THE MOAT

The business of the world.

THE MOAT Daily with the world's top business stories. Subscribe

THE MOAT as it stood at 22 October 2026, 12:17 Brussels time · Archive · Today’s page

Barclays to cut 5,000 jobs as bank’s bosses hail AI productivity advances

The Guardian /

Also: Bloomberg Barclays to Cut 5,000 Jobs as AI Starts to Create Efficiency, BBC Barclays cutting 5,000 jobs as it increases reliance on AI, Financial Times Barclays to cut 5,000 jobs as bank steps up AI adoption

In other languages: Handelsblatt Künstliche Intelligenz: Nach KI-Investitionen: Großbank Barclays streicht 5.000 Jobs (de), Dagens industri Barclays säger upp 5.000 anställda – ersätts med AI (sv), Expansión Barclays recortará 5.000 empleos por el uso de la IA y otras tecnologías (es), Neue Zürcher Zeitung MELDUNGEN WIRTSCHAFT - Just Eat stellt Geschäftsmodell um und baut Stellen ab +++ Grossbank Barclays streicht nach KI-Investitionen 5000 Stellen (de) · see all

  1. Oil tops $110 as Houthi drone strike near Saudi Shaybah field rattles markets

    Jennifer Gnana / The National /

    Also: The Guardian Some US diplomats told to leave Saudi Arabia amid Houthi attacks, Financial Times US orders some personnel to leave Saudi Arabia after Houthi attacks, Bloomberg US Orders Some Diplomats Out of Saudi Arabia Amid Houthi Attacks

    In other languages: Handelsblatt +++ Iran-Krieg +++: Huthi greifen erneut Saudi-Arabien an – USA ziehen Diplomaten aus dem Land ab (de)

  2. Flaw in PHP computer language leads to shutdown of websites around world

    Robert Booth and Aisha Down / The Guardian /

    Also: MercoPress Global alert over two critical PHP flaws forces government websites offline, Daily Maverick Government websites go dark after AI-discovered flaw sparks security scramble, BBC What is PHP and why did it spark a global cyber-security scramble?, POLITICO Europe Hackers launch ‘millions’ of attempts to exploit global PHP cyber flaw · see all

    In other languages: Handelsblatt Cyberkriminalität: „Rennen gegen die Zeit“: Gravierende Sicherheitslücke bedroht weltweit Webseiten (de), Diario Financiero Sitios gubernamentales en Europa quedan fuera de servicio tras detectar vulnerabilidades en el lenguaje de programación más usando en el mundo (es), Rzeczpospolita Miliony stron internetowych zagrożone, rządy wyłączają serwisy. Luki pomogła wykryć AI (pl), Expansión Qué es PHP y por qué un fallo descubierto por IA ha disparado las alarmas en Internet (es), NRC Veel websites weer online na PHP-lek, cyberveiligheidscentrum ziet nog steeds geen ‘actief misbruik’ (nl), Frankfurter Allgemeine Internetseiten offline: Was hinter den PHP-Schwachstellen steckt und was nun jeder tun muss (de) · see all

  3. Meta to Pay Historic $25 Billion in New Mexico Deception Case

    Isaiah Poritz / Bloomberg /

    Also: The Guardian Meta ordered to pay $25bn to New Mexico in Cambridge Analytica data-privacy case, The Japan Times Meta ordered to pay $25 billion penalty to New Mexico in data privacy case, BBC Meta fined $25bn for 'lies' over user data privacy

    In other languages: Svenska Dagbladet Meta döms – ska betala nära 250 miljarder (sv), Handelsblatt Datenschutz: US-Richter verurteilt Facebook-Mutter Meta zu 25 Mrd Dollar Strafe (de), Frankfurter Allgemeine Datenskandal: Meta soll 25 Milliarden Dollar Strafe zahlen (de), El País Multa histórica para Meta: pagará 25.000 millones de dólares en Nuevo México por las malas prácticas de Facebook (es), Het Financieele Dagblad Meta krijgt boete van $25 mrd in New Mexico (nl), Jornal de Negócios Meta condenada a pagar multa de 25 mil milhões de dólares no Novo México (pt), Valor Econômico ‘Big tech’ de Zuckerberg é condenada a pagar US$ 25 bi (pt), Neue Zürcher Zeitung Gericht verurteilt Meta in New Mexico zu Milliardenstrafe (de), Süddeutsche Zeitung Urteil: Meta soll Milliarden wegen Cambridge Analytica zahlen (de), NRC Megaboete van 25 miljard dollar voor Meta om Cambridge Analytica-schandaal (nl), Expansión EEUU impone una multa histórica de 25.000 millones de dólares a Meta (es), Aftenposten Meta dømt til å betale bot på 25 milliarder dollar (no), The Korea Economic Daily (Hankyung) 美 경제학자 75% "연말 국채금리 5% 이상"…고금리 장기화 경고 (ko), Rzeczpospolita Afera Cambridge Analytica wraca. Meta ma zapłacić 25 mld dolarów kary (pl) · see all

