Samsung is opening the world’s largest mobile phone factory in India July 9, 2018 South Korean tech group Samsung has announced the opening of the largest mobile phone manufacturing facility in the world, on the outskirts of New Delhi. Based in Noida, the facility is set to serve the fast-growing smartphone market in India which increasingly caters to local consumers looking to buy tech-enabled phones at lower prices. The [...]
Half of new cars sold in the UK to be ultra-low emission by 2030 July 9, 2018 At least half of all new car sales are to be ultra-low emission by 2030 under a government pledge to reduce the UK’s carbon footprint. The new policy sets out how the UK aims to halt its sale of petrol and diesel vehicles while stopping short of a blanket ban. At least half and as [...]
City of London is the worst offender for empty properties July 9, 2018 There are more than 10,000 commercial properties sitting empty in central London, with new figures revealing that the City has more unused space than any of its neighbours in the capital. According to a series of Freedom of Information requests by property guardian company Live-in Guardians, there are as many as 10,681 empty commercial properties [...]
Sky’s the limit: Alibaba Cloud looks to take on Amazon as it talks up a partnership with BT July 9, 2018 Chinese tech giant Alibaba is in talks to provide its cloud services to BT, in an apparent bid to take on Amazon’s dominance of the European market. Alibaba already holds a cloud services deal with Vodafone in Germany, where its first European data centre is located. If the partnership with BT were to look similar, [...]
New Brexit secretary named as Dominic Raab after David Davis resigns July 9, 2018 Housing minister Dominic Raab has been appointed as the new Brexit secretary, taking over from David Davis. The pro-Leave MP for Esher and Walton, who has also served in the Justice Department, will most likely appease some of the more ardent Brexiters, though he has not yet publicly offered a view of the position agreed [...]
Young YouTubers expect to earn twice as much as investment bankers in first year of work July 9, 2018 Students who plan to make social media their career expect to make twice as much as aspiring bankers in their first year of work. Young people eager to become well-known YouTubers are confident of earning £55,000 in their first year on the job, according to a survey of students by discount site UNiDAYS. In contrast, [...]
Chinese bid for Northern Aerospace falls through as regulator denies approval July 9, 2018 Chinese takeover attempts to buy a British defence company have fallen through, according to UK private equity firm Better Capital. Approval has not been given for aircraft parts maker Northern Aerospace to be purchased by Derby-based Gardner Aerospace, a subsidiary of Chinese aerospace and mining firm Shaanxi Ligeance Mineral Resources. Read more: Aerospace sector revises [...]
Church of England threatens to cut investment ties with oil and gas companies July 9, 2018 The Church of England plans to sell off its shares in fossil fuel companies by 2023 if they do not become more environmentally friendly. The General Synod, or the church’s parliaments, voted to channel the Church’s £8bn investment fund as well as its £2.3bn retirement fund away from oil and gas firms that do not [...]
Sadiq Khan calls for infrastructure spending push after report reveals £33bn could be added to economy July 9, 2018 Sadiq Khan has today called for a push in national infrastructure spending, after a report commissioned by City Hall revealed it could add a further £33bn to the economy extra per year by the middle of the century. Jobs, tax receipts and housing would all be bolstered if the government increased its investment in some [...]
Brexit secretary David Davis and minister Steve Baker resign arguing PM’s policy leaves UK in ‘weak’ and ‘inescapable’ position with EU July 9, 2018 Brexit secretary David Davis has resigned, just nine months before the UK is to leave the EU, arguing Theresa May’s new approach is damaging the country’s position. The Cabinet minister quit his position, saying “the current trend of policy and tactics” was making it look less and less likely that the government could “deliver on [...]