UK scientist David WC MacMillan wins Nobel Prize in chemistry October 6, 2021 Scottish scientist David MacMillan was awarded the Nobel Prize in chemistry this afternoon. Professor MacMillan, of Princeton University in the US, wins the prize jointly with German scientist Benjamin List. MacMillan and Professor List, of Germany’s Max Planck Institute, were given the prize for developing a new way of building molecules, according to the Royal [...]
Elektron fired up over orders October 6, 2021 Components manufacturer Elektron said yesterday that its order books going into the second half were 5 per cent ahead of last year. The firm, which makes switches and indicator lights for household appliances such as coffee machines and laser printers, reported an operating profit of £1.02m in the six months to 31 July up 5 [...]
Elon Musk blasts chipmakers over ‘problematic’ supply October 6, 2021 Elon Musk has fired a broadside at two of the world’s largest chip manufacturers, accusing them of hampering production of Tesla’s electric cars. The boisterous billionaire said Tesla was “operating under extreme supply chain limitations regarding certain ‘standard’ automotive chips”. He singled out Renesas and Bosch as the “most problematic by far”. Car manufacturers have [...]
Mark Zuckerberg loses $6bn in Facebook selloff spree following global outage October 5, 2021 Mark Zuckerberg has lost $6bn in a Facebook selloff spree that followed in the wake of a massive server outage yesterday, as well as accusations against the social media giant in relation to children’s interests through its flagship product Instagram. Zuckerberg came down a notch on the richest man’s list as Facebook’s stocks plummeted 4.9 [...]
Exclusive: Pandemic has exposed lack of data literacy amid growing digital skills gap October 5, 2021 Throughout the coronavirus pandemic, key decisions have been made hastily and without the use of data, according to a new survey among thousands of key decision makers across the UK. which was shared exclusively with City A.M. The study shows widespread concerns about data skills despite the vast majority of C-suite executives (75 per cent) [...]
Melrose warns chip shortages and rising costs are impacting its GKN business October 5, 2021 Turnaround specialist Melrose Industries has warned over a hit to trading from worsening chip shortages and supply chain problems. The owner of engineering giant GKN said its automotive and powder metallurgy divisions are taking the brunt of the impact, with car production globally being hampered by a shortage of semiconductor chips. Melrose said: “The timing [...]
Sit down: The CEO of the UK’s first-ever space flight regulator October 1, 2021 The UK’s recently unveiled space regulations mark a “really important milestone” for the country as an island emerging from a pandemic following Brexit, the boss of the UK’s aviation watchdog has told City A.M. Civil Aviation Authority (CAA) boss Richard Moriarty – the regulator now responsible for space flight – explained fresh rules governing the [...]
ASOS brings 180 jobs to Northern Ireland as it launches tech hub in Belfast September 28, 2021 Northern Ireland’s Economy Minister Gordon Lyons this morning announced that online fashion retailer ASOS will invest £14m in a new Tech Hub in Belfast which will create 184 new jobs over the next three years. The new Belfast hub will be operational in early 2022, with 52 dedicated roles in the first year, growing to [...]
Space nation: UK looks to make finance more accessible for space tech firms September 27, 2021 The UK is looking to grow itself into a space nation, according to the government’s space strategy published today, as it looks to make finance more accessible for space tech firms. It marks what prime minister Boris Johnson called the “start of the countdown”, as the country readies itself to begin sending its first launches [...]
Undisclosed companies gain access to facial data collected by NHS app September 24, 2021 Undisclosed companies are reportedly analysing facial data collected by the NHS app, which has gained popularity after becoming the easiest way to access Covid-19 vaccine certificates. The NHS app, separate to the Covid-19 app and downloaded by some 16m, uses facial verification software for ID checks when signing up. French call centre specialist Teleperformance, which [...]