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Finance

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Finance

EU sues IBM and two European firms over troubled entry/exit border system

Lawsuit filed last year against IBM, Atos and Leonardo after delays to delivery to troubled new system The EU has filed a lawsuit against IBM and two other companies involved in its troubled border-management system, an internal document has revealed. The bloc’s IT agency, EU-Lisa, filed a case last year against IBM, the French IT company Atos and Italian defence contractor Leonardo, the three members of a consortium to implement and maintain the EU’s entry/exit system, which was launched in October 2025. Continue reading...

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Finance

‘Obvious risk of further tragedy’ at rail crossing type at which Amazon driver died, inquiry finds

Call for overhaul of manually operated level crossings after delivery worker was killed by passenger train in Kent An Amazon delivery driver was killed by a train after he drove his van on to railway tracks at a manually operated level crossing, apparently without realising he needed to open the exit gate first, an official investigation has reported. Safety inspectors said there was “an obvious risk of further tragedy”, with a second similar fatal event still being investigated, and called for an overhaul of this type of crossing. Continue reading...

The Guardian
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Finance

Why is Nvidia’s Jensen Huang at the centre of a US-China row?

Donald Trump praised the chipmaker’s CEO despite reports he had an affair with a suspected Chinese spy Nvidia’s board needs to do some succession planning – sharpish Nvidia has launched an investigation into allegations that its chief executive, Jensen Huang, has been the target of a Chinese espionage operation. Huang has admitted to having an affair with a suspected Chinese spy who was reportedly central to the “foreign intelligence effort”. Continue reading...

The Guardian
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Finance

Insurance industry workers: how is climate-related risk managed in your company?

Whether you’re a modeller, actuary or underwriter, we’d like to hear how the insurance industry is dealing with climate risk With more frequent storms, floods, wildfires and drought, caused by climate change, having a huge impact on property around the world, we’d like to find out how the insurance industry is managing climate change risk. There have been reports of insurance workers, who analyse risk around a natural disaster, coming under pressure to downplay losses in order to keep premiums affordable for customers. The practice of underestimating risks to keep insurance premiums down could

The Guardian
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Finance

Anti-AI populism is the future of American politics | Garrison Lovely

Democrats should drag Sam Altman, Dario Amodei and Elon Musk before the world and make them explain just what it is they’re trying to do and why The AI industry had a bad night last week. The Democrats’ sweeping midterms victory is a rebuke of Donald Trump, the industry’s most powerful champion. Continue reading...

The Guardian
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Finance

Economic relief is on the way, Democrats say. But what, how and when?

Winning candidates promised to cut costs, rein in corporations, curb billionaire power and improve the economy Don’t worry, cash-strapped Americans, “relief is on the way”, the senator Chuck Schumer promised last week in a press conference celebrating Democrats’ massive midterms win. Winning candidates promised to cut food and healthcare costs, rein in corporations ripping off consumers and workers, curb billionaire power and make the world’s biggest economy better serve the working class. Continue reading...

The Guardian
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Finance

UK households face rush to find green energy installer to beat April VAT hike

Ministers pushed to reverse ‘policy madness’ of scrapping exemption on 5% tax rise for heat pumps, solar panels and batteries Households planning to invest in green energy upgrades, including heat pumps and solar panels, risk a nationwide rush to find an installer or face hundreds of pounds in unexpected costs unless the government abandons its looming VAT increase. Ministers are under growing pressure to reverse plans to scrap the 5% VAT exemption on home heat pumps, solar panels and batteries from 1 April which could add up to £1,530 on to the cost of a smart home energy system amid record d

The Guardian
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Finance

Rare call for more electricity supplies as wind power drops across Europe

Neso issued ‘electricity margin notice’ for gas power plants in Britain to fire up and boost generation this morning amid energy shortfall The government body tasked with keeping the lights on issued a rare call for more electricity supplies on Monday morning due to low wind power generation forecasts across Europe. A notice issued by the National Energy System Operator (Neso) on Sunday night said it faced a “shortfall” of almost 1,400 megawatts in its electricity supply margins from 6am until 11am on Monday. Continue reading...

The Guardian
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Finance

Chinese carmaker BYD’s offices in Netherlands raided over JLR ‘copycat car’ claim

Bailiffs reportedly seized digital records before court case over alleged intellectual property breaches on Land Rover Defender Bailiffs acting for Jaguar Land Rover raided the Dutch offices of a Chinese “copycat” rival before a legal showdown this week over whether its “Defender clone” infringes intellectual property rights. Bailiffs acting on behalf of JLR reportedly seized digital records from the offices of Chinese carmaker BYD in Schiedam and Hoofddorp in August, according to the Sunday Times. Continue reading...

The Guardian
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