Erasmus scheme set to return for UK students from 2027
The UK is set to rejoin the Erasmus programme, restoring access for British students to the EU-funded study, training and volunteering scheme five years after the country ended its participation following Brexit.Ministers are expected to confirm the move this week,
EU waters down plans to end new petrol and diesel car sales by 2035
The European Commission has watered down its flagship plan to end the sale of new petrol and diesel cars by 2035, following intense lobbying from carmakers concerned about slowing demand for electric vehicles.Under existing rules, all new cars sold in
Grangemouth chemical plant saved in £120m government-backed rescue
Britain’s largest chemical plant will remain open after Ineos secured more than £120 million in government support in a deal designed to safeguard around 500 jobs at its Grangemouth petrochemicals site.The rescue package will keep the Ineos Olefins & Polymers
OpenAI hires George Osborne to lead global Stargate initiative
OpenAI has appointed George Osborne as managing director and head of its OpenAI for Countries initiative, tasking the former chancellor with leading the company’s global push to work with governments on national artificial intelligence strategies.Osborne, 54, who served as Conservative
Indonesian supply floods nickel market, while Chinese property crisis hits iron ore
The global nickel market is facing a sustained period of oversupply, according to one of the world’s largest nickel producers. Norilsk Nickel, the largest nickel producer in Russia has again revised its estimate for the market surplus upwards, predicting a supply
US stocks plunge after November jobs report signals labor market cracks
US stocks edged lower on Tuesday as investors assessed the long-awaited November employment report. The S&P 500 slipped 0.1%, the Nasdaq Composite declined roughly 0.2%, and the Dow Jones Industrial Average traded near unchanged. The development came as the investors finally digested
ServiceNow stock: why Armis acquisition report isn’t sitting well with investors
ServiceNow (NYSE: NOW) started this week on weak footing following reports that the workflow automation company is in advanced talks to take over Armis Security. NOW is reportedly willing to pay nearly $7.0 billion to acquire the Palo Alto-headquartered firm that