Mercedes invests €1bn to realign network for EV production December 14, 2022 Mercedes is investing over €1bn (£859m) to realign its global network for the production of electric vehicles (EV) from 2024. The German car maker has pledged to become fully electric by 2030 “wherever market conditions allow.” As part of the realignment, plants in Germany and China will continue to assemble batteries for models coming into [...]
Rail strikes: Minister Huw Merriman to hold talks with RMT and train operators December 14, 2022 Rail minister Huw Merriman is set to hold the latest round of talks with the union RMT and train operators after this week’s strike brought the UK to a standstill. Merriman will meet with union bosses as well as with train companies and Network Rail tomorrow in an eleventh-hour attempt to solve the rail dispute [...]
BBC must boost digital to stand up to Netflix December 14, 2022 The BBC must boost its digital leadership if it’s going to keep up with US streaming giants, says a new report. The National Audit Office said that although the broadcaster had made strides in establishing its online presence with the iPlayer, the tech was lagging behind the likes of Netflix. While Netflix has a budget of [...]
Advertising regulator tells mobile game firms to behave December 14, 2022 The Advertising Standards Authority (ASA) has cracked down on mobile game advertising and has asked them to follow regulations. ASA has issued new guidance to make sure mobile game advertisers don’t breach UK laws. Mobile game companies have come under fire for using sexual imagery and using targetted advertising towards minors. The new guidance warns [...]
London tech revises internal tax valuation to $11b December 14, 2022 Checkout.com, a London tech start up, has revised its internal tax valuation to $11bn. Its investor valuation earlier this year was a staggering $40bn. Checkout.com is a digital payment platform for businesses that was valued at $40b after a series D round in January. According to company filings, the firm generated a revenue of $204m [...]
Will the world follow the EU’s lead in regulating crypto? December 14, 2022 Sophia Le Vesconte of Linklaters is flying the flag for Europe's approach to crypto regulation and suggests the world rallies to it.
Union boss says posties to work with business rather than just strike December 14, 2022 Trade union baron Dave Ward has said posties will need to adopt a more business focused approach to industrial action in the new year, expanding action beyond just strikes. The man behind both the Royal Mail and Post Office strikes said the Communication Workers Union (CWU) was currently “weighing up other ways we can put [...]
FTSE 100 shrugs off rosy inflation numbers as house builders drop December 14, 2022 London’s FTSE 100 shrugged off upbeat figures today that indicated the UK’s inflation surge may have finally passed its peak. The capital’s premier index edged 0.09 per cent lower to 7,495.93 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.25 per cent to [...]
DeFi is ready for take-off December 14, 2022 Nexo's Elitsa Taskova says crypto's reputation is on the dark side of the moon, but DeFI has ignited the booster rockets.
EU-Qatar corruption scandal: Eva Kaili’s first hearing postponed December 14, 2022 The most high-profile suspect in the EU corruption scandal has had her first court hearing postponed, after being hit with money laundering and corruption charges this week. Eva Kaili’s pre-trial hearing was postponed until 22 December tonight due to striking workers in Belgian courts. It came as MEPs today called for an investigation into whether [...]
