Addressing Expense Fraud: A Vital Concern for Businesses Amidst Economic Strain in the UK The ongoing economic challenges in the UK have significantly impacted families nationwide, forcing individuals and businesses to cope with rising bills and soaring interest rates. Amid this financial uncertainty, there has been a noticeable increase in expense fraud, which poses serious implications for businesses across the country. A survey conducted by Emburse, involving over 1,000 workers and facilitated by YouGov, highlights the prevalence of expense fraud. The findings reveal that nearly a quarter ..read more

Election concerns in France give euro worst week in two months By Karen Brettell (Reuters) -The euro was on track for its biggest weekly fall against the dollar in two months on Friday on concerns that a new government will worsen France’s fiscal situation as a snap parliamentary election approaches. The yen hit a six-week low against the dollar, before rebounding, after the Bank of Japan (BOJ) surprised markets with a dovish monetary policy update. French markets saw the biggest weekly jump since 2011 in the premium that investors demand to hold French government debt, and bank stocks tumble ..read more

G7 vows to drop fossil fuels faster, but activists unimpressed By Crispian Balmer BORGO EGNAZIA, Italy (Reuters) -Leaders of the Group of Seven developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their summit in Italy. “We will transition away from fossil fuels in energy systems in a just, orderly, and equitable manner, accelerating actions in this critical decade, to achieve net-zero by 2050 in keeping with the best available science,” said the draft seen by Reuters. The do ..read more

Microsoft to invest $7.16 billion in new data centres in northeastern Spain MADRID (Reuters) – Microsoft plans to invest 6.69 billion euros ($7.16 billion) to develop new data centres in Spain’s northeastern region of Aragon, which is becoming a major cloud computing hub within Europe. Aragon’s regional government said the U.S. tech giant had applied for a construction permit to build data centres at a site outside the city of Zaragoza, confirming a report by local newspaper El Heraldo. The company’s investment will be spread out over 10 years, the regional government said. Microsoft, which re ..read more

Exclusive-Vodafone looks to sell $2.3 billion stake in India’s Indus Towers, sources say By M. Sriram MUMBAI (Reuters) – Vodafone Group is looking to sell its entire $2.3 billion stake in India’s Indus Towers through stock market block deals next week, two sources with direct knowledge said, part of the British firm’s effort to repay debt. Vodafone currently owns 21.5% of mobile-tower operator Indus via various group entities, valuing the investment at $2.3 billion as of Friday’s stock price in Mumbai. The final size of the stake sale is yet to be decided and could be lower than 21.5% if deman ..read more

Swedish May inflation above forecast but more rate cuts expected By Simon Johnson STOCKHOLM (Reuters) – The pace of Swedish inflation was higher than expected in May, data showed on Friday, but analysts said they saw inflation tracking down in the months ahead and that the central bank would continue to ease policy after a cut last month. Inflation, which peaked at over 10% at the end of 2022, has been slowing significantly in recent months and analysts said that the May data had not changed the overall picture. Consumer prices measured with a fixed interest rate (CPIF)rose 0.2% from April and ..read more

UK’s Crest Nicholson says Bellway’s revised proposal undervalues group (Reuters) – British homebuilder Crest Nicholson said on Friday it rejected a 650 million pound ($828.04 million) revised unsolicited proposal from rival Bellway, saying that the deal “significantly undervalued” the group. Bellway on Thursday made public the revised all-share bid it proposed on May 7 to buy Crest Nicholson, after the initial proposal too was rejected. ($1 = 0.7850 pounds)   (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sonia Cheema)   ..read more

Insulated Concrete Form Market Surges to USD 1,402.42 Million by 2030, Propelled by 5.25 % CAGR – Verified Market Research® The Global Insulated Concrete Form Market is projected to grow at a CAGR of 5.25% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 915.01 Million in 2021 and is expected to reach USD 1,402.42 Million by the end of the forecast period. The Insulated Concrete Form (ICF) market is driven by increasing demand for energy-efficient buildings, stringent building codes promoting sustainable c ..read more

Specialty Chemicals Market Surges to USD 894.14 Billion by 2028, Propelled by 6.17% CAGR – Verified Market Research® The Global Specialty Chemicals Market is projected to grow at a CAGR of 6.17% from 2021 to 2028, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 588.2 Billion in 2020 and is expected to reach USD 894.14 Billion by the end of the forecast period. The specialty chemicals market is driven by factors such as increasing demand from end-user industries like automotive, construction, and electronics, and rising focu ..read more

Protein Hydrolysates Market Surges to USD 38.84 Billion by 2030, Propelled by 7.1% CAGR – Verified Market Research® The Global Protein Hydrolysates Market is projected to grow at a CAGR of 7.1% from 2024 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 25.5 Billion in 2023 and is expected to reach USD 38.84 Billion by the end of the forecast period. The protein hydrolysates market is driven by the rising demand for nutritional supplements and functional foods, increasing consumer awareness of health and wellness, an ..read more