Facebook owner Meta has struck a deal worth up to 100 billion dollars (£74 billion) to buy AI chips from AMD (Advanced Micro Devices) and take a stake in the firm.
The deal will see Meta, which also owns Instagram and WhatsApp, snap up a 10% shareholding in the US semiconductor company.
It is the latest in a series of major chip supply deals highlighting the significant sums being poured into the sector as technology firms compete.
The prospect of an interest rate cut next month is a ‘genuinely open question’, the governor of the Bank of England has said.
Andrew Bailey told MPs on Tuesday he will need to be confident he has seen ‘enough further evidence’ before backing a further cut.
The central bank’s nine-strong Monetary Policy Committee (MPC) will vote on whether to maintain UK interest rates at 3.75% on March 19 or potentially reduce them.
Genesis has confirmed details of its upcoming GV60 Magma.
The first of the brand’s high-performance Magma models, the GV60 brings a host of revisions and upgrades over the standard electric car.
With 641bhp and 790Nm of torque, the new GV60 Magma will dispatch the 0-60mph sprint in 3.4 seconds and will carry on to a top speed of 164mph.
Honda is recalling 46,152 UK tenth-generation Honda Civic models over optional alloy wheels that may not have been tightened correctly, risking detachment. Affected owners will be contacted in 2026; drivers can continue using their cars meantime.
New UK-bound brand Lepas, launched by Chery, will debut with the L8, a five-seat plug-in hybrid SUV. On sale Q3 2026, it targets rivals like the Toyota RAV4, with an expected 800-mile combined range.
Mazda UK honoured top retailers at its seventh All Stars awards. Edwards Mazda Kempsey led sales, Romford Mazda topped aftersales, while Oakmere Mazda Northwich and Newport Mazda won major category prizes for overall performance and approved used cars.