Industry

Partnership between top startup DeepL and Amazon comes amid concern about Silicon Valley’s monopoly over digital infrastructureAI companies in Europe risk losing their world-leading status in the field of machine translation, industry figures have said, after the decision by one of the continent’s leading startups to partner with Amazon’s cloud computing division provoked alarm.While businesses in the EU have generally lagged behind the US and China in AI adoption, a small group of European companies have cornered the global market for high-quality machine translations for professional use. Continue reading...

• Anthropic released 10 new AI agents on Tuesday designed for banks and insurers to automate tasks like building pitchbooks, auditing statements, and drafting credit memos with limited human intervention. • The agents integrate with Claude Code and Cowork products, can be customized to firm policies, and access expanded data sources for financial work, adopted by Goldman Sachs, Visa, Citi, and AIG. • This marks Anthropic's rapid expansion into finance less than a year after announcing ambitions, with executives noting a 'dramatic change' in capabilities over the past six months.

Lobbyist Tara Singh says stripping projects of subsidy contracts would undermine investor confidence in UKBritain could be beset by levels of economic chaos last seen under Liz Truss if a Reform UK government were to fulfil its promise to strip renewable energy projects of subsidy contracts, according to the industry’s chief lobbyist.The anti-renewables policy put forward by Nigel Farage’s populist party would severely undermine investor confidence in the energy industry and across the wider UK economy, the new chief executive of RenewableUK said. Continue reading...

WPP accused of breaching its climate policy after report reveals firm linked to twice as much oil advertising as US rivalsA British advertising conglomerate has helped the oil companies ExxonMobil, Chevron, Shell and BP spend an estimated $1.5bn (£1.1bn) on adverts in the US since the 2015 Paris agreement to tackle the climate crisis, a report shows.London-based WPP was the leading advertising group serving the US’s oil industry over the past decade, according to analysis by the climate investigations platform DeSmog. The figure is nearly twice the respective amounts linked to its US rivals Omnicom and Interpublic Group (IPG), which merged in November. Continue reading...

Delegates at event in Cape Verde highlight opportunities from tech while stressing AI is no replacement for talentLast July, the Nigerian singer-songwriter Fave found herself caught up in a viral moment: an unauthorised version of a track featuring an AI choir had been released, quickly becoming an internet sensation. To get ahead of the situation, she recorded her own remix that integrated the AI-assisted song and added it to her discography.“In my view, [that] was smart and very business aware,” Oyinkansola Fawehinmi, a Lagos-based entertainment lawyer, observed a few months later. “She essentially reclaimed the ‘AI version’ and released it as her own official expression.” Continue reading...

Rival to government plans would scrap net zero policies, as party aims to woo sector after decades of job lossesReform UK has asked steel bosses to draw up an “alternative steel strategy” to rival recent government plans, stoking industry fears over a charm offensive by Nigel Farage’s party as it eyes gains in former Labour heartlands.Richard Tice, Reform’s deputy leader, met a group of bosses shortly before Labour announced new steel tariffs in March and commissioned them to draft a competing plan that will include scrapping net zero policies. Continue reading...

• TTM Technologies achieved a 214.4% increase in earnings over the past year, substantially exceeding the electronic industry average of 15.7%. • The company's exceptional performance reflects strong execution and market demand within the technology sector. • TTM's growth trajectory positions it among elite performers in the high-growth tech space.

Food delivery services say the proposed laws will affect their workers, while shared e-vehicle schemes claim the laws could make them uninsurableFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastLegislation that would crack down on ebikes and e-scooters in Queensland could curtail food delivery services and potentially end shared e-vehicle schemes, industry figures warn.The proposed laws would set an age limit of 16 on ebikes and e-scooters, require users to obtain a driver’s licence, and set a limit of 10km/h on almost all cycle lanes. Continue reading...

