Calls grow for ministers to block Chinese acquisition of British aerospace firm June 26, 2022 The government is being urged to step in and block the acquisition of British aerospace firm AIM altitude by a state-controlled Chinese group as fears grow over the influence of China in British businesses.
Business of Space: Big decisions for satellite giants – to merge or to share? June 24, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. Inmarsat prepares for rival takeover SpaceX and OneWeb pledge cooperation NASA’s Artemis programme heads for major test Inmarsat: Nearly over the dotted line British satellite darling Inmarsat is getting increasingly closer to a successful takeover by US rival Viasat, as pressure [...]
City of London to ignite UK space boom, says science minister June 24, 2022 Britain’s space boom could be supercharged by the City of London’s expertise and financial muscle, the minister responsible told City A.M. yesterday. While the global space economy has spent the last 40 to 50 years recovering from a Cold War hangover, “We’re now in the hockey stick of a huge commercial space boom,” science, research and innovation [...]
Warehouse robots firm BotsAndUs ready for global push after $13m seed funding June 23, 2022 London robotics firm BotsAndUs said it was readying an international expansion today after closing a $13m funding led by European venture outfit Lakestar.
GSK to inject £1bn into new vaccines, as demerger leaves it with ‘less distractions’ June 23, 2022 GSK has announced it will inject £1bn into the research and development of infectious diseases over the next decade, just weeks after a major demerger. The British pharmaceutical giant will focus on diseases that disproportionately impact lower-income countries, in a move predicted by analysts since GSK split from its consumer healthcare division, now a separate [...]
Cybersecurity is not just the IT team’s responsibility: ‘This mistaken belief will cost you dearly’, warns industry insider June 23, 2022 Globally, SMEs have proven themselves to be easy and profitable targets for cybercriminals. Alarming statistics seem to be commonplace these days, but a few released recently still hold enough power to pack a punch. City A.M. spoke to David Steele, founder of SecuriCentrix, about the risks he sees companies take in their approach to cybersecurity, [...]
Instagram teams up with London ID firm Yoti to test age verification feature June 23, 2022 Instagram have teamed up with London-based startup Yoti to test a new age verification feature for 18 and over accounts.
KPMG opens virtual office in the metaverse for staff in US and Canada June 23, 2022 KPMG has set up an office in the “metaverse” for staff in the US and Canada to facilitate cross-border collaboration. The Big Four firm yesterday opened its first ever “metaverse collaboration hub,” with a view to letting staff work in an “immersive” virtual world. KPMG said its new virtual office will facilitate collaboration between its [...]
Gambling giant 888 predicts drop in half year revenues as restrictions bite June 23, 2022 British gambling giant 888 said today it expected revenues for the half year to dip as it feels the impact of stricter gambling measures and a temporary withdrawal from the Netherlands.
Supreme Court ruling paves way for 5G coverage expansion in the UK June 22, 2022 The Supreme Court handed down a fresh ruling this morning that makes it easier for telecommunications firms to deploy 5G infrastructure in the UK.