Billions

Exclusive: As millions of people face hosepipe bans, many companies are not required to report, let alone cut, use of public supplyLess than 1% of businesses in England use more water than the daily needs of 10 million people, as millions of households face hosepipe bans and three-quarters of the country is in drought.Businesses across England use 2.6bn litres a day from the public water supply, which includes potable and non-potable water provided by water companies. In total, businesses account for about 30% of public supply use, with two-thirds of their consumption in water-stressed areas, according to Mosl, the organisation that operates England’s business water market. Continue reading...

• The European Union has launched an industrial policy plan to build AI infrastructure, prompting member states to invest billions in data center "gigafactories" to avoid falling behind technologically. • Of the 27 EU governments, 18 have pledged funding, with France, Denmark, Poland, and the Czech Republic committing €100 million each for smaller facilities. • Larger investments of €200 million are planned by Portugal, Spain, Germany, Italy, and Greece to support more extensive infrastructure.

• The European Union is implementing an industrial policy plan to build AI infrastructure, urging member states to increase investments to avoid falling behind globally. • Several nations have pledged funding for "gigafactories," with France, Denmark, Poland, and the Czech Republic committing €100 million each for smaller facilities. • Larger investments of €200 million are planned by Portugal, Spain, Germany, Italy, and Greece to establish larger-scale data centers.

• The European Union has launched a strategic plan to build seven large-scale computing centers to bolster AI infrastructure and prevent the bloc from falling further behind in the global AI race. • Approximately two-thirds of EU governments have already pledged funding to unlock the billions in investments required for these massive data centers. • The initiative highlights a growing divide within the EU, as some member states remain hesitant to participate despite the perceived urgency of AI development.

• Southeast Asia startup funding reached its worst first half on record in 2026, with no dedicated regional private equity funds reaching a final close during H1. • In contrast, pan-Asia investment vehicles managed by EQT, Blackstone, and Bain Capital raised a combined $39.2 billion, absorbing capital away from region-specific funds. • This shift highlights a critical need for improved governance, credible exits, and Distributed to Paid-In (DPI) ratios to attract future investment.

• Vietnam is experiencing a surge in large-scale data center investments driven by the accelerating demand for AI, cloud computing, and the broader data economy. • Current installed capacity of approximately 104MW is projected to grow five-to-six-fold, reaching nearly 600MW by 2030. • This boom positions Vietnam as one of the highest-potential markets in the region, attracting billions of dollars in foreign and domestic capital.

UN secretary general has said UN faces ‘imminent financial collapse’ due to unpaid contributions from member statesThe Trump administration has started the process to transfer $725m to the United Nations, a congressional notification seen by Reuters ⁠showed – a move aid experts said ⁠was a welcome step towards paying ​billions in dues owed.There was no immediate response from Washington DC to questions about the reasons for the payment from an administration that has slashed funding to many UN agencies and blasted the global body for not living up to ⁠its potential. Continue reading...