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Global finance watchdog warns over private credit industry fuelling AI boom
Financial Stability Board report reveals tech, healthcare and services sectors as the biggest borrowers The private credit industry’s role in fuelling the AI boom could backfire, with a sharp correction leading to “sizeable” losses, the Financial Stability Board has warned. A new report on private credit by the global watchdog, which monitors financial authorities including…
Rolls-Royce secures nearly £600m in UK government cash to develop small reactors
Engine-maker CEO hails ‘critical milestone’ for company in race to deliver SMR technology built at Wylfa plant on Anglesey Business live – latest updates Rolls-Royce has secured up to £599m from Britain’s national wealth fund as it races to develop the UK’s first small modular nuclear reactors. The fund will help support Rolls-Royce’s design of…