News
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UK government borrowing costs have risen sharply, causing concern. The 30-year gilt yield reached 5.57% before settling at 5.54%, while 10-year yields increased to 4.7%. Traders fear persistent inflation, influencing interest rates and impacting fiscal strategy.
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Oil and gold prices edged higher before high-level Washington talks. Market moves reflect geopolitical caution, easing supply concerns and shifting rate expectations, as investors weigh signals from President Trump’s summit with President Zelenskyy alongside the Federal Reserve’s Jackson Hole symposium later this week.
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California court upholds laws on corporate climate disclosures. A U.S. District Judge rejected a motion challenging California’s climate disclosure laws, which require large companies to report emissions and climate risks. The plaintiffs may appeal, with trial set for October 2026….
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UK consumer confidence in the economy has significantly declined. Over the past year, consumer confidence has fallen by 31 points, with 56% of people believing the economy will worsen. Pensioners remain the most pessimistic group, reflecting ongoing financial challenges.
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Prefer raises $4.2 million to launch sustainable coffee and cocoa. Singapore-based Prefer has secured funding to introduce eco-friendly coffee and cocoa powders. The start-up aims to provide cost-effective, low-emission alternatives for the food industry, enhancing sustainability and supply chain resilience….
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Assent launches EU Deforestation Regulation compliance solution for manufacturers. The new solution aids manufacturers in meeting due diligence requirements under the EU’s regulation, which aims to prevent deforestation-linked products from entering the market, ensuring compliance with environmental standards by 2025….
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Elite Dynamics strengthens leadership with strategic hires for expansion. The BGF-backed software firm aims to double its workforce by 2026, following the addition of a new CFO, operations director, and marketing director to support its growth in UK and international markets….
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Sustainability-linked loans show progress in addressing integrity issues. The FCA’s review highlights improvements in sustainability-linked loans, noting better alignment of targets with borrowers’ business models and increased scrutiny, but also points out challenges in pricing mechanisms and market scalability….
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UK M&A activity spans bread, LNG, and aerospace this week. Deals include ABF’s planned Hovis acquisition, Centrica’s LNG investment, Evelyn Partners’ sale plans, Boeing’s merger clearance, and EG Group’s international divestments.
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AI-enabled European stocks fell sharply after major model launches. Market anxiety rose amid valuation concerns as investors questioned whether these companies can maintain their edge.