Markets
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UK consumer confidence fell again in September amid tax fears. The GfK index dropped to -19, down from August’s -17, as all five survey measures weakened and expectations for the economy deteriorated sharply compared with mid-2024 levels.
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Suma Capital raises €210 million for industrial decarbonisation ventures. The fund, exceeding its €150 million target, supports companies advancing Europe’s energy transition through low-carbon technologies. Backed by diverse investors, it aims to drive significant environmental and competitive impact….
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Australia sets ambitious climate target for 2035 emissions reduction. The government aims to cut greenhouse gas emissions by 62% to 70% from 2005 levels, alongside $8 billion in climate investments. The strategy includes clean energy, decarbonisation, and EV infrastructure….
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Microsoft secures $6 billion AI deal with Nscale and Aker. The agreement focuses on building a renewable energy-powered AI infrastructure in Northern Norway to meet Europe’s growing demand for sustainable AI computing. This initiative aligns with Microsoft’s ongoing sustainability goals….
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Mercedes-Benz and UKA to install a wind farm in Germany. The 140 MW project will supply 20% of Mercedes-Benz’s electricity needs, supporting its sustainability goals to reduce CO2 emissions and increase renewable energy use by 2030….
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Galvanize launches a new $1.3 billion investment strategy. The firm’s Credit and Capital Solutions strategy aims to provide flexible financing for the energy transition value chain, focusing on renewable energy, grid solutions, and electrification across the U.S., Canada, and Europe….
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Roche has agreed to acquire 89bio for up to $3.5bn. The deal gives the Swiss drugmaker access to 89bio’s late-stage FGF21 therapy pegozafermin, positioning Roche to expand in liver disease and cardiometabolic treatments. The agreement includes cash and contingent value rights tied to future milestones.
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Oneworld alliance launches a sustainable aviation fuel venture fund. Oneworld has partnered with Breakthrough Energy Ventures to introduce a $150 million fund aimed at increasing sustainable aviation fuel availability and reducing costs, with notable backing from Alaska Airlines and American Airlines….
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One in four organisations faced AI data poisoning this year. IO’s latest State of Information Security Report reveals how rushed adoption and shadow AI are exposing companies to sabotage, fraud, and compliance risks across the UK and US.
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Sustainability regains importance for CEOs, linking it to business value. A Bain & Company survey reveals increased focus on sustainability among corporate leaders, with businesses prioritising sustainable practices due to consumer and B2B buyer demand, despite less frequent discourse on the topic….