Business

UK semiconductor start-up Fractile has announced a £100 million expansion of its British operations, scaling up in London and Bristol as ministers intensify calls for greater domestic ownership of critical artificial intelligence technology. The investment, to be deployed over the next three years, will fund a new industrial hardware engineering facility in Bristol, alongside the expansion of Fractile’s existing UK …

Apple and Google have agreed to make changes to their UK app stores following intervention by the country’s competition watchdog, after it concluded the two firms hold an “effective duopoly” over the sector. The Competition and Markets Authority (CMA) said the tech giants have committed to a series of measures designed to improve transparency and competition. These include pledges not …

UK government borrowing costs climbed on Monday as markets reacted to intensifying pressure on Sir Keir Starmer, with investors pricing in heightened political risk and the possibility of a shift towards more left-leaning Labour policies. The yield on the benchmark 10-year UK government bond rose by as much as 0.08 percentage points to nearly 4.6 per cent, while yields on …

London-based energy technology company Tem has raised $75 million in fresh funding as it looks to expand internationally and accelerate the rollout of its AI-driven platform designed to cut business electricity bills by up to 30 per cent. The funding round was led by Lightspeed Venture Partners and is understood to value the four-year-old company at around $300 million. Tem …

The Royal Society for the Prevention of Accidents (RoSPA) has launched a new expert-led commission to examine the future of occupational safety and health (OSH) skills in the UK, amid growing concerns over workforce shortages and rising pressures on safety professionals. Convened in partnership with Speedy Hire, the OSH Skills Commission brings together leading figures from across industry, trade unions …

Faisalabad: BYD, the world’s no.1 NEV brand, in partnership with Mega Motor Company (MMC) has opened its sixth authorized BYD 3s dealership in Faisalabad, marking an important step in the brand’s national expansion. Located in one of Punjab’s key commercial districts, the new dealership will offer complete customer experience, including its advanced NEV lineup, after-sales services, test drives, and access …

Barclays is turning to artificial intelligence to power the next phase of its turnaround, as the bank targets around £2 billion of cost savings and commits to returning more than £15 billion of surplus capital to shareholders by the end of 2028. C.S. Venkatakrishnan, the chief executive, widely known as Venkat, said the bank would pursue about £2 billion of …

Official Budget forecasts were accessed almost 25,000 times before their formal release after a leak at the Office for Budget Responsibility, according to a new investigation by the UK’s cyber security authorities. A report by the National Cyber Security Centre found that documents prepared by the Office for Budget Responsibility were downloaded on “at least” 24,701 occasions in the hour …

The UK Government has confirmed a new wave of onshore renewable energy projects under the Contracts for Difference scheme, following last month’s record-breaking offshore wind auction. Results from Allocation Round 7 (AR7) show 4.9GW of solar and 1.3GW of onshore wind capacity secured across Britain, reinforcing the pace at which clean power is being rolled out across the country. Solar …

Expanding a business globally used to feel like a slow, decade-long slog. Today, digital platforms let us flip a switch and reach customers in Sydney or Stockholm overnight. But here is the catch: if you are operating in a regulated space—think fintech, healthcare, or gaming—that “switch” is attached to a mountain of legal paperwork and local hurdles. You simply can’t …