It will take more than £600m a year to boost UK industrial competitiveness | Nils Pratley

It is “bold action” to boost UK competitiveness, claimed the government. Not everybody shared that assessment of the British industrial competitiveness scheme (Bics), the long-awaited plan to cut electricity bills for UK manufacturers by up to 25% – or, at least, to cut them for a subset of firms that are aligned with the eight chosen sectors of the “modern” industrial strategy.“Gas intensive industries in the UK have been shamefully ignored by the government in this announcement – it’s a total disgrace,” said Gary Smith, the general secretary of the GMB union, banging the drum for the likes of ceramics-makers and brickmakers that aren’t deemed modern enough for support. Employer bodies mostly did the polite thing of welcoming government assistance of any form before using phrases such as “drop in the ocean”.And, it’s true, £600m a year across 10,000 companies isn’t much

IMF chief Georgieva warns ‘everyone will feel the impact’ of energy price shock, as UK growth beats forecasts – as it happened

Over in Washington DC, the International Monetary Fund is holding a debate on the global economy.IMF chief Kristalina Georgieva says the world economy is facing another, large, shock:double quotation markThe world economy has been, very resilient over the last few years, facing shock after the shock. And this resilience is tested yet again, this time by a shock that is large.Twenty percent of oil and gas is stuck in the Strait of Hormuz, depriving primarily Asia, but also Europe, and other parts of the world of a vital resource. It is global

NAACP lawsuit accuses Elon Musk’s xAI of polluting Black neighborhoods near Memphis

A new lawsuit accuses Elon Musk’s artificial intelligence company of illegally spewing toxic pollutants into residential neighborhoods on the border of Tennessee and Mississippi.The suit, filed on Tuesday in Mississippi federal court, alleges xAI is violating the Clean Air Act due to emissions from its makeshift power plant in Southaven, Mississippi, which powers its datacenter there. The NAACP, represented by the environmental groups Southern Environmental Law Center and Earthjustice, says xAI has been polluting areas with homes, schools and churches, including in historically Black communities, by using dozens of methane gas generators without permits.The organization is seeking to force the company to stop operating its unpermitted turbines in Southaven.“A data center should not be a potential death sentence for a community’s health,” Abre’ Conner, the director of environmental and climate justice for the NAACP, said in a statement

Fisa surveillance vote sparks fierce debate as Congress splits on warrantless monitoring

A controversial law that grants the US government sweeping powers for warrantless surveillance is set to expire next week. Replacing it has inspired fierce debate within the White House and Congress, including a scheduled vote cancelled the day of.A coalition of progressive Democrats and far-right Republicans is pushing for reform of Section 702 of the Foreign Intelligence Surveillance Act (Fisa), but they face strong bipartisan opposition from lawmakers advocating for an 18-month renewal with no changes, in line with Donald Trump’s demands. House GOP leaders delayed a procedural vote on a clean extension of Section 702 on Wednesday, after the chamber’s rules committee approved the measure on Tuesday night. Republican leadership was expected to bring the measure to the floor on Wednesday but canceled the scheduled vote, amid dissent from privacy advocates in their own party

LIV and let die: golf rebels count cost of Saudi cutbacks and other sports fear worst | Matt Hughes

Public Investment Fund withdraws support for rebel tour and other sports could be hit too with Newcastle United uncertainThe reverberations of an unscheduled meeting of LIV Golf executives in New York this week have been felt way beyond their swanky offices in Hudson Yards, on the west side of Manhattan.A slowdown in Saudi Arabia’s lavish spending on sport, which is conservatively estimated to have cost the kingdom more than $10bn in the past five years, had been expected, but its Public Investment Fund’s withdrawal of financial support for the rebel tour – which was first mooted to LIV execs on Monday – has caused shockwaves throughout the wider industry.Significantly, the possibility of PIF’s withdrawal was not even addressed in an email sent by the LIV chief executive, Scott O’Neil, to his staff on Wednesday evening, which has left many of them more fearful for their jobs. Such concerns are not limited to golf, with other sports administrators fearful that similar cuts in Saudi’s budget could be coming their way.While LIV was the primary vehicle through which Saudi launched their ambitious attempt to become a leading global sports destination and promoter five years ago, with more than $5bn invested on the rebel tour, the arch disruptors were by no means the sole beneficiaries

Portcullis gets royal breeders dreaming at Newmarket’s ancient first rite of spring

Captain Cook was a few months away from landfall after his first circumnavigation of the earth when the first ­Craven meeting was held on Newmarket heath in the spring of 1771.It is older than any of the Classics, and old enough too to have the great Potoooooooo – who got his name when a stable lad was unsure how to spell potatoes – on the Craven Stakes’s roll of honour in 1782. For a quarter of a millennium250 years, the first meeting of the year on the Rowley Mile at Newmarket has been Flat ­racing’s first rite of spring.“It’s what keeps everybody going,” Jason Singh, the marketing director of the famous bloodstock auction house Tattersalls, said here on Thursday, “and I speak as a breeder and racehorse owner myself as well as a sales company employee.“Every year, at this time of year, everybody has got hopes that the next horse they’ve bought is going to be the next superstar, and until it’s not, it could be