The Big List: Top London cocktails to break Dry January January 30, 2024 The Life&Style desk is planning an epic night out, taking in some of London’s most august cocktail bars and trendy new venues.
City of London to ignite UK space boom, says science minister June 24, 2022 Britain’s space boom could be supercharged by the City of London’s expertise and financial muscle, the minister responsible told City A.M. yesterday. While the global space economy has spent the last 40 to 50 years recovering from a Cold War hangover, “We’re now in the hockey stick of a huge commercial space boom,” science, research and innovation [...]
Tesla recalls 26,000 cars over software error while it braces for harassment lawsuit February 9, 2022 Tesla can’t seem to catch a break these days, as it was forced to recall more than 26,000 cars over a software error, while bracing for a potential racism and harassment lawsuit. According to the US agency in charge of automotive safety standards, software errors could cause a valve in the heat pump to open [...]
The Notebook: Victoria Scholar on Big Tech’s recovery, soaring sterling and luxury goods booming in China May 16, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Interactive Investor’s Victoria Scholar. Big Tech looks to be back in Vogue BIG Tech suffered painful declines in 2022 with sky-high inflation and central banks scrambling to keep a lid on rising prices. Now with US inflation easing, and the [...]
OneWeb and Eutelsat ink £2.8bn deal to forge satellite powerhouse July 26, 2022 British satellite darling OneWeb and French competitor Eutelsat confirmed this morning that they will push ahead with the £2.8bn merger. Eutelsat is set to suspend its dividend for two years to pump investment into OneWeb’s low-Earth orbit satellite network, as part of the all-share deal. The deal is intended to forge a satellite powerhouse to [...]
Stop him now: Tesla shares go down as CEO offloads another $700m November 12, 2021 Tesla’s shares have gone down from $1,069 in premarket trading to a $1,047.50 opening price, after chief executive Elon Musk offloaded a further $700m worth of stocks. Early in the week, Musk had sold $5bn of his shares as a result of a poll held last week where the extravagant billionaire asked his 63.4 million [...]
Tesla calls back nearly half a million cars over safety problems December 30, 2021 Tesla has recalled more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and boot issues that increase the risk of crashing, the US road safety regulator said.
What To Do If You’re Worried AI Will Take Your Job May 9, 2023 Are you worried you’ll be replaced (professionally at least) by a robot in the near future? If so, you’re not alone. Thanks to the advent of OpenAI’s ChatGPT, chatbots and their capabilities to not only mimic human behaviour and thought processes, but in some instances, surpass them, have been swiftly propelled into sharp focus. At [...]
Virgin Galactic: Hopes higher than orbit? May 6, 2022 Virgin Galactic appears to have fallen behind in the space race renaissance, despite its ambitions. Richard Branson’s (below) space venture kicked off the year with the loss of its inaugural chairman, Chamath Palihapitiya, just one month after Palihapitiya was thrown into controversy for claiming “nobody cares” about human rights abuses against Uyghur Muslims in China. [...]
Tesla revenue exceeds analyst forecasts by more than $1bn January 26, 2022 Tesla enjoyed an upbeat fourth quarter, as its revenue exceeded analyst estimates by more than $1bn. The car manufacturer, which specialises in electric vehicles (EVs), secured $17.7bn in revenue, with analysts expecting a figure closer to $16.6bn. Tesla, the brainchild of billionaire entrepreneur Elon Musk, also reported adjusted earnings per share of $2.54, up from [...]