Financial news

• Scottish Labour’s new leader backs Rosebank and Jackdaw oil and gasfields

  19-09-2026 14:52 via theguardian.com
  Michael Marra supports development of the North Sea sites, calling for a ‘more rational’ approach to energy policyScottish Labour’s new leader Michael Marra has backed the development of the Rosebank and Jackdaw oil and gasfields in the North Sea in one of his first acts after being elected, calling for a “more rational” approach to energy policy.On Saturday, the MSP for North East Scotland won a near two-thirds majority to lead the party in Holyrood, becoming Scott
  
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• China bogeyman looms large over American firms’ AI doomsday scenario

  19-09-2026 12:00 via theguardian.com
  Silicon Valley China hawks, Anthropic CEO Dario Amodei among them, fear the country surpassing US’s AI lead as much as superintelligence destroying humanityWhy China is pushing back on US warnings over rapid AI developmentWhen reporters asked Donald Trump this week if he supported calls to slow down the development of artificial intelligence out of growing fears for cybersecurity, public safety and the fate of humanity, he said no. His argument: China.“We’re leading China in AI
  
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• ‘A losing battle’: will UK public service broadcasters survive amid US onslaught?

  19-09-2026 11:00 via theguardian.com
  Jobs and programme budgets in firing line at BBC, Channel 4 and ITV as they are outgunned by YouTube and Netflix“I wouldn’t be surprised if the BBC or Channel 4 disappeared,” says one of the thousands of TV staff at risk of redundancy, as British broadcasters face what has rapidly become a fight for survival against US digital rivals.“My generation grew up with Netflix and YouTube … Honestly, I feel like it is a losing battle.” Continue reading...
  
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• ‘We lost £14,000’: can a new clampdown stamp out cowboy builders?

  19-09-2026 09:00 via theguardian.com
  An app and a register of trusted traders may give greater protection to consumers but it is too late for someIn hindsight, Sheri Ingram, 35, can see the red flags. Lee Slocombe, a builder hired to renovate her ex-boyfriend’s home in the south Wales valleys, offered to do the work cheaply because he had materials left over from another job, then asked for money upfront to buy additional supplies.“At the time, we believed him,” says Sheri, who was in her early 20s when it happene
  
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• Deep cuts: how one Londoner’s fake vinyl empire sheds light on ‘industrial scale’ fraud

  19-09-2026 08:00 via theguardian.com
  Thousands of knock-off records worth a fortune are being seized in the UK by anti-counterfeit police stingsFrom 2017 onwards, Rehan Ahmed styled himself as a savvy business owner. But behind the facade of a successful entrepreneur lurked one stark fact: his empire was built on fakery.On Friday, the man behind the biggest-ever UK case of producing fraudulent vinyl, who sold counterfeit copies of records by some of the world’s biggest artists including Taylor Swift, Coldplay and Kendrick Lam
  
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