Category: 3. Business

  • Government concludes Public Bodies Review of the Regulator of Social Housing

    Government concludes Public Bodies Review of the Regulator of Social Housing

    A Ministry of Housing, Communities and Local Government review of the Regulator of Social Housing has concluded, determining a full-scale review is not necessary at this time.

    Overall, the review confirmed that the Regulator is a well-run organisation that demonstrates no fundamental weaknesses across its operations.

    As part of the government’s commitment to build more social and affordable homes, drive up standards, and ensure social housing landlords remain financially sound, the department has identified key areas where it will work collaboratively with the Regulator to further strengthen its ability to deliver. These will include work to:  

    • Strengthen the evidence base on the outcomes delivered by social housing regulation, particularly for residents living in social housing. This will include how the Regulator, and others, can effectively monitor performance.
    • Ensure the Regulator continues to operate as efficiently as possible in future years.
    • Consider how the regulatory system may need to evolve in the future to respond to any new changes to the social housing sector.
    • Explore opportunities for the Regulator to further exploit its use of digital technologies.

    The Regulator was subject to a Public Bodies Review last year as part of the wider Cabinet Office programme which routinely assesses the effectiveness and efficiency of all Arm’s Length Bodies.

    Further information

    The Regulator of Social Housing is a non-departmental public body which regulates registered providers of social housing to maintain a viable, efficient, and well-governed sector that can deliver quality homes and services for current and future tenants. The Regulator has a key role in supporting the delivery of new social homes to meet the government’s housing objectives.  

    The Regulator was subject to a Public Bodies Review in 2024 as part of the wider Cabinet Office Public Bodies Review Programme. These reviews consider the governance, accountability, efficacy, and efficiency of Arm’s Length Bodies.

    More information on the Public Bodies Review Programme can be found here.

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  • Hapag-Lloyd wins ZEMBA’s second tender for pioneering e-fuel deployment – Hapag-Lloyd

    1. Hapag-Lloyd wins ZEMBA’s second tender for pioneering e-fuel deployment  Hapag-Lloyd
    2. Pioneering an Eco-Friendly Voyage: Shipping Giants Invest in Hydrogen-Based Fuels  Devdiscourse
    3. Hapag-Lloyd orders eight new dual-fuel methanol container ships  Indian Transport & Logistics
    4. Ship It Zero applauds new ZEMBA tender, shows progress about e-fuels future  Maritime Fairtrade
    5. Hapag-Lloyd Pursues Strategy to Add Feeders that Improve Efficiency  The Maritime Executive

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  • CME Group Inc. Announces Fourth-Quarter and Year-End 2025 Earnings Release, Conference Call

    CME Group Inc. Announces Fourth-Quarter and Year-End 2025 Earnings Release, Conference Call

    CHICAGO, Dec. 17, 2025 /PRNewswire/ — CME Group Inc. will announce earnings for the fourth quarter and full year of 2025 before the markets open on Wednesday, February 4, 2026. Written highlights for the quarter will be posted on the company’s website at 6:00 a.m. Central Time, the same time it provides its earnings press release. The company will also hold an investor conference call that day at 7:30 a.m. Central Time, at which time company executives will take analysts’ questions. 

    A live audio Webcast of the conference call will be available on the Investor Relations section of the company’s website. Following the conference call, an archived recording will be available at the same site. Those wishing to listen to the live conference via telephone should dial 877-918-3040 if calling from within the United States, or +1 312-470-7282 if calling from outside the United States, at least 10 minutes before the call begins. The participant passcode for both telephone numbers is 1944793.

    As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest ratesequity indexesforeign exchangecryptocurrencies, energyagricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing. 

    CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

    CME-G

    SOURCE CME Group

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  • Experience Sussex report shows tourism contributed £4 billion to the local economy in 2024

    Experience Sussex report shows tourism contributed £4 billion to the local economy in 2024


    Release date 17 December 2025

    Experience Sussex, the official visitor economy development programme for East and West Sussex, has released research that reveals the significant value of tourism for businesses in the region. 

