When the chips are down: Samsung boss warns of weakening demand September 7, 2022 The global semiconductor industry may take a turn for the worse after years of steadily rising demand, the CEO of Samsung Electronics has warned. Semiconductors, or computer chips, are used in most of today’s technology and are a critical component in electric vehicles. “The second half of this year looks bad, and as of now, [...]
Boeing says it stopped buying aluminium from Russia September 7, 2022 Boeing stopped buying aluminium from Russia earlier this year as Moscow was hit by Western sanctions following the invasion of Ukraine, the company said late last night. “Boeing suspended purchasing aluminium from Russia in March, as we suspended major operations in Russia,” it said in a statement. Russia is the world’s second largest producer of [...]
Russia ratchets up tensions with the West as it calls for grain deal to be reopened September 7, 2022 Grain deliveries from Ukraine in jeopardy after Russian President Vladimir Putin called for its deal with the West to be reopened.
All about that BEIS: Rees-Mogg’s hefty in-tray as winter crisis looms September 7, 2022 The incoming Secretary of State has a hefty in-tray to deal with - with the Government pushing to boost domestic energy generation.
How Truss pays for her plan for energy prices is just as important as what she does September 7, 2022 Our new prime minister already has a long list of detractors. Yet something many are failing to take notice of is how well she grasps the fundamental importance of generating economic growth. This is the central issue facing the economy and it will determine how, ultimately, we pay for an intervention in the energy market. [...]
Liz Truss could be the gear shift Britain needs September 6, 2022 Should you be in need of a slightly bitter laugh during your lunch break, we recommend you pop down an internet wormhole and find the video of Britain’s former business secretary and now Net Zero czar Alok Sharma proudly pressing the red button on the demolition of SSE’s Ferrybridge coal plant. It is just over [...]
Siemens refutes Gazprom claims for Nord Stream pipeline shutdown September 6, 2022 Gazprom's claims that the Nord Stream 1 pipeline is down due to faulty equipment were called into question by Siemens Energy.
World heading towards a ‘perfect’ cybercrime storm, cybersecurity experts warn September 6, 2022 THE COMBINATION of mounting geopolitical tensions, the looming economic downturn and the push to digitalise business processes is creating a “perfect storm” for hackers, cybersecurity experts told City A.M. NCC chief executive Mike Maddison said the digitisation agenda on the back of the global pandemic has created new opportunities for hackers in opening up new [...]
Senior Labour MP calls on government to give £2.5bn from Chelsea sale to Ukraine September 6, 2022 A senior Labour MP has hit out at the government for its delay in handing over billions of pounds to Ukraine, after the sale of Chelsea FC in May. Around £2.5bn made from the sale of the Premier League club still sits in the frozen Barclays bank account of ex-Chelsea owner, and sanctioned Russian oligarch, [...]
Liz Truss set to outline £40bn package to help businesses with energy bills September 6, 2022 Liz Truss is reportedly set to outline a £40bn support package for businesses struggling with soaring energy bills in the coming weeks. The incoming Prime Minister is mulling over two options – setting a fixed energy price for businesses or a flat percentage discount that energy suppliers must offer to companies. Bloomberg reports that the [...]