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      Energy giant clashes with HMRC at UK’s highest court over £28m penalty

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US tech

  • HSBC is the only UK name on $13 trillion list of top global brands

    Banking

    The rise of AI has shaken up an influential ranking of global big-name firms, as the competition to become one of the world’s elite brands becomes fiercer than ever, according to an influential index tracking the corporate elite. The Kantar Brandz Top 100 – which ranks the value of brands – unveiled on Thursday, is [...]

    HSBC has sold off a major UK division.
  • Meta can read your Instagram DMs from today

    Tech

    Instagram users are waking up to a major privacy rollback after Meta officially switched off end-to-end encrypted direct messages, giving the tech giant far greater visibility into private conversations shared across the app. From today, users who previously enabled Instagram’s optional encrypted chats will lose access to the feature entirely, with all messages reverting back [...]

    Meta's Zuckerberg is leading the AI recruitment boom
  • The AI bubble has a name – and it’s OpenAI

    Tech

    For three years, Sam Altman has worn the badge of greatest pitchman in the history of tech. He sold the world a vision of artificial general intelligence – a machine that thinks, reasons and creates – and sold investors the bill to build it. The man raised more capital in a single funding round than [...]

    Sam Altman discussing AI advancements at a tech conference podium, wearing a suit, with a large audience in the background.
  • Bezos AI lab eyes King’s Cross Silicon Valley hub

    April 27, 2026

    Amazon founder Jeff Bezos’s AI venture is in talks to expand in London, joining a growing cluster of AI giants around King’s Cross, which is increasingly being seen as the UK’s rival to Silicon Valley. Project Prometheus, the billionaire’s secretive AI lab, is in talks of taking up office space within the Jellicoe Buiding, the [...]

  • Intel hails highest share price in decade as earnings smash forecasts

    April 24, 2026

    Intel shares jumped as much as 24.4 per cent on Friday after the chipmaker delivered a strong earnings beat and upbeat outlook, raising hopes of a sustained turnaround. The stock surged in early trading after already climbing more than 20 per cent in after-hours moves, putting it on track for one of its biggest one-day [...]

  • UK is of ‘marginal relevance’ – Nick Clegg dismisses sovereign AI push as ‘dishonest’

    April 24, 2026

    Nick Clegg has told City AM that the UK’s AI sovereignty debate is “slightly dishonest” due to our “marginal relevance” as a global tech player. The ex-president of global affairs at Meta also said that policy decisions taken in recent years have limited the role the UK can now play in the development of AI [...]

  • Trump threatens UK tariffs over digital tax row

    April 24, 2026

    Donald Trump has warned he could slap fresh tariffs on the UK if it refuses to scrap its digital services tax, escalating tensions between London and Washington. Speaking from the Oval Office, Trump said the US could “very easily” respond to the levy by targeting British exports. “We’ve been looking at it and we can [...]

  • Palantir boss rebuts Polanski’s wild NHS claims

    April 23, 2026

    A senior Palantir Technologies executive has issued a scathing point-by-point rebuttal after a viral video by Green Party leader Zack Polanski criticised the firm’s role in the NHS and wider public sector. Louis Mosley, who leads Palantir in the UK and Europe, responded directly on X, challenging a series of claims made in the clip. [...]

  • UK AI plans fall short without backing home firms, warns UKAI

    February 11, 2026

    The UK’s ‘sovereign AI’ push risks becoming a missed opportunity unless government policy does more to back UK businesses at home, according to the head of Britain’s AI trade body. Speaking after a parliamentary roundtable in the House of Lords, Tim Flagg, UKAI boss, said the debate around sovereign AI should focus on growth and [...]

  • Meta surges, Microsoft stumbles as Big Tech doubles down on AI spend

    January 29, 2026

    Three members of the ‘Magnificent Seven’ Big Tech stocks – Meta, Microsoft and Tesla – gave investors an early read on the health of the AI boom after US markets closed on Wednesday. Meta shares jumped as much as nine per cent in after-hours trading after the Facebook owner posted record revenues and issued an [...]

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