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Upright launches AI tool for sustainability due diligence. Upright has introduced a new AI-powered tool to help investors assess company sustainability, risks, and opportunities using a simple company URL. The tool addresses gaps in traditional methods by focusing on external value chain factors….
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UK gas prices nearly double amid US-Iran tensions. Wholesale gas prices in the UK surged by 93% this week due to escalating US-Iran conflict, potentially increasing inflation and affecting household energy bills.
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Banks expand automation and resilience through new BMC mainframe tools. Financial institutions including Atruvia, NRB, and LINE Bank Taiwan are modernising core systems using BMC software to automate workflows, improve resilience, and streamline development, reflecting a broader industry push to modernise mainframe infrastructure while meeting regulatory and operational demands.
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New IBM Threat Intelligence report highlights AI-assisted attacks on corporate networks. The report observes a 44% rise in assaults launched by breaching internet-facing infrastructures, including public websites and online services.
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UK service sector profitability declines for seventeenth quarter. Businesses report continued pressure from rising costs with little improvement expected. Consumer-facing firms experience greater challenges, prompting staff reductions amid higher employment costs.
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Gucci faces backlash for using AI images at Milan show. The Italian luxury brand’s use of AI-generated visuals for Milan fashion week has sparked criticism over concerns about its impact on craftsmanship and heritage.
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Basware is expanding InvoiceAI with agentic tools for accounts payable. The company says new agents in its invoice lifecycle management platform will automate supplier disputes and help AP teams resolve payment queries, as finance leaders report rising pressure to show measurable AI returns.
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WiseTech will cut 2,000 jobs as AI reshapes operations globally. The Australian logistics software group says roles will go over FY26 and FY27, with product and development and customer service teams reduced by up to 50%. The plan follows an earnings update and an accelerated AI transformation programme.
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UK data watchdog fines Reddit £14.47m for data failings. The ICO found the platform lacked robust age assurance mechanisms and a lawful basis for processing data of children under 13, highlighting a need for stricter age verification measures.
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Meta agrees multi-billion-dollar deal for AMD AI computing power. Meta has committed to a significant investment in AMD’s AI computing capabilities, potentially acquiring a 10% stake in the chipmaker. The agreement highlights Meta’s ambitious AI infrastructure expansion plans.
