>
Category

Business

The latest published reporting in this category.

Finance

‘Flying cars’ could launch in China next summer, maker of two-seat model says

XPeng says its $300k low-altitude device will soon be ready for emergency services and recreational use in rural areas People could start taking trips in so-called flying cars in China as soon as next summer, the manufacturer of a two-seater vehicle with autopilot model has said. Deli Zhao, the chief executive of the Chinese flying car company XPeng, said the $300,000 (£225,000) low-altitude device would be ready for use by recreational users in rural locations and by emergency services in the second half of 2027. After 10 years of development including trials of flying motorbikes at the compa

The Guardian
Read more
Finance

Anthropic targets valuation of up to $1.4tn in stock market flotation

Claude chatbot developer had been reported to be aiming for $2tn IPO on Wall Street before investors cooled on AI Anthropic is seeking a valuation of up to $1.4tn (£1.1tn) in its imminent stock market flotation, short of the $2tn that had been expected before investors started to question the durability of the AI boom. The developer of the Claude chatbot was widely reported to be targeting a $2tn initial public offering on Wall Street but its sights have been set lower, according to a US regulatory filing on Tuesday. Continue reading...

The Guardian
Read more
Finance

US inflation rose 0.4% in October as price increases cooled and gas costs dipped

New data comes after Republicans’ midterms losses – which were largely seen as a rebuke of the party over high prices US inflation rose 0.4% from September to October, slightly above expectations but still a cooldown in price increases as the cost of gas dipped during the month. The Bureau of Labor Statistics did not release the usual year-over-year inflation figure as part of the consumer price index (CPI), which measures the price of a basket of goods and services, as data was not collected in October 2025 during the government shutdown. Continue reading...

The Guardian
Read more