Chinese energy restrictions hit iPhone suppliers October 6, 2021 Manufacturers have warned that further disruption to China’s energy supply could hamper the production of tech products, including iPhones. In the final week of September many factories in the key manufacturing hub of Jiangsu were forced to cut or stop output altogether after the province was called out by the government for exceeding its carbon [...]
Germany after Merkel: what’s next? October 6, 2021 The Anglela Merkel era is drawing to a close in German politics. 16 years as chancellor has brought stability and steady growth, but her departure now leaves a void that her Christian Democratic union (CDU) party has struggled to fill. This weekend’s election is likely to be one of the most open contests in decades. [...]
Shakespeare: Panic-buying fuels improvement in BP’s customer perceptions October 6, 2021 The recent lorry driver shortage has seen drivers panic-buying fuel, pulling knives on each other, and even engaging in father-son tag-team brawls on UK forecourts. But have the chaotic scenes had a negative impact on public perception of petrol/diesel brands? Looking at BP with YouGov BrandIndex suggests they haven’t. Between September 22 (the day before [...]
Canary Wharf skyscraper faces uncertain future as China cracks down on builders October 6, 2021 Many development projects in London are in limbo as Beijing is cracking down on overleveraged firms and casting a pall of uncertainty on their ability to bankroll their ventures. Greenland, a major Chinese real estate developer which rushed to London in post-recession boom along with many others, is reportedly struggling to finish ‘Spire’, which when [...]
Boris Johnson expected to reveal ‘national living wage’ hike October 6, 2021 Prime Minister Boris Johnson is expected to announce plans to raise wages for the country’s lowest paid earners to around £9.42 per hour. The increase will boost the pay of minimum wage workers over the age of 23 by around 5.7 per cent, more than double the previous increase of 2.2 per cent in April [...]
The Formula 1 cost cap: Corporations to provide competitive advantage? October 6, 2021 This 2021 Formula 1 season is already proving to be one for the ages but next year’s technical rule changes, largely aimed at levelling the playing field, and the need for continuous improvement mean that teams are already looking ahead. It could be argued that this counterbalance is already coming into effect this season following [...]
Allied Minds turns a loss in H1 amid share buy back programme October 6, 2021 Allied Minds, an IP commercialisation company with a focus on early stage tech companies, has reported lacklustre interim results. Net cash and investments dipped from $24.5m at the close of 2020 to $18.1m in the first six months of the year. While revenue almost doubled, rising from $110k in the first six months of 2020 [...]
BCC: Supply chain breakdowns threaten to throw UK recovery off course October 6, 2021 Endemic supply chain breakdowns that are causing the UK economy to snarl up threaten to derail Britain’s recovery from the Covid-19 crisis. The chief of the British Chambers of Commerce (BCC) has warned “The supply chain crisis, alongside wider labour shortages and spiralling price rises, is clearly starting to drag on our economic recovery from Covid-19.” The warning comes as the BCC found [...]
City Moves: Who’s switching jobs in the Square Mile today? October 6, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Pinterest Photo sharing and publishing platform Pinterest has hired a Global Agency Commercial Lead for its London office. Stepping into the role in November, Martin Galvin is set to lead the platform’s commercial partnerships programs with media [...]
Fuel crisis: Petrol heading towards all-time high of 2012 as drivers face record prices October 6, 2021 Petrol is fast catching up with the all-time high of April 2012, having shot up by an additional £12 for a full tank in last one year. On top of the supply crisis, a barreling crude oil price has pushed price of unleaded by 1.5p in the month of September, just 6p short of 2012 [...]
