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One in three SME loans now puts directors’ homes at risk. New data from Purbeck Insurance Services reveals a sharp rise in personal guarantee-backed borrowing among UK business owners, prompting fresh warnings over financial exposure and calls for government clarity ahead of the next fiscal statement.
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Companies must adopt diverse carbon credit strategies for net zero. A balanced carbon credit portfolio should include reductions and removals, adapting to new science and policy. Collaboration and expert guidance can enhance corporate climate strategies effectively….
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OpenAI secures $38 billion AWS deal for AI infrastructure. The agreement grants OpenAI access to extensive computing resources, marking a shift from Microsoft Azure and highlighting the fierce competition among cloud providers in the AI sector.
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Ryanair’s Michael O’Leary criticises UK tax policies harshly. O’Leary claims Labour’s tax strategies hinder economic growth, urging reversal of taxes on wealth and air travel. His comments come as Ryanair reports record profits, emphasising strong demand despite policy tensions.
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UK’s smallest exporters struggle as larger firms gain trade benefits. Only 16% of micro exporters reported growth in Q3, compared to 42% of larger firms. The British Chambers of Commerce calls for urgent government action to support smaller businesses in expanding overseas.
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GAIA Climate Loan Fund raises $600m for climate adaptation projects. The fund, co-founded by MUFG Bank, FinDev Canada, and Green Climate Fund, aims to improve climate resilience in vulnerable markets. Managed by Climate Fund Managers and supported by Pollination, it targets significant CO₂ emissions reduction and job creation….
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UK manufacturers urge government to prioritise growth in Budget. The sector faces significant pressures from high energy costs and tariff uncertainties, despite a slight recovery. Industry bodies call for no further national insurance hikes and support for green technology investments.
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Crusoe and Blue Energy partner to develop nuclear data centre. The 1.5 GW campus in South Texas will initially use gas-based power, transitioning to nuclear by 2031. The project aims to deliver cost-effective, zero-emissions energy with reduced construction timelines….
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Heineken, EDP, and Rondo Energy announce a renewable energy partnership. The agreement involves installing a heat battery powered by renewable energy at Heineken’s Vialonga Brewery in Lisbon, aiming to decarbonise operations and reduce reliance on fossil fuels….
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Iberdrola raises €1 billion in hybrid green bond offering. The bond, issued under the new European Green Bond standard, attracted over €8 billion in orders, enabling Iberdrola to issue beyond initial expectations and secure a 3.75% coupon….
