Stellantis and Renault back UK to get EU car industry protection
Posted on Monday October 12, 2026

Bosses of Citroën owner and French carmaker also urge UK government to consider limiting imports from China

Stellantis and Renault have backed the UK car industry for inclusion in proposed rules to protect EU industry, but urged the British government to consider limiting imports of Chinese cars.

Emanuele Cappellano, who leads Stellantis’s European brands including Fiat, Citroën, Opel and Vauxhall, and François Provost, the chief executive of France’s Renault, said the UK should effectively be counted as one of the EU’s 27 member states for the purposes of the proposed “Made in Europe” legislation.

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Nobel Prize for economics awarded to Hall and Woodford for work on ‘smoothing’ crises
Posted on Monday October 12, 2026

US economists developed models that help central bankers and finance ministers to stabilise their economies

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Two US economists have won the 2026 Nobel economics prize for their work developing models that help central bankers and finance ministers to stabilise their countries, avoiding long recessions and runaway inflation.

Robert Hall of Stanford University, California, and Michael Woodford of Columbia University, New York, were recognised for developing the “microeconomic foundations of macroeconomic stabilisation”, giving policymakers better tools to smooth out the peaks and troughs of their economies.

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Roman Abramovich aides falsified paperwork to disguise assets and dodge tax, records suggest
Posted on Monday October 12, 2026

Accountancy firm Deloitte Cyprus among those that appear to have backdated records outlining the Russian billionaire’s assets

Aides of Roman Abramovich – including staff at the global accountancy firm Deloitte – falsified paperwork mapping the oligarch’s sprawling offshore business empire, records suggest, helping his businesses dodge tax and disguise assets.

New analysis of leaked corporate records uncovers what appears to have been a long-running and carefully orchestrated strategy of backdating documents.

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IFS: budget will be ‘work of fiction’ without clear plan to cover UK’s £35bn spending pressures
Posted on Monday October 12, 2026

Thinktank’s influential pre-budget report urges key decisions to be made now and not put off until next year

John Healey has been warned by Britain’s leading tax and spending experts that his budget risks being a “work of fiction” unless he sets out plans to cover £35bn in spending pressures.

As the war in the Middle East rattles the public finances, the Institute for Fiscal Studies (IFS) said the damage from higher inflation meant the chancellor would need to either top up funds for his current government spending plans or impose deep real-terms cuts by the end of the decade.

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Cyber-attack similar to OpenAI Medicare breach seems likely in UK, says minister
Posted on Monday October 12, 2026

Kanishka Narayan, concerned by Australian incident, says British cyber defences could be bypassed by artificial intelligence agent

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An AI-driven cyber-attack similar to the OpenAI breach of Australia’s healthcare system is likely, “if not inevitable”, in the UK, according to a senior minister.

Kanishka Narayan, the UK AI minister, indicated that the British government’s own cyber defences would be bypassed by a technology that has developed highly sophisticated skills in cybersecurity.

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‘I’ve become significantly more cautious’: six parents on limiting their kids’ social media and AI use
Posted on Monday October 12, 2026

Quite a few parents aren’t convinced social media and AI are safe, and have been adapting accordingly

When it comes to their kids, many parents don’t trust tech companies any more.

Social media companies have spent the better part of the last decade arguing that their platforms are safe for teens, but quite a few parents aren’t convinced. They, along with a growing number of regulators, have increasingly accused companies like Meta of designing products that are addictive to younger users.

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Christian Horner: ‘Not all teams act that way. You don’t see the same brutality as when I left’
Posted on Monday October 12, 2026

The 52-year-old reflects on the pain of being sacked after two decades turning Red Bull into an F1 powerhouse, questioning his purpose in life and dealing with panic attacks

Christian Horner should be in steamy Singapore, preparing for another grand prix victory, but here he is, at home on an autumnal morning in genteel Highgate as his wife, Geri Halliwell-Horner, welcomes me with a cheerful hug. Horner smiles as the former Spice Girl produces an impressive imitation of my South African accent which echoes her old headteacher at Watford Girls.

After the most controversial man in the recent history of Formula One says hello, Halliwell-Horner and I discuss the fact that my two daughters also went to her school and that one of their history textbooks had her name printed on the inside page – while the ex-Ginger Spice talks about gritty old Watford, grammar school education and Nelson Mandela.

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Coventry land long-awaited home win as Mfuni seals rout of Newcastle
Posted on Monday October 12, 2026

If ever there was validation needed for attack being the best form of defence, Frank Lampard can point to this game. Coventry climbed out of the relegation zone after their second successive win showcased the benefits of their manager’s willingness to balance risk with reward.

Late goals from substitutes Ellis Simms and Stephen Mfuni allowed promoted Coventry to pull away from a Newcastle side who, after a strong start to the season, also lost their last game, at Leeds, by this scoreline.

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