Battersea Power Station nears completion with £280m new loan October 13, 2026 The developers behind Battersea Power Station have secured a new £280m refinancing as the £5bn regeneration project nears its final stage. The Battersea Power Station Development Company secured the new loan from the group of lenders which have backed the project since it began in 2012, including London-listed Standard Chartered, Malaysian bank CIMB, Singaporean financial [...]
Lone Star Announces Sale of IKB Deutsche Industriebank AG to Crédit Agricole October 12, 2026 Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Fund XI, L.P. has signed an agreement to sell IKB Deutsche Industriebank AG (“IKB”), a leading provider of banking services and financing for small- and medium-sized enterprises in Germany, to Crédit Agricole. Founded in 1924 and headquartered in Düsseldorf, IKB specializes as [...]
‘Slow-moving tsunami’ – IMF warns AI could hit 60 per cent of jobs in advanced economies October 12, 2026 AI’s impact on employment “is a slow-moving tsunami, but a tsunami nonetheless”, the head of the International Monetary Fund (IMF) has warned, as the technology threatens to reshape six in ten jobs across advanced economies. Kristalina Georgieva, managing director of the IMF, said AI could affect 40 per cent of jobs worldwide, rising to 60 [...]
Brexit U-turn? Burnham says he is taking ‘pragmatic’ approach on EU October 12, 2026 Prime Minister Andy Burnham has said he will take a “pragmatic” approach to boosting relations with the European Union just a fortnight after he suggested he could explore a full return to the world’s largest economic bloc. Burnham told MPs on Monday that a summit with EU leaders would take place on 20 November, where [...]
‘Moral hazard’ – Lawyers warn SFO whistleblowing rewards could backfire October 12, 2026 The UK government has launched a consultation on reforming whistleblowing laws, seeking to give the Serious Fraud Office (SFO) powers to reward individuals who report economic crime, a move experts view with scepticism. On Monday, business secretary Jonathan Reynolds and minister for the future of work, Kate Dearden, revealed the government’s plans for a “whistleblowing [...]
Anthropic offers £145k for London personal assistant amid AI agent boom October 12, 2026 The company behind one of the world’s most advanced AI assistants is offering £145,000 for a human one in London, as tech giants continue to rely on people for jobs their own tech promises to automate. Anthropic, the developer of Claude, is recruiting an administrative business partner in the capital, despite developing AI tools capable [...]
Echodyne and ACS Sign Strategic Collaboration Agreement to Advance Counter-UAS Capabilities Worldwide October 12, 2026 Successful integration of EchoShield® radar with ACS’s Bullfrog™ autonomous weapon station delivers precise tracking and affordable kinetic defeat across land and maritime missions.
Bank of England targeted in inflation installation stunt October 12, 2026 The Bank of England has been targeted in an inflation installation stunt in the centre of the City of London. Over the weekend, a satirical art piece appeared across the road from the central bank’s office on Threadneedle Street. A black Canon printer, sitting atop a decorative silver-beaded pedestal surrounded by a stream of banknotes, [...]
Big Four giant Deloitte accused of faking paperwork to hide Roman Abramovich wealth October 12, 2026 The Cyprus branch of Big Four giant Deloitte and its spin-off are alleged to have falsified corporate paperwork to protect former Chelsea FC owner Roman Abramovich’s assets before the UK government sanctioned him. According to a joint investigation by the Bureau of Investigative Journalism (TBIJ) and BBC Panorama, it is alleged that accounts signed off [...]
Oil prices waver as Trump pushes for dubious Ukraine-Russia ‘ceasefire’ October 12, 2026 Oil prices remained above the $100 mark on Monday morning after President Trump hailed a deal with Russia’s President Putin that would lead to the supply of millions of barrels of diesel to the US and global markets. Brent crude oil futures, a benchmark for international prices, fell by about 0.6 per cent to $104 [...]