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IMF warns global economy ‘could soon test the limits of resilience’

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Commodities, Computing, Economics, Energy, Energy industry, Environment, Global economy, Inflation, International Monetary Fund (IMF), Iran, Kristalina Georgieva, Middle East and north Africa, Oil, Stock markets, Technology sector, US-Israel war on Iran, World Bank, World news

World Economic Outlook says states’ oil stocks are low and budgets are overstretched, as it upgrades UK GDP growth forecast for 2026Developing nations face triple shock, UN warnsThe global economy “could soon test the limits of resilience”, as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned.In its

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Drax datacentre could create nearly twice the yearly emissions of all Gatwick flights

ai, AI (Artificial Intelligence), Artificial Intelligence, Biomass and bioenergy, Datacentres - UK, Drax, Energy industry, England, Environment, Greenhouse gas emissions, UK news, Yorkshire

Exclusive: Campaign group’s analysis of North Yorkshire plans finds datacentre would have to burn 4.9m tonnes of wood a yearDrax’s planned datacentre could produce nearly double the emissions of all flights out of Gatwick airport each year by burning 4.9m tonnes of wood annually, an analysis has shown.Campaigners say this would make it “one of

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Superpowers cannot solve world’s problems, UN chief says in final general assembly address

ai, AI (Artificial Intelligence), António Guterres, Artificial Intelligence, Climate crisis, Energy industry, Human rights, Humanitarian response, International law, Israel, Palestine, Russia, Ukraine, United Nations, World news

António Guterres says humanity faces unprecedented convergence of threats but mechanisms for collective action are under growing strainThe world’s fault lines have turned from cracks into canyons as superpowers show that they alone do not have the military, economic and technological power to guarantee security, or solve the world’s problems, the outgoing secretary general of

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Domestic datacentres: how computer power can help heat your home

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Computing, Consumer affairs, Datacentres - UK, Energy bills, Energy industry, Home improvements, Household bills, Money, Property, Saving money, Technology, UK news

Energy bills are scheduled to rise next month but there are innovative ways to heat your home and save money‘When Giles Gibson turns on the hot tap in his home, the water that comes out of it is not heated by gas but by the tiny datacentre strapped to the tank.Attached to the hot water

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UK datacentres will create just 25% of jobs predicted by tech sector, analysis finds

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Computing, Datacentres - UK, Energy, Energy industry, Environment, Politics, Technology, Technology policy, Technology sector, UK news

Facilities likely to employ 10,400 workers, compared with 40,000 in industry estimates, thinktank saysDatacentres in the UK will create just a quarter of the jobs predicted by the tech sector, while consuming vast amounts of energy, according to new research.Environmental thinktank Verdant predicts that all the datacentres currently planned are likely to directly employ 10,400

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BP to sell North Sea business; AI companies lead record surge on Korea’s stock market – business live

ai, AI (Artificial Intelligence), Artificial Intelligence, Asia Pacific, BP, Business, Commodities, Energy industry, House prices, Oil, Oil and gas companies, Samsung, South Korea, Stock Market

Live, rolling coverage as British oil company looks for buyer amid political dispute over future drilling licencesGood morning, and welcome to our live coverage of business, economics and financial markets.BP has put its North Sea oil business up for sale, saying it will try to find a buyer amid a political dispute over whether the

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The outlook gets better and better at Rolls-Royce

Aerospace industry, ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Energy industry, Rolls-Royce, UK news, World news

With fingers in various highly lucrative pies, maybe the firm becoming LSE’s most valuable isn’t as fanciful as it seems Tufan Erginbilgiç, the chief executive of Rolls-Royce, seemed to be getting ahead himself when he said a year ago that the engine-maker had the potential to become the most valuable company on the London Stock

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Datacentre projects could face fees for grid access to ease connection queue, Ofgem says

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Datacentres, Energy industry, Ofgem, Technology, Technology sector, UK news

Energy regulator’s plan would mean upfront fees or financial security via letters of credit, bonds or cash depositsDatacentre projects in Britain will be forced to put down significant upfront fees to secure an energy connection under proposals to ease an electricity grid logjam.Ofgem, the sector watchdog, said there were 315 datacentres currently queueing to connect

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The bulging in-tray of challenges Andy Burnham faces upon entering No 10

ai, AI (Artificial Intelligence), Andy Burnham, Artificial Intelligence, Defence policy, Devolution, Energy industry, European Union, Foreign policy, Immigration and asylum, Labour, Middle East and north Africa, Nationalisation, Oil and gas companies, Politics, Tax and spending, UK news, Utilities, Welfare

From welfare and defence spending to cost of living and geopolitics, we the look at issues leftover from Keir StarmerUK politics live – latest updatesAndy Burnham is expected to become prime minister in less than two weeks, and has promised to significantly change Labour’s agenda and deliver better for all parts of the UK.But he

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Billions spent and hypothetical returns: the AI boom explained with six charts

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Computing, Energy industry, ipos, OpenAI, productivity, Stock markets, Technology, Technology sector, UK news, US news, World news

Expenditure is growing fast and consumer take-up accelerating. But alarm bells are sounding The race is very much on. Elon Musk’s SpaceX, which makes AI models as well as space rockets, announced last week it is seeking a $1.77tn (£1.31tn) valuation on the US stock market while Anthropic, the startup behind the Claude chatbot, said

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