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Barclays partners with UNDO for carbon removal initiative. Barclays has signed its first carbon removal agreement with UNDO to eliminate over 6,500 tonnes of CO2. This collaboration employs enhanced rock weathering technology to accelerate CO2 removal, contributing to Barclays’ net-zero goals….
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Daniel Ek is stepping down as Spotify CEO. From January 2026, co-presidents Gustav Söderström and Alex Norström will serve as co-chief executives, while Ek becomes executive chairman focused on strategy and long-term priorities. Spotify shares fell after the announcement as investors assessed the leadership shift.
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London’s global financial hub status declines in IPO ranking. London raised just £184m in IPOs this year, trailing behind other European markets. A shift towards US listings by UK firms exacerbates the issue.
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HSBC warns of compromised identity documents after data breach. The bank reassured customers that its systems remain unaffected, urging vigilance against potential fraud. Affected individuals receive a complimentary Experian Identity Plus subscription and can access a dedicated helpline until 8 October 2025.
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Tax hikes and wage pressures threaten UK jobs with automation. Rising costs are prompting UK firms to consider automation and offshoring, according to Hays. The financial strain, exacerbated by tax increases, is impacting the jobs market significantly.
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EU climate goals progress despite risks to competitiveness. The EU has reduced greenhouse gas emissions significantly since 1990, achieving a 37% reduction while facing growing competitive risks from climate change and environmental degradation, according to the European Environment Agency’s latest report….
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Microsoft invests in green cement maker Fortera to reduce emissions. Cement production significantly contributes to global emissions. Microsoft’s investment in Fortera supports its sustainable materials strategy, targeting the carbon footprint of its datacenters while helping advance low-carbon building materials….
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The SBTi Academy aims to improve climate target-setting skills. The Science Based Targets initiative launched a new platform and certification to enhance professionals’ abilities to set and implement science-based climate targets, addressing the growing demand for sustainability skills globally….
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UK businesses face mounting cyber risk as AI bots surge. DataDome’s 2025 Global Bot Security Report finds only 1.77% of UK domains are fully protected against automated threats, well below Europe’s 2.52% average and the global figure of 2.8%. Experts warn systemic issues are leaving companies exposed.
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Norges Bank commits $1.5 billion to Brookfield energy fund. Norges Bank Investment Management has partnered with Brookfield Asset Management, investing in the Brookfield Global Transition Fund II to support renewable energy projects and advance the transition to low-carbon solutions globally….