• The Nasdaq Cybersecurity ETF declined 15% over the past six months, signaling mounting pressure on the cybersecurity sector. • Investors are questioning the industry's traditional moat as competitive and technological challenges erode barriers to entry. • This downturn coincides with rising AI-driven threats, prompting initiatives like Anthropic's Project Glasswing for defensive advantages.

• Anthropic announced Project Glasswing, a collaborative initiative involving Amazon Web Services, Apple, Broadcom, Cisco, CrowdStrike, Google, JPMorganChase, the Linux Foundation, Microsoft, NVIDIA, and Palo Alto Networks to secure critical software infrastructure. • The initiative provides select firms access to Claude Mythos2 preview model for defensive cybersecurity work, which has reportedly identified thousands of severe vulnerabilities in major operating systems and browsers. • The program aims to give defenders a durable advantage in the AI-driven cybersecurity era while controlling access to prevent misuse by attackers.

• Recording Academy announced new 'Best AI-Generated Performance' category for 2027 Grammys on April 9 in LA. • Category sparked backlash from artists like Billie Eilish, who called it 'a slippery slope' in statement. • 12,000+ submissions expected, with eligibility requiring human oversight per new rules.

• Blackstone closed a $10 billion opportunistic private credit fund on April 8, 2026, reaching its hard cap target despite ongoing capital outflows in the sector. • The fund's successful close highlights Blackstone's strength in private credit as investors remain cautious due to market volatility and higher interest rates. • This deal underscores the resilience of top alternative asset managers in attracting institutional capital amid broader private credit struggles.

Exclusive: documents chronicle years-long campaign to make it easier to build intensive livestock unitsMinisters are rewriting planning rules to make it easier to build intensive livestock farms despite concerns about water pollution, air quality and local opposition.Documents obtained by the Guardian under the Freedom of Information Act show that proposed changes to the national planning policy framework (NPPF) were discussed by ministers and officials in response to concerns of the country’s leading chicken producers, who have been lobbying on the issue for at least two years. Continue reading...

• Health savings account companies, benefiting from Trump's tax bill, formed the Great American Health Alliance (GAHA) dark money group to push for further HSA expansions. • The lobbying effort aims to broaden tax advantages amid growing industry influence in policy debates. • Critics highlight potential risks of prioritizing industry gains over consumer protections in health financing.

Sara Ziff, founder of Model Alliance, said business leaders need to be hauled before House oversight committeeA top modeling industry activist has called for business leaders to be hauled before lawmakers in Washington to investigate what role modeling agencies may have played in the Jeffrey Epstein sex trafficking scandal.Sara Ziff is founder of the Model Alliance, a non-profit advocacy group calling for fair treatment, labor rights and safe working conditions for fashion industry workers. Continue reading...

• A new US science and technology council has been established including leaders from Meta, Nvidia, Oracle, Google, and AMD to guide national AI strategy and policy. • The council will shape policy in response to global competition, particularly with China, while prioritizing innovation acceleration and reducing regulatory barriers. • This government-industry alignment reflects the administration's emphasis on AI competitiveness and signals closer integration between policymaking and tech sector interests.

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...

Weak demand and global trade pressures hit ouput, with energy price rises expected to bring further dropBusiness live – latest updatesFewer cars rolled off UK production lines in February in what the industry called an “extremely worrying” slump even before the impact of the Iran war was felt.Vehicle production was 17% lower last month on the same period in 2025, according to the Society of Motor Manufacturers and Traders, as exports dropped sharply. Continue reading...

Papers reveal how chemical lobby influenced policy, reversing Biden-era limits on a common carcinogenSign up for the Breaking News US email to get newsletter alerts in your inboxA new trove of chemical producer and US Environmental Protection Agency documents reveal an elaborate industry operation that killed strong regulations around formaldehyde, a highly toxic carcinogen widely used in everyday goods from cosmetics to furniture to craft supplies.The Biden EPA in late 2024 determined any exposure to formaldehyde increased the risk of cancer and other health problems. The Trump EPA in late 2025 moved to undo those findings and replace them with less protective figures. Continue reading...

