Semiconductor chip shortage puts on the brakes for Volkswagen and Toyota August 19, 2021 A semiconductor supply crunch is forcing world leading car manufacturers Volkswagen and Toyota to slash vehicle production. Toyota, the world’s largest car maker, announced it will cut production by 40 per cent in September. Instead of making 900,000 as planned the manufacturing giant will now produce just 500,000 cars. Likewise, Volkswagen’s parent plant in Wolfsburg [...]
China’s cover up of Covid exposes a rotten regime built on deceit August 19, 2021 Too often, conspiracy theories rest on the erroneous assumption that our enemies are both highly evil and highly competent. Most of the time, the opposite is true. The description of Watergate in the peerless thriller All the President’s Men, offers us a more accurate picture: “Forget the myths you’ve read about the White House, these [...]
First of its kind: Energy giant Wood secures £430m green transition loan August 19, 2021 London-listed energy and engineering giant Wood has secured a £430m government-backed green transition loan – the first of its kind in the fight against climate change. Firms operating in the UK’s “industrial heartlands”, like Aberdeen-headquartered Wood, will be backed by the government in its bid for net zero emissions by 2050, the government said in [...]
London Amazon sellers generate £263m monthly revenue in e-commerce boom August 19, 2021 UK Amazon sellers now account for 5.5 per cent of the country’s retail sector’s monthly turnover. Some 13,483 Amazon sellers generate almost £2.5bn in monthly sales, according to analysis from online consumer goods company Trasio. This represented 5.5 per cent of the entire UK retail sector’s turnover in June. London Amazon sellers generate £263m revenue [...]
Inside the crazy, expensive world of whisky miniature collecting August 19, 2021 The founder of The Whisky Exchange is selling his collection of rare and old whisky miniature bottles. The collection will be sold as part of the quarterly miniatures and memorabilia auction at, live until Tuesday 24 August. Sukhinder Singh, who founded the global whisky retailer with his brother Rajbir in 1999, is putting four hundred [...]
British man to be deported from Singapore over face mask rule break August 19, 2021 A British man faces deportation from Singapore after being jailed for refusing to wear a face mask. Benjamin Glynn, a 40-year-old man for Yorkshire, was convicted on Wednesday and sentenced to six weeks jail time. He has been released a day later due to time served while he was in detention which included two weeks [...]
Fresh landscape: Marshalls financials climb past pre-pandemic levels August 19, 2021 The financials at landscaping products group Marshalls have begun to surpass pre-pandemic levels, after the group watched operating profits collapse amid lockdown last year. Revenue hit £298.1m in the six months to 30 June, inching past the £280.1m it recorded in 2019. The group posted a profit before tax of £38.9m as it again surpassed [...]
It’s wedding season on steroids: Here’s how to dress properly August 19, 2021 I’m at an age where most of my friends who are so inclined have already married. However, throw in a partner a decade younger and some pals who have made mid-stream horse changes, and I do still get invited to weddings. This year is special, of course. The pandemic and its attendant lockdown acted as [...]
Fed policymakers prepared to curb support August 19, 2021 A majority of Federal Reserve ratesetters think it could be time to wind down the central bank’s enormous monetary support unleashed in response to the Covid crisis this year. Minutes breaking down discussions at the central bank’s latest Federal Open Market Committee meeting reveal most of its policymakers would support curbing the Fed’s bond buying [...]
Hacker in possession of $80m+ after crypto exchange attack August 19, 2021 Liquid, a crypto exchange based in Japan, confirmed that it has been the victim of an attack with a hacker now in possession of $80m+. The hack targeted funds stored in the exchange’s “warm wallets,” a term used to describe wallets which are made vulnerable to hacks because they are connected to the internet. In [...]
