Toyota shares soar following unveiling of new EV tech June 13, 2023 Toyota saw its shares bump up on Tuesday following the unveiling of a host of new EV-related technologies from 2026, which it said will help cut costs and regain competitiveness in the global transition towards electric vehicles. Following the announcement on Tuesday morning, company shares surged five per cent. Toyota said that the new “next [...]
British Gas boss secures £4.5m payout as Centrica wins over shareholders June 13, 2023 The hefty £4.5m proposed pay-packet for Chris O'Shea, the boss of British Gas owner Centrica, has been confirmed.
Why Rishi Sunak’s crypto investment quote has the tech industry excited June 13, 2023 When storied Silicon Valley investment firm Andreessen Horowitz made the announcement that it would be setting up a dedicated crypto arm in the UK yesterday – the firm’s first base outside the US – the announcement came with high profile backing: the Prime Minister, Rishi Sunak. Sunak championed the launch on Twitter and said in [...]
OPEC holds oil demand view steady despite economic growth warning June 13, 2023 OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday amid global economic uncertainty.
To optimise talent and technology, it’s time to transform how we teach June 13, 2023 We must convince the government that more must be done to fully enable our young people in matters of AI, says Lord Holmes.
400 jobs saved in Dirty Martini deal June 13, 2023 Some 400 hospitality jobs have been saved thanks to Night Cap bar group’s acquisition of Dirty Martini and Tuttons Brasserie following a pre-pack administration sale for close to £5m. The deal includes five Dirty Martini bars in London and five across Birmingham, Bristol, Leeds, Manchester and Cardiff. Tuttons Brasserie, a restaurant in Covent Garden, which [...]
Tech Week Day Two: Lack of diversity remains a black mark on UK tech’s track record of success June 13, 2023 In the last decade, London’s tech ecosystem has grown to encompass a diverse set of verticals: from AI, to fintech, climate tech and crypto. However, when it comes to improving the diversity of the people who make up the capital’s tech industry, progress has been slower. While many UK tech companies publicly say diversity is [...]
AMTE boss threatens to build £250m Dundee gigafactory overseas June 13, 2023 The boss of one of the UK’s last battery manufacturers, AMTE Power, has threatened to build its new planned factory overseas, should the UK fail to boost subsidies to levels competitive with the European Union (EU) and US. Allan Hollis, CEO of AMTE Power told the Financial Times that “for gigafactory-scale production, we have to [...]
Crypto exchange Bitstamp wins FCA approval ahead of regulatory clampdown June 13, 2023 Crypto exchange Bitstamp has won authorisation from the UK’s financial watchdog today and doubled down on investment in Britain despite a looming clampdown from regulators.
Tech experts support UN calls for global AI watchdog June 13, 2023 Tech experts have voiced their share in concerns over the safety of artificial intelligence (AI) this week, following world leaders’ calls for a global regulator. Antonio Guterres, secretary-general of the United Nations (UN), declared on Monday that he “would be favourable to the idea that we could have an artificial intelligence agency”, suggesting it could [...]
