Firms

Climate group calls for urgent windfall tax on excess fossil fuel profits, as delegates tell Colombia conference their nations are sufferingThe Middle East oil and gas crunch will impose as much as a trillion dollars of additional costs on the global economy while petroleum companies rake in spectacular profits from elevated fuel prices, analysis has revealed.The uneven distribution of risk and reward comes amid rising concern that the US-Israeli attack on Iran is worsening inequality, poverty and hunger across a world that has become dangerously dependent on fossil fuels. Continue reading...

• The Trump administration pledges a crackdown on Chinese companies exploiting American-made AI models, focusing on national security risks. • Officials singled out China for foreign tech firms' unauthorized use of US AI technologies, vowing stricter enforcement measures. • The initiative aims to protect US intellectual property and prevent adversarial nations from leveraging American innovations in AI development.

• An undisclosed major corporation reported a significant top and bottom line beat, demonstrating stronger-than-expected financial performance in its latest earnings announcement. • The company reaffirmed its full-year earnings forecast and reiterated long-term growth targets of 9% annual growth through 2027, followed by growth from 2027 through 2030. • The earnings beat and maintained guidance suggest management confidence in sustained profitability and operational execution.

Britain’s cybersecurity agency says companies must step up vigilance to prevent espionage attacksBusiness live – latest updatesBritish businesses are being urged to step up their vigilance against a China-linked hacking ploy that uses everyday devices for espionage.The UK’s National Cyber Security Centre (NCSC) and agencies in nine other countries have warned of persistent attempts by Beijing-backed groups to hack equipment such as wifi routers to launch cyber-attacks. Continue reading...

The campaign, fronted by a CGI squirrel, is part of government initiative to boost financial risk taking, amid fears UK growth is being stymiedNils Pratley: the ‘Savvy Squirrel looks a hit too tame’City firms are pinning their hopes on a government-endorsed advertising blitz fronted by a finance “savvy” CGI squirrel to encourage cautious British savers to shift out of cash and start investing.The long-awaited retail investment campaign, which will cost up to £50m, is part of the chancellor Rachel Reeves’ nationwide push to encourage more financial risk taking, amid fears risk-averse consumers are losing out and ultimately stymying UK growth. Continue reading...

News follows Guardian report on licence given to British firm exporting machinery to Armenian firm linked to Russian war effortBritish firms will face “much tougher” controls to prevent their goods from reaching Russia via other countries, undermining sanctions and aiding Vladimir Putin’s assault on Ukraine.Under plans to be unveiled on Wednesday, the government will be able to require UK manufacturers to obtain a licence if they want to export to a country suspected of acting as a staging post for exports ultimately destined for Russia. Continue reading...

Campaigners say banks and web platforms are being told to collect data on customers visiting blocked sitesMajor Russian companies have been conscripted into a “witch-hunt” against users trying to circumvent online controls, researchers have said, as the Kremlin continues trying to cut its citizens off from the global internet.Banks and web platforms are collecting data on users of virtual private networks (VPN) tools, which obscure an individual’s real location and allow them to access sites blocked in Russia, according to an investigation by RKS global, an advocacy group for internet freedoms. Continue reading...

• Director Denis Villeneuve confirmed production on "Dune: Part Three" has officially begun, with filming taking place in Morocco and Jordan through October 2026. • Timothée Chalamet, Zendaya, and Oscar Isaac are set to return, with newcomers Rebecca Ferguson and Austin Butler joining the expanded cast for the concluding installment. • Warner Bros. and Legendary Pictures have greenlit a 2027 release date, with Villeneuve stating this final chapter will "definitively conclude Frank Herbert's epic saga."