US oil giant Chevron backs London cleantech firm in $150m funding round May 11, 2022 US oil giant Chevron has thrown its weight behind London cleantech firm Carbon Clean today in a $150m funding injection - the largest ever equity round for a ‘point of emission’ carbon capture company.
The Queen’s Speech failed to turn our financial regulators into a public asset May 11, 2022 The most important segment of yesterday’s Queen’s Speech was the landmark Financial Services Bill. This piece of legislation was a major test for the government’s vision of a net-zero aligned financial system that drives sustainable economic growth across the UK and acts in the interest of all people and communities. Regrettably, it didn’t pass the [...]
As we resume our life back to normal, the costs of lockdowns become painfully clear May 11, 2022 The enormous costs of a policy of strict lockdowns – identified and predicted by many economists in the summer of 2020 – are now becoming obvious. As our memory of them starts to fade away, the World Health Organisation (WHO) is still tracking vital Covid-19 data. The WHO provides estimates of the excess deaths due [...]
UK recession lurks around corner as thousands face extreme poverty without more support May 11, 2022 A recession in the UK is just around the corner and the economy will stay in the doldrums without a major policy overhaul, a top think tank warned today. Britain’s economy will contract in the third and fourth quarters of this year, meeting the grade for a technical recession, the National Institute of Economic and [...]
Russia-Ukraine war to wipe $1.5 trillion off global economy May 11, 2022 Russia’s invasion of Ukraine will wipe $1.5 trillion off the global economy this year, reveals new analysis released today. Soaring energy and food prices triggered by concerns about supply security as Moscow continues its assault on Ukraine will deliver a heavy blow to global economic activity, according to the National Institute of Economic and Social [...]
Switch off: Three UK to axe 3G by end of 2024 May 11, 2022 Three UK has announced that it will be switching off its 3G network at the end of 2024, as the network’s investments in 4G and 5G gather pace. The announcement represents a significant milestone in UK mobile tech with the target date just over two decades after Three UK launched 3G in the UK . [...]
Tech giants need to crack down on racist abuse online, says Sadiq Khan May 10, 2022 Sadiq Khan said tech giants need to ‘act sensibly’ and not wait for governments to bring in regulations
Trump’s presidency drove racist abuse, according to GLA analysis as Musk set to drop Twitter ban May 10, 2022 Donald Trump’s election as President spurred on racist abuse against London Mayor Sadiq Khan, fresh analysis from the Greater London Authority has suggested as Elon Musk said he plans to lift the Twitter ban on the former US leader. According to the GLA, the number of abusive tweets the Mayor was subjected to rose by [...]
Not all fun and games for Sony and Nintendo amid supply woes May 10, 2022 Gaming giants Sony and Nintendo warned of ongoing supply chain issues this afternoon as the lockdown headache continues for tech firms. Whilst Playstation maker Sony said it plans to sell 18 million PS5 consoles this year, the Japanese firm warned that the situation in China may impact this figure. However, earnings for its gaming and [...]
Scrap National Insurance hike to ease cost of living, says Khan May 10, 2022 BORIS Johnson should cut National Insurance contributions in a bid to ease the cost of living, Sadiq Khan has said during a trip to the US. The Queen’s speech, delivered today, did not include further measures to ease the burden of sky-high gas prices and the Prime Minister warned that “we cannot spend our way [...]
