News
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Meta launches ChatGPT rival app ahead of key earnings report
Meta has launched its first standalone AI app in a direct challenge to OpenAI’s ChatGPT.
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Kering launches new water sustainability strategy
Luxury fashion conglomerate Kering has unveiled a comprehensive “Water Positive Strategy” designed to reduce water-related risks across its supply chain and contribute to a net positive water impact by 2050. The company, whose portfolio includes high-end labels such as Gucci, Saint Laurent, Bottega Veneta, and Balenciaga, aims to deliver measurable improvements in the availability and…
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Vinted unveils a venture capital division focused on UK start-ups
Vinted, the online resale platform founded in Lithuania, has introduced its own venture capital division in a strategic move that could redefine the UK’s rapidly growing re-commerce sector. Named Vinted Ventures, the new fund will focus on growth-stage startups throughout Europe, including the UK, with investment plans set between €500,000 (£425,000) and €10m (£8.5m). The…
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3CLogic announces new voice AI hub to streamline deployment of virtual agents
3CLogic has announced the release of its new Voice AI Hub.
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Hardware-in-the-loop market worth $1,784.4 million by 2030
The global hardware-in-the-loop market is projected to expand over the next five years, growing from an estimated US$1.1 billion (£885 million) in 2025.
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Treasury considers extending sugar tax to include milkshakes
The UK government proposes extending the sugar tax to milk-based drinks like milkshakes.
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Labour’s benefit cuts could cost UK economy billions, warns Trussell Trust
Labour’s benefit cuts risk costing the UK economy over £38bn a year, says the Trussell Trust, as rising poverty places further pressure on public services and economic growth. Read more: Labour’s benefit cuts could cost UK economy billions, warns Trussell Trust
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UK supermarkets spend hundreds of millions on promotions as grocery price war heats up
UK supermarkets ramp up promotions, spending £347m on deals to stay competitive as grocery inflation rises to 3.8%, according to Kantar’s latest market report. Read more: UK supermarkets spend hundreds of millions on promotions as grocery price war intensifies
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Eni and UK government move forward with Liverpool Bay carbon storage network
Italian energy company Eni and the UK Government have reached financial close on the Liverpool Bay Carbon Capture and Storage (CCS) project, paving the way for full-scale construction to begin in 2025. The project, which lies at the heart of the HyNet industrial decarbonisation cluster in North West England and North Wales, is a key…
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UK launches integrity principles to strengthen carbon and nature credit markets
The UK government has unveiled a set of six proposed “integrity principles” aimed at strengthening the credibility and effectiveness of carbon and nature credit markets. The initiative, now open for public consultation until 10 July 2025, is part of a broader strategy to position the UK as a global leader in green finance and to…