Starling founder Anne Boden cuts stake in £4bn fintech
Starling Bank founder Anne Boden has reduced her shareholding in the digital lender following a secondary share sale that valued the fintech at up to £4bn. Read more: Starling founder…
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Fractile commits £100m UK expansion as it ramps up AI chip development
UK chip start-up Fractile is investing £100m to expand operations in London and Bristol, backing Britain’s push for sovereign AI hardware and more efficient inference chips. Read more: Fractile commits…
Apple and Google agree UK app store changes after ‘effective duopoly’ ruling
Apple and Google have agreed to change how their app stores operate in the UK after the CMA ruled they held an effective duopoly, marking a major step in digital…
Russia exports record crude to China
China’s energy imports from Russia rose more than fourfold and are set to rise further, the head of the Trade Policy Institute has told RT Read Full Article at RT.com
Gilt yields jump as pressure mounts on Starmer amid leadership speculation
UK gilt yields rose as investors sold bonds amid fears of political instability and a possible shift to more left-wing Labour policies following calls for Keir Starmer to step down.…
AI energy start-up Tem raises $75m to cut business power bills
London-based energy tech firm Tem has raised $75m in funding led by Lightspeed Venture Partners as it uses AI to cut business electricity bills by removing wholesale market intermediaries. Read…
Barclays to lean on AI as it targets £2bn cost cuts and £15bn capital return
Barclays plans to cut £2bn of costs over three years and ramp up the use of AI as it targets more than £15bn of capital returns to shareholders by 2028.…
NCSC reveals Budget forecasts accessed almost 25,000 times before publication
An NCSC investigation has found that official OBR Budget forecasts were accessed nearly 25,000 times before Rachel Reeves delivered her Budget speech, following a major data leak. Read more: NCSC…
UK secures 6.2GW of onshore wind and solar in latest clean power auction
The UK government has awarded 6.2GW of new onshore wind and solar projects in CfD Allocation Round 7, taking total CfD-backed capacity to more than 50GW. Read more: UK secures…
EU needs to wean itself off Visa and Mastercard – banking chief
The head of an EU bank consortium has urged the bloc to reduce its dependence on US payment systems Visa and Mastercard Read Full Article at RT.com