Google’s VC arm backs London climate start-up May 30, 2023 A London-based ‘carbon removals’ platform used to green the Jubilee and the Queen’s funeral has received £5.3m worth of new funding as it looks to scale up. Founded by serial fintech entrepreneur Marta Krupinska, climate scientist Dr Gabrielle Walker and Mark Stevenson, Cur8 is the market maker for carbon removals. The firm buys carbon removal [...]
Indian authorities push forward with “graft” probe into BAE Systems and Rolls-Royce May 30, 2023 INDIAN authorities yesterday took the next step in a long-running, historic case against BAE Systems and Rolls-Royce over alleged graft almost twenty years ago. The authorities allege a “criminal conspiracy” related to the purchase of training jets in 2005, with Indian prosecutors saying in a document seen by Reuters that the deal was done as [...]
Rail strikes add to pain for hospitality as trade body warns of crisis point May 30, 2023 RAIL STRIKES this week are set to add to the woes of the hospitality industry, already bruised by an almost doubling of energy bills. Industrial action by the RMT and ASLEF unions will see walkouts on three separate days of what would have been a busy week for bars and pubs. Staff will walk out [...]
Toyota chair under pressure as proxy adviser urges shareholders to vote against board reappointment May 29, 2023 Toyota came under pressure over the weekend as proxy advisers urged shareholders to back calls to improve the automaker’s disclosure of climate-related lobbying, and vote against the reappointment of its chair as a director. On Friday, US-based proxy adviser Glass Lewis recommended that Akio Toyoda, who stood down as president and CEO in January and [...]
Labour ‘may as well hand out dole notices’ after North Sea oil ban plans May 29, 2023 LABOUR were accused of undermining the UK’s energy security after it emerged the party was considering banning new North Sea oil and gas licences, should it win the next election. Reports in the Sunday Times suggested that Keir Starmer and his shadow chancellor, Rachel Reeves, were minded to block any new development in what remains [...]
Spain: Local elections rout sees PM call snap election for July May 29, 2023 A LOCAL elections rout over the weekend has forced the socialist Spanish Prime Minister Pedro Sanchez to declare a snap election. A host of regional governments fell from Sanchez’s party’s control into the hand of the main conservative opposition, the People’s Party, with the PM saying he must “take personal responsibility for the results.” The [...]
Over-fifties add second jobs as cost of living bites into savings May 29, 2023 The number of people aged 50 and older with a second job has increased by more than 100,000 in the past decade, according to new research. The total jumped to more than 440,000 in the first quarter of the year, almost a third more than the same period in 2013, said Rest Less, which offers [...]
Rolls-Royce: ‘No decision’ on job cuts May 28, 2023 British engine maker Rolls-Royce has made no decisions regarding changes to its workforce, a company spokesperson said on Saturday, after a Sunday Times report said the company was expected to cut about 3,000 non-manufacturing staff. The Sunday Times report added that chief executive Tufan Erginbilgic has hired consultants led by McKinsey to advise on streamlining the company. [...]
Analysis: Why US debt ceiling deal might not be good news for global markets May 28, 2023 Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Saturday reached a tentative deal to raise the federal government’s $31.4 trillion debt ceiling, two sources familiar with the negotiations said, potentially averting [...]
Wagner boss to Putin: Ignore me, and it’ll be trouble May 28, 2023 Russia’s most powerful mercenary said on Sunday he was convinced that senior Kremlin officials had banned reporting about him on state media, cautioning that such a misleading approach would lead to a backlash from the Russian people within months. Yevgeny Prigozhin, founder of the Wagner mercenary group, is the most striking member of President Vladimir Putin’s circle [...]
