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China tightens export rules for crucial rare earths
Posted onChina has tightened its rules on the export of rare earths – the elements that are crucial to the manufacture of many high-tech products. New regulations announced by the country’s Ministry of Commerce “to safeguard national security” formalise existing rules on processing technology and unauthorised overseas cooperation. China is also likely to block exports to…
Claude Mythos: Anthropic releases version of AI tool despite risk concerns
Posted onBoth Fable and Mythos, which are essentially the same model but with different safeguards and levels of access in place, can work “unattended” on human commands that the tools are given for longer periods of time “than any previous Claude models.” Anthropic added.
Interest rates expected to be held as Budget looms
Posted onKevin PeacheyCost of living correspondent Getty Images Policymakers at the Bank of England are widely expected to hold interest rates at 4% following their final meeting before the chancellor’s Budget. Some Bank watchers have suggested that the latest inflation data could strengthen the case for a cut, but most commentators think such a move is…
BP names new boss as current CEO leaves after less than two years
Posted onArchie Mitchell and Josh MartinBusiness reporters Reuters Newly appointed BP chief executive Meg O’Neill currently runs Australian oil and gas firm Woodside Energy BP has appointed a new chief executive, making Meg O’Neill the first woman to run a major global oil firm. The London-based energy giant said its current boss Murray Auchincloss would step…
