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Airwallex has raised $330 million at an $8 billion valuation. The company will establish San Francisco as a dual global headquarters to accelerate its U.S. growth and AI expansion. The move follows a 30% valuation rise and marks a major milestone in its global financial technology strategy.
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Meta and NextEra Energy announce major clean energy agreements. Meta has committed to purchasing 2.3 GW of solar power and 165 MW of energy storage from new projects in the U.S., aiming to enhance energy infrastructure and support its data centre operations.
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Revolut Business has opened the waitlist for Titan. Designed for modern, high-growth teams, the ultra-premium Visa-powered card offers travel, lifestyle, and productivity benefits within a single spend management platform. It launches for UK businesses early next year.
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The UK government has announced a £725 million overhaul of apprenticeships. Training costs for SMEs will be fully covered, but some business leaders say wage and productivity burdens still make apprenticeships unaffordable for many.
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Pharmacy2U becomes the UK’s only online pharmacy to hold B Corp status. The certification recognises the Leeds-based company’s social and environmental commitments and strong performance in customer wellbeing, employee engagement, and governance.
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Magnum Ice Cream’s IPO valuation falls short of expectations. The company’s stock market debut was affected by a longstanding dispute with Ben & Jerry’s founders and a shift in index-tracking fund strategies, resulting in a €7.8bn valuation.
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More than 100 UK lawmakers have urged tighter AI regulation. The cross-party group, backed by Control AI and high-profile figures, warns that unrestrained artificial intelligence could rival nuclear arms in its threat potential, calling on the government to introduce enforceable safeguards against corporate acceleration.
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London permanent hires dropped for the eighth month in November. Economic uncertainty and reduced vacancies continue to impact London’s job market, with increased candidate availability driven by redundancies and fewer contracts. Temporary staff demand also weakened, despite a slight rise in billings.
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Airbus to save 2,750 UK jobs with Boeing deal. Airbus will soon announce plans to secure 2,750 jobs in the UK by taking over roles in Belfast and Prestwick from Boeing’s acquisition of Spirit AeroSystems.
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London-based DataSapien launches open beta for its Device-Native AI platform. The marketplace shifts intelligence from the cloud to local devices, aiming to address a $109 billion shortfall in enterprise AI returns.
