Glencore invests in Britishvolt’s electric battery gigafactory plans August 17, 2021 Mining giant Glencore is investing in the battery start-up Britishvolt and its construction of a gigafactory to support the UK’s car industry transition to electrical vehicles. As part of the partnership, Glencore will also supply cobalt, one of the key raw materials used in electric batteries, the Financial Times reported. As the biggest producer of [...]
Space Race: Jeff Bezos sues Nasa over Elon Musk deal August 17, 2021 The space race is heating up as Jeff Bezos’ firm Blue Origin sues Nasa over its decision to award a lunar lander contract to Elon Musk’s SpaceX. Bezos has filed a lawsuit in federal court which challenges NASA’s decision to award a $2.9bn (£2.1bn) contract to SpaceX which will see the company build a spacecraft [...]
UK government launches hydrogen roadmap in bid to reach net zero August 17, 2021 The UK government has launched the country’s first ever roadmap to develop a low carbon hydrogen sector as part of its plan to reach net zero. The government announced today it will inject millions into subsidies to incentivise manufacturers to ramp up hydrogen production. As part of the plan, the government will provide £105m in [...]
PM set to unveil ‘bespoke plan’ to help settle vulnerable Afghans in UK August 17, 2021 The Prime Minister will unveil a “bespoke” resettlement scheme for vulnerable Afghans as efforts to get British nationals and other support staff back to the UK continue. Boris Johnson would give more information about the refugee scheme in the coming days, with the policy anticipated to be focused on helping women and girls, Number 10 [...]
Thought leaders and industry experts to gather for CA Summit 2021 August 17, 2021 | City Talk If you’re working in or around the field of finance or accountancy, this is an event you won’t want to miss. Split into three chapters – Learn, Grow and Inspire – with a day devoted to each, the CA Summit 2021 is packed with talks, presentations and interviews. We’ve taken on board feedback from last year and [...]
July online sales reach record high of £10bn as return to the office boosts consumer spending August 16, 2021 UK e-commerce spending hit £10 bn in July, the highest monthly spend in 2021 so far, and the most spent in July ever according to Adobe’s Digital Economy Index. This brings this year’s total online spend to £64.9 bn, a massive increase of 56 per cent from 2019. While offline inflation has continued to increase [...]
President Biden stands ‘squarely’ behind decision to withdraw from Afghanistan August 16, 2021 US President Joe Biden has stressed a “swift and forceful” response if the Taliban attempts to disrupt the US evacuation from Afghanistan. “Once we have completed this mission, we will conclude our military withdrawal,” Biden told journalists after the Taliban seized all major cities in Afghanistan. The President said it would be wrong to ask [...]
A British soldier’s view on Afghanistan’s turmoil: ‘What on earth was it all for’ August 16, 2021 The Taliban advances in Afghanistan has left seriously injured British veteran Ben Parkinson asking “what on earth was it all for” and as he hopes no more British soldiers are harmed. Parkinson suffered horrendous injuries when an Army Land Rover hit a mine near Musa Qala in 2006, and is regarded as the most severely [...]
Wall Street banks start enforcing stricter mask and vaccine requirements August 16, 2021 Big Wall Street banks have started enforcing stricter mask and vaccine requirements for staff, sometimes communicating them behind the scenes, in an effort to combat coronavirus infections in their offices while avoiding a fierce national debate about individual rights, sources at the banks and consultants who work with them have said. Watch the full report.
Football clubs, players and agents increasingly on HMRC’s radar August 16, 2021 HMRC tax investigators are targeting football clubs for £45m in tax they have underpaid, City A.M. can reveal today. According to data provided by HMRC to accountancy firm UHY Hacker Young and shared with this newspaper today, HMRC has uncovered £5.8m in tax owed by players and £4.8m owed by agents in the last year. [...]