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Glencore shares fall after merger talks with Rio Tinto collapse. The mining giant rejected Rio’s terms, citing undervaluation and executive role retention. Glencore emphasises its strong standalone prospects, particularly in copper, while Rio prioritises long-term shareholder value.
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Fractile co-founder reportedly exited amid scrutiny over Chinese academic links. The UK AI chip startup confirmed the departure of its former CTO following internal concerns over his educational background and affiliations. The move reflects growing national security sensitivities around AI, defence-linked research, and foreign influence in early-stage technology companies.
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Varaha launches $45 million Series B round to expand operations. The carbon project developer aims to enhance its nature-based solutions, working with smallholder farmers to sequester CO2. Initial funding of $20 million secured, with major firms showing interest.
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UK invests £36 million to enhance AI supercomputer access. The investment aims to provide British researchers and startups with advanced computing resources, levelling the field for innovation in areas like healthcare and climate resilience.
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Payment Systems Regulator’s abolition expected no sooner than 2027. David Geale of the PSR anticipates the regulator’s consolidation into the FCA will not occur before early 2027, despite government plans for sector reform and deregulation.
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Bank of England keeps rates steady after a narrow Monetary Policy Committee vote. The decision highlights deepening divisions among policymakers, reassures lenders and investors, and signals that interest rate cuts remain possible later this year.
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IMed Group has appointed Spencer Keegan to lead talent acquisition. The regulatory consultancy is expanding recruitment services alongside international growth, adding permanent and contract hiring capabilities to support medical and health technology clients across Europe and beyond.
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UK organisations face mounting difficulty proving AI’s environmental impact. New research shows enterprises remain confident in AI’s sustainability potential, but lack the emissions data required to evidence progress against environmental targets.
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AI trust remains a major barrier to enterprise cybersecurity adoption. Uptycs says its new Juno AI Analyst replaces opaque security copilots with verifiable, evidence-based investigation grounded in real cloud telemetry.
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Large enterprises overestimate payroll readiness despite automation, AI, and integration ambitions. New research from CloudPay shows budget constraints, legacy systems, and governance barriers are slowing real-world deployment across enterprise payroll operations.
