Brent crude jumps 4% towards $100 a barrel after Iran closes the Strait of Hormuz in response to Israeli strikes, threatening 20% of global oil and gas supplies. Read more: Oil price surges towards $100 as Middle East ceasefire begins to unravel
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Regions across England and Wales will receive up to £20m each to boost innovation in sectors including AI, clean energy and advanced manufacturing. Read more: Regions from Teesside to Cornwall awarded up to £20m to boost innovation
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Roadchef will invest £300m in UK motorway services after securing 75-year lease extensions, boosting EV charging, HGV facilities and retail. Read more: Roadchef secures 75-year leases to unlock £300m motorway investment
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Innovate UK announces winners of its Agentic AI Pioneers Prize, awarding funding to startups advancing AI in life sciences, manufacturing and creative sectors. Read more: Innovate UK names winners of first Agentic AI pioneers prize
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Octopus Investments plans to cut around 20% of staff as it accelerates AI adoption, highlighting growing disruption across the asset management sector. Read more: Octopus Investments to cut 20% of staff as AI reshapes asset management
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HSBC could cut up to 20,000 jobs globally as it embraces AI to streamline operations, signalling a major shift in banking workforce strategy. Read more: HSBC could cut 20,000 jobs as AI reshapes global banking workforce
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UK mid-sized firms could generate £105bn in additional revenue by 2030 through AI adoption, according to research by Cebr as HSBC launches a £5bn AI productivity finance initiative. Read more: AI adoption could unlock £105bn revenue boost for UK mid-sized firms by 2030
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Britain’s largest car park operator NCP has filed notice of intention to appoint administrators, putting more than 1,000 jobs at risk across its 800 UK parking sites. Read more: NCP faces administration as Britain’s largest car park operator files court notice
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The UK and Ireland deepen economic ties as £937m in Irish investment creates 850 jobs and new energy interconnectors strengthen energy security at the UK-Ireland Summit in Cork. Read more: UK and Ireland strengthen economic partnership as £937m investment set to create 850 jobs
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Shipping giant Maersk has suspended operations at Oman’s Port of Salalah after a drone strike on oil storage facilities, highlighting growing disruption to global trade routes amid the escalating Iran conflict. Read more: Maersk halts operations at Oman port after drone strike widens Iran conflict disruption
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