Starbucks China attracts bids valuing the coffee chain at up to $10 billion

Starbucks China has attracted offers for a potential stake sale, valuing the coffee chain at up to $10 billion, three people familiar with the deal process told CNBC. Almost 30 domestic and foreign private equity firms in China have submitted non-binding offers, the sources said, adding that proposals on the table value the business between … Read more

Business news live: Housebuilders pay £100m after investigation and copper hits record price on tariff threat

‘Naive and arrogant’: Why a wealth tax in the UK would fail, according to experts Any attempt by Rachel Reeves to plug the gap in the UK’s public finances through a wealth tax would be “naive”, with very few success stories from other nations, experts have warned. The chancellor may need to find as much … Read more

Musk’s AI firm deletes posts after Grok chatbot praises Hitler

Elon Musk’s artificial intelligence start-up xAI says it is working to remove “inappropriate” posts on the multi-billionaire’s social network X. The announcement came after the platform’s Grok AI chatbot shared multiple comments that were widely criticised by users. “Since being made aware of the content, xAI has taken action to ban hate speech before Grok … Read more

Report: Green power projects come with their own environmental costs

A new report from a conservative Minnesota-based think tank warns that public policy advocates are increasingly ignoring the environmental impacts of green energy projects such as wind and solar.  The Center for the American Experiment says in its report, Shattered Green Dreams, that it found numerous issues with green power that are ignored in policy discussions. From large land use requirements and impacts to wildlife to the ethical … Read more