Recruitment Firm 'Phoenixism' Costs Taxpayers Millions
An investigation reveals how 'pre-pack' administrations allow directors to shed tax debts and resurrect businesses, costing the exchequer an estimated £840m annually. Read the full analysis.
Category : Search result: data centre debt
California's 'Drop' Tool Targets 500 Data Brokers
California's new 'Drop' platform lets 40 million residents request mass deletion of their personal data from 500 brokers. State claims it's a world-first tool for privacy control.
China's Venezuela Risk After US Seizes Maduro
Beijing condemns US 'imperialist' action as Trump's seizure of Nicolás Maduro threatens China's $106bn investments and oil interests in Venezuela. Analysis of the diplomatic fallout.
UK credit card borrowing hits fastest annual rise in 2 years
UK households borrowed an extra £2.1bn in November as the cost of Christmas bit. Credit card borrowing grew at 12.1% annually, the highest rate since January 2024. Read the full analysis.
AI's $400bn Debt Bubble Poses Major 2026 Economic Risk
The AI investment boom, fuelled by debt and soaring to $400bn in 2025, faces a reckoning as revenues fail to cover costs. Experts warn of a market correction with global consequences.
Australia's privacy regulator targets estate agents in data sweep
Australia's privacy watchdog launches a compliance sweep targeting estate agents, pubs, and car dealers over personal data collection. Businesses face fines up to $66,000 for failing legal standards. Read the full investigation.
New Year's Day is the world's most popular day for sex
Data from period app Clue shows January 1st sees a global peak in sexual activity, beating Valentine's Day. Experts explain why rest and proximity fuel our libido.
LK Bennett files for administration for second time
The upmarket fashion brand LK Bennett has filed a High Court application to appoint administrators, putting 280 jobs at risk. Read the latest on the retailer's financial crisis.
Cleared £30k Debt in London Hostel
Zahra Khozema paid off £30,000 debt while living in a Notting Hill hostel for £80 a week. Discover her unique London money-saving story and tips.
UK Pays Off Final WWII Loan Instalment to US
On this day in 2006, Britain made its final payment on the post-war Anglo-American Loan. Discover the story of the 1945 agreement that signalled a shift in global power.
Bromley's Major 2026 Developments: Homes, Tower & Leisure
Bromley faces a transformative 2026 with plans for thousands of green belt homes, a controversial 19-storey tower, and new £22m leisure centres. Explore the key projects shaping the borough's future.
Father Rejects Santa Myth to Avoid Christmas Debt Trap
A writer explains his deliberate choice to not teach his children about Santa Claus, fearing the 'moral economy' of Christmas that judges parents by spending. With 1 in 3 UK families struggling, he calls for honesty over festive fantasy.
Santa's List: Who's Checking the Checkers?
As Christmas Eve approaches, questions arise over the oversight of Santa's famous 'naughty or nice' list. Who ensures its accuracy and fairness? We investigate the festive data dilemma.
86m Spotify tracks stolen in major data scrape
Activist group Anna's Archive claims to have scraped 86m music files from Spotify, raising fears the data will train AI models. Read the full story on the copyright battle.
Single mum's Christmas money worry as costs soar
A single mother from Leicester reveals her stress over festive costs. With average UK spending at £1,626, expert advice offers budgeting tips to avoid debt.
Economists call for Sri Lanka debt halt after cyclone
Over 120 leading economists, including Nobel winner Joseph Stiglitz, demand immediate suspension of Sri Lanka's debt repayments following catastrophic Cyclone Ditwah, which killed 600 and destroyed thousands of homes.
Carer's Allowance scandal: DWP faces pressure over debts
Senior DWP officials face mounting criticism for a 'misleading' response to systemic failings that plunged hundreds of thousands of unpaid carers into debt. Read the full report.
Drivers Accuse Security Firm of False Fuel Theft Claims
A Blackburn family was barred from over 1,300 stations for 19 months after being accused of a £20.01 fuel theft they insist they paid for in cash. Read their story and the wider issue with ANPR evidence.
Massive data centre's water demand raises environmental concerns
Plans for the UK's biggest data centre in Northumberland face scrutiny over its colossal water needs, equivalent to a town of 50,000 people. Local campaigners warn of environmental strain.
China's rural protests surge as migrant workers return home
A 70% surge in rural protests across China reveals a crisis of returning migrant workers and local government debt, sparking clashes over land and livelihoods. Explore the deepening social fissures.
Michigan residents fight 'uniquely evil' $7bn data centre
Residents of Saline Township, Michigan, are battling a massive data centre backed by tech tycoons, fearing soaring bills, pollution, and the destruction of their rural community. A classic David vs Goliath story unfolds.
Croydon gains £120m in Fair Funding review
Croydon Council is set for a £120m funding boost over three years after a historic government review. The new Fair Funding 2.0 model aims to better reflect local need, but the borough's massive debt remains a challenge. Read the full story.
Tech Stocks Fall on Oracle Data Centre and AI Debt Concerns
US tech stocks led a market sell-off after Oracle lost backing for a $10bn data centre, fuelling investor anxiety over massive AI infrastructure debt. Discover the full impact.
Westminster Council warns personal data copied by hackers
Westminster City Council confirms hackers likely copied sensitive resident data in a November cyber attack. The council is investigating the breach's full impact. Find out which services are affected and how to get help.
Pornhub data breach exposes 200m premium user records
Hackers accessed viewing habits and search history of Pornhub Premium users. The breach, linked to ShinyHunters, involves data from before 2021. Read the full details.
Grand Slam Track owes athletes huge sums, future uncertain
World Athletics warns the Michael Johnson-backed Grand Slam Track may not return in 2026 despite bankruptcy filing. Stars like Sydney McLaughlin-Levrone are owed hundreds of thousands. Read the full financial crisis details.
Great Lakes water crisis as AI data centres move in
Water levels across the Great Lakes are falling, just as energy-hungry mega-scale data centres move into the region. Communities in Ohio and Michigan are fighting back against the threat to their water supply. Read the full investigation.
Citi and LSEG Strike Major Data Partnership
Citi partners with London Stock Exchange Group to integrate Workspace data, aiming to boost efficiency for its 35,000 investment bankers. Discover the strategic move.
DWP boss blames carers for £300m allowance scandal
A top DWP civil servant has blamed claimants for the carer's allowance crisis, contradicting an official review that found systemic failures. Over 180,000 carers face life-changing debts.
MP Uses Custard Creams to Explain Why 'Britain is Broke'
A Labour MP's viral TikTok uses biscuits to illustrate the UK's debt crisis and economic stagnation. Discover his novel approach to political storytelling.
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