US Senators Investigate Data Centres' Effect on Electricity Prices
Three Democratic senators launch an inquiry into whether tech firms like Google and Amazon are passing soaring data centre energy costs to consumers. Could UK face similar pressures?
Category : Search result: financial centres
Great Lakes water crisis as AI data centres move in
Water levels across the Great Lakes are falling, just as energy-hungry mega-scale data centres move into the region. Communities in Ohio and Michigan are fighting back against the threat to their water supply. Read the full investigation.
Trump's AI order blocks state regulation, a win for tech
Donald Trump signs executive order limiting AI regulation, a victory for tech lobbyists. OpenAI faces Google rivalry, while firms explore orbital data centres. Analysis of Silicon Valley's political influence.
FN's 2026 Lists: New Categories and Ranking Criteria
Financial News unveils new categories and refined methodology for its 2026 rankings of UK financial services firms. Discover the upcoming changes and what they mean for the industry.
Bill Kingdom, FCA Architect, Dies at 78
Bill Kingdom, the influential civil servant who shaped the UK's Financial Conduct Authority, has died at 78. Read about his pivotal role in financial regulation.
AI Boom's Hidden Cost: Huge Water Demand for Data Centres
Experts warn Australia's AI-driven data centre boom will strain water resources, with Sydney's needs alone exceeding Canberra's drinking supply. Read the full analysis of the environmental challenge.
AI Data Centre Boom Transforms Nevada Desert
The Tahoe-Reno Industrial Centre, a 100,000-acre Nevada site, is now a global hub for AI data centres, driving economic growth but straining scarce water and power resources. Explore the modern-day gold rush.
London is world's second-best tech hub, study finds
London has climbed to second place in a global ranking of top tech centres, narrowly missing the top spot to Zurich. Discover the key drivers behind the capital's rise and which cities made the top ten.
FCA opens 'safe space' for AI testing in finance
The FCA launches its first AI live testing scheme with NatWest and Monzo. The initiative aims to ensure safe AI deployment in UK financial markets. Read the full story.
Data centres could derail Australia's climate targets
Experts warn Australia's data centre boom, fuelled by AI, could triple energy demand by 2030, jeopardising net zero ambitions and increasing reliance on fossil fuels. Read the full analysis.
Bernie Sanders: AI Poses Unprecedented Threats to Society
US Senator Bernie Sanders issues a stark warning on AI's dangers to jobs, democracy, and the environment. He calls for immediate Congressional action to regulate the technology before it's too late.
Inside the 'Scam State': A $70bn Industry's Grip on SE Asia
Exclusive investigation reveals how industrial-scale cyber scamming, generating billions, has corrupted states across Southeast Asia, creating a new era of illicit 'scam states'. Read the full report.
Scam Centres Double on Thai-Myanmar Border, UN Reports
New satellite imagery shows scam compounds in Myanmar have more than doubled since the 2021 coup. The UN warns Southeast Asia is 'ground zero' for a global fraud industry fuelled by human trafficking.
Asylum seekers hunger strike against UK removal scheme
Thirty asylum seekers in UK detention have begun a hunger strike protesting their imminent removal to France under the controversial 'one in, one out' scheme. Read their powerful testimonies.
NHS gets 250 new health centres and £300m tech funding
Chancellor Rachel Reeves unveils major NHS overhaul with 250 neighbourhood health centres and £300m technology investment to cut waiting times and modernise care.
Watchdog Slams Excessive Force in Immigration Detention
Shocking report reveals excessive restraint and toxic culture in UK immigration detention centres. A frail 70-year-old man was handcuffed despite posing no risk. Read the full investigation.
Methylene Blue: The Dangerous Wellness Trend
Wellness influencers are drinking methylene blue dye despite serious health risks. Learn why this textile dye is causing concern among medical experts and poison centres.
Abu Dhabi Emerges as Global Finance Hub Through ADFW
Abu Dhabi Finance Week 2025 positions the emirate as a leading global financial centre, attracting institutions managing £32.3 trillion. Discover how ADGM's growth reshapes international finance.
FCA Executive Director Sarah Mills Resigns from Regulator
Sarah Mills, the FCA's executive director of consumers and competition, has resigned from her role. Discover the implications for UK financial regulation and what's next.
ATO call centre workers reveal shocking conditions
Exclusive investigation reveals outsourced ATO call centres face 125% staff turnover, poor pay and inadequate training, leading to deteriorating service quality for taxpayers.
FCA Consumer Chief Sheldon Mills to Leave Watchdog
FCA executive Sheldon Mills is stepping down after eight years. He will lead a government review into AI's role in consumer financial advice. Discover the implications.
Greenwich Play Centres Face Closure in Council Savings Plan
Greenwich Council reveals plans to transform youth play provision, potentially closing two adventure play centres to address a £45.1m budget gap. Have your say in the consultation running until December 14.
Massive NT Solar Farm for AI Power Faces Environmental Scrutiny
SunCable's proposed 50,000ha solar development in the Barkly region could power AI data centres but faces concerns over bilby habitat destruction and local energy justice. Read more.
Mitie revenue surges on shoplifting and AI demand
Outsourcing giant Mitie reports a 10.4% revenue surge to £2.7bn, driven by a shoplifting 'epidemic' boosting security services and soaring AI data centre projects. Discover the key figures.
Ministers breach human rights over prisoner segregation
High Court finds UK ministers breached human rights law by segregating a prisoner with known mental health issues for over four months. Read the full ruling details.
FCA Begins Private Markets Probe: Key Details
The Financial Conduct Authority has initiated a comprehensive review of private markets, examining valuation practices and liquidity concerns. Discover how this could impact UK investors.
FCA expands Leeds office in major regional push
The Financial Conduct Authority is significantly expanding its Leeds presence, doubling its office space as part of its strategy to decentralise financial regulation from London.
FCA hires US and Canadian regulators for international expertise
The Financial Conduct Authority strengthens its international team with senior hires from US and Canadian regulators. Mark White and Rob Hegarty join to enhance regulatory oversight.
UK Wealth Manager Value Analysis Reveals Leaders
Comprehensive analysis of UK wealth managers reveals which firms offer the best value for investors. Discover the top performers and market outlook for 2024.
Gambling Kingpin She Zhijiang Extradited to China
Chinese businessman She Zhijiang faces extradition to China over alleged illegal gambling empire and links to Southeast Asian scam centres. Read the full details.
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