Business
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British manufacturers have urged the government to ensure that small and medium-sized businesses are major beneficiaries of the UK’s rising defence spending by embedding legally binding offset agreements in future military procurement contracts. Read more: UK manufacturers urge MoD to channel defence spending to SMEs through binding offset deals
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Small and medium-sized enterprises (SMEs) across the UK are showing remarkable resilience by prioritising employee welfare and environmental sustainability, despite mounting economic pressures, according to new research by Purbeck Insurance Services. Read more: UK SMEs show resilience by supporting staff and embracing sustainability
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Europe’s biggest lender has continued its pivot into private credit funds with a $4bn investment into its asset management arm. HSBC has used its asset management business to spearhead a transition into the booming $1.6tn private credit market. The firm said it will invest the new cash into its alternative credit funds, with the goal…
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Europe has the tools to lead in software — if it acts now.
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Sir Keir Starmer has defended not setting a precise date for when the UK will deliver its “ambition” to spend three per cent of GDP on defence. The Prime Minister is facing backlash after the government appeared to row back from an important target ahead of Monday’s strategic defence review announcement. Starmer told the BBC…
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The UK will build up to 12 new nuclear-powered attack submarines, it will be announced on Monday as the government unveils its strategic defence review. The 130-page document will conclude UK must prepare for conflict in Europe or the Atlantic and move to “war-fighting readiness” as a countermeasure to Russian aggression. But Sir Keir Starmer,…
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Elon Musk has resigned from his role in Donald Trump’s administration, concluding his leadership of the Department of Government Efficiency (DOGE). This initiative aimed at streamlining the federal government has been controversial, with its meme-inspired title frequently making waves and igniting substantial political discussions in Washington. The billionaire entrepreneur, who emerged as a notable figure…
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The Danish startup deepdots, founded by former Google engineers, has obtained a €5.5 million seed funding round led by Dawn Capital as companies across multiple industries increase their investments in artificial intelligence (AI) technologies to enhance customer service processes. The firm creates AI models designed to automate the gathering and assessment of customer input, enabling…
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Building at least six munitions and energetics factories will “better deter our adversaries”, defence secretary John Healey has said as part of plans for an “always on” weapons pipeline. The Government has pledged £1.5bn as part of the strategic defence review (SDR) to set up at least six factories, and will support the procurement of…
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UK steel braces for Wednesday tariff hit.