A healthy motor industry for the UK needs gigafactories like the one Tata will build June 5, 2023 The Tata gigafactory could be an opportunity to reflect on what the government should and shouldn't do to support the vital, but hard-pressed, British motor industry, writes Geoffrey Owen
Stars come out for Universal Peace Gala in Beverly Hills May 25, 2023 Tibetan Lama Shyalpa Tenzin Rinpoche left his mark on Beverly Hills with a star-studded global gathering promoting peace.
From millions to billions: The exceptional growth of Bango May 15, 2023 When you can count Amazon, Google, Microsoft, Verizon and Samsung as being among your clients, you know your company has made it. No surprise then that Bango has won the prestigious King’s Award for Enterprise for International Trade. From an original thought in 1999 that mobile phones were going to be able to go to the internet and everybody [...]
SoftBank’s Arm files to list shares in US as London blow confirmed May 1, 2023 SoftBank-owned chip design firm Arm has filed for a US listing in a move which cements its decision to thwart London markets for the US and paves the way for one of the largest initial public offerings (IPOs) of the year. SoftBank confirmed on Monday that Arm had submitted a draft registration statement to the [...]
In Defence of Capitalism: Why Nokia and MySpace lost their monopolies April 6, 2023 Each week, Dr Rainer Zitelmann mythbusts the arguments against capitalism. This week, it’s the idea that capitalism creates monopolies – but looking at Nokia and MySpace amongst others suggests otherwise In an international survey on popular perceptions of capitalism, which I commissioned for the book In Defence of Capitalism, one of the main criticisms levelled [...]
UK government’s letter to Visa, Deloitte and Allianz prompts rebuke from Olympic chiefs March 14, 2023 Olympic chiefs have issued a rebuke to the UK government over its lobbying of sponsors including Visa, Deloitte and Allianz for Russia to remain banned from sport. The UK has been among the most vocal and active opponents of the International Olympic Committee’s plan to lift the suspension of Russia and its ally Belarus. Culture [...]
UK culture sec urges Olympic partners like Coca-Cola and Visa to back Russia athlete ban March 11, 2023 The UK’s culture secretary has written to sponsors of the Olympics including Coca-Cola and Visa urging them to back a ban on Russian and Belorussian athletes. Lucy Frazer addressed the letter to the CEOs of the International Olympic Committee’s (IOC) Worldwide Partners, which include Coca-Cola, Intel, Samsung and Visa. The letter to CEOs comes after [...]
Intel slashes dividends by two-thirds in wake of falling revenue February 23, 2023 Intel has been forced to slash its dividends with its shareholders by nearly two-thirds as the tech giant attempts to hold on to funds in the wake of falling revenue. According to a report in the Financial Times, the chipmaker is now set to give a small quarterly payout of 12.5 cents down from the [...]
Samsung committed to investing in semiconductors despite crash in demand for consumer gadgets January 31, 2023 Samsung Electronics will continue investing in the production of computer chips, despite profits from sales of the computer component sinking to their lowest since 2009. The world’s largest chipmaker reported £178bn (270bn won) in fourth-quarter semiconductor earnings on Tuesday, down from 8.83 trillion won from the same period last year. Samsung said demand has significantly [...]
Diaries of a fund manager: Jack Hsiao on running a multi-billion pound investment giant January 13, 2023 As 2023 gets under way, the spotlight is firmly on the City and on its fund managers. What will be their next move? How and where do they find inflation-busting assets? Are they opting for more risk or playing it safe? City A.M. checked in with fund manager Jack Hsiao, he is a managing director [...]