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ICJ releases advisory opinion on states’ climate change obligations. The International Court of Justice has clarified that nations must reduce greenhouse gas emissions and adapt to climate change under international law, potentially requiring wealthier countries to compensate those most affected by climate change….
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Standard Chartered launches Sustainable Escrow and Account Bank solution. The initiative assists clients in integrating sustainability into cash management by aligning funds with the bank’s sustainable loans and projects, enhancing its suite of sustainability-focused financial solutions….
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EU seeks input on new environmental legislation simplification proposal. The European Commission aims to streamline environmental laws and reduce administrative burdens in areas such as circular economy, industrial emissions, and waste management, enhancing effectiveness while maintaining environmental protection….
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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….