UK Chip Start-ups Join Government-Backed Incubator to Revolutionise Semiconductor Industry
UK government has launched ChipStart, a two-year pilot programme aimed at supporting twelve cutting-edge start-ups in developing revolutionary semiconductor chips.
EU Warns Musk's X Spreading 'Illegal' Disinfo After Hamas Attack
The EU's digital chief Thierry Breton warned Elon Musk on Tuesday that his platform X, formerly Twitter, is spreading "illegal content and disinformation".
Economics Nobel Prize Honours Two Centuries Data Analysis of Gender Gap In Earnings
The Nobel Prize Organisation honoured Claudia Goldin for shedding light on the various underlying factors like childbirth and contraceptive pills as reasons behind the gender gap in earnings.
UK Government Invests £89 Million in Cutting-Edge Net Zero Tech to Boost Economy and Jobs
The landmark funding package will support 20 innovative projects, reinforcing the UK's leadership in zero-emissions vehicle (ZEV) technology.
UK Businesses Still 'Reluctant to Invest' Over Brexit and Interest Rates
Business investment in the UK increased in the first six months of 2023, but the growth was partly due to exceptional factors such as investment in new planes and a tax break. Businesses are now expecting inflation to be lower than previously forecast, which could reduce the pressure on the Bank of England to raise interest rates.
UK Joins Global Telecoms Coalition, Invests £70 Million to Spearhead Future Telecoms Technologies
The newly formed Global Coalition on Telecommunications (GCOT) aims to enhance the resilience of communication networks, foster collaboration in research and development, promote information sharing and strengthen international outreach efforts.
Global Stocks Mixed Ahead Of Key US Jobs Data
US stocks recovered lost ground to close down just slightly Thursday, while those in Europe finished lower, ahead of key US jobs data.
Inflation, High Rates And War Crimp Global Trade: WTO
Global trade growth will be sharply lower than forecast this year as stubborn inflation, high interest rates and the war in Ukraine pressure economies around the globe, the World Trade Organization said Thursday.
Warnings Of China's Collapse Are Premature As The Nation Still Has One Of The Largest Economies
A total collapse of China in the near term, even with many Western firms reducing their exposure to China's economy, would collapse the global economy, some experts believe.
Russia Planning Sea Mine Attacks on Civilian Ships to Stop Ukrainian Grain Exports
A new British intelligence report exposes Putin's plan of "weaponising food" by launching sea mine attacks on civilian ships carrying Ukrainian grain in the humanitarian corridor created in the Black Sea.
Meta to Roll Out Generative AI for All Advertisers as Google Announced Assistant with Bard
The company first started testing these tools in May, giving access to a select group of advertisers in a "testing playground".
Scottish Secretary Alister Jack Leads Trade Mission to Vietnam to Strengthen Bilateral Ties
The visit comes at a pivotal time, as 2023 marks the 50th anniversary of the formal diplomatic relations between the UK and Vietnam.
Stock Markets Drop As Key Treasury Yield Hits 16-year Peak
Global stocks tumbled Tuesday after a closely watched US bond benchmark hit a 16-year high, exacerbating worries about elevated interest rates as the dollar briefly topped 150 yen.
Oil Industry 'Central' To Climate Solutions: COP28 Head
The president of the upcoming COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis.
Venice Will Become the First City in the World to Charge Day-Tripper Tourists
Starting in spring 2024, Venice will select 30 dates to apply the €5 entry fee, apart from the tourist tax, for day-trippers.
UK Space Sector's £65 Million Funding Can Help 'Harness the Power of Space to Improve Lives'
The UK space sector is rejuvenating with a £65 million space innovation funding plan that will support space tech innovations, including future space missions and climate change issues.
New ZEV Mandate to Make UK Automobile Industry 100% Net Zero by 2035
The UK government has announced a ZEV mandate to systematically transition to electric vehicles with a proportionate increase in zero-emission vehicles every year until it reaches 100 per cent.
Decarbonising Shipping To Cost Over $100 Bn Per Year: UN
The UN called for rapid decarbonisation of the shipping industry on Wednesday, warning that the price tag could top $100 billion a year as the sector's emissions continue to swell.
Stocks Knocked By Growing US Rate Worries
Global stock markets fell Tuesday as investors fixated on the risk US interest rates will be kept elevated for a prolonged period, denting growth.
Donald Trump Praises Rishi Sunak for Net Zero Rollback Amid Controversial Decision
The former US President praised the PM for refusing to damage his country's economy in response to climate change, which he believes is not a real problem.
Bavarian Village Opens Way For Key BMW Factory
A sleepy Bavarian village on Sunday gave the green light to BMW's plan to build a huge battery factory there, removing a key obstacle for the German automobile giant on its drive towards electromobility.
Stocks Slide After Raft Of Central Bank Rate Moves
Global stocks tumbled Thursday after the US Federal Reserve left interest rates unchanged but indicated that more hikes might be needed to tame inflation -- a signal echoed by other central banks.
UK's Sunak Defends Climate Policy Shift
Britain's Prime Minister Rishi Sunak on Thursday insisted he was "not slowing down efforts" to tackle climate change, a day after softening green policies aimed at achieving net zero carbon emissions by 2050.
Bank of England Holds Interest Rates at 5.25%
The decision to hold the rate comes after figures revealed an unexpected slowdown in inflation in August.
New Board of Trade to Address Post-Brexit Trade Barriers
A new Board of Trade has been created to boost UK exports in high-growth potential sectors like the fashion retail and food and drink sectors.
Sunak Takes a Risk With Net Zero Policies In a Bid To Win Back Voters
The Prime Minister has said he wants to be honest about the "costs and trade-offs" of tackling climate change. In a statement yesterday Rishi Sunak said he was proud that "Britain is leading the world on climate change" and will stick by the agreements the UK has made internationally.
Rishi Sunak Receives Backlash Over Delays In Net Zero Plans
Rishi Sunak has revealed plans for a policy change that could potentially delay significant government pledges towards achieving net-zero emissions, a move that has sparked strong criticism from both Labour and Conservative members of parliament, as well as environmental organisations.
Landmark £1.7 Million Agreement with Israel Takes UK Global Science Mission to New Heights
Only weeks after the UK secured an agreement with the European Union on its association with Horizon, did the nation announce this £1.7 Million joint research project.
Sir Keir Starmer's Meeting With Macron Sparks Debate Over UK-EU Relations and Brexit Demands
The meeting between Sir Keir Starmer and President Emmanuel Macron, scheduled for Tuesday, is expected to revolve around the post-Brexit landscape and the potential for renegotiations with the EU.
Stocks Diverge As Oil Touches 10-month High
Global stocks were mixed Tuesday ahead of a Federal Reserve decision as oil prices reached fresh multi-month peaks before pulling back.