News
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UK vehicle production hits 70-year low amid industry challenges. Car output fell 7.3% and van production plunged 45%, impacted by factory closures and uncertainty over US tariffs. The government’s EV grant scheme lacks clarity, hindering recovery efforts.
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Most young UK workers now weigh up second jobs for survival. More than half of Gen Z and 71% of Millennials are considering side hustles as the cost-of-living crisis drives up financial anxiety among the UK’s youngest employees, according to new research by Boostworks.
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Over half of UK businesses will not adopt AI in 2025. A new survey from technology firm boxxe finds widespread scepticism around AI security, affordability, and integration — even as government efforts intensify to support AI skills development.
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EU and US near trade deal with 15% tariffs. The European Union and the United States are finalising a trade agreement imposing 15% tariffs on most EU exports. Exemptions for aircraft and medical devices are under consideration, but key industries remain affected.
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FTSE 100 hits record high amid US-Japan trade deal optimism. The FTSE 100 closed at 9,080 points, up 0.5%, driven by hopes of further US trade agreements. Analysts highlight low valuations and geopolitical uncertainty as key factors in the index’s growth.
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China and the EU clashed on trade and minerals in Beijing. At a shortened one‑day summit, Ursula von der Leyen warned of an “inflection point” in EU–China ties, calling for “rebalancing,” while Xi Jinping urged Europe to make “correct strategic choices” as tariff tensions and minerals dependence took centre stage.
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Meta partners with Enbridge for Texas solar energy project. Meta has entered a deal with Enbridge for a 600 MW solar facility in Texas, marking another step towards its 2030 net-zero emissions goal. The project, Clear Fork, is expected to be operational by summer 2027….
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Goldman Sachs to acquire Liquid Environmental Solutions from Audax. Texas-based Liquid Environmental Solutions, founded in 2002, manages non-hazardous liquid waste for various sectors across the U.S. Goldman Sachs plans to support its growth through organisational, technological, and operational investments….
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AstraZeneca plans a $50 billion US investment by 2030. The investment aims to boost AstraZeneca’s US manufacturing and research presence, helping achieve $80 billion in annual sales by 2030. This move aligns with US political pressure for domestic pharmaceutical production.
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Jupiter Intelligence enhances its platform with new climate risk tools. The tools help financial institutions quantify climate risk and assess resilience investments. This development addresses the growing need for precise climate-informed decision-making amid increasing severe weather impacts….