News
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NYT reporter John Carreyrou sues AI developers over data use
John Carreyrou files a federal lawsuit against six AI developers. The complaint alleges the companies used copyrighted books, including his own work, without consent to train their chatbots — opening a new front in the industry’s deepening legal battle over training data.
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SSEN Transmission secures £1bn green loan
SSEN Transmission secures £1bn loan for Scottish grid upgrades. The £1bn green loan, backed by an £800m UK National Wealth Fund guarantee, will finance four major transmission projects in northern Scotland, supporting 3,400 jobs and enhancing energy security.
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Tech hiring to rise despite weak UK jobs
Demand for IT professionals rises despite UK labour market concerns. Over half of UK businesses plan to expand their IT teams, highlighting digital skills’ importance as unemployment rises. Cybersecurity roles face critical shortages, stressing the need for skilled professionals.
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Business confidence rises after Budget, says Lloyds
Business confidence rose slightly at the end of 2025. Lloyds Banking Group’s survey indicated a modest increase in business confidence after the Autumn Budget, despite earlier concerns over potential tax hikes. Optimism reached a four-month high.
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Leonardo may exit UK helicopter industry
Leonardo warns of potential UK helicopter factory closure. The Italian defence group may shut its Yeovil site if it fails to secure a £1 billion Ministry of Defence contract, jeopardising the future of Britain’s last remaining helicopter manufacturing facility.
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China holds lending rates steady for seventh consecutive month
China keeps its lending rates unchanged for the seventh month. The People’s Bank of China held the one-year Loan Prime Rate at 3.00 per cent and the five-year at 3.50 per cent, signalling a preference for policy stability amid a fragile economic recovery.
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Gold and silver hit record highs amid rate-cut bets
Gold and silver broke all-time records on Monday as investors priced in 2026 rate cuts, capping a historic year for precious metals amid slowing global growth and renewed safe-haven demand.
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UK economy grows just 0.1% in third quarter, ONS confirms
UK GDP rose by just 0.1% in the third quarter. Growth was marginal and unchanged from earlier estimates, underscoring a slowing economy as the year closes. Services and construction made small gains, but production fell and household spending remained weak across most regions.
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Canada plans sustainable investment taxonomy for 2026
Canada appoints institute to develop sustainable investment taxonomy. The Canadian government has tasked the Canadian Climate Institute with creating a taxonomy for green and transition investments, expected to be released by 2026, to guide companies and investors in sustainable finance.
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Google funnels an additional $1bn into its UK branch
Google has committed an additional $1 billion to its UK data centre arm. The £775 million injection, filed with Companies House, strengthens its Waltham Cross operations — the company’s first wholly owned UK data centre. The investment underscores Google’s £5 billion UK growth pledge and ongoing expansion of AI infrastructure.