    • 50.6 million trips by visitors generated more than £4.06 billion for the local economy in East and West Sussex* 
    • The numbers of overseas visitors staying in East and West Sussex increased by 21% (based on the 2023 report)* 
    • Overnight visitors contribute more per person to the visitor economy than day trippers* 
      • 5.4 million overnight stays contributed £1,384 million  
      • 45.1 million daytrips contributed £1,599 million 
      • 911,000 overseas staying visitors contributed £356.5 million 

    (*Not including Brighton & Hove) 

    All businesses that operate in the visitor economy in East and West Sussex can access free business support from Experience Sussex including marketing, training, networking and signposting to grants and funding.  

    The programme is co-funded by East Sussex County Council and West Sussex County Council and is accredited by Visit England and Visit Britain as co secretariat, alongside its partner Visit Brighton, for the Local Visitor Economy Partnership (LVEP)  

    Councillor Garry Wall, West Sussex County Council’s cabinet member for economic development said: “Sussex has a world class offer with some of the finest places to visit, stay, and experience in the UK.

    “This latest report underlines the vital role that Experience Sussex plays in driving economic growth through attracting international visitors and encouraging more overnight stays. By doing this, we can boost and disperse valuable visitor spend across a wide range of businesses and local destinations.  

    “Experience Sussex supports West Sussex County Council’s plan to build a sustainable thriving economy by showcasing the best of our region- from Selsey to Rye, and from the coast up to the Downs and the Weald – to the whole world.” 

    Councillor Penny di Cara, East Sussex County Council’s lead member for economy, said: “It is hugely encouraging to see the growth in overseas visitor numbers and their overnight stays to Sussex last year, and the important contribution this makes to the region’s economy. 

    “This report highlights the success of Experience Sussex in harnessing the Sussex brand, supporting the visitor economy, and boosting other tourism marketing work across the region as well as the programme’s ongoing work to attract high spending visitors to the area.   

    “I would strongly encourage businesses that operate in the Sussex tourism sector to get in touch with the Experience Sussex team to access the free support and advice available.”  

    The Economic Impact of Tourism in East and West Sussex 2024 report was produced using the nationally recognised Cambridge Model for estimating the economic impact of tourism in an area. Data on the volume, duration, location and type of visitor spending is drawn from national and local sources including Visit Britain, Visit England, Association of Leading Visitor Attractions (ALVA), LightHouse Intelligence, AirDNA, Smith Travel Research (STR), International Passenger Survey (IPS), Office for National Statistics (ONS) and domestic tourism statistics. 


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  • Cytokinetics Announces NMPA Approval of MYQORZO® (aficamten) in China for Patients with Obstructive Hypertrophic Cardiomyopathy – Cytokinetics

    1. Cytokinetics Announces NMPA Approval of MYQORZO® (aficamten) in China for Patients with Obstructive Hypertrophic Cardiomyopathy  Cytokinetics
    2. Targeted Therapy Nears EU Approval for Obstructive HCM  Medscape
    3. Cytokinetics Receives Positive CHMP Opinion for MYQORZO® (aficamten) in the Treatment of Obstructive Hypertrophic Cardiomyopathy, Final Decision Expected Q1 2026  Quiver Quantitative
    4. Cytokinetics Wins China Approval For Myqorzo In Obstructive Hypertrophic Cardiomyopathy  Nasdaq
    5. Cytokinetics Announces NMPA Approval of MYQORZO®  GlobeNewswire

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  • Gold forecast to glitter again next year despite biggest gain since 1979 – Reuters

    1. Gold forecast to glitter again next year despite biggest gain since 1979  Reuters
    2. Gold rally to slow next year  The Express Tribune
    3. Silver price revised significantly higher for 2026, but gold will outshine – BMO Capital Markets  KITCO
    4. Gold in review from pure macro trade to cornerstone asset  home.saxo
    5. What’s Behind Gold’s Rally?  The Dispatch

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  • UKAEA and NDA strengthen collaborative approach to decommissioning

    UKAEA and NDA strengthen collaborative approach to decommissioning

    • Memorandum of Understanding agreed to enable and encourage knowledge sharing, and improve best practice
    • NDA’s extensive experience will support the decommissioning of UKAEA’s Joint European Torus (JET) with the development and implementation of safe, compliant, and efficient waste strategies, and with planning for decommissioning JET’s auxiliary buildings at Culham Campus
    • Solutions that are developed for UKAEA’s unique challenges related to JET may have potential to be applied at NDA sites

    The UK Atomic Energy Authority (UKAEA) and Nuclear Decommissioning Authority (NDA) have signed a formal agreement to share their knowledge and expertise, advancing the delivery of major decommissioning programmes.

