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The company behind crisps brand Seabrook has warned Chancellor Rachel Reeves’ Autumn Budget tax hikes will have an impact on its bottom line this year. The Cheshire-based UK arm of Japanese giant Calbee pointed to the increase in the National Living Wage and employers’ National Insurance contributions, which came into affect in April, as key…
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FedEx has announced its first major deployment of sustainable aviation fuel (SAF) in the United States with the purchase of over three million gallons of blended SAF from Finland-based producer Neste. The fuel, blended with at least 30% neat SAF, will support FedEx’s cargo flight operations from Los Angeles International Airport (LAX) over the next…
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New SVB report reveals AI startups dominate venture funding, but warns of ‘zombiecorns’—overfunded companies with weak growth and poor unit economics. Read more: AI cash boom masks rise of ‘zombiecorns’ as funding gaps widen in startup ecosystem
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Jensen Huang warns that restrictions have backfired, accelerating Chinese innovation and costing US firms billions.
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Inflation bounced back up to 3.5 per cent in April, official data has revealed, underlining the cost burden firms are taking on after Chancellor Reeves’ tax hikes on employers and rise to the national living wage came into effect. Consumer price inflation rose by 1.2 per cent on a month-on-month basis, higher than the last…
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Neot Capital, a finance and investment firm focused on low-carbon mobility, has announced the launch of Neot e-motion, a new leasing platform dedicated to accelerating zero-emission transport deployment across Europe. The initiative is backed by €350 million (approximately USD $394 million) in equity commitments from a consortium of investors, including infrastructure specialist Alba Infra Partners,…
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Alternative asset manager Patria Investments has unveiled Omnia, a new platform dedicated to developing, constructing and operating large-scale data centres across Latin America, powered entirely by green, renewable energy. The initiative aims to support the growing demand for high-performance computing infrastructure while aligning with environmental sustainability goals. Omnia is set to concentrate initially on campus-scale…
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UK banks are calling for branch staff to be included in new laws protecting retail workers from assault, citing over 10,000 incidents of abuse last year. Read more: Banks demand equal protection for staff as retail worker assault law moves forward
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Uber Boats by Thames Clippers has secured £59m in funding from Natwest and Santander after experiencing a surge in passenger numbers since the Covid-19 pandemic. The London river transport provider said the joint funding package would support plans for new vessels, pier upgrades and improvements to dry docking facilities. “It’s vital that we have funding…
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Research from The Frameworks finds that businesses with an imagination-led culture see higher revenue growth and greater resilience.