Watch out Apple: London’s smartphone maker Nothing reveals fresh model following £166m Alphabet funding June 15, 2022 London tech start-up Nothing unveiled the design of its debut smartphone this morning after securing more than $200m (£166m) in funding from the likes of Alphabet’s venture capital arm EQT Ventures.
BP buys hefty stake in $30bn renewable mega-project in Australia June 15, 2022 BP has snapped up a chunky stake in a massive renewable energy project in Australia - which could become the largest green project in the world.
Motorpoint CEO: Business expands while rivals hit by volatile environment June 15, 2022 Online car retailer Motorpoint is better equipped to navigate a volatile market compared with rivals, according to chief executive Mark Carpenter. At a time when competitors such as Cazoo and Carzam are either enforcing significant cuts to stay afloat or collapsing, Motorpoint’s profits and revenue boomed. In the year ended 31 March 2022, the company’s [...]
EU aviation regulator backs Airbus in A350 surface damage dispute June 15, 2022 EU aviation regulator EASA has backed Airbus in its legal dispute against Qatar Airways over surface damages present on the A350 fleet. EASA has argued that paint problems on the aircraft was an aesthetic defect that couldn’t lead to safety issues, despite claims by Qatar that the damage was a hazard as it left the [...]
Dominic Raab intervened to increase legal watchdog’s fining powers June 15, 2022 Justice secretary Dominic Raab personally intervened to push forward plans to increase the solicitor’s watchdog’s fining powers, after MPs called for a toughening up of the regulator, to deter law firms from working for oligarchs. The Deputy Prime Minister “sought the views” of the Law Society, Solicitors Regulation Authority (SRA), and Legal Services Board, whilst [...]
Law firms join forces to press claims on Woodford fund collapse June 15, 2022 Two of the law firms pressing claims over the alleged mismanagement of the now collapsed Woodford Equity Income Fund are looking to join forces in a bid to win redress for investors.
Volkswagen to overtake Tesla as main BEV maker by 2024 June 15, 2022 Volkswagen is set to overtake Tesla as the world’s largest manufacturer of battery electric vehicles (BEV) by 2024, according to a recent report by Bloomberg Intelligence. Figures showed that most automotive marquees lack profit incentives to take over Tesla, except for Volkswagen as its sales volume for battery-electric vehicles will reach to 45 per cent [...]
Rail operators urge commuters not to travel unless necessary next week as strikes loom ahead June 15, 2022 Rail operators are urging commuters not to travel unless necessary as thousands of workers are set to walk out next week. More than 40,000 members of the RMT union will strike on 21, 23 and 25 June over job cuts and salaries. South Western Railway (SWR) told customers to expect “severe disruption,” encouraging them to [...]
Patel: UK’s Rwanda immigration policy is ‘legally compliant’ June 15, 2022 Priti Patel has said the UK’s policy to send Channel migrants to Rwanda is “fully compliant” with domestic and international law, while not ruling out a move to withdraw from the European Convention on Human Rights (ECHR). Responding to a decision by European judges to block the first flight of immigrants to Rwanda, the home [...]
Steel can power UK’s energy ambitions, says Severfield boss June 15, 2022 Steel has a vital role in boosting energy infrastructure and help power the transition to a greener economy, argued Severfield's boss.