EXCLUSIVE: UK semiconductor industry in urgent need of a strategy, say Nexperia, Imagination, IQE and Paragraf August 26, 2022 The UK is in urgent need of a strategy to bolster its semiconductor industry, bosses of some of the country’s biggest chip companies have told City A.M. Maintaining a steady supply of semiconductors will be critical to the electric vehicle transition and roll out of 5G infrastructure. The long-awaited strategy is expected to be published [...]
Police charge man from Norway, 29, over city stabbing, will appear in court today August 26, 2022 Police have charged a man from Norway with attempted murder over a stabbing near Liverpool Street station. Egidijus Kotovas, 29 of Oslo was arrested by the City of London Police on Thursday. The victim was stabbed in an unprovoked attack in a doorway in Blomfield Street in the City of London at around 4:10am on [...]
Zahawi: Energy price cap rise will cause ‘stress and anxiety’ August 26, 2022 Chancellor Nadhim Zahawi has acknowledged today’s 80 per cent price cap rise will cause “stress and anxiety” as campaigners urge the government to take action. In a move that will concern millions of Brits, this morning it was announced by Ofgem the energy price cap will rise to £3,549 per year from October. The rise [...]
Indecision over Nexperia takeover review risks hurting UK semiconductor industry, Paragraf warns August 26, 2022 The government’s failure to complete the security review of Nexperia’s takeover of Newport Wafer Fab risks hurting the UK’s semiconductor industry, CEO of British semiconductor startup Paragraf told City A.M. “Not making the decision is more damaging than making the wrong decision sometimes,” Simon Thomas said. Thomas described the looming national security review as the [...]
Rishi Sunak: UK shouldn’t have ’empowered scientists’ at start of lockdown August 25, 2022 RISHI Sunak has said government “shouldn’t have empowered the scientists in the way we did” at the start of the Covid-19 pandemic. The former Chancellor told The Spectator magazine that there was a failure to “acknowledge trade-offs from the beginning” and that lockdown’s impacts on other health services, as well as schools and the economy, [...]
Police appeal for witnesses over stabbing as man, 20, held for attempted murder August 25, 2022 Police are appealing for witnesses following an attempted murder in the city, as a 20-year-old man has been arrested on suspicion of attempted murder. The victim was stabbed in the doorway of Blomfield Street at 4.10am in the early hours of Wednesday morning, in what the City of London Police describe as an ‘unprovoked attack’. [...]
Money laundering duo sentenced over scheme linked to millions with 20 victims including a care home August 25, 2022 A money laundering duo have been sentenced for their role in a scam linked to millions of pounds and more than 20 victims, including a care home. Naeem Khalid was sentenced to 46 months in jail while Abiya Hussain was given an 18-month community order, and are now subject to confiscation proceedings. The pain were [...]
Boris Johnson: We’re paying higher energy bills due to Putin, Ukraine is paying in blood August 25, 2022 As Brits face soaring energy bills in part due to Russia’s war in Ukraine, outgoing prime minister Boris Johnson said they should take on the burden because “the people of Ukraine are paying in their blood”. The soon-to-be former prime minister made his remarks during a surprise visit to Kyiv as Ukraine marked its 31st [...]
Ukraine war: Russia kills 22 in missile strikes on rail station August 25, 2022 At least 22 people are said to have been killed during two missile strikes on a Ukrainian rail station, as Kyiv marked its 31st annual day of independence from Moscow. The attack on Chaplyne, 90 miles west of Russian-occupied Donetsk, was announced by President Volodymyr Zelenskiy during a video address to the United Nations yesterday. [...]
Peter Mandelson calls on Labour to ‘redouble’ its private donation efforts August 24, 2022 Lord Peter Mandelson has called on Labour to “redouble” its efforts to bring in private donations amid claims the party is struggling to fill its coffers. The party grandee, and New Labour architect, told City A.M. that Sir Keir Starmer “cannot allow himself or the party” to become beholden to “hard-left trade unions” that “are going to [...]