Going cold: Mercedes follows in Tesla’s footsteps and cuts EV prices in China November 16, 2022 Mercedes has followed in Tesla’s footsteps and cut the price of its electric vehicle (EV) models in China due to a slowing demand. The luxury car maker announced late on Tuesday the price of the EQE electric SUV would be cut by 9 per cent while the EQS model would be between 11 and 22 [...]
OKX reveals £84m ‘market recovery fund’ after rebuffing FTX rescue November 16, 2022 A crypto exchange that rebuffed a rescue request from FTX has announced a $100m ‘market recovery fund’ to support ailing firms on the verge of collapse.
UK one step closer to space nation status with first-ever launch licence secured November 16, 2022 The UK is yet another step closer to becoming a space nation, with the Cornwall spaceport securing the country’s first-ever licence today. Richard Branson’s rocket company Virgin Orbit will take the title as the first business to launch from British soil before the end of the year. The company completed its full wet dress rehearsal [...]
Government in danger of missing nuclear targets, warns industry boss November 16, 2022 The Government is in danger of missing pledged targets to ramp up nuclear power and boost the UK's supply security.
Sunak and Biden didn’t discuss post-Brexit UK-US trade deal at G20 November 16, 2022 The shelved post-Brexit UK-US trade deal was not even on the agenda when Rishi Sunak and Joe Biden met today, the British Prime Minister has revealed. Sunak said after his meeting with Biden at the G20 in Indonesia that the pair spoke about the UK-US “economic partnership”, but the state of trade negotiations was not [...]
Clifford Chance to leave Canary Wharf HQ for new City offices November 16, 2022 Clifford Chance is set to return to the City after striking a deal to leave its Canary Wharf headquarters in 2028. The Magic Circle law firm has struck a deal with Great Portland Estates (GPE) to rent 321,000 sq ft of office space at the property developer’s 2 Aldermanbury Square project, which is set to [...]
In it to win it: Download your office World Cup sweepstake kit November 16, 2022 The World Cup is here - download our office sweepstake kit
England to lose 2022 World Cup final to Argentina, analysts predict November 16, 2022 England will lose their second final in as many major competitions at this winter’s Qatar 2022 World Cup, missing out to arch-rivals Argentina, forecasts published by senior City analysts have predicted. The Three Lions will breeze past Senegal, Mexico and Portugal on their way to the final, according to Liberum analyst Joachim Klement. Klement put [...]
TfL looks for bidders to take over £800m fare system contract November 16, 2022 TfL has launched a procurement process for the maintenance and operation of its fare system. Worth more than £800m, the seven-year agreement will start in August 2026 after the current contract, signed in 2014 by IT service manager Cubic Transportation Systems, expires. The new contract could be extended by a further five years, for a [...]
Crypto markets looking for a foothold as uncertainty continues November 16, 2022 Bitcoin is down less than a percentage point from yesterday, trading at $16,737 this morning, while Ethereum has shed 2.8%.
