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Saltend: Major UK rare earths refinery scrapped in favour of US
Plans for a groundbreaking rare earths refinery in East Yorkshire have been abandoned, after the company behind the project decided to seek investment in the United States instead. Pensana has spent the past seven years developing a rare earths mine in Angola. The $268m (£185m) project, one of the largest of its kind in the…
ITV in talks to sell television business to Sky
Faarea MasudBusiness reporter Getty Images ITV has said it is in “preliminary” discussions to sell its television business to Sky for £1.6bn. The talks focus on ITV’s Media and Entertainment division, which include its TV channels as well as its streaming service, ITV X. The discussions with Sky, which is owned by US-based Comcast, come…
OBR productivity forecast may add £20bn to Budget hole
The government is facing a bigger-than-expected hole in the public finances as it prepares for next month’s Budget. A downgrade to the UK’s productivity performance from the government’s official forecaster could lead to the chancellor facing a £20bn gap in meeting her tax and spending rules, the BBC understands. Rachel Reeves has confirmed both tax…
Ofcom urged to use banning powers over X AI deepfakes
The government has urged the regulator Ofcom to use all its powers – up to and including an effective ban – against X over concerns about unlawful AI images created on the site. Ofcom’s powers include the ability to obtain a court order to prevent third parties from helping the Elon Musk-owned platform from raising…
