Jaguar Land Rover to pause production at two plants due to chip shortage April 22, 2021 The disruption caused by the global shortfall of semiconductor chips continued this morning as Jaguar Land Rover said it would pause production at two of its plants next week. The shortage, which has hit many of the world’s biggest carmakers, will see the Tata-owned firm idle production lines at Castle Bromwich and Halewood for a [...]
Canadian semiconductor firm Alphawave plans $4.5bn London IPO April 22, 2021 Toronto-based Alphawave is planning a London listing after setting a valuation of $4.5bn from cornerstone investors. The company is just four years old and develops technology that pushes data through data centres and phone networks. Alphawave said funds and accounts managed by Blackrock and Janus Henderson have entered agreements to subscribe $510m of offer shares [...]
BA owner IAG to power a tenth of flights with sustainable fuels by 2030 April 22, 2021 British Airways owner IAG has today committed to powering 10 per cent of its flights with sustainable aviation fuels by 2030. The carrier group said that doing so would remove 2m tonnes from its annual emissions footprint, which it equated to taking 1m cars from the road per year. It is the first European airline [...]
Ethereum – the emerald isle in a sea of red April 22, 2021 Ethereum, for the first time in a while, doesn’t feel like the second-largest cryptocurrency is simply coasting in Bitcoin’s shadow or riding a wider alt wave.
British expats stranded by Japan’s slow vaccine rollout April 22, 2021 While the UK’s vaccination programme has seen 33m with jabs in arms, British residents in Japan have been left frustrated by the country’s slow vaccine rollout. Unable to visit family since the pandemic began, Japan has vaccinated less than one per cent of its population so far. The Olympic-host’s vaccinations have been curbed by delayed [...]
Manage the risks of crypto, and you can reap the rewards April 22, 2021 Mark Robinson, insurance expert with Verlingue, explains how to manage the risks associated with cryptocurrency.
WPP makes net zero pledge for entire $60bn supply chain April 22, 2021 WPP has pledged to reach net zero carbon emissions across its entire supply chain by the end of the decade in what it said was the most ambitious approach in the ad industry. The holding group said its own operations will be net zero by 2025, with all electricity to be renewably-sourced. Across its supply [...]
MI5 joins Instagram in bid to bust ‘martini-drinking stereotypes’ April 22, 2021 MI5 is joining Instagram to improve transparency and counteract “martini-drinking stereotypes” about British spooks. The account — @mi5official — will host Q&As with serving intelligence officers, promote job opportunities and show never-seen-before archive material. It will also show historical exhibits from MI5’s museum, located in the basement of its headquarters on Millbank in Westminster, for [...]
MPs call for ‘greenwashing’ ban in financial services April 22, 2021 The UK should take steps towards banning ‘greenwashing’, MP’s have written today, by making environmental labelling compulsory for consumer financial products and task regulators to stop misleading claims. It comes as climate activists smashed windows at HSBC’s Canary Wharf headquarters this morning, in protest of the bank’s investment policies. In the run-up to the UK’s [...]
Bank of England plots closure of Leeds distribution centre April 22, 2021 The Bank of England is closing its cash distribution hub in Leeds but plans to open another centre in the North. The central bank said that the dwindling use of cash, alongside the new polymer notes, would slash demand for distribution. The bank said its Leeds centre is set to close when the lease expires [...]
