News
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T. Rowe Price and IFC launch blue economy bond strategy. The new fund aims to invest in sustainable water and ocean projects, catalysing the blue bond market with initial commitments exceeding $200 million from multiple investors, including Xylem and Builders Vision….
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EU court allows nuclear and gas in sustainable taxonomy. The EU’s General Court has ruled in favour of including nuclear energy and fossil gas in the EU Taxonomy, dismissing Austria’s objections. The court deemed these sectors can contribute to climate goals under specific conditions….
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HMRC loses £836m to tax loophole abuse, exceeding estimates. The practice of ‘phoenixing’ has significantly impacted HMRC’s ability to collect taxes, with losses reaching £836m in the 2022-23 tax year, surpassing previous estimates by 45 per cent.
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This week’s UK M&A activity spanned mining, housing, marketing, legal services, and reinsurance. From a $50 billion copper mega-merger to digital-first disruption of property law, the deals illustrate the UK’s role as a stage for global capital and strategic sector reshaping.
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GreenIT signs €370 million project financing agreement for renewables. The Italian joint venture will use these funds to develop new onshore renewable projects, aiming to reach one gigawatt of installed capacity by 2030. Completion is expected by 2028….
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LNER warns passengers after supplier breach exposes data. London North Eastern Railway (LNER) advises customers to stay alert following a cyber-attack on a third-party supplier, which revealed contact details and some journey history. No financial data or ticketing systems were compromised.
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US consumer prices rose at their fastest annual pace since January. The increase complicates the Federal Reserve’s upcoming decision on interest rates, as labour market indicators show weakness. Investors widely expect a rate cut next week, but rising inflation may limit the scale or speed of any adjustment.
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Oracle co-founder Larry Ellison surpasses Elon Musk in wealth. Oracle’s stock surged over 40%, increasing Ellison’s net worth by $101 billion, highlighting the immense wealth generated by the AI boom reshaping technology fortunes.
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The UK economy registered absolutely zero growth in July 2025. The stagnation follows a stronger June and leaves the government under pressure to deliver credible pro-growth measures in its November Budget. Inflation concerns and global headwinds continue to weigh on the outlook.
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SEC may reassess IFRS use due to ISSB formation. The SEC may review its rules on foreign companies using IFRS standards, following the establishment of the ISSB. Concerns include potential funding diversions and impacts on U.S. firms due to EU regulations….