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India's renewable energy boom faces critical grid bottleneck as wasted power surges

India has achieved a renewable energy milestone with clean sources briefly meeting over half peak demand, but transmission infrastructure gaps are causing massive waste—8,133 GWh lost in Q2 2026 alone—threatening the nation's 2030 targets and global climate goals.

6 min read

IMF chief urges wealthy nations to slash debt as borrowing costs climb

The IMF's managing director warns wealthy nations must urgently reduce debt and cut borrowing as interest costs surge. Global public debt has reached its highest level since World War II, threatening both advanced and developing economies.

5 min read

China's AI Boom Transforms Rural Grasslands Into Data Centre Powerhouse

In Inner Mongolia's Ulanqab, data centres are rising from potato fields as China races ahead in artificial intelligence. The city has signed 89 projects worth over 500 billion yuan, attracting talent and reshaping rural communities amid broader US-China technological competition.

8 min read

Wales Semiconductor Boom Creates Jobs as AI Demand Surges

Wales' semiconductor sector is expanding rapidly due to AI demand, with employment climbing 14% to 3,140 jobs in 2025. IQE, the region's leading chipmaker, is hiring after securing major data-centre orders, while schools and software firms demonstrate how AI creates rather than destroys opportuni...

8 min read

DoorDash to pay $131.5m settlement over wage violations in New York City

DoorDash agrees to pay $131.5 million to New York City after admitting it underpaid or paid late roughly 264,000 delivery workers. The settlement includes three years of city oversight and addresses wage calculation errors tied to the state's 2023 minimum pay law.

4 min read

Activision to develop next Halo as Xbox cuts 268 more jobs

Xbox is cutting 268 more jobs and handing Halo development to Activision as part of its largest restructuring. Ninja Theory faces closure after failed acquisition attempts. The changes reflect challenges in hardware costs and subscription service growth.

5 min read

Ineos Halts Three Hull Chemical Plants Over UK Gas Prices

Ineos has suspended production at three major chemical plants in Hull, affecting 4,000 jobs, citing UK gas prices 12 times higher than in the US. The facilities produce materials for pharmaceuticals, cosmetics and other industries.

4 min read

AI Productivity Gains Unproven, RBA Chief Warns of Bubble Risk

RBA Governor Michele Bullock warns that artificial intelligence could be a financial bubble and shows no sign of boosting productivity, contradicting the government's economic projections. She also flagged risks of higher unemployment and a disorderly AI market unwinding.

5 min read

West of England businesses squeezed as petrol prices near £2 per litre

Businesses across the West of England struggle with profitability as petrol prices soar to nearly £2 per litre, driven by Middle East supply disruptions. Taxi operators, petrol retailers and charities face difficult choices between absorbing costs or raising prices.

5 min read

Vet prescription fees capped at £21 under new competition rules

The Competition and Markets Authority has capped veterinary prescription fees at £21 and introduced sweeping transparency rules. Practices must publish price lists, provide written estimates for costly treatments, and disclose ownership details. The changes take effect over a three- to 12-month r...

5 min read

Government borrowing surges 20% to £18.3bn in August amid inflation pressures

Government borrowing jumped to £18.3 billion in August, nearly 20% higher than a year earlier, as inflation pushed up public spending. Debt interest payments hit a record £8.8 billion, intensifying pressure on Chancellor John Healey ahead of his October Budget.

4 min read

Breakdown service owner says fuel costs hit business by £10,000

A Jersey breakdown service owner reports fuel costs have hit his business by £9,000 to £11,000. A proposed temporary fuel duty cut was withdrawn, with the government instead planning targeted cost-of-living measures in its 2026 budget.

4 min read