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UK’s National Wealth Fund must accept failures as the cost of risk. Lawmakers have warned that avoiding failure would undermine its purpose, urging ministers to allow the fund to operate independently and take bolder investment decisions to unlock private sector capital across the economy.
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UK shop prices fell in October for the first time since March. The British Retail Consortium said discounting across food and grocery categories helped ease inflationary pressure on households and policymakers ahead of the November Budget.
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British Standards Institution study uncovers numerous businesses skipping AI safeguards. The research revealed that fewer than 25% of companies (24%) have established an AI governance program. Among larger enterprises, this percentage rises slightly to one-third.
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Trump met Japan’s new prime minister in Tokyo on Monday. The two leaders signed a critical-minerals deal to reduce reliance on China, as the U.S. president praised Sanae Takaichi’s historic appointment and reaffirmed the nations’ long-standing security alliance.
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ExxonMobil challenges California’s climate laws in U.S. court. ExxonMobil has filed a lawsuit against California’s new climate reporting requirements, arguing they infringe on free speech rights and are ideologically driven. The laws mandate emissions and climate risk disclosures from large companies operating in California….
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EY appoints Colm Devine as Global Vice Chair for Sustainability. Devine, with over two decades at EY, will lead the firm’s sustainability agenda, leveraging technology and AI to support global clients and professionals in achieving their sustainability goals….
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EcoVadis expands network with SGS and QIMA for audits. The company enhances its ecosystem to meet rising client demand for training and auditing services, integrating SGS and QIMA to strengthen global supply chain sustainability through expert verification and assurance….
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United Airlines and Neste expand sustainable aviation fuel partnership. United Airlines will supply SAF to three major US airports, aiming for zero greenhouse gas emissions by 2050. Neste’s renewable fuel reduces lifecycle emissions by up to 80% compared to conventional jet fuel….
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TotalEnergies refutes greenwashing accusations following Paris court ruling. The court found misleading claims about the company’s carbon neutrality ambitions. TotalEnergies acknowledged the decision but highlighted rejected claims and plans to update its website with factual strategy details….
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Record numbers of female high-earners in the UK are emerging. The number of women earning over £125,000, paying the top income tax rate, rose by 12% to 284,000. Women now make up 26% of top-rate taxpayers in the UK.
