UK government opens national security probe into Nvidia’s $54bn Arm deal November 16, 2021 The UK government has launched a a full-blown national security investigation into Nvidia’s planned takeover of British chip designer Arm, introducing another obstacle in the way of the $54bn deal. Digital and culture secretary Nadine Dorries has ordered a “phase 2” investigation into whether the deal operates against public interest, thus instructing the UK competition [...]
Ex-Goldman banker says he became a ‘hero’ for 1MDB deals, after embezzling billions from Malaysian government February 17, 2022 A Goldman Sachs banker, who made almost $700m (£515m) through his involvement in the 1MDB scandal, has said “greed and ambition” motivated him to embezzle billions from the Malaysian government, while testifying against Roger Ng, his former Goldman Sachs colleague. Speaking at a Brooklyn Court, Tim Leissner, the former head of Goldman’s Southeast Asia division, [...]
Government urged to give key workers priority fuel access amid shortages September 28, 2021 The government has been urged to give essential workers, such as NHS staff and teachers, priority access to fuel amid shortages. An estimated 50 to 90 per cent of petrol stations are without fuel as the country faces a heavy goods vehicle (HGV) driver shortage which is affecting supply delivery. Industry bodies are calling on [...]
Why this year’s London Tech Week looks set to be the biggest ever May 22, 2024 During London Tech Week, speakers from the government and across industry will focus on the topics du jour, such as the UK's AI ambitions.
Government tells workplaces to plan for 25 per cent absence rates amid soaring Covid-19 cases January 2, 2022 Downing Street has asked ministers to develop robust contingency plans for workplace absences amid soaring Covid-19 cases.
Tata Steel: Labour demands urgent support for workers facing redundancies May 21, 2024 Labour is calling for the government to take urgent action to cover thousands of workers facing redundancy at the country’s biggest steel plant.
Outlook for London tenants improves (slightly) as rents stabilise after period of rapid growth February 16, 2024 The rental market in London appears to have peaked, with price growth steady month on month, according to new government figures.
No proof of ‘value for money’ for billions spent on public procurement December 13, 2023 The government cannot demonstrate “value for money” for billions of taxpayer-funded public procurement, a group of MPs have warned.
HS2: Cancelling London Euston section would pile pressure on Elizabeth Line, advisers warn May 16, 2024 Cancelling the Euston section of HS2 would put too much reliance on the Elizabeth Line, government advisers have warned.
Easyjet, Rolls-Royce and Airbus call on UK to fund hydrogen-powered flights September 5, 2023 A coalition of Easyjet, Airbus and Rolls Royce are calling for urgent investment from the UK government into hydrogen.