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Songwriters and session musicians will receive better rates of pay under a landmark deal agreed by the music industry and the government. For the first time, songwriters will get daily payments of £75, plus travel and food expenses, any time they attend a session or songwriting camp. Previously, they were expected to cover their own…

OpenAI CEO Sam Altman has warned of a “significant impending fraud crisis” in the financial sector due to AI’s ability to mimic human voices. He expressed concern over outdated authentication methods, saying: “A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you…

London Stock Exchange Group is weighing whether to launch 24-hour trading as bourses race to extend access to stocks amid growing demand from small investors active outside normal business hours. One person has told the Financial Times that the group is “absolutely looking at it, whether it means 24-hour trading or extended trading,” adding that…

An oil refinery in Lincolnshire is to shut after the government said it was unable to find a buyer for it. The Official Receiver took over the Lindsey Oil Refinery last month after its owner Prax went into administration, putting 420 jobs at risk. Energy Minister Michael Shanks said: “no credible offers have been made…

Airbus, one of Europe’s leading defence firms, has cautioned that thousands of jobs in the UK could be jeopardised if the government awards a military satellite contract to an American competitor. The company has informed the Ministry of Defence (MoD) that losing the Skynet 6 satellite deal could endanger £10bn in potential exports. The MoD…