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EU kicks off landmark AI Act enforcement as first restrictions apply newsthirst.

The European Union is so far the only jurisdiction globally to drive forward comprehensive rules for artificial intelligence with its AI Act. Jaque Silva | Nurphoto | Getty Images The European Union formally kicked off enforcement of its landmark artificial intelligence law Sunday, paving the way for tough restrictions and potential large fines for violations….

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Fintech GoCardless halves loss, targets full-year profit by 2026 newsthirst.

Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty Images Financial technology unicorn GoCardless more than halved losses in 2024 and said it’s aiming to reach full-year profitability by 2026. The London-based startup, which helps businesses collect recurring payments such as subscriptions, reported a net loss of £35.1 million ($43.8 million)…

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Thames Water seeks high court approval for £3bn debt lifeline | Thames Water newsthirst.

Thames Water will seek court approval for up to £3bn in emergency funding, which could stave off temporary nationalisation, at a court hearing in London. A high court judge will hear from Britain’s biggest water supplier and groups of rival creditors on Monday before deciding whether to approve the rescue. Without the debt lifeline, Thames…

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Donald Trump to cut off funding for South Africa over land seizure policy newsthirst.

US President Donald Trump has said he will cut all future funding to South Africa over allegations that it was confiscating land and “treating certain classes of people very badly”. Last month, President Cyril Ramaphosa signed into law a bill that allows land seizures without compensation in certain circumstances. Land ownership has long been a…

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