    The NDA is responsible for decommissioning the UK’s 17 earliest nuclear sites – one of the largest and most complex nuclear decommissioning and remediation programmes in Europe.

    UKAEA’s decommissioning of the Joint European Torus (JET) will contribute invaluable insights to the development of future commercial fusion power plants and the planning of their whole lifecycle.

    By embedding learnings from the NDA, the JET Decommissioning and Repurposing (JDR) team will be able to fast-track efficiencies and best practice into its planning and delivery processes.

    The Memorandum of Understanding (MOU) formalises a working relationship between the two organisations which has existed for several years and reflects the number of shared challenges faced across the fusion and nuclear sectors.

    Both UKAEA and NDA collaborate as partners through RAICo (the Robotics and Artificial Intelligence Collaboration) and, ahead of the transition from plasma operations into shutdown, the JDR team sought advice from their NDA counterparts in areas such as waste disposal routes, processing facilities, and regulations.

    Meanwhile, technologies and techniques which are developed for JET’s unique circumstances may be adaptable for use in relevant parts of the NDA estate.

    Zac Scott, Director of JET Decommissioning and Repurposing Programme at UKAEA:

    “JDR is a world-leading programme in the fusion sector, but many of the issues we are facing are common in decommissioning. It is therefore important for the team at UKAEA to learn as we move into the next few years of delivery.

    “Over the last year we have visited a number of NDA sites and met the teams delivering decommissioning across the country. Formalising our relationship with the NDA will help us to leverage their extensive knowledge and experience, along with research and development capabilities.

    “At the same time, we will be able to share the lessons and solutions we have engineered for our own challenges which could be applied in the NDA estate. We certainly believe that this is a beneficial agreement for all stakeholders.”

    Clive Nixon, NDA Group Chief Nuclear Strategy Officer:

    “The NDA group are at the forefront of nuclear decommissioning, we have one of the most experienced and skilled nuclear workforces in the world, developing pioneering solutions which have applications across the nuclear sector and beyond.

    “The environment we work in is uniquely complex, so collaborating with UKAEA is extremely beneficial in terms of sharing expertise and knowledge to overcome some of the shared challenges we face.   

    “This agreement will enable us to build on the positive work we’ve done together to date to realise additional benefits including increased efficiencies for the taxpayer and accelerating delivery of our mission.”

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  • Memorandum of Understanding between the Government of Canada and Coveo

    The Government of Canada, represented by Shared Services Canada (SSC) and Innovation, Science and Economic Development Canada (ISED), has signed a Memorandum of Understanding (MOU) with Coveo Solutions Inc. (Coveo), a Canadian leader in applied artificial intelligence (AI) based in Québec. This strategic collaboration aims to advance digital government modernization and strengthen Canada’s AI ecosystem.

    The MOU establishes a framework for exploring opportunities to deploy AI-powered enterprise solutions across government operations to enhance service delivery to Canadians and increase internal efficiency.  These include: 

    • generative and agentic AI technologies
    • enterprise search and personalized recommendations
    • applied AI use cases to improve citizen services and internal efficiency 

    Generative AI and agentic AI have different roles. Generative AI creates content like text, images or code based on patterns it has learned. It responds to prompts by producing outputs like summaries, an image or a piece of code, but it does not act beyond generating content. 

    Agentic AI, on the other hand, can plan, reason and carry out tasks towards a goal. It works as an AI assistant, breaking down objectives and making decisions without constant human input. For example, while generative AI can create a draft report when promoted, agentic AI could automatically retrieve the relevant data, format the report and send it through the proper workflow. In short, generative AI creates content, while agentic AI takes actions and manages processes independently. 

    By investing in made-in-Canada AI, SSC is not only modernizing and enhancing public services but also supporting innovation in Canada’s tech sector. This agreement with Coveo is a foundational step toward building a trusted, sovereign AI ecosystem that reflects Canadian values and safeguards Canadian government data.

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  • UAE amends corporate and VAT rules to simplify operations – Firstpost

    UAE amends corporate and VAT rules to simplify operations – Firstpost

    The UAE has introduced certain amendments focusing on the legislative changes covering the corporate tax, value added tax (VAT), and the Commercial companies law to simplify operations, modernise the business environment and strengthen the country’s business friendly framework.

