Abuse by UK’s ‘most prolific sex offender’ was ignored at Medomsley detention centre, report finds


‘Part of the joy economy’: bumper year for UK toys as Wicked dolls and Pokémon appeal to ‘kidults’
There could be tug of war under the Christmas tree this year owing to the growing trend of adult toy collectors, a rundown of the season’s must-haves suggests.Singing Wicked 2 dolls, manga-themed Lego, a Pokémon game and a mini-fridge playset are among the items on the annual DreamToys selection that experts say are as likely to feature on the wishlists of adults as children.In recent years, the industry has been bolstered by the passions of “kidults” (buyers aged 12 and over) who spend their spare cash on expensive Lego sets and collectible figurines. This group is behind £1 in every £3 spent on toys in the UK.Almost half of adults (43%) have bought a toy for themselves or another adult this year – a figure that rises to 76% among gen Z (aged 18 to 28) shoppers, according to figures from the data company Circana

Housebuilder Taylor Wimpey hit by sales fall amid budget uncertainty
The British housebuilder Taylor Wimpey has reported a drop in sales in the key autumn period, blaming uncertainty in the run-up to this month’s budget for potential buyers holding back purchases.The company, the latest home construction business to report softer sales growth, reported that its weekly average for the number of private sales per site fell 11% to 0.63 between 30 June and 9 November compared with 0.71 in the same period last year.“Market conditions remain challenging, impacted by uncertainty ahead of the upcoming UK budget and continued affordability pressures,” said Jennie Daly, its chief executive

Menulog closing in Australia, affecting thousands of delivery drivers and 120 employees
Menulog is closing its Australian operations, becoming the latest casualty in the competitive delivery service app sector that will affect thousands of delivery riders, as well as about 120 direct employees.The owner, Dutch multinational Just Eat Takeaway.com, announced on Wednesday that the Australian-founded service will no longer take orders from 26 November.“While Menulog has a proud 20 year history, it has been navigating challenging circumstances,” the company said.The Transport Workers’ Union national secretary, Michael Kaine, said the closure would come as a “shock to the thousands of food delivery riders who rely on Menulog for income”

Tech shares slide after SoftBank sells Nvidia stake; UK interest rate cut expected in December – as it happened
Several economists are predicting the Bank of England could cut interest rates as soon as December, following this morning’s weak jobs report.And looking further ahead, the money markets are now indicating they expect 65 basis points of BoE rate cuts by the end of next year, up from 55 bps on Monday. That means two quarter-point cuts by December 2026 are fully priced in, with a third now more likely.Suren Thiru, economics director at ICAEW (the Institute of Chartered Accountants in England and Wales), reckons the odds of a rate cut next month have risen, now that unemployment has jumped to 5% and wage growth has slowed.“These figures suggest that the UK’s labour market is suffering from pre-Budget jitters, as businesses already weakened by April’s rise in national insurance look to cut recruitment further in anticipation of another difficult Budget

SoftBank sells stake in Nvidia for $5.8bn as it doubles down on OpenAI bets
The Japanese technology investor SoftBank intensified the debate about valuations in the artificial intelligence world on Tuesday by revealing it had sold its stake in the chipmaker Nvidia.In its latest quarterly results, SoftBank showed it had sold its shares in Nvidia for $5.8bn (£4.4bn) in October, as it doubles down on its bets on OpenAI, the group behind the ChatGPT chatbot. It also reported that second-quarter net profit more than doubled to 2

‘You can’t spend your whole life trying to stop a McDonald’s’: how the fast-food chain keeps opening new Australian stores
When a McDonald’s representative appeared before a local council in Melbourne on Monday night to defend its plan for a new 24-hour store in the area, he tried to reassure locals the proposal was “modest and efficient”.Despite that, Darebin city council listened to impassioned submissions – including a petition of more than 11,000 signatures – and voted 6-3 to reject the plan to open an outlet on trendy High Street in the inner-north suburb of Northcote.What comes next? As some Darebin councillors noted before voting, the rejection of the McDonald’s sets the council up for a potential costly legal confrontation should the company appeal against the decision in the Victorian civil and administrative tribunal (Vcat). McDonald’s has confirmed it intends “to pursue all available avenues to progress this site”.McDonald’s – which has more Australian restaurants than any other fast-food company apart from Subway – has been foiled before, tried again and, in many cases, succeeded

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