Global
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Frasers Group secures £3.5bn financing for growth and acquisitions. The new package replaces existing loans, enhancing Frasers’ financial strength for future expansion. The facility underscores banking support for its strategy, positioning it well for market opportunities.
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Inflation in the euro area rose to 2% in June. The European Central Bank’s preferred gauge returned to target, led by persistent service-sector pressure even as energy prices fell again.
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GRI releases draft standards for labour issue reporting. The Global Reporting Initiative (GRI) has unveiled draft standards for disclosing labour issues, including combating discrimination and protecting workers’ rights. These standards aim to enhance transparency and accountability in organisational strategies and operations….
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Allianz Commercial launches platform to tackle climate risk challenges. The Climate Adaptation & Resilience Services (CAReS) platform aids businesses in identifying and mitigating climate risks, offering tools for risk assessment and consultancy services to manage potential threats effectively….
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Terra CO2 raises $124.5 million to expand low-carbon cement. The funding will support the company’s commercial facility development, team growth, and advancement of sustainable cementitious products, aiming to significantly reduce carbon emissions in the construction industry….
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Santander UK acquires TSB in a £2.9bn landmark deal. The acquisition will expand Santander’s market share, adding five million customers and £69bn in assets. The deal, expected to close in early 2026, awaits regulatory approval.
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AstraZeneca chief hints at US move, intensifying pressure on UK markets. The FTSE 100’s largest company may relocate its primary stock listing to New York, as its CEO signals strategic realignment.
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SP Energy Networks invests £1.4bn in Scotland’s energy infrastructure. The initiative is part of a £5.4bn programme boosting UK supply chains and green jobs, enhancing energy security and economic growth through strategic partnerships with predominantly UK-based suppliers.
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Canada suspends its digital services tax to revive US talks. The tax aimed at US tech giants faced criticism from President Trump, who halted negotiations and threatened tariffs. Talks are set to resume, targeting a new trade deal by 21 July.
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UK introduces new steel safeguard measures from July 2025. The UK government has announced strengthened steel import safeguards, reducing quota liberalisation and implementing caps to protect domestic producers from redirected foreign imports in response to US tariffs.