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SBTi releases draft Power Sector Net-Zero Standard for companies. The new standard requires companies to phase out unabated fossil fuel capacity and cease investments in such assets, aiming to align the power sector with net-zero goals by 2050….
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Palmer Energy Technology has acquired Oxford spin-out Brill Power. The deal, alongside a £5 million Series A round, will support deployment of Brill’s battery management systems across UK energy storage projects.
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UK services growth surged to a 16-month high in August. The S&P Global/CIPS PMI rose to 54.2, signalling stronger demand across business services, hospitality, and transport, as inflationary pressures eased and overseas demand picked up.
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Eurozone economic growth stayed sluggish in August, PMI data shows. Manufacturing posted its strongest output in more than three years, while services slowed and inflationary pressures picked up, highlighting uneven momentum and continued fragility across the bloc’s recovery.
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Chancellor Rachel Reeves will present her first full autumn budget. The Treasury has announced the date as 26 November, with speculation over potential tax increases to address a public finance shortfall of up to £40 billion.
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Deutsche Bank updates its Transition Plan to reaffirm climate goals. The bank remains committed to its net-zero targets despite global banking shifts. It highlights initiatives like Divisional Carbon Budgets and risk management integration to achieve sustainability….
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Standard Chartered appoints Roger Charles as Head of Sustainability Initiatives. Based in Singapore, Charles will support the Corporate & Investment Banking team in achieving sustainability goals, following his tenure at DBS Bank and previous experience with Standard Chartered….
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GenZero sets ambitious target for climate impact by 2028. The Temasek-owned platform aims for 7 million tons of CO2e reduction by 2028, leveraging nature-based and technology-driven solutions while enhancing ESG integration across its portfolio….
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ThreatSpike appoints Katie Newton as investor and advisor. The cybersecurity firm, following a £10.4m Series A funding round, welcomes Newton’s extensive leadership experience, notably her role in scaling Darktrace to a $5 billion company, to drive its international expansion….
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Engie North America partners with Prometheus Hyperscale for data centres. The collaboration will see data centres co-located with renewable energy facilities in Texas, aiming to enhance sustainable infrastructure by integrating advanced technologies and 100% renewable energy….