Government hails £6.3bn ‘vote of confidence’ in UK data centres October 14, 2024 Keir Starmer’s government hailed billions of pounds of investment into UK data centres as a “vote of confidence in Britain” today, as ministers announced scores of deals during the flagship International Investment Summit. US firms Cyrusone, Cloud HQ, Coreweave and Servicenow revealed plans to inject a combined £6.3bn in funding into the UK’s data centre [...]
Servicenow pledges £1.2bn investment into UK business at summit October 14, 2024 American software firm Servicenow has committed to investing $1.5bn (£1.15bn) into its UK business over the next five years, the New York-listed company announced today at the international investment summit. Servicenow, a platform that automates and manages business processes, such as customer service and HR, also plans to expand with new office space and grow [...]
Stansted Airport to add 5,000 jobs as part of £1.1bn expansion plan October 14, 2024 Keir Starmer unveiled proposals to expand Stansted's existing terminal building by a third at Monday's investment summit in London.
Elon Musk snub from UK investment summit defended by government October 14, 2024 Technology secretary Peter Kyle has suggested that Elon Musk was not invited to the government’s international investment summit due to his tendency to avoid such events. Previous reports suggested Musk, the owner of X and Tesla, was omitted from the guest list following controversial social media comments he made regarding Britain’s summer riots, where he [...]
Starmer vows to rip up the red tape at investment summit October 14, 2024 Prime Minister Keir Starmer will today promise to rip up the red tape that is needlessly holding back investment in a bid to galvanise economic growth. Starmer is set to make the pledge in a speech at the government’s inaugural International Investment Summit, which kicks off today at the Guildhall in the heart of the [...]
Being ‘the grown ups in the room’ won’t cut it with investors October 14, 2024 At today’s International Investment Summit, ministers must recognise that businesses want concrete assurances about the kind of returns they can expect, says Eliot Wilson Today is the government’s long-anticipated International Investment Summit, which will bring together potential investors from abroad and within the United Kingdom and is intended to show, in the business and trade [...]
We can teach you how to disagree October 14, 2024 When businesses suffer from groupthink they miss out on opportunities for growth, innovation and profits. Enter The Provocation People, a left-leaning LSE professor and pro-Brexit, free market former MP, to help you embrace disagreement Businesses suffer from groupthink – even when they claim to embrace disagreement and dissent. And individuals are frequently hostile towards different [...]
Google wants US judge’s app store ruling put on hold October 12, 2024 Google has asked a California federal judge to pause his sweeping court order requiring it to open up its app store Play to greater competition. In a court filing on Friday night, Google said U.S. District Judge James Donato’s injunction order, which goes into effect on 1 November, would harm the company and introduce “serious [...]
Labour’s arrogance is disrespectful to business October 10, 2024 When it emerged that Boris Johnson reportedly muttered “f**K business” during a meeting as Prime Minister, he was rightly castigated. For many people it marked an emphatic break in the relationship between government and the private sector. We might not be able to point to any similarly totemic moment in Keir Starmer’s first three months [...]
The Notebook: Bringing people together in a fractured world October 10, 2024 When President Macron invites you to a global summit along with 50-odd world leaders, it would be rude not to accept, writes Neil Bennett after attending the 19th Francophonie summit