UPS loses $2bn lawsuit against EU for veto on TNT offer February 23, 2022 Logistics giant UPS has lost a $2bn lawsuit against EU regulator after the bloc rejected its takeover proposal of Dutch rival TNT. The EU Commission had in 2013 stopped the $5.9bn acquisition on the grounds that UPS didn’t offer enough reassurances to claims that the merger would hinder consumer’s choice. The group then decided to [...]
Seraphim deploys £135m in space-tech capital since London float February 23, 2022 Seraphim Space Investment Trust has deployed an eyewatering £135m in capital to space-tech companies since its float last summer – signalling the growing investment in the sector. The space-tech fund, which was oversubscribed in its initial public offering (IPO) in July last year, said that the capital injection was in line with expectations. Seraphim’s investment [...]
Methane emissions 70 per cent higher amid soaring wholesale gas prices, IEA reveals February 23, 2022 Methane emissions from the global energy sector are 70 per cent higher than officially reported with coal figures logged for the first time.
Vice Media unveils metaverse HQ February 23, 2022 Vice Media has created its own office inside the metaverse, as more and more firms take a leap into the virtual world.
Government introduces free cyber skills training for thousands of school children February 23, 2022 Thousands of secondary school students will learn essential cyber security skills for free through a new online learning platform being rolled out in schools across the country.
Crypto markets push higher despite uncertainty over Russia sanctions February 23, 2022 The crypto markets are looking buoyant this morning, after a difficult start to the week that saw the Bitcoin price dip as low as $36k.
London digital ID firm scoops up $30m to accelerate US expansion February 23, 2022 A London-based digital identity firm has scooped up $30m from New York investment outfit Equable Capital as it looks to roll out of its identity fraud technology into North America.
More than 14,000 ghost flights departed from UK airports during Covid February 23, 2022 New figures have revealed that more than 14,000 ghost flights have departed from UK airports throughout the whole Covid pandemic. With 4,910 flights, Heathrow was crowned the airport with most ghost flights, while Manchester and Gatwick came in second and third place, with 1,548 and 1,044 flights respectively. The figures, which include cargo flights and [...]
Johnson says UK preparing to ban Russia from issuing state bonds in London February 23, 2022 Boris Johnson has said he is preparing to ban Moscow from issuing sovereign bonds in the UK and bar Russian companies from raising money in the City of London if Vladimir Putin makes further military incursions in Ukraine. The Prime Minister today waved away calls that the UK’s set of sanctions yesterday in response to [...]
GSK looks for covid jab approval as it prepares to spin off consumer arm February 23, 2022 GlaxoSmithKline and French drugmaker Sanofi have announced they are seeking regulatory approvals for their joint covid vaccine as the firms scramble to catch up with competitors after a series of delays.
