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Venezuelan MPs approve bill to open up oil sector to private firms
Posted onThe assembly, dominated by lawmakers who are allies of former president Nicolás Maduro, passed the bill with the backing of interim President Delcy Rodríguez, who assumed office after Maduro was seized in a US military operation earlier this month.
Furlough not perfect but prevented mass unemployment, Sunak says
Posted onMichael RaceBusiness reporter PA Media Rishi Sunak has said not all jobs could be saved during the Covid-19 pandemic, but the government was able to prevent mass unemployment. The former prime minister, who was chancellor at the time, said it “wasn’t going to be possible to save every person’s job”. But he said the government…
Nvidia to invest $5bn in rival Intel
Posted onNvidia, the leading manufacturer of artificial intelligence chips, said it will buy a $5bn (£4bn) stake in Intel – a lifeline for its struggling rival on the heels of a separate investment from the US government. The deal, announced on Thursday, will involve a partnership between the two American companies to make personal computer and…
Blackpool Big Food Project foodbank ‘could close without support’
Posted onAn emergency food charity that sends meals to foodbanks across Blackpool has said it could face closure without support to keep its services running. The Big Food Project is a redistributor of surplus food from supermarkets and manufacturers to 125 foodbanks, schools, community kitchens, crisis services and families across Blackpool, Fylde and Wyre. It said…
Sam Altman backs Anthropic in AI battlefield row with Pentagon
Posted onOn Friday morning, groups representing roughly 700,000 tech workers within Amazon, Google, and Microsoft, all companies that have their own contracts with the Defence Department, signed an open letter urging the companies they worked for to also “refuse to comply” with the Pentagon’s demands.
Gold tops $5,000 for first time ever, adding to historic rally
Posted onPeter Hoskinsand Adam Hancock,Business reporters Hiba Kola/Reuters The price of gold has risen above $5,000 (£3,659) an ounce for the first time ever, extending a historic rally that saw the precious metal jump by more than 60% in 2025. It comes as tensions between the US and NATO over Greenland have added to growing concerns…
