China’s industrial profit slows as material prices soar July 27, 2021 China’s industrial firms have seen their profits slow in recent months, as raw material prices put pressure on factories. Recovery post-coronavirus in the industry has seen weaknesses in higher materials prices and hits to global supply chains. Year-on-year profit for Chinese industrial firms climbed 20 per cent in June to 791.8bn yuan (£88.5bn), according to [...]
Tony Abbott predicts UK will block Chinese purchase of Welsh chip factory July 27, 2021 Former Australian Prime Minister Tony Abbott has predicted that the UK will block the takeover of the country’s largest chip manufacturer by a Chinese-owned firm. Abbott, who is also on the UK’s Board of Trade, told a virtual event today that the sale would be blocked if it happened in Australia and that Boris Johnson [...]
Elon Musk’s Twitter antics pushes Tesla’s $23m loss in Bitcoin assets July 27, 2021 Tesla’s lofty revenue, which surpassed analyst expectations today, has been offset by a $23m loss over Bitcoin which pushed the electric carmaker to dial back its investments. Elon Musk’s carmaker did not buy or sell any digital assets in its second quarter, as it dialled back investments after purchasing some $1.5bn in Bitcoin in the [...]
Former PM calls Australia’s vaccine rollout a ‘colossal failure’ July 27, 2021 Former Australian Prime Minister Malcolm Turnbull has criticised the Australian government’s vaccine rollout as “the biggest failure of public administration” he can recall to date. Speaking to the BBC, Turnbull said the Australian government failed to secure enough Covid-19 vaccinations: “It was a colossal failure, and the problem is you can’t wind the clock back [...]
Court of Appeal reopens landmark £5bn lawsuit against BHP for Brazil dam collapse July 27, 2021 London’s Court of Appeal has today decided to reopen a historic £5bn lawsuit against mining giant BHP over the collapse of a dam in Brazil in 2015. In an unexpected u-turn, the court said that a group of 200,000 claimants would be able to appeal against a lower court’s decision to throw the case out [...]
Wine and cheese pairing is an art: Here’s what the experts say July 27, 2021 There are so many National Something-Or-Other days that you could be forgiven for having overlooked Sunday’s celebration of Wine and Cheese Day. Walthamstow’s new online drinks marketplace Hometipple marked the occasion by coming up with a series of exciting cheese and wine pairings, including Hungarian Etyeki Kuria Pinot Noir with aged Berkswell from Warwickshire. “Hometipple [...]
The £46,250 Toyota Corolla: cult-classic AE86 smashes auction record July 27, 2021 A one-owner 1987 Toyota Corolla GT has sold for a staggering £46,250 at auction. But what makes this AE86 model so sought-after?
London home sellers now get 91 per cent of asking price, but Westminster buyers achieve largest discount July 27, 2021 Home sellers in London are now achieving 91 per cent of their initial asking price, an increase of six per cent on the first three months of this year, data from sales agent Benham and Reeves has found. As a result of the Covid-19 pandemic, some in the market panic-bought to secure properties over the [...]
Dallas engineering giant Jacobs to support UK’s first satellite launch site July 27, 2021 Dallas engineering giant Jacobs, which works with NASA, has secured a role in supporting the UK’s first vertical space satellite launch site due to be based in the Scottish Highlands. Jacobs will assess the local supply chain and report on how advanced engineering, asset management and avionics – aviation electronics – can be transferred to [...]
Three’s a party: Isle of Wight triplets all receive first-class degree in geography July 27, 2021 Three English brothers all received their first-class degrees in geography at the University of Portsmouth today. 21-year-old triplets – Charlie, Harry and Thomas White, from Wootton Bridge, Isle of Wight – all chose to study the same subject at the same university without discussing it with each other. “One of our school teachers was a [...]
