Markets
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The UK’s unemployment rate has edged up to 4.7 percent. Fresh ONS data show a cooling jobs market, with shrinking payrolls and easing wage growth fuelling expectations of a Bank of England rate cut in August.
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Trump Media has filed two AI-related trademarks for Truth Social. The move comes as major tech and media platforms accelerate AI branding amid rising regulatory scrutiny and litigation over digital innovation.
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EU Ombudsman queries European Commission on procedural lapses. Ombudsman Teresa Anjinho seeks explanations from the European Commission for not following procedural steps in launching the “Omnibus” initiative, which aims to simplify corporate sustainability reporting….
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EU banks have made notable progress in climate risk management. European banks have significantly improved their practices for identifying and managing climate and nature-related risks, though further expansion across all risk categories is necessary, according to the ECB’s Frank Elderson….
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Schneider Electric unveils Zeigo Hub to aid supply chain decarbonisation. The new platform offers tools for supplier engagement, emissions tracking, and customised decarbonisation programs, addressing increasing demands from stakeholders for transparent and actionable supply chain emissions reporting….
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Amogy secures $23 million to expand clean fuel technology. The recent funding brings Amogy’s total to $80 million, strengthening its focus on ammonia-based solutions for maritime and power generation. The company targets expansion into Asia, with plans for a project in South Korea….
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Co-op has confirmed a cyber attack exposed member details in April. The retailer’s CEO says the breach, one of the largest in UK retail, compromised personal information but did not include financial data. Four suspects have been arrested as scrutiny grows over cybersecurity in retail.
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UK retains national electricity pricing, introduces strategic energy reforms. The government aims to modernise the electricity market, maintaining a unified pricing model while implementing reforms to enhance efficiency and fairness, reduce costs, and secure clean energy investments.
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Iberdrola announces €6.6 billion in sustainable finance transactions. Global energy provider Iberdrola has secured €4.1 billion for a UK wind farm and a €2.5 billion credit line linked to sustainability targets. The financing supports Iberdrola’s ongoing green investment strategy….
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WSP Global will acquire Ricardo for £363 million in cash. The deal gives shareholders a 28 percent premium and sharpens WSP’s focus on environmental and advisory growth as it targets further expansion in the UK and Europe.
