Nscale taps lenders for $900m to fuel AI data centre splurge July 7, 2026 British data centre builder Nscale has landed a $900m (£673m) credit line from some of Wall Street’s biggest banks to fuel its global expansion, even as investors increasingly scrutinise the sector’s breakneck spending. The London-headquartered company said the financing will support the construction of new AI data centres across Europe, the US and Asia-Pacific as [...]
Terry Smith dubs weight-loss giant Novo Nordisk ‘investment disaster’ July 7, 2026 Star stockpicker Terry Smith has dubbed weight-loss giant Novo Nordisk an “investment disaster” less than two years after he dumped his entire Diageo stake over fears that GLP-1 users would ditch alcohol. The veteran investment manager, who runs the Fundsmith Equity fund, has said that he regrets his investment in the Danish pharmaceutical firm. “Novo [...]
London workers most exposed to AI jobs cull July 7, 2026 Workers in London are more exposed to an artificial intelligence-induced jobs cull than in any other major city, according to the world’s leading economics think tank, while growth in hiring for AI talent has been lower than in the EU, Canada and the US. A new OECD report from the Paris-based Organisation for Economic Co-operation [...]
Russians are poised to compete at the LA 2028 Games as IOC lifts ban July 7, 2026 Russians are poised to compete at the LA 2028 Games after the International Olympic Committee lifted its ban on the Russian Olympic Committee. The Russian Olympic Committee had been banned since October 2023, following the invasion of Ukraine, but the International Olympic Committee now argues that the ROC “no longer includes as its members any [...]
Brits wary of EU summer hols as officials refuse to ease new border checks July 7, 2026 The European Union has refused to suspend its divisive new border checks despite admitting that it has found 20 “difficult spots” causing queuing chaos. The EU has said it will stand by its new Entry/Exit System (EES), a biometric border regime whose botched rollout has threatened to ruin thousands of summer holidays. Officials admitted that [...]
Lufthansa and aviation rivals clash in London court over power outlet profits July 7, 2026 German airline Lufthansa is back in the London courts this week over its long-running patent infringement dispute with a US, a Japanese, and a French aircraft manufacturer. The legal battle stems back to 2017, when aircraft maintenance group Lufthansa Technik alleged that Astronics Advanced Electronic Systems, Panasonic, and Safran infringed its patent for high-voltage aircraft [...]
M&S chair: Tax and employment costs holding back Britain July 7, 2026 Rising taxes and employment costs are holding businesses back from investing in Britain and helping it “prosper,” an M&S boss has said. Archie Norman, chairman of the retail giant and former chief executive of Asda, told shareholders on Tuesday that these “big regulatory headwinds” are “not making it easier to invest and prosper in Britain”. [...]
Prince Harry defeated in phone hacking legal battle against Daily Mail publisher July 7, 2026 Prince Harry and a group of six other high-profile household names have lost a long-running legal battle against Associated Newspapers over allegations of illegal information gathering, including phone hacking, after an 11-week trial earlier this year. Mr Justice Nicklin said in a 436-page judgment the group of claimants had failed to prove the allegations and [...]
Kemi Badenoch: AI firms ‘won’t come here’ if Britain overregulates July 7, 2026 Kemi Badenoch has warned Britain risks driving away the next generation of AI giants unless it lowers industrial energy costs or fixes London’s capital markets, arguing the UK cannot regulate its way to becoming a global tech leader. Speaking at the Politics UK Summit in Westminster on Monday evening, the Conservative leader said Britain was [...]
England 2am World Cup victory smashes records for BBC on iPlayer and website July 7, 2026 England’s dramatic World Cup victory against Mexico led to a record-breaking broadcast across the board for the BBC. Over 11m BBC iPlayer requests contributed to the largest ever day on record for the streaming service, hitting 48m requests in total on Monday, while the 3-2 win at the Estadio Azteca attracted a peak live audience [...]