Eurozone economic downturn steepens in July
Eurozone economic activity shrank at its fastest rate in eight months in July, as a contraction gathered pace on the back of cuts in manufacturing, a key survey said Monday.
UK Space Agency unveils Space Exploration Technology Roadmap to propel the nation's space sector
UK Space Agency unveils a 10-year Space Exploration Technology Roadmap to strengthen collaboration with international partners, boost commercialization, and advance space capabilities.
UK inflation drops to almost 8% in June 2023, marking significant slowdown in price growth
Inflation in the UK fell to 7.9 per cent in June 2023 from 8.7 per cent in May, marking the lowest rate since March 2022, as reported by the Office for National Statistics.
Great British Nuclear could take the world away from Russian fuel and secure UK's energy future
The UK government launched the Great British Nuclear on July 18 to develop next-generation nuclear technology, which includes nuclear fuel that will reduce dependency on fossil fuels and provide an alternative to Russian fuel.
Samsung set to make Tesla's fifth-generation HW 5.0 auto chip
Samsung's Lee Jay-Yong met Elon Musk in May to discuss ways to strengthen the Korean brand's partnership with Tesla.
Tata picks Britain for GBP4-bn electric car battery plant
Indian conglomerate Tata Group announced Wednesday that it will build a gigafactory in Britain to manufacture batteries, as nations accelerate away from fossil fuel vehicles.
UK annual inflation drops under eight percent
Britain's annual inflation rate slowed more than expected in June as it dropped below eight percent, official data showed Wednesday, easing the country's cost-of-living crisis.
British small businesses face uphill battle as GDP dips and challenges mount
UK SMEs face challenges as GDP declined by 0.1 per cent in May 2023, and pressure mounts from interest rate hikes, inflation, and late payment practices by large businesses.
The UK food and consumer goods business struggles with low consumer confidence, inflation and labour shortage
The UK food and consumer goods business is facing challenges, including inflation and labour shortages, according to the Institute of Grocery Distribution.
UK officially joins CPTPP trade group, opening doors to new opportunities
UK formally joins CPTPP trade group, opening doors to new opportunities for British businesses with reduced tariffs and increased investment.
First-ever child deaths reduction prioritising vaccine allocation to prevent malaria in Africa
Around 18 million doses of the first-ever malaria vaccine have been assigned to 12 countries after they proved effective in a pilot study started in 2019.
UK economy falters as outlook darkens
The UK economy shrank in May on an extra public holiday for the coronation of King Charles III, official data showed Thursday, and as high inflation prolongs a cost-of-living crisis.
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UK government commends organisations for supporting the Armed Forces community
Almost 200 organisations have been noticed for their support towards the Armed Forces community. These organisations also set out to employ former Armed Forces personnel.
UK plasma can be used for albumin manufacturing for life-saving treatments
The independent Commission on Human Medicines (CHM) revealed that the ban on deriving albumin from plasma donors is being lifted.
Recent data reveals UK leads G7 nations in April export growth
UK outperformed other G7 nations' export growth in April with a 5.86 per cent increase to over $38 billion, surpassing Japan's 2.52 per cent gain, according to ParcelHero.
Funding worth £12 million to be put towards a new aerospace project in South West England
The project will centre around new technology for aircraft wings and will ultimately strive to help achieve net zero air travel in the near future.
Climate change experts stress urgent need for sustainable shopping to combat global warming
Oceans' experts have identified sustainable shopping practices as key to preventing harsh climatic changes while highlighting key areas of eco-friendly consumerism.
Oil prices fall despite output cuts, equities wobble
Oil prices reversed into the red Monday on global growth concerns, despite fresh output cuts by key producers Saudi Arabia and Russia aimed at propping up prices.
UK businesses receive over £80 million in government funding to transition to cleaner energy sources
UK businesses, including Kellogg's and Annadale Distillery, receive over £80 million in government funding to transition from fossil fuels to cleaner alternatives, promoting decarbonisation and industry innovation.
Toxic industrial-grade ingredient found in cough syrup made in India: Report
The India-manufactured cough syrups linked to the deaths of 19 children in Uzbekistan contained toxic industrial-grade materials.
German economy bids goodbye to years of plenty
On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum for an economy at the forefront of an industrial transformation.
UK Space Agency puts forward just over £2 million to fund growth in the British space sector
The chosen projects are to receive funding for development across innovative space technologies and the recipients include groups from universities in Britain.
Ford-backed electric battery venture approved for $9.2bn US loan
Biden has supported heavy public investment in such initiatives to address climate change and bolster US manufacturing.
Britain strengthens its trade ties with the US by signing a MoU with the state of Utah
Utah will become the latest American state to agree to a trade pact with Britain as collaboration is set to commence in areas including fin-tech and aerospace.
EU could make replaceable batteries compulsory for smartphones, tablets
Since all modern smartphones pack built-in batteries, the new EU rule could turn out to be a source of annoyance for OEMs.
Resilient retailers and thriving film industry drive unexpected growth in British economy in April
The British economy defied expectations by experiencing a slight growth in April, driven by the resilience of retailers and the thriving film industry.
Are more SMEs dependent on government support as UK MGP nears its end?
As the Manufacturing Growth Programme faces termination in June, there is a pressing void in specialised assistance for small and medium-sized manufacturing enterprises.
Samsung to revamp its Galaxy XR headset to compete with Apple Vision Pro
Apple Vision Pro headset is an impressive piece of technology that has reportedly forced Samsung to redesign some components of its upcoming Galaxy XR headset.
More vehicle services manufacturers are going green in California
The American manufacturer, BendPak, has invested in a new sustainable Californian home for its main operations and will be fully integrated there later this summer.