Option

Cursor is aSilicon Valley startup using AI to automate coding as Elon Musk’s firm seeks foothold in the AI marketSpaceX said it has secured an option to either acquire code-generation startup Cursor for $60bn later this year, or pay $10bn for their new partnership, as it pushes deeper into the lucrative market for AI developer tools.Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that has drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial traction. Continue reading...

Social workers in England say they often have no choice but to place children in unregistered settings because no one else will take themThe sinking feeling is familiar now, says Anna*. It’s Friday, the clock is ticking, and there is a vulnerable child in her care for whom – despite hitting the phones for days – she cannot find a place. Once the foster carers have been exhausted, and the registered private children’s homes begged, there is nothing for it but to look elsewhere.“It always seems to be on a Friday that you are struggling to place a child,” says the social worker. “They need somewhere safe tonight. You’re calling everywhere, already knowing the answer will be, ‘we haven’t got any spaces’. And then you’re left with what’s left of a hotel, a caravan … somewhere you know isn’t right, but you don’t have a choice.” Continue reading...

Survivors of UK’s mother and baby home scandal welcome news after years of campaigning for recognitionUK politics live – latest updatesThe Church of England is expected to make a formal apology for its role in forced adoptions and the UK’s mother and baby home scandal.Survivors of the scandal – in which hundreds of thousands of children were forcibly separated from their mothers – have welcomed the news after years of campaigning for recognition. Continue reading...

• Artivion (AORT) secured U.S. FDA approval for the NEXUS Aortic Arch System on April 7, 2026. • The device approval is expected to accelerate hospital adoption and spark reimbursement discussions. • This milestone positions Artivion for revenue growth in cardiovascular treatments.

• Arm debuted its first in-house AI chip, the AGI CPU, optimized for large-scale data center workloads. • Early adopters Meta and OpenAI plan to deploy the chip for advanced AI training and inference. • The launch advances Arm's push into AI hardware amid US-China chip tensions.

• The Minnesota Vikings are expected to exercise the fifth-year option on wide receiver Jordan Addison's rookie contract, according to sources, keeping the playmaker under team control. • Addison has demonstrated solid on-field production for the Vikings, though he has faced three legal incidents including two traffic violations and a dismissed trespassing charge in Florida. • The decision comes after the Vikings lost wide receiver Jalen Nailor in free agency, making Addison's retention strategically important for the team's receiving corps.

• The US Pentagon is developing plans for a 'final blow' in the Iran war, involving ground troops and massive bombing, as reported by Axios citing two US officials and knowledgeable sources on March 27, 2026. • US Central Command confirmed an Israeli airstrike killed Iran's IRGC Navy commander, amid escalating naval tensions near the Strait of Hormuz. • The Wall Street Journal revealed considerations for deploying 10,000 additional US troops with armored vehicles to the Middle East, coordinating with existing Marines and the 82nd Airborne Division.

Ministers urged to work with survivor groups on formal apology as many victims are nearing end of their livesThe UK government must urgently issue a formal apology for the state’s role in forced adoption as many victims are nearing the end of their lives, a cross-party group of MPs has said.A report from the education select committee said ministers should provide an initial commitment to an apology and begin working with survivor groups as quickly as possible on its wording. Continue reading...

• The Treasury Department's FSOC and AITO launched the AI Innovation Series, a public-private initiative with four roundtables convening financial institutions, tech firms, and regulators on high-value AI use cases. • Treasury Secretary Scott Bessent stated, 'Leadership in AI adoption is a crucial component of economic security,' shifting regulation from constraint to enabling productivity-enhancing tech. • Deputy Assistant Secretary Christina Skinner emphasized AI's role in fraud detection, credit allocation, and operational resilience for financial stability.

Democratic Senate hopeful says experience of being key witness in Trump’s first impeachment makes him right choice for FloridaAlex Vindman is not a man to hold a grudge. Ask him about the bullying, intimidation and retribution meted out by Donald Trump and Maga acolytes following his appearance as a key witness in the first of the president’s two first-term impeachments, and he almost shrugs it off.“For people that know anything about me, I basically smile all the time,” he says. Continue reading...

Rolling coverage of the latest economic and financial newsThe number of people in England and Wales falling into insolvency has jumped.There were 11,609 individual insolvencies registered in England and Wales in February, the Insolvency Service has reported this morning. This was 18% higher than in February 2025 and 6% higher than in January 2026.The individual insolvencies consisted of 768 bankruptcies, 4,210 debt relief orders (DROs) and 6,631 individual voluntary arrangements (IVAs). The number of DROs in February 2026 was a record high in the monthly time series going back to their introduction in 2009, exceeding the previous high of 4,185 in August 2025.The number of IVAs was higher than both January 2026 and the 2025 monthly average. Bankruptcies were 25% higher than in February 2025, although numbers were affected by the clearing of a backlog following the Insolvency Service moving to a new case management system.Average 2-year fix has risen from 4.83% at the start of March to 5.28% today. It’s highest since April 2025.Average 5-year fix has risen from 4.95% at the start of March to 5.32% today. It’s highest since February 2025.“War in the Middle East has added almost £800 to a typical annual mortgage bill in just two weeks, which will be unwelcome news for anyone currently seeking a fixed rate deal.“The average two-year fixed rate has jumped from 4.83% at the start of March to 5.28% today – its highest level since April 2025. The average five-year fix has risen from 4.95% to 5.32%, now at its highest since February 2025. For a borrower with a £250,000 mortgage over 25 years, that equates to paying £788 more per year on a two-year fix, or £651 more on a five-year deal compared to just a fortnight ago. Continue reading...