Global
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The parent company of Facebook, Instagram, and WhatsApp, Meta, has announced an agreement with clean energy firm XGS Energy to develop 150 megawatts of geothermal energy in New Mexico to support its data centre operations in the region. Based in California, XGS Energy specialises in heat-harvesting technology, facilitating access to affordable and carbon-free geothermal energy.…
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Chancellor Rachel Reeves is accused of underfunding Scotland, Wales and Northern Ireland after applying the Barnett formula to cover rising employer NICs, leaving multimillion-pound public sector gaps. Read more: Rachel Reeves accused of leaving devolved nations in the red after NICs rise
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The Women’s Super League will expand to 14 teams from the 2026-27 season, it was announced on Monday. The top flight of English women’s football will grow in size after the coming season, with two teams promoted from the second division into the Women’s Super League and the third-place team facing the WSL’s bottom side…
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The UK government has pledged £200 million to the Acorn carbon capture and storage (CCS) project in Scotland, marking the largest government funding commitment to date. This investment, confirmed in the Chancellor’s Spending Review, aims to propel the project toward a Final Investment Decision (FID) before the end of the current parliamentary term. “We welcome…
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A rise in business rates for more expensive properties is set to hammer valuable areas like London’s West End, a leading investment firm has warned. The policy, which aims to bring down business rates for small properties by raising them for large properties, has been slammed as “unlikely to save the high street” and likely…
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Quinbrook Infrastructure Partners, an investor concentrating on energy transition, has unveiled several new executive appointments, notably naming Brian Restall as its first-ever Global CEO. The firm also announced the appointments of Giulia Siccardo as Managing Director and Regional Leader for North America, and Kathryn Lin as Senior Director, spearheading Quinbrook’s digital infrastructure strategies. The company…
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BT boss Allison Kirkby signals more job losses could follow AI rollout.
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Nasdaq, the technology and exchange giant in capital markets, has announced the establishment of the Nasdaq Carbon Academy. This free educational platform aims to furnish individuals with the necessary skills to blend carbon dioxide removal (CDR) credits into businesses’ emissions mitigation strategies. As the demand for carbon offset initiatives and associated credits is projected to…
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The Science Based Targets initiative (SBTi) has unveiled its initial draft of the Automotive Sector Net-Zero Standard, designed to assist car manufacturers and auto parts suppliers in setting science-based net-zero goals in alignment with global climate change targets. Established in 2015, SBTi aims to make science-based environmental target setting a standard practice for businesses. The…
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The series of tax hikes introduced by Chancellor Rachel Reeves in her Autumn Budget last year has contributed to a spike in pubs going bust across the UK in April, according to new figures. A total of 67 pubs closed down during the month – the highest number since July 2024 when 75 entered insolvency…