Markets
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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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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.
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EU postpones deforestation regulation amid IT system concerns. The European Commission plans to delay the EU Deforestation Regulation by a year due to inadequate IT infrastructure. Stakeholders face challenges as the regulation aims to curb deforestation-linked products in EU markets….
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Apple warns Brussels over digital laws. The company is pressing EU regulators to roll back the Digital Markets Act, warning that without changes it may halt shipments of products to the bloc. The move escalates a long-running clash over competition, privacy, and the future of digital ecosystems.
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BT’s CEO urges Chancellor against raising business costs further. Allison Kirkby warns that the telecoms industry already faces high government-imposed costs, urging stability in regulatory and fiscal policy to ensure returns on investment in critical infrastructure.
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Britain’s Co-op says cyberattack disruption cost it £80 million. The April incident led to £206 million in revenue losses, exposure of member data, and a sharp first-half swing to pre-tax loss as the company worked to contain the damage.
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Stegra partners with Microsoft to promote low-emission steel use. Swedish steel maker Stegra and Microsoft have announced two agreements to integrate near-zero emission steel into Microsoft’s datacenter operations, including a supply deal and an environmental attribute certificates system to support carbon reduction goals….