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Brussels is reviewing VAT rules to support circular business models. The consultation covers second-hand goods, destruction of viable products, and business-vehicle deductions ahead of possible amendments to the EU VAT Directive.
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European wind manufacturers are gaining fresh backing through bank guarantees. A €250m EIB commitment will allow Danske Bank to provide up to €500m in guarantees supporting equipment production and delivery across the sector.
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EU auditors warn Russian energy exit investment remains insufficient today. The assessment raises questions over infrastructure spending, gas security, and the resilience of Europe’s post-Russian energy system.
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Engineers are warning of cascading risks across critical UK infrastructure. New research argues that resilience planning must account for compound extreme-weather events and failures spreading between power, water, transport, telecoms, healthcare, food, and digital systems.
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Smith+Nephew is proceeding with disputed executive pay arrangements after consultation. CEO Deepak Nath has received additional share awards after remuneration resolutions attracted more than 20% opposition at the company’s May AGM.
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Plug-in solar is now legal for households across Great Britain. Approved kits can generate up to 800W, opening a new distributed-energy market for manufacturers, retailers, installers, and network operators.
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Certain Energy has raised £10m to commercialise long-duration battery technology. The Imperial spinout will expand UK research, develop a grid-connected system in India, and build a supply chain for manganese flow batteries.
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Deloitte agrees to a $21.5 million settlement with DOJ. The U.S. Department of Justice has reached a settlement with Deloitte, involving allegations of racial and gender discrimination through DEI goals in hiring and staffing decisions, prompting the firm to pay $21.5 million.
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Government funding targets energy storage lasting more than four days. A new £28m challenge will support advanced batteries and underground hydrogen systems for prolonged periods of weak renewable generation.
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Revolut proposes wider founder borrowing powers against pledged company shares. Investors are being asked to approve governance changes increasing Nik Storonsky’s borrowing cap from $50m to $250m as the fintech’s valuation rises.