  4. Elon Musk Says SpaceX and Tesla Are Exploring a Merger

    Ryan Mac and Jack Ewing / The New York Times /

    Also: Semafor SpaceX and Tesla mega-merger under discussion, Financial Times What Elon Musk stands to gain from a Tesla-SpaceX merger, Bloomberg SpaceX, Tesla Boards Study Possible $3.5 Trillion Merger, The Guardian Tesla and SpaceX explore merger as Elon Musk gives backing, BBC Why is Elon Musk plotting a mega-merger of SpaceX and Tesla?, France 24 Musk talks up potential merger of SpaceX and Tesla · see all

    In other languages: Cinco Días Las claves: el cerebro de SpaceX, el cuerpo de Tesla y el control de Musk (es), Valor Econômico Fusão de SpaceX e Tesla, a nova aposta de Musk (pt), Het Financieele Dagblad Elon Musk wil grootste fusie ooit met SpaceX en Tesla (nl)

  5. Iran's IRGC says it hit four ships in the Gulf as three more strike mines

    bne IntelliNews /

  6. SoftBank Market Value Halves From Peak as AI Fears Grow

    Momoka Yokoyama / Bloomberg /

    Also: The Japan Times SoftBank market value halves from peak as AI fears grow

  7. Big Tech’s thirst for water is sparking a global resistance

    Paris Marx / Rest of World /

  8. France’s borrowing costs reach 24-year high as riots deepen budget worries

    Xiaofei Xu / South China Morning Post /

    Also: The Guardian French borrowing costs overtake US amid budget turmoil

  9. Europe’s bracing reality on US bond yields

    Financial Times /

  10. Iran threatens US data centres and global internet cables if war resumes

    bne IntelliNews /

  11. Ukraine to gain access to NATO procurement system for weapons, ammunition, Financial Times says

    Polina Moroziuk / The Kyiv Independent /

  12. World’s largest wealth fund posts $30bn loss as rising rates hit bonds

    Euronews /

  13. AI compute is the new oil—and needs a new market

    The Economist /

  14. Ballot Rejections Soared in Rural Counties After USPS Reduced Mail Service

    Ken B. Morales / ProPublica /

  15. US and Israel develop plans to attack Iran after the midterms

    Macarena Vidal Liy / El País /

  16. French Bond Stress Deepens as Crisis-Era Caution Creeps Back

    Alice Atkins and Alice Gledhill / Bloomberg /

  17. Nigeria’s Dangote outlines African fuel distribution network under $50bn investment plan

    Brian Kenety / bne IntelliNews /

  18. IMF forecasts 4.8% Gulf economic contraction in 2026 as Iran war hits energy exports

    Aarti Nagraj / The National /

  19. Taiwan probes organised crime links to China’s ‘transnational repression’

    Daily Maverick /

  20. Russian attacks kill at least 9, injure 57 across Ukraine as Kyiv hit by mass missile, drone attack

    Polina Moroziuk / The Kyiv Independent /

  21. Experts alarmed by ‘less transparent’ CDC as US measles deaths rise

    Melody Schreiber / The Guardian /

  22. Employers Shift Rising Health Care Costs Onto Millions of Workers

    Reed Abelson / The New York Times /

  23. China-Europe rail and India’s long road to Eurasia

    The Economic Times /

  24. China targets offshore trusts in widening push for taxes

    Brian Rhoads and Raymond Ma / South China Morning Post /

Earlier today

  1. US orders departure of diplomats from Saudi Arabia amid Houthi strikes

    Al-Monitor /

  2. Meta tops Big Tech lobbying as AI labs talk antitrust

    Ashley Gold / Semafor /

  3. French government 10-year bond yield tops 5% for first time since 2002

    Euronews /

  4. Meta plans nonvoting shares, eyeing more stock sales to fund its AI dreams

    Liz Hoffman / Semafor /

  5. Witkoff Arrives in St. Petersburg for Putin Talks as US and Ukraine Agree on Peace Proposals

    Kyiv Post /