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(Sharecast News) - Repeated debilitating heatwaves this summer are likely to have cost the UK economy more than £4bn in lost economic output by the end of July, new analysis shows. Green thinktank Verdant had suggested June's unseasonally hot weather had an economic cost of £2.36bn. Updating its assessment to include last month's high temperatures, it finds a £4.4bn hit to output. - Guardian
Households living near new power pylons will have £250 a year taken off their energy bills as the UK government prepares to push ahead with more than 40 grid upgrade projects across the country. The government has promised hundreds of thousands of homes living within 500 metres of new grid infrastructure a saving of up to £2,500 on their energy bills over 10 years in return for "hosting vital infrastructure" which will help the UK transition away from fossil fuels. - Guardian
AI data centres will be exempt from strict financial crisis-era lending rules despite fears regarding the sector's debt-fuelled spending. The US Securities and Exchange Commission (SEC) has loosened rules for some data centre owners to issue so-called "asset-backed securities" (ABS), a complex type of debt which contributed to the 2007-08 crash. Owners will no longer have to comply with certain disclosure and risk rules, the SEC said, making it easier for data centre owners to borrow money. - Telegraph
Workers suffering from anxiety or depression are more likely to claim benefits after receiving advice from government job coaches, official figures show. A study by the Office for National Statistics (ONS) found that workers who received both NHS talking therapies and employment support were 4.2 percentage points more likely to claim benefits three years later, compared with those who only received therapy. - Telegraph
CoreWeave edged past analysts' estimates for quarterly revenue on Tuesday night, driven by strong demand for its computing services that power artificial intelligence systems. The cloud infrastructure technology company reported total revenue of $2.58 billion for the second quarter to the end of June, compared with analysts' average estimate of $2.56 billion, according to data compiled by the London Stock Exchange Group. - The Times
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