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Mirror publisher to cut 220 editorial jobs as readers turn to AI summaries
The Guardian·

Mirror publisher to cut 220 editorial jobs as readers turn to AI summaries

Reach, which also owns Express, makes decision because of ‘mammoth shift’ in how audiences seek out content The publisher of the Mirror and Express newspapers is to cut a further 220 editorial jobs as it adapts to a dramatic fall in online traffic while readers increasingly turn to summaries generated by artificial intelligence. Reach, which also owns scores of online brands and regional titles including the Manchester Evening News, the Birmingham Mail and the Liverpool Echo, said the latest cuts were necessary to cope with a “mammoth shift” in how audiences seek out content. Continue reading...

UK inflation rises to 3.1% as motor fuel prices jump by almost a quarter
The Guardian·

UK inflation rises to 3.1% as motor fuel prices jump by almost a quarter

Financial markets predict one-in-five chance of quarter-point rise in interest rates when Bank of England decides on Thursday Business live – latest updates UK inflation has returned above 3% as soaring fuel and transport prices triggered by the Iran war heap renewed pressure on British households. Figures from the Office for National Statistics show inflation as measured by the consumer prices index rose from 2.9% in July to 3.1% in August. The increase, which matched City forecasts, was driven by motor fuel prices rising by almost a quarter. Continue reading...