment in the UK is negatively impacting sales growth and profits, with the company expecting annual profits to be at the lower end of expectations. The UK market has been identified as the worst-performing for JD Group, which also owns other brands like Blacks and Go Outdoors.

According to the Office for National Statistics, nearly one million young people in the UK remain out of work or education, representing one in eight youth. Although this figure has seen a slight decrease, it highlights ongoing challenges within the job market for young individuals.

US non-farm payrolls increased by 119,000 in September, exceeding forecasts after a surprising job loss in August. The unemployment rate remained steady at 4.4%. This growth indicates a rebound in the job market despite previous setbacks.

Uber has partnered with Starship Technologies to introduce robot deliveries in the UK. This collaboration aims to enhance delivery efficiency and expand Uber's service offerings in the region. The initiative reflects a growing trend towards automation in the delivery sector.

Yann Le Cun, a prominent figure in artificial intelligence and a key player at Meta for over a decade, is leaving the company. His departure follows disagreements with fellow engineers regarding the future of AI technology, particularly large language models like those used in ChatGPT.

The UK oil sector is playing a crucial role in Europe's integrated energy system, providing essential supplies amid ongoing geopolitical tensions and energy market fluctuations. This reliance on UK oil highlights the interconnectedness of European energy security and the need for stable supply sources.

Invesco's Ciaran Mallon expresses optimism about the UK stock market, particularly in banking and oil sectors, despite a general trend of global fund managers reducing their UK equity exposure. This positive sentiment highlights a belief in the potential recovery and growth of these sectors.