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Starbucks’ biggest threat just came to the U.S. Luckin Coffee opens two NYC locations
Luckin Coffee is China’s biggest coffee chain.
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Rachel Reeves faces £5bn fiscal hole after welfare reform U-turn
Chancellor is being pushed to bend her rules on borrowing to fund higher spending
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Starmer guts UK welfare reforms to avoid Commons defeat
Government wins vote but watered down measures will leave a multibillion-pound hole in public finances
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Home Depot’s $5 billion purchase of an unsexy building products distributor is a prime example of smart M&A
The home-improvement retailer has been deliberate in its efforts to win the pro contractor market.
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Silicon Valley investor Vinod Khosla predicts AI will replace 80% of jobs by 2030—and take much of the Fortune 500 with it
Tech entrepreneur and investor Vinod Khosla’s prediction of AI automating 80% of high-value jobs by 2030 coincides with a reckoning for Fortune 500 companies.
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Figma files for IPO nearly two years after $20 billion Adobe buyout fell through
The design software startup, helmed by cofounder Dylan Field, moved closer towards one of the most anticipated public offerings of the year.
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Amazon CEO Andy Jassy says AI will probably mean fewer jobs after 27,000 people have already been cut from its workforce
“I think that AI and generative AI specifically is the most transformative technology of our lifetime, which is saying a lot, given that we have had the internet,” he told CNBC.
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How the ‘rebel alliance’ took on Starmer over welfare — and won
Plans to cut £5bn from Britain’s spiralling benefits bill lie in tatters after U-turn