Bank Rate Rise to 4% Helps Savers and Squeezes Borrowers
The Bank of England raised its rate to 4% from 3.75%. The effect differs for jobs, savings and mortgages, and tracker-mortgage borrowers pay more at once.
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ORIX Aviation to Buy Newport's AerFin in £475m Deal
Japan's ORIX Aviation has agreed to acquire the Welsh engine and parts specialist AerFin for about £475m, ending Danish investor CataCap's majority ownership.
UVA Dean: AI Is Clarifying What College Is For
Christa Acampora of the University of Virginia says AI sharpens, rather than changes, the purpose of college. She names five themes, from doctoral training to student belonging.
European Groups Plan Datacentre Protests in 15 Countries
More than 100 campaign groups will hold two days of demonstrations calling for a moratorium on large datacentre projects, days after datacentre opponents won in the US midterms.
Harvard Professors Find AI Peer Reviews Beat Human Ones
Two Harvard researchers tested AI against paid human reviewers of scholarly papers. AI won in every pair judged by another model and in 87% judged by editors, and they now plan to pivot their own service.
Non-Compete Reform May Loosen Hold of UK Consulting Firms
The UK government plans to reform non-compete clauses in employment contracts. Consultancies that rely on senior staff and client ties are weighing what that could mean for them.