Investors pour over £160m into UK lithium battery maker in EV boom August 3, 2022 Investors have poured $220m (£164m) into UK-based lithium battery maker Nexeon, as the electric vehicle boom boosts the value of the in-demand power source. The funding will be used to accelerate the company’s manufacturing capabilities, as it seeks to mass produces “tens of thousands of metric tonnes” of its products, which are critical in rechargeable [...]
Genesis GV60 review: let there be bright August 3, 2022 Tim Pitt drives the Genesis GV60, an upmarket electric SUV that rivals the Nissan Ariya, Tesla Model Y and Ford Mustang Mach-E.
Solana ecosystem attacked in multimillion pound hack August 3, 2022 Solana suffered a major hack which led to more than $5.2m (£4.3m) in funds stolen and around 8000 wallets hit. The crypto ecosystem was attacked on Tuesday, apparently from a flaw in certain wallet software instead of the Solana blockchain itself, blockchain analytics company Elliptic said. The exact cause is not clear yet. “Engineers from [...]
Rolls-Royce gets green light to wrap up £1.5bn sale of Spanish engines firm August 3, 2022 Rolls-Royce has been given the green light from the Spanish government to sell its Spanish engine manufacturing business for £1.5bn. The sale of Basque-based ITP Aero, to a consortium of investors, forms part of a string of disposals since 2020. The London-listed engineering giant announced during the height of the pandemic that it sought to [...]
TfL tells union financial recovery at risk if Tube strikes go ahead August 3, 2022 Transport for London (TfL) has called on the union RMT to cancel the Tube strike on 19 August as walking out will only increase the public body’s financial risks. “I need to be really clear with you, that taking further industrial action at this time will do nothing but undermine our negotiations with government and [...]
UK is ‘card fraud capital of Europe’, warns top think tank August 3, 2022 The UK is the 'card fraud capital of Europe' with Brits falling foul of scammers at a higher rate and bigger cost than any other country, a top think tank warned today.
UK government bans Bain & Co from competing for contracts over role in South African corruption scandal August 3, 2022 US consulting firm Bain & Co has been banned from competing for UK government contracts, after a review by the Cabinet Office determined the Boston consultancy “guilty of grave professional misconduct” over its role in alleged “state capture and corruption by the South African government”. As first reported by the Financial Times, Cabinet Minister Jacob [...]
London Southend appoints former No1 Lounges boss John Upton to top position August 3, 2022 London Southend airport has appointed John Upton, former boss of international lounge company No1 Lounges, as chief executive. Upton – whose tenure will begin in September – will replace Glyn Jones, who has been at the airport’s helm for the last seven years. Jones – who has stepped down following the airport’s reopening to passengers [...]
Bitcoin rose in July amid crypto crash August 3, 2022 In association with Luno Bitcoin has continued to establish itself above $20k this week, with the price hitting highs of more than $24k over the weekend. It’s since dropped back slightly, broadly staying in a zone between $22-23k as economic and geopolitical concerns continue to negatively impact traditional and crypto markets alike. On the whole, [...]
TfL long-term funding discussions drag on August 3, 2022 Discussions over the long-term funding of Transport for London (TfL) have dragged on, as the latest round of government funding was set to expire today. TfL’s commissioner Andy Byford said the public body was still “in active discussion” with government officials to ensure that the funding proposal made was “fair and deliverable.” “We hope these [...]
