Wednesday 29 October 2025
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.theguardian - 2 days ago

Oil firm Petrofac enters administration, putting 2,000 jobs at Greencore-Bakkavor food giant deal faces UK competition concerns – business live

Asian shares jump on US-China trade optimism, while European stock markets are mixedThe oil and energy company Petrofac has filed for administration, putting 2,000 jobs in Scotland at risk.Petrofac said its holding company has applied to the High Court of England and Wales to appoint administrators – which will only affect the holding company.When appointed, administrators will work alongside Executive Management to preserve value, operational capability and ongoing delivery across the Group’s operating and trading entities.I think AI will probably help creativity, because it will enable the 8 billion people on the planet to get started on some creative area where they might have hesitated to take the first step.AI gets them going and writes the first paragraph, or first chapter, and gets them back in the zone. And it can do similar things with painting and music composition and with almost all of the creative arts.We are programmed deep in our DNA to be comforted by the authority and the reliability of big brand names, and that applies more than ever to the names of big writers.There will be some shoddy content out there so people will turn increasingly to sources of authority for reassurance. Continue reading...


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