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United Kingdom
More about this topic
Tech News
UK's biggest AI supercomputer may have to wait until 2030s for enough power
The UK start-up says the data centre could eventually expand from 50 to 90 megawatts of power — enough, if used continuously, to consume as much electricity in a year as about 315,000 typical UK homes, based on 2026 figures from UK energy regulator Ofgem.
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Business
UK major banks make first interbank payments with tokenised deposits
Britain's largest banks have completed what the industry describes as the first transactions anywhere using tokenised deposits to move money between one another, a milestone for a blockchain-based form of bank money that the Bank of England favours over privately issued stablecoins.
Tech News
Scotland puts brakes on hyperscale AI data centre boom
The move comes as Scotland sees a surge in proposed data centres linked to the global AI boom. More than 20 large facilities have been proposed, including one project in Fife, in eastern Scotland, that has been described as potentially the second largest in the world.
Economy
Bank of England holds rates at 3.75% as inflation hits five-month high
The Bank of England has kept its main interest rate at 3.75%, but three of its nine policymakers voted to raise it, exposing a divided committee as the energy shock from the Iran war pushes inflation to a five-month high of 3.1%.