    The UAE has introduced coordinated amendments focusing on the legislative changes covering the corporate tax, value added tax (VAT), and the Commercial companies law.  

    These amendments are aimed to simplify operations, modernise the business environment and strengthen the country’s business friendly framework, aligning companies and providing them a clear guidance on taxation.  

    Corporate tax amendments 

    The corporate tax amendments clarify a detailed guidance on calculating and settling tax liabilities when credits, incentives, or reliefs apply.  

    Liabilities will be settled in a specific order: first, withholding tax credits; then, foreign tax credits; followed by any other Cabinet approved incentives or reliefs.

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    The amendments are a part of a broader 2025 corporate tax overhaul that also brings the regime in line with OECD Pillar.  

    Taxpayers are also allowed to claim payments for unused tax credits, provided they adhere to specified timelines and procedures.  

    VAT law

    On the VAT side, Federal Decree Law No. 16 of 2025, effective from January 1, 2026, simplifies tax procedures maintaining and getting in compliance with global standards.  

    Among other measures, the reforms simplify procedures by removing the requirement for self-invoicing under the reverse charge mechanism (where supporting documentation exists) and introduce a five‑year time limit for recovering excess refundable VAT.​

    These measures remove previous uncertainties and ensure consistent and transparent application of the corporate tax framework, which applies a standard 9 percent rate to companies with profits above Dh375,000 ($102,110), while profits below this threshold remain tax free.

    Businesses will no longer need to issue self-invoices under the reverse charge mechanism if supporting documentation is kept.

    Companies law

    The amendment expands flexibility and competitiveness in the corporate structures. The law introduces the non-profit company, allowing organizations to reinvest net profits to achieve their objectives without distributing profits to shareholders.

    It helps the users to solve complex problems, including the rights of voting , redemption, as outlined in a company’s articles of incorporation or bylaws.  

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  • CCPC publishes details of new enforcement actions against six traders

    December 17, 2025

    CCPC publishes details of new enforcement actions against six traders

    • 13 enforcement actions for breaches of consumer protection law
    • Traders in Dublin, Galway, Kerry, Leitrim, Monaghan and Roscommon served with fixed payment notices or compliance notices
    • Action taken against four shops, one hotel bar/restaurant, and one jeweller

    The Competition and Consumer Protection Commission (CCPC) has published details of thirteen new enforcement actions against six traders for breaches of consumer protection law. Twelve of the thirteen enforcement actions were for failing to display prices.

    The CCPC detects consumer protection breaches through instore and online inspections and investigations.

    Details of enforcement actions

    • Centz trading as Homesavers, Monaghan Retail Park, Co. Monaghan was issued three fixed payment notices for failing to display prices (1,2,3)
    • Huntsman (Western) Bottlers Ltd t/a The Huntsman Inn, College Road, Galway was served three compliance notices for failing to display price lists (1,2,3)
    • Clydaville Investments Ltd t/a Kilkenny Design, Nassau St, Dublin 2 was issued two fixed payment notices for failing to display prices (1,2)
    • Sezhic Ltd t/a Mastersons Centra, Carrick-on-Shannon, Co. Leitrim was issued two fixed payment notices for failing to display prices (1,2)
    • Euro General Retail Ltd t/a EuroGiant, Cloonybeirne, Co. Roscommon was issued two fixed payment notices for failing to display prices (1,2)
    • Cnoc na Cuillin Ltd t/a Caragh Jewellers, Killarney, Co. Kerry was issued a compliance notice for failing to display certain information required by the law (1)

    Patrick Kenny, member of the Competition and Consumer Protection Commission, said

    “At this time of year, when consumers are exceptionally busy and a lot of money is being spent, it is more vital than ever that prices are clearly and correctly shown in every shop, pub and restaurant in the country. CCPC officers will be out conducting inspections and where we find traders breaking the law, we will take action.

    “We look forward to gaining the power to directly impose meaningful fines for breaches of consumer law, sending a clear signal to businesses that they must treat consumers fairly or face serious consequences.”

    All enforcement actions, including prosecutions, are published on the CCPC website at https://www.ccpc.ie/business/enforcement/consumer-protection/consumer-protection-list/ once completed. The above enforcement actions took place between August and November 2025. Further actions from this period will be published at a later date.

     

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