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US energy groups spend record sums on power plants to feed data centres

US energy companies are pouring record sums into building power plants and transmission lines to meet electricity demand from data centres, raising concerns that the costs may be passed on to consumers. According to Jefferies investment bank, utility capital expenditure is expected to hit $212.1bn in 2025, a 22.3 per cent rise year on year … Read more

Apple says Epic Games contempt ruling could cost ‘substantial sums’

An Apple store in Walnut Creek, California, U.S., on April 30, 2025. Paul Morris | Bloomberg | Getty Images Apple is asking a court to pause a recent decision in its case against Epic Games and allow the iPhone maker to once again charge a commission on in-app transactions that link out for payment. Last … Read more

Brands spend nominal sums on X ads to keep Elon Musk happy

Big brands are allocating small amounts of their advertising budget to Elon Musk’s X, seeking to avoid being seen as boycotting the social media platform and triggering a public fallout with its billionaire owner. Multiple marketing executives told the Financial Times that companies have felt pressure to spend a nominal sum on X following Musk’s … Read more

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