Markets
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Huawei has unveiled its first full roadmap for chips. The Chinese technology group outlined upgrades to its Ascend processors and Atlas supercomputers, aiming to cut reliance on foreign suppliers and challenge Nvidia’s AI dominance. The plans extend to 2028 but face significant production hurdles.
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Apax Global Alpha taken private in €916.5m deal. The London-listed trust has been acquired by Janus Bidco Limited, backed by Apax Partners and Ares Management, with shareholders to receive €1.90 per share in cash as the company delists from the London Stock Exchange.
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The Federal Reserve cut rates by a quarter point. The move, its first reduction since December 2024, reflects growing concern about a cooling labour market. Policymakers signalled at least two more cuts this year, while a dissent from Governor Stephen Miran underscored political tension within the central bank.
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The Bank of England is set to slow quantitative tightening. Policymakers are expected to cut gilt sales from £100 billion to £67.5 billion a year, leaving rates unchanged at 4 per cent as they balance inflation control with concerns over bond market volatility.
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Texas Attorney General Ken Paxton investigates proxy advisory firms. The investigation targets Glass Lewis and Institutional Shareholder Services (ISS) for allegedly misleading investors on DEI and sustainability policies. This follows a court ruling blocking a Texas law concerning ESG advice….
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Singapore to purchase over 2 million tonnes of carbon credits. The credits, sourced from projects in Ghana, Peru, and Paraguay, support the nation’s 2050 net zero target. The initiative aligns with the Paris Agreement’s Article 6 on carbon markets….
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Google partners with Vaulted Deep to combat atmospheric carbon. Google collaborates with Vaulted Deep to remove carbon and establish a methodology for measuring methane emissions reductions, aiming to enhance environmental sustainability and tackle climate change challenges….
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Lloyds Banking Group has signed a new multi-year deal with Broadcom. The agreement expands its use of VMware Cloud Foundation and mainframe software to modernise private cloud and strengthen digital banking services for millions of customers.
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Sympower secures €19 million to expand energy flexibility services. The investment from PGGM will accelerate Sympower’s growth across Europe, enhancing battery storage solutions and supporting mergers and acquisitions to bolster the continent’s clean energy transition….
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Britain sees 84 new companies launched every hour in 2025. More than 363,000 businesses were registered from January to June 2025, despite a 21% decline from the previous year. Reforms and low SME confidence contributed to the decrease.