Writing the summary…
'I took a chance on the whisky industry and I haven't looked back'
Source: BBC Business
Original reporting
BBC Business: read the full reportRelated stories
BBC Business2 outlets
What is the Budget and what could be in it?
Hello and welcome back to our regular feature where we write a little about the games we've been playing. This week, Connor plays a classic, and ticks it off his bucket list; Sherif isn't sure about a first-person shooter foray into Soulslikes; Matt visits a South Pacific island volcano and Jim Henson's Labyrinth, all in one game; and Bertie discovers that playing D&D with kids is enormously entertaining. Read more
The Guardian
World Bank says ‘small AI’ could transform developing countries
Bank’s chief knowledge officer says the tech could speed up economic development from centuries to decades The World Bank is urging developing countries to kickstart the creation of “small AI” models, which can run on a mobile phone with low connectivity, to reap the full benefits of artificial intelligence. While Silicon Valley big tech firms are focused on ever more sophisticated consumer products, Paschal Donohoe, the World Bank’s chief knowledge officer, said AI could also accelerate development for emerging economies – but only if it was adapted to local needs. Continue reading...
BBC Business2 outlets
Turning the tides: Could hidden sea power energise our coastal towns?
Engineer David Mummery has developed a tidal energy generator that he says can change lives for people living in coastal communities.
CNBC
Trump's Russia diesel deal may offer Putin more than money — and spell trouble for Ukraine
Trump's diesel deal may do little for Russia's finances, but it raises bigger questions about Ukraine's leverage, U.S. support and Putin's next moves.
The Guardian
Condé Nast’s UK profits drop by more than a third as sale of Vogue publisher ruled out
Magazine group points to restructuring bill but says it ‘remains profitable in the UK for another year’ Profits at Condé Nast’s UK arm slumped by more than a third last year, according to figures published shortly after the billionaire family that owns the luxury magazine group and titles from Vogue to GQ ruled out a sale. The publisher, which enjoyed a bumper 2024 after booking £64m in proceeds from the sale of its UK headquarters Vogue House in London, saw pre-tax profits excluding exceptional items tumble 36% from £28m that year to nearly £18m last year. Continue reading...
CNBC
Why hedge funds could be making a bond market shock more likely
The Bank of England's deputy governor has warned that hedge funds' activities could raise the risk of a global bond market shock.