Alphabet to raise $80bn from share sales to fund AI spending splurge

Rolling coverage of the latest economic and financial news Anthropic confidentially files for initial public offering on US stock market Youth unemployment in the UK is set to hit almost 18% next year, as the rollout of AI systems destroys some entry level jobs. The British Chambers of Commerce has predicted that the UK’s youth unemployment rate will rise to 16.9% this year, up from 16.1% in the last quarter of 2025, and then hit 17.88% in 2027. Youth unemployment remains an area of concern as labour costs and AI erode entry level jobs.