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After a half-century wait, the United Kingdom now has an oil fund. Chancellor John Healey announced the creation of an Energy Wealth Fund at the Jackdaw gas approval announcement on Wednesday, with £2bn of funding diverted from the existing National Wealth Fund. A selection of energy exporting countries, mainly in the Gulf, but also including…
This is what Owein Iveson, 24, from Sunderland, is doing as he is about to graduate from Finland’s Aalto University with a masters in design. Owein says he “fell in love with the country” after visiting for the first time in 2020. “Finland’s a beautiful country,” he says. “The streets are very clean. It’s a…
Airbnb has changed its rules to limit what property hosts may ask guests to do – including when it comes to cleaning. The updated guidelines state that hosts can now set seven standard house rules and can also add other “reasonable” requests. Airbnb states that guests – who are required to pay a cleaning fee…
With a week to go until he delivers the Budget, Healey said: “We know that price rises from conflicts in the Middle East and Europe are hitting Britain and countries worldwide.” He said the International Monetary Fund last week had praised the UK government for its “fiscal discipline”, and that the government has just given…
Google Cloud says it has resolved disruption at its UK cloud site which caused an outage affecting UK banks, businesses and the courts. The company, one of a few large cloud computing firms whose infrastructure and services underpin many online platforms, reported an “issue with multiple services” at its London data centre complex “europe-west2” early…
Soaring fuel prices are putting extra pressure on efforts to get food to thousands of people in need across Devon and Cornwall, the South West’s largest food redistribution charity has warned. FareShare South West said demand for food support had risen by 45% since the Covid-19 pandemic, while the cost of collecting and delivering surplus…
Vinted says it has removed listings of items believed to have been looted from shops during the ongoing riots in France. The second hand re-selling platform said following the weekend’s disorder it had “taken immediate action to identify and remove listings linked to looting”. Shops across several French cities were broken into and ransacked during…
Ahead of the event, Carden said the “free public joust” was “performance art” in a post on social media. A video on his Instagram account of the event has been watched more than four million times. Despite their popularity, hospitals have reported an increase in injuries to both e-bike riders and pedestrians. A spokesperson for…
China’s economic growth picked up in the three months to the end of September, rebounding from a three-year low as the artificial intelligence (AI) boom helped boost exports. The world’s second largest economy grew by 4.5% in the third quarter, up from the previous period but below the 5% expansion recorded from January to March,…
Artificial intelligence (AI) giant Anthropic says it will commit 5% of its shares to a fund that will make donations for the “public good”. The announcement comes as Anthropic lays the ground for a potential blockbuster stock market listing that could value the firm at more than $1tn (£750bn). The AI industry has come under…
