Markets
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Alternative asset and private equity investor KKR has announced an agreement to acquire the Australia-based independent power producer (IPP), Zenith Energy. Established in 2006, Zenith ranks among Australia’s largest IPPs, specialising in sustainable and reliable hybrid power solutions for remote, off-grid resource sector clients, as well as urban microgrids for commercial, industrial, and residential areas.…
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Ian Corfield’s appointment reignites debate over political favouritism.
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The French Senate has unanimously approved legislation aimed at mitigating the environmental impact of the fast fashion industry. The bill is part of a wider international movement by investors, companies, and governments to tackle the escalating environmental footprint of textile production and consumption, which accounts for 10% of global greenhouse gas emissions, surpassing those from…
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Tariff truce brings clarity for cars — but steel still hangs in the balance.
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Restaurateur Richard Caring says a letter demanding a mandatory 2.5 per cent reduction as a result of the ‘current increased cost of trading’ was sent in error Read more: Ivy owner apologises for demanding discounts from suppliers
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Cricket’s governing body the ICC and its 12 members – including England – have launched an expression of interest to develop a mobile game. The ICC hopes to use a cricket version of Fifa to change the way fans engage with the sport, encouraging a new form of fandom. The process is set to see…
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New business rates reforms will hit Britain’s largest retailers with a £600m tax rise from April 2026, with London’s West End and supermarkets hardest affected, according to Colliers. Read more: Retail giants ‘face £600m bill’ as new business rates bite
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After a successful week of WTA tennis at Queen’s, WTA Ventures chief Marina Storti discusses the state of the sport, its private equity partner CVC Capital Partners and a potential merger with the ATP. When 37-year-old Tatjana Maria upset the odds to win the HSBC Championships in front of 9,000 fans on Sunday, she became…
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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