Nearly 90% of jobseekers unable to get long-term work despite millions spent on private job agencies


We need clarity on big pharma’s tax breaks | Letters
The outgoing chief executive of the pharmaceutical company GSK says the NHS should pay more for its drugs, in order to create “the right commercial environment” and ensure “patient access to innovation” (UK must reform drug pricing to become life sciences superpower, says GSK boss, 29 October).Our research shows that UK taxpayers are already paying handsomely for “patient access to innovation” through the £3.4bn in tax relief on profits of patented drugs that the UK has granted GSK via the UK’s “patent box” tax regime. This includes £486m in 2024 alone – larger than the entire budget of the Biotechnology and Biological Sciences Research Council, the UK’s main bioscience innovation funder.HMRC even granted UK tax relief to GSK on profits of a lupus drug, which for several years was unavailable to UK lupus sufferers, due to the price that GSK demanded from the NHS (£769

Time for Reeves to recognise reality: AstraZeneca has killed stamp duty on shares | Nils Pratley
It was one of those votes where the majority was always going to be huge. AstraZeneca’s proposal to list its shares directly on the New York Stock Exchange while retaining the quotes in London and Stockholm disadvantages nobody on the shareholder register.US investors get the chance to own AstraZeneca in full-fat form rather than via American depositary receipts (a wrapper provided by a handful of banks), a rejig that should widen the pool of potential investors and help the company with any future big deals in the US. Meanwhile, the pharma giant keeps its presence in the FTSE 100 index, upsetting no shareholders on the home front. “A global listing for global investors in a global company,” as Pascal Soriot, the chief executive, called it

‘History won’t forgive us’ if UK falls behind in quantum computing race, says Tony Blair
Tony Blair has said “history won’t forgive us” if the UK falls behind in the race to harness quantum computing, a frontier technology predicted to trigger the next wave of breakthroughs in everything from drug design to climate modelling.The former British Labour prime minister, whose thinktank and consultancy, the Tony Blair Institute, is backed by tech industry leaders including the Oracle founder, Larry Ellison, warned: “The country risks failing to convert its leadership in quantum research.”In a report calling for a national strategy for quantum computing, Blair and William Hague, a former Conservative party leader, compared the situation to the recent history of artificial intelligence, where the UK was responsible for important research breakthroughs but then ceded power to other countries, including the US, leading to a scramble to build “sovereign” AI capacity.“As we have seen with AI, a strong research and development base is not enough: it is the countries that have the infrastructure and capital for scale that capture technology’s economic and strategic benefits,” they said. “While the UK is home to the second highest number of quantum startups in the world, it lacks the necessary high-risk capital and infrastructure to scale those startups

In Grok we don’t trust: academics assess Elon Musk’s AI-powered encyclopedia
The eminent British historian Sir Richard Evans produced three expert witness reports for the libel trial involving the Holocaust denier David Irving, studied for a doctorate under the supervision of Theodore Zeldin, succeeded David Cannadine as Regius professor of history at Cambridge (a post endowed by Henry VIII) and supervised theses on Bismarck’s social policy.That was some of what you could learn from Grokipedia, the AI-powered encyclopedia launched last week by the world’s richest person, Elon Musk. The problem was, as Prof Evans discovered when he logged on to check his own entry, all these facts were false.It was part of a choppy start for humanity’s latest attempt to corral the sum of human knowledge or, as Musk put it, create a compendium of “the truth, the whole truth and nothing but the truth” – all revealed through the magic of his Grok artificial intelligence model.When the multibillionaire switched on Grokipedia on Tuesday, he said it was “better than Wikipedia”, or “Wokepedia” as his supporters call it, reflecting a view that the dominant online encyclopedia often reflects leftwing talking points

WTA Finals: Rybakina downs Swiatek, Anisimova fights back to beat Keys – as it happened
Elena Rybakina is through to the last four of the WTA Finals after producing a storming comeback to beat Iga Swiatek in Riyadh. Rybakina, from Kazakhstan, lost the first set after a single break in 36 minutes, but turned the match on its head in the second and went on to win 12 of the next 13 games.The win, coupled with Amanda Anisimova’s three-set victory over Madison Keys, ensured that Rybakina will finish top of the Serena Williams Group and secure a semi-final berth, while Swiatek and Anisimova with battle it out for the second spot on Wednesday.Swiatek, the world No 2, thrashed Keys 6-1 6-2 in her opening round-robin clash, but was twice broken in the second set against Rybakina before failing to win a game in the decider to lose 6-3 1-6 0-6. Rybakina, who had lost each of her previous four matches against Swiatek, has now played two and won two in Riyadh following a 6-3 6-1 triumph over Anisimova in her tournament opener

Steward injury could offer Smith the chance to start for England against Fiji
A hand injury to the full-back Freddie Steward could present Marcus Smith with a fresh chance to start for England when they face Fiji at Twickenham on Saturday.Steve Borthwick’s team will meet the Pacific Islanders in the second of four November internationals after a comfortable opening victory against Australia, but the No 15 jersey may become a significant problem for the England head coach.Steward, who started against the Wallabies, received treatment at pitchside in the second half at Twickenham and appeared to be in considerable pain but stayed on for 80 minutes. It is understood that he will not return to training until Thursday.With the full-backs George Furbank of Northampton and Elliot Daly of Saracens already ruled out, Steward’s setback may provide a chance for Smith

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Boom or bubble? Inside the $3tn AI datacentre spending spree

Knee-jerk corporate responses to data leaks protect brands like Qantas — but consumers are getting screwed

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Apple reports record iPhone sales as new lineup reignites worldwide demand

Amazon reports strongest cloud growth since 2022 after major outage