No point in having a state of the art transport system if our people can’t afford it May 26, 2022 This is a good month for trains in London. The Elizabeth Line finally opened on Tuesday, mostly to acclaim for its engineering and speed. The Northern Line works through Bank, which made north-south travel painfully difficult, ended punctually a week earlier. It’s briefly easy to forget the storm clouds gathering over public transport in London [...]
‘Impact tech’ investment jumps to £960m in 2022 but slowdown looms, analysts warn May 26, 2022 Funding into so-called ’impact tech’ start-ups in the UK has jumped over 30 per cent this year despite soaring inflation and market turbulence beginning to put the squeeze on venture capital investors, fresh data has revealed.
Letters: A call for post-Brexit regulation May 26, 2022 [Re: Brexit boost: UK trademark disputes double following Britain’s exit from the European Union, May 23] City A.M.’s article on the rise in UK trade mark disputes following Brexit was a welcome insight into the issues that innovators in the UK face and the hoops they need to jump through to protect and enforce their [...]
UK automotive output spirals downward as global pressures continue to bite May 26, 2022 The UK’s automotive output fell by 11.3 per cent in April as global pressures continue to bite. According to data from the Society of Motor Manufacturers and Traders (SMMT), only 60,554 vehicles were produced last month due to a combination of semiconductor shortages and the war in Ukraine’s impact on transport and raw material costs. [...]
MPs are falling silent over potential of cryptocurrency May 26, 2022 The UK government’s ambitions to become a global hub for the cryptocurrency industry aren’t shared by MPs, research has found.
US payments firm Bolt becomes latest fintech to slash jobs May 25, 2022 Checkout tech firm Bolt is slashing its workforce as it becomes the latest in a swathe of fintechs to announce job cuts.
UK competitions watchdog told to cover pharma firms’ costs after investigation failed May 25, 2022 The Supreme Court today said the UK’s Competition and Markets Authority (CMA) could be forced to cover Pfizer and Flynn Pharma’s legal costs, following the collapse of its case into the two pharmaceutical firms. The landmark ruling could see UK regulators made liable to pay the costs of those subject to failed investigations, after the [...]
Tech giant AGM: Amazon shareholders reject investor-led proposals on workers’ rights May 25, 2022 Amazon shareholders voted down all investor-led proposals at the tech giant’s AGM on Wednesday afternoon. Among the 15 shareholder proposals, rejected resolutions included those critical of the company’s use of plastics and particular concealment agreements in contracts. The $1tn e-commerce giant had pushed back against all of the shareholder proposals, the highest number it has [...]
UK launches national security probe of Chinese purchase of Welsh chip plant May 25, 2022 The UK has today launched a national security review of a Chinese takeover of a key Welsh semiconductor plant.
Downing Street in need of a cultural turnaround project May 25, 2022 There is a possibly apocryphal story about a high-flying financial services executive who, when hiring, always took their preferred candidate for lunch before signing on the dotted line. Unknown to the ambitious, keen to impress applicant, the exec pulled this trick at the same restaurant every time – and always told the restaurant to deliberately [...]
