In a blog post sharing an email sent to employees, boss Jim Ryan called the move “sad news” and said it was “a difficult day at our company”.

The employees are set to be moved to Apple’s artificial intelligence (AI) division instead, according to Bloomberg News. 

Russia is becoming more dangerous, America is less reliable and Europe remains unprepared. The problem is simply put, but the scale of its solution is hard to comprehend.

The Financial Times has carried out an analysis of OECD data for its lead story, which finds that a global drop in house prices that hit advanced economies has “largely petered out”.

“We don’t think we should be implementing certain tax cuts now, essentially that are paid for by uncertain spending cuts that might never be delivered,” IFS deputy director Carl Emmerson said.

The front page of the London business paper CITY AM reports Britons are ditching business cards, leading to predictions that they will soon die out altogether.