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Central banks now hold more gold than euros in the face of global trade tensions and volatile markets, according to a report produced by the European Central Bank (ECB), making it the world’s second largest reserve asset after the US dollar. Purchases of gold were twice as high in 2024 as the average seen over…
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A high-stakes legal battle begins at the High Court today as the UK government seeks to recover £122 million from PPE Medpro, a company awarded Covid-era contracts following a recommendation from Conservative peer Michelle Mone. Read more: Michelle Mone-linked PPE firm faces £122m high court battle with government
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Salesforce cautions that the UK may fall short of its economic growth objectives unless it significantly enhances investment in workforce skills to adapt to the swift evolution of AI technologies. This alert comes in light of the ambitious initiatives announced by the UK government and major technology companies aimed at bolstering the country’s capabilities in…
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The UK government has pledged £14.2bn for Sizewell C nuclear plant, promising future energy savings and jobs. But critics warn of soaring costs, delays, and an unclear path to completion. Read more: Sizewell C secures £14.2bn state boost – but energy savings won’t come for a decade
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The Club World Cup begins this weekend and Atlanta Falcons and their epic Mercedes-Benz Stadium are ready to shine. Starting on Saturday night in the US, two of 32 competitors will lift the curtain on the expanded Club World Cup. Fifa president Gianni Infantino has proclaimed the competition the pinnacle of club football but there…
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AstraZeneca has revealed a significant overhaul of its manufacturing and supply operations, propelled by state-of-the-art technology and artificial intelligence, at [London Tech Week](https://londontechweek.com). The pharmaceutical firm aspires to establish a ‘self-healing’ supply chain, which it intends to rank among the top 10 most innovative and sustainable supply chains globally by 2030. Nevertheless, despite this ambitious…
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The UK Government has officially approved the Sizewell C nuclear power plant, marking the first majority British-owned nuclear facility announcement in over 30 years. The Chancellor will announce £14.2 billion in funding at the GMB Congress, adding to the £3.6 billion already invested, bringing the total government investment to £17.8 billion. Sizewell C is a…
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Sir Stelios Haji-Ioannou has awarded £300,000 to three disabled entrepreneurs in the 2024 Stelios Awards, recognising inspirational leaders in care, baking, and logistics.
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The FTSE 100 stormed towards a record high on Tuesday morning after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up as high as 0.5 per cent in early trading hitting 8,875.73p putting it on track to surpass March’s record close of 8,871.31p. …
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Sir Keir Starmer is likely addressing the tech industry’s hopes with his major commitment at London Tech Week to instruct one million students in AI. Yet, new information reveals a pronounced existing regional disparity. London is rapidly surpassing other parts of the UK in generating AI job opportunities, investment, and education. This prompts concerns that,…