Carbon capture could break even by end of decade if markets continues to mature: Equinor December 1, 2021 Carbon capture and storage (CCS) services for large industrial emitters could break even in the next 10 years if emitting a tonne of carbon costs around 100 euros per tonne, Equinor’s CCS chief said at the Reuters Next conference . CCS transports CO2 from where it is emitted, typically a smokestack, and stores it, usually in [...]
Volkswagen exec warns battery technology and materials will cost north of $30bn December 1, 2021 Volkswagen’s planned European battery cell plants and securing vital raw materials will cost as much as 30 billion euros ($34 billion), board member Thomas Schmall said, putting a price tag on the expansion for the first time. Schmall, who is in charge of technology at Europe’s largest carmaker, said in an interview at the Reuters [...]
Fiat and Vauxhall owner Stellantis warns EV costs will lead to job cuts December 1, 2021 Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs. Governments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are “beyond the [...]
Crypto.com snaps up two exchanges from IG Group for $216m December 1, 2021 Crypto.com plans to purchase two exchanges from London-listed fintech IG Group in a $216m deal expected to close in the next six months.
Brickability revenue soars by 197 per cent amid construction boom December 1, 2021 Brickability benefitted from the recovery of the housebuilding market in the six months to September 2021 with revenue up 197 per cent.
House prices jump 10 per cent in a year amid buoyant market December 1, 2021 House prices are 10 per cent higher than they were last November, and grew 0.9 per cent compared to October, according to an index.
UK financial regulator proposes near doubling of fees November 30, 2021 The Financial Conduct Authority (FCA) has proposed a near-doubling of the fee it charges authorised firms for supervision services.
Half of UK businesses to increase prices as supply and labour costs rise November 30, 2021 Half of UK businesses expect to raise prices as the economy faces higher labour and supply chain costs according to Lloyds Bank.
Moderna CEO casts doubts on vaccine efficacy for Omicron Covid variant: Oil slumps and jittery Asian markets down November 30, 2021 Moderna CEO Stephane Bancel told the FT that existing vaccines would struggle with the Omicron variant and warned it would take months for pharmaceutical companies to manufacture enough jabs at a sufficient scale to make a difference. His tone contrasts with the likes of Pfizer and BioNTech, which had earlier suggested any new vaccine would [...]
Covid booster jabs rolled out to over 18s amid omicron variant fears November 29, 2021 Booster jabs will now be offered to all over 18s the government’s Joint Committee on Vaccinations and Immunisations said.