LG and General Motors team up to build new $2.1bn battery plant in the US January 25, 2022 LG Chem has announced that its energy division will join forces with General Motors to build a $2.1bn battery plant in the US.
Audit watchdog is ‘in poor state’, says FRC candidate for chair: ‘This is really not the way to run a regulator’ January 25, 2022 Sir Jan du Plessis, the government’s preferred candidate to head the Financial Reporting Council (FRC), has said the independent regulator is now in a “pretty poor state” due to the failures of its top level managers. Du Plessis, who has previously chaired some of Britain’s major companies including BT and Lloyds TSB, vowed to “address [...]
China built more offshore wind capacity in 2021 than whole world in last five years January 25, 2022 The UK was previously led the world in its offshore capacity – but China has just built more than double that in a single year. China installed 26 gigawatts worth of offshore wind in 2021, according to China’s National Energy Administration, state-broadcaster CCTV reported. It now accounts for around half of the world’s total capacity, [...]
InstaDeep raises $100m to ramp up development of ‘real world’ AI technology January 25, 2022 London-based AI firm InstaDeep has today announced $100m funding injection which it will use to fuel a global expansion and ramp up development of AI technologies.
Google backtracks on cookies plans after ad backlash January 25, 2022 Alphabet Inc's Google announced its second try at enabling advertisers to buy ads based on users' browsing interests without having to rely on what it has described as privacy-invasive tracking cookies.
Analysts forecast record revenues and possible supply chain issues ahead of Tesla results January 25, 2022 Ahead of tomorrow’s full year results, analysts have forecast that while Tesla’s revenue are expected to skyrocket, the car manufacturer could not be exempt from supply chain issues. “I would not be surprised if Tesla has some significant manufacturing challenges, producing the new vehicle structures and new batteries in high volumes,” Sam Abuelsamid, analyst at Guidehouse Insights, [...]
Stripe and Spotify pair up to help creators better monetise on subscriptions January 25, 2022 Stripe has partnered with Spotify to help podcasters accept payments, launch recurring revenue streams, and deepen connection with fans.
Ukraine: Starmer calls for UK to block Russian access to City of London January 25, 2022 The UK must block Russia from the City of London’s web of financial services firms if it invades Ukraine, Sir Keir Starmer has said. The Labour leader said Boris Johnson must make “tough decisions” when drawing up potential sanctions against the Kremlin, including “cutting Russian access to the international financial system” and stopping the “illicit [...]
Bridgepoint sells off Element Materials to Singaporean Temasek for $7bn January 25, 2022 Element Materials Technology has been snapped up by Singapore-based Temasek from British investment giant Bridgepoint today. A deal has been on the horizon for some time, with Element rumoured to be in the sights of investment duo Cinven and Canada Pension Plan Investment Board in November. London-based Element, which offers testing services for materials used [...]
Rolls-Royce encourages regions to bid on manufacturing site for small modular reactors January 25, 2022 Aero-engine maker Rolls-Royce has invited bids from regions in England and Wales build its planned fleet of small modular reactors (SMRs).
