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• Finnish quantum hardware company IQM secured a €50 million financing facility from BlackRock-managed funds to fuel R&D and U.S. market expansion. • The funding supports IQM's preparations for a potential US stock market listing, enhancing its position in quantum computing technology. • This investment underscores growing Wall Street interest in quantum breakthroughs amid competition in advanced computing sectors.

US defense secretary axed the four officers’ names from list to become one-star generals, the New York Times reportsSign up for the Breaking News US email to get newsletter alerts in your inboxPete Hegseth, the US defense secretary, is reportedly attempting to block the military promotion of four officers – two women and two Black men – to become one-star generals.The remaining promotion list includes about three dozen officers, most of whom are white men, though a few women and Black officers are still included, according to the New York Times. Continue reading...

Report shows black music accounts for 80 per cent of money generated by UK industry in past 30 yearsLeading figures in the UK music industry are calling for more work to be done to support black talent in executive roles as a report finds that 80% of UK music revenue has been generated by black music in the past 30 years.A recent report by UK Music states that black music has made £24.5bn out of the £30bn generated by the UK music industry in the past 30 years. However, industry figures have highlighted that black people are still kept out of top executive roles. Continue reading...

European parliament votes in favour of sending refused asylum seekers to offshore hubs, in ‘historic setback for refugee rights’People with no right to stay in the EU could be detained for up to two years or sent to offshore centres described by experts as possible “human rights black holes” under plans voted for by the European parliament on Thursday.An alliance of mostly centre-right and far-right lawmakers voted for a proposal to increase returns of undocumented migrants to their home countries, in a further sign of strain on the grand coalition of centrist political forces that has traditionally driven EU lawmaking. Continue reading...

A study found correlation between the environment and long-term wellness in sample of 1,978 who attended college between 1940-80Attending a historically Black college or university (HBCU) as a young adult may be linked with better later-life cognitive outcomes for Black Americans, according to a recent study. The authors sampled 1,978 Black American adults who attended college between 1940 and 1980 (35% attended an HBCU), and who attended a high school in a state with an HBCU. The conclusion? There may be a correlation between collegiate environment and long term wellness.During that time frame of attendance, two major policy implementations shaped schooling in the country: first, in 1952, Brown v Board of Education ruled that racial segregation in schools was unconstitutional; and second was the 1964 Civil Rights Act, which barred racial discrimination in school. Continue reading...

PMI figure reveals impact on economy of rise in oil prices driven by Iran warBusiness live – latest updatesThe UK’s manufacturers have suffered the sharpest one-month acceleration in costs since the aftermath of Black Wednesday in 1992, as conflict in the Middle East has driven up oil prices, new survey evidence shows.The closely watched purchasing managers’ index (PMI) lays bare the impact of the conflict on the UK economy, with growth slowing sharply across manufacturing and services and costs rising. Continue reading...

CEO of asset manager says only a few firms and investors may reap rewards from growth in the technologyThe boom in artificial intelligence risks widening inequality, with only a handful of companies and investors likely to reap its financial rewards, the BlackRock chief executive, Larry Fink, has warned.The boss of the $14tn (£10.4tn) asset manager used his annual letter to investors on Monday to highlight potential hazards around the exponential growth in AI, which has attracted rapid investment and become “central to strategic competition” between global powers such as the US and China. Continue reading...