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The Labour government plans to introduce mandatory digital ID cards. The proposal would require all UK workers to hold a digital ID, verified by employers at the point of hire. Ministers argue it will curb illegal work, while SMEs face both opportunities and challenges in compliance and implementation.
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Trump signs order approving TikTok US sale. The executive order values the new entity at $14 billion, delays enforcement of a ban until January, and sets conditions on algorithm oversight while ByteDance reduces its stake.
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UK fintech leader urges LSE and Nasdaq merger to boost market. Cleo’s founder highlights the need for political will to improve capital prospects, proposing a UK-US stock exchange merger as a solution to the UK’s finite capital challenges.
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China announces its first absolute emissions reduction target. President Xi Jinping reveals interim climate goals to cut greenhouse gas emissions by 7%-10% from peak levels by 2035, alongside ambitious targets for renewable energy capacity and non-fossil fuel consumption….
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Mars achieves full renewable energy use in European factories. The company has transitioned its European snacking factories to 100% renewable energy, marking a significant sustainability milestone. This follows investments in wind farms and renewable energy sources over the past decade….
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UK signs contracts for two carbon capture projects. The government has committed to two carbon capture and storage (CCS) projects, expected to capture 1.2 million metric tons of CO2 annually and create 500 skilled jobs, as part of a £9.4 billion funding pledge.
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TotalEnergies wins French offshore wind tender, RWE exits consortium. The project, located off Normandy’s coast, will supply renewable electricity to over 1 million households and represents a €4.5 billion investment. TotalEnergies plans to begin electricity production in 2033….
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Jaguar Land Rover’s cyber attack disrupts UK production significantly. The incident, affecting thousands, has halted operations at three UK sites since 1st September, impacting supply chains and local communities severely….
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Watershed launches AI tool to measure carbon footprints accurately. The new solution helps companies address challenges in assessing upstream emissions, which often constitute a significant portion of their carbon footprint, by providing accurate, quick, and actionable insights into product-level emissions….
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Pepper Advantage expands with UK acquisition. Global asset servicing group Pepper Advantage will acquire Computershare’s UK mortgage servicing business, lifting its UK assets under management to £50 billion. The deal, announced on 24 September and pending regulatory approval, underscores consolidation in mortgage servicing and a push for technology-driven scale.