Industry groups say delay to defence investment plan (DIP) leaving UK behind in global race for fundingDefence manufacturers are going bust while others have been left in “paralysis” and “bleeding cash” as they wait for a long-delayed UK military spending plan for the next decade, MPs have heard.Industry groups said that a more than six-month delay to the defence investment plan (DIP) has also left the UK behind Germany and the US in attracting cash from global investors. Continue reading...

• California's new legislation AB 2602 and AB 1836 now require explicit consent and detailed descriptions for creating digital replicas of performers, addressing growing concerns over generative AI in entertainment. • Union agreements place additional limitations on how entertainment companies use generative AI tools, providing protections for performers and creatives amid ongoing industry consolidation. • The Los Angeles entertainment sector continues to navigate back-to-back crises including COVID-19, strikes, and fires, but industry experts predict consolidation will create opportunities for nimble new players and innovative talent pursuing independent projects.

Doubling tariffs on imported steel will raise cost of the metal when Iran war is already inflating steel and concrete pricesOne of HS2’s biggest contractors has warned the government that raising tariffs on foreign steel imports will “exacerbate” cost pressures for the UK construction industry, amid growing concern over the £100bn railway’s rising budget.Ministers said last week they would double the tariffs on imported steel and slash the amount that can be bought from overseas, in an attempt to save Britain’s struggling steelmakers. Continue reading...

Regulators narrow securities definitions – a shift that could benefit Trump family’s crypto projectsSign up for the Breaking News US email to get newsletter alerts in your inboxOn Tuesday, major US financial regulators published rules for the cryptocurrency industry that may reduce regulatory requirements and that insiders believe will benefit the Trump family’s ventures.The Securities and Exchange Commission (SEC) issued new guidelines for the cryptocurrency industry to answer the longstanding question of what does or does not qualify as a security, a classification that entails strict oversight. SEC chair, Paul Atkins, has dubbed the framework a “token taxonomy” for the sector. Published jointly with the Commodity Futures Trading Commission (CFTC), the guidelines classify most of crypto-based assets as commodities, collectibles, payment tokens or “digital tools”, exempting them from the SEC’s more stringent oversight and disclosure requirements. Only blockchain-based representations of existing securities, such as stocks and bonds, remain classified as securities under this new framework. Continue reading...

• Layoffs continue to ripple through the entertainment industry in 2026, following widespread job cuts in 2025. • William Morris Endeavor announced a 3% staff reduction the day after St. Patrick's Day, while Axios, Lionsgate, and Universal Music Group's Mercury Studios also implemented layoffs. • The ongoing cuts reflect ongoing economic pressures within the broader entertainment and media sectors.

• PRSA launched FutureCon 2026, a one-day summit on May 14 at New York’s Edison Ballroom, focusing on AI, media disruption, and evolving stakeholder expectations in PR and corporate communications. • Sponsored by Agility PR Solutions, sessions include 'Earned Media in the Social Media Era' by Elsa Rainey and Jocelyn Ocampo of GPS Influence, and agency adaptations led by Zeno Group's Barby K. Siegel. • The event equips communications professionals with strategies for AI-powered search, data-driven environments, and creator-led platforms amid industry transformation.

Report shows how minerals critical to defense readiness have seen a ‘near total’ disruption in seaborne tradeSign up for the Breaking News US email to get newsletter alerts in your inboxThe closure of the strait of Hormuz is causing a “paralyzing, real-time problem” for any prospective manufacturing surge in the US defense industrial base, and even for the repair of defense equipment damaged by Iranian attacks, according to analysis published by West Point’s Modern War Institute.In particular sulphur, a vital upstream input in the extraction of critical minerals including copper and cobalt, has seen a “near total” disruption of seaborne trade in the straits, which makes up half the world’s total shipments, and prices have spiked nearly 25% since the war began, and seen a 165% rise year on year, the report said. Continue reading...

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