BT runs supply chain ‘war game’ signalling growing fears of China-Taiwan conflict April 16, 2023 Telecoms group BT carried out tests on its supply chain in order to prepare for any fallout amid escalating conflict between China and Taiwan in a “war game” that lasted two days last year. The simulation was conducted following the visit of US speaker Nancy Pelosi to Taiwan last year, which China deemed as an [...]
G7 ministers set big targets for solar and wind but stop short of phasing out coal April 16, 2023 The G7 has set big new collective targets for solar power and offshore wind capacity, but stopped short of a quicker date for phasing out coal.
John Wood Group warms to Apollo’s £1.7bn takeover offer April 16, 2023 A US private equity group is on the verge of taking over oil and gas engineering giant John Wood Group, in a £1.7bn takeover.
Top Tory donor says he won’t give Conservative party any more cash April 16, 2023 Top Tory donor and hotel mogul Sir Rocco Forte has said he won’t hand over any more cash to the Conservative Party. Speaking to GB News, the businessman, who founded the world famous Rocco Forte hotel chain, said the party no longer stands for anything he believes in and that he was “not a fan” [...]
Investors urge Teck to engage with Glencore after rejecting $23bn takeover bid April 16, 2023 Teck Resources is facing increasing pressure from its own investors to hold talks with Glencore and abandon its own plans to split up its business.
Exxon boss’ pay rose 52 per cent in 2022 – the highest among oil peers April 16, 2023 Exxon boss Darren Woods has enjoyed a hefty 52 per cent hike in his pay packet - rising to $35.9m last year.
Former COP26 president Alok Sharma denies bullying allegations April 16, 2023 Conservative MP and former COP26 president Sir Alok Sharma has been accused of “bullying” civil servants, according to a report. Sharma is said to have been “difficult, unpredictable and could quickly lose his temper”, according to allegations reported by Bloomberg. Four senior officials who worked with Sharma between 2020 and 2022 claimed the minister would [...]
Elon Musk working on AI tool to compete with ChatGPT April 16, 2023 Elon Musk is reportedly planning to launch an AI tool to rival OpenAI’s ChatGPT. The billionaire founder of SpaceX and Tesla is gathering a team of AI researchers and has acquired the graphics processing units needed to produce the AI tool, the Financial Times reported. Musk is also in talks with SpaceX and Tesla investors [...]
Would London benefit from a tourism tax? April 16, 2023 What sets London apart from its neighbouring European cities? The City’s bustling financial centre? A super connected underground rail system? Its diverse population of inhabitants? The answer could well be London’s hesitancy to tax its tourists for overnight stays. Even the country’s de facto second city Manchester has followed in the footsteps of Paris and [...]
UK inflation poised to slip out of the double digits for first time since last summer April 16, 2023 UK inflation is poised to slip out of the double digits for the first time since last summer in what could be the beginning of the cost of living crisis gradually releasing its grip on families over the rest of the year. Official figures from the Office for National Statistics (ONS) on Wednesday are expected [...]
