An FT investigation found Iranian military scientists using UK-made radiation detection equipment from Centronic in their nuclear research programs. The components appear in equipment marketed by companies linked to Iran’s sanctioned nuclear weapons development organization. This reveals how Iran’s
The UK Treasury is reportedly asking banks to make prominent public endorsements of this week’s Budget after chancellor Rachel Reeves decided against hitting the sector with higher taxes. Banks had warned they would curtail lending if faced with additional levies, and now officials expect positive c
Thailand’s newly-appointed central bank governor Vitai Ratanakorn says the baht should be weaker to reflect economic fundamentals. The currency has gained around 5% this year, making it Asia’s second-best performer.
Federal prosecutors have charged four individuals with illegally exporting Nvidia GPUs to China through falsified documents and fake contracts. The scheme allegedly generated nearly $3.9 million in payments from Chinese companies. One suspect served as CTO of AI company Corvex.
Britain has quietly developed the most progressive tax system in the developed world, with top earners paying 45% in taxes versus 29% for average workers. This 16-point gap exceeds Scandinavian countries and represents a dramatic shift from 15 years ago. The system combines high taxes on the wealthy
Instagram reels glorifying Hitler and denying the Holocaust are racking up millions of views and generating real money for creators. The surge follows Mark Zuckerberg’s decision to relax content moderation earlier this year.
The White House is preparing to challenge state-level AI regulations through executive action, potentially suing states that enact their own rules. This marks a significant escalation in the federal vs state power struggle over tech regulation. Legal experts warn the approach tests constitutional bo
The Department of Energy is financing Constellation Energy’s effort to revive the Three Mile Island Unit 1 reactor, which has been offline since 2019. Microsoft will purchase energy from the plant to offset its data center emissions, which have surged 23.4% since 2020 due to AI demand.
Europe is delaying its toughest AI regulations by over a year following pressure from Big Tech. The move includes allowing companies to use European personal data for AI training and simplifying cookie consent rules.
A Federal Reserve study examining 150 years of tariff data concludes import taxes act as demand shocks that reduce inflation. The catch? They also increase unemployment and slow economic growth significantly. This contradicts conventional wisdom about tariffs automatically raising prices.
