Britishvolt to invest more than £200m in Midlands test facility
The UK battery startup Britishvolt has said it will invest more than £200m in a new facility in the West Midlands to test manufacturing methods that will be used at the factory is has planned for in Northumberland. The company will
Overseas investors return to Britain after pandemic decline
Foreign direct investment in Britain rebounded last year from the lows recorded in the first year of the pandemic, but it remains below the levels of 2019. Investment in growing sectors such as technology and “wellbeing” rose, but Britain lags behind
Credit card borrowing grows amid soaring inflation
Consumer borrowing jumped in April after households turned to credit to fund their spending as the squeeze on incomes tightened, Bank of England figures show. There was a £1.4 billion rise in borrowing on consumer credit, which is made up mainly
Online fashion retailer Missguided calls in administrators
Administrators from Teneo were appointed on Monday after the company was issued with a winding-up petition by clothing suppliers who are owed millions of pounds. About 140 jobs are thought to be at risk with one source saying more than 80
China unveils stimulus policies to support economy
REUTERS BEIJING — China’s cabinet unveiled a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive a pandemic-ravaged economy, saying it will inspect how provincial governments implement them. The stimulus package, which was flagged by China’s
Miracle fuel hydrogen can make climate change worse
A WORLD desperate for a climate-friendly fuel is pinning its hopes on hydrogen, seeing it as a way to power factories, buildings, ships and planes without pumping carbon dioxide into the sky. But now scientists are warning that hydrogen leaked into
UK to grant visas to graduates from the world’s best universities
REUTERS LONDON — Britain will offer work visas to graduates from the world’s best universities in an expansion of its post-Brexit immigration system that is designed to attract the “best and brightest” workers. Since leaving the European Union (EU), Britain has ended
The urgency of maritime security policy
PHILIPPINE STAR/ WALTER BOLLOZOS The Philippines has one of the world’s longest coastlines, spanning 36,289 kilometers (22,549 miles), filled with abundant marine resources and maritime industry potential. Its strategic location, critical for trade and security, also elevates the importance of protecting
The economic status of Philippine regions: Making major cities attractive
MEO FERNANDO-PEXELS (Part 3) Even before the pandemic, there were already clear signs that highly congested urban areas like the National Capital Region (NCR) and Metro Cebu were growing slower than emerging regions like Calabarzon*, Central Luzon, and Davao. The recent report
In Singapore, a chicken ban is a serious threat
IT FEELS LIKE SINGAPORE has only just switched from combating the pandemic, with some of the developed world’s strictest curbs, to plunging headlong into a fight against inflation. The central bank tightened policy three times since late last year. Now,