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A US-made prototype jet has broken the sound barrier, in the first commercial venture to achieve supersonic speeds since Concorde.

Boom Supersonic, a startup that seeks to build the world’s fastest airliner, flew a test flight of its fighter jet-sized XB-1 demonstrator over the Mojave desert in California on Tuesday.

Lloyds Banking Group has revealed plans to shut another 136 branches, weeks after a policy allowing customers to do their in-person banking

across any of its three brands

sparked fears that bosses could close up to a quarter of its high street sites.

The move will cut …

The

Reserve Bank of Australia

is designed to be independent of government, but that does not mean its decisions do not have political consequences.

After Wednesday’s better-than-expected

inflation reading

, there is now broad consensus among economists that the RBA will cut interest rates next …

The International AI Safety report is a wide-ranging document that acknowledges an array of challenges posed by a technology that is advancing at dizzying speed.

The document, commissioned after the 2023 global AI safety summit, covers numerous threats from deepfakes to aiding cyberattacks and the use of biological weapons, as …

OpenAI has warned that Chinese startups are “constantly” using its technology to develop competing products, amid reports that DeepSeek used the ChatGPT maker’s AI models to create a rival chatbot.

OpenAI and its partner Microsoft – which has invested $13bn in the San Francisco-based AI developer – have been investigating …

A coalition of NGOs has urged the president of the European Commission not to be bullied by Donald Trump and Elon Musk into weakening the enforcement of the EU’s tech regulations.

The letter to Ursula von der Leyen comes after the EU executive played down reports that it was reassessing …

The potential for artificial intelligence systems to be used for malicious acts is increasing, according to a landmark report by AI experts, with one of the study’s authors warning that DeepSeek and other disruptors could heighten the safety risk.

Yoshua Bengio, regarded as one of the godfathers of modern AI, …

WH Smith has reported falling sales in its UK high street stores, while revenues rose at its more successful travel arm, as the retail group attempts to

offload its ailing town centres division

.

The retailer’s up-for-sale high street division – where it sells newspapers, books, stationery, cards …

Two of England’s privatised water monopolies, the South West Water owner Pennon and United Utilities, have said they will increase dividend payments to investors, as they prepare to raise household bills.

The companies said they had accepted the regulator Ofwat’s final determination of what they may charge customers – removing …

Rachel Reeves has confirmed that the government will throw its weight behind a third runway at Heathrow, claiming it will make the UK “the world’s best-connected place to do business”.

In a speech in Oxfordshire on her plans for national growth, the chancellor said: “We cannot duck the decision any …

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