Paraguay’s president quits after millions of people’s savings frozen in bank crisis
Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse
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Culture
US stocks rise, dollar slides as investors digest Democrats’ midterm victories
Government bond yields fall while initial fears ease over impact of election results on world’s biggest economy
John Lewis Christmas ad stars Kristin Scott Thomas as glamorous granny on a gift hunt
Company tugs at heartstrings with Pickles the talking toy dog as it celebrates 20 years of blockbuster festive ads
How a small Wisconsin city scuttled a secretive $1.6bn datacenter project
Residents of Menomonie mounted a successful protest against a huge campus in the city as national resistance to the AI boom grows
The cursed cruise: how the dream of never-ending luxury at sea became a nightmare
The MV Odyssey was billed as the ultimate escape from Donald Trump. Instead, the oil shock caused by his war has left passengers unceremoniously dumped in Cambodia
Google owner Alphabet loses $500bn in market value after profit disappoints Wall Street
Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn
Luxury cruise passengers stranded in Cambodia due to soaring fuel costs
The Villa Vie Odyssey suspends its voyage and is working with passengers on "temporary living arrangements".
What the claw arcade game tells us about the cost of living crisis | Zoe Williams
No matter how you crunch the UK data, prices are rising while average wages stagnate. The system is rigged – and it’s time we kicked over the toy dispenser, writes Zoe Williams
Healey’s first budget to include big devolution package to boost growth
Chancellor will build on Burnham’s promise that local leaders in England will no longer have to ‘come cap in hand to Westminster’
Telegraph cuts up to 100 jobs as new owner promises to turn paper into ‘AI-powered’ global business
Redundancies come after paper was bought in June by European media group Axel Springer
Flaw in PHP computer language leads to shutdown of websites around world
Precautionary takedowns come as experts say vulnerability in PHP, which is used by 70% of sites, could be exploited
European air fares could rise by as much as 20% in 2027, Ryanair boss predicts
Conflict in Middle East is pushing jet fuel costs higher and many carriers are not hedged against such increases, Michael O’Leary says
Electricity costs put UK steelmakers in worst position in three years against EU rivals
Premium paid over French counterparts has risen to almost £30 a megawatt hour, analysis by lobby group finds
Why Britain should reject the lure of cheap – and scary – Chinese AI
In the west the technology comes with at least some effort to provide security and a benign intent – not so from China
The water torture goes on at Thames. Sector-wide reform isn’t moving much faster | Nils Pratley
If ‘public control’ bit is delaying overhaul, that needs to be nailed down sharpish or continued uncertainty could be costly
US inflation rose to 3.7% in September in blow to Republicans before midterms
Final inflation report before voters go to polls comes amid widespread anger over cost of living under Trump
IMF warns global economy ‘could soon test the limits of resilience’
World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026
Why a Chilean salt flat is a microcosm of the extractive frontiers of green capitalism
In the Atacama desert, the extraction of lithium – so crucial to addressing the climate crisis – comes with escalating social and environmental costs
Trump establishes committee to investigate Fed governor Lisa Cook
US president renews his efforts to oust Cook despite supreme court ruling that her firing was unconstitutional
Medium-term borrowing costs for UK government hit 19-year high
Investors offload global bonds amid fears of rising inflation, increasing pressure on John Healey ahead of first budget
Ikea to pilot online buyback service for secondhand furniture
Service to be tested in Spain and Portugal this year, with a UK rollout if successful, as pre-loved markets boom
Accept ‘bad things’ in return for benefits of AI, says Sam Altman
Boss of OpenAI calls for a regulatory light touch because of the ‘good stuff’ the technology can deliver
OpenAI safety leader quits, warning AI company’s culture is ‘broken’
David Robinson joins other insiders in urging industry to take more care over rapidly developing technology
These underwater umbrellas can shade coral reefs to protect them from bleaching
Our oceans are incredibly hot, and that heat stress is a major threat to coral reefs. To truly protect corals, we need to address climate change as a whole. But in the meantime, scientists…