Feeding the nation, with robots: New funding round for farmers encourages automation December 14, 2022 A new round of farming funding to the tune of £12.5m will help those who feed the nation launch new automation and robotics projects. The latest chunk of a £270m programme launched last year was announced this morning by Defra (the department for environment food and rural affairs), in partnership with UK Research and Innovation [...]
HSBC confirms plans to stop funding new oil and gas fields December 14, 2022 HSBC has revealed it will stop funding new oil and gas fields, as part of a wider update of its environmental policies.
Arm shies away from China over US and UK export controls on advanced chips December 14, 2022 British chip firm Arm has been taken off the roster for China’s semiconductor supply chain after the UK and US adopting stringent export controls on advanced chips to the country. It has reportedly left Chinese consumer technology giant Alibaba unable to get its hands on some of the most advanced chips in the sector, according [...]
The Christmas Quiz: Twelve questions to test your grey matter December 14, 2022 Roll up, roll up, for the City A.M. quiz in association with Deloitte's economics team. Twelve questions, all (just about) related to business and economics
Tui Group’s revenues take off as holidaymakers return to the skies December 14, 2022 Tourism specialist Tui Group (Tui) has begun to show signs of recovery from the pandemic, recording a four-fold increase in revenues.
City Moves: Who’s switching jobs in the Square Mile? December 14, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Cadwalader, Wickersham & Taft Law firm Cadwalader, Wickersham & Taft has poached its latest partner from Hogan Lovells. New ESG finance and investment partner Sukhvir Basran had previously co-founded Hogan Lovells’ global sustainable finance and investment group. [...]
Shapps refuses to confirm fee for buying out China’s Sizewell C stake December 14, 2022 Business Secretary Grant Shapps refused to provide a figure for the cost of buying out China's stake in proposed nuclear project Sizewell C.
London gold market sued over ethical labelling for Tanzanian mine December 13, 2022 THE WORLD’S biggest bullion market is facing a High Court lawsuit over claims it wrongly certified gold from a Tanzanian mine as being responsibly sourced despite being at the centre of multiple allegations of human rights abuse. The London Bullion Market Association (LMBA) is being sued for an undisclosed sum by the families of two men [...]
KPMG chief snubs global split as consulting arm drives growth in revenues December 13, 2022 The global head of KPMG today slapped down suggestions it might follow EY in pursuing a global split, in claiming the accounting firm’s strong financial performance “validates” its current approach. KPMG chief executive Bill Thomas rejected plans for a split in claiming the Big Four firm’s results “validates an unwavering commitment to deliver services… through [...]
Solidarity? These rail strikes hit the lowest-paid the hardest December 13, 2022 In primary schools across the world, teachers spend hours pointing out to their students the wonder of the natural world – the way all the pieces fit together to make a whole. Bug-eyed kids stare avidly at the inner workings of an ant’s nest; others might be shown a video of the ways bee colonies [...]