Rolls-Royce to swing axe at 9,000 employees over coronavirus May 20, 2020 Rolls-Royce warned today it will look to make at least 9,000 workers to cut £1.3bn in annual costs as it copes with the economic downturn from coronavirus. The British engine-maker warned it will swing the axe mostly at staff in its civil aerospace division as it begins consulting unions. That prompted the government to say [...]
The City View podcast: Money laundering and terrorism – compliance in the age of coronavirus May 14, 2020 Christian is joined by Charles Delingpole, founder and CEO of ComplyAdvantage, a compliance and risk management platform using AI and machine learning to keep companies on the right side of the law. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Sanctions, scams and criminal activities all pose huge risks for businesses but how has the pandemic affected [...]
Ford to restart UK car manufacturing at Dagenham and Bridgend May 13, 2020 Ford today announced that it will restart production at its Dagenham and Bridgend plants on 18 May. The vehicle giant said production would restart with social distancing and health and safety protocols in place to limit the risk of coronavirus. The company said it was continuing to build ventilators at Dagenham as part of the [...]
Elon Musk labels lockdowns ‘fascist’ as Tesla offsets automotive slump April 30, 2020 Outspoken Tesla chief executive Elon Musk labelled the US’ coronavirus lockdowns as “fascist” as the firm surprised investors with another profitable period of trading despite the current market disruption. Speaking on a conference call last night, Musk said that the measures posed a serious risk to Tesla’s business and said he did not know when [...]
Elon Musk calls for end of lockdown ahead of Tesla first quarter earnings April 29, 2020 Billionaire Tesla boss Elon Musk today called for the end of the US coronavirus lockdown ahead of the electric car company’s first quarter results tonight. Musk tweeted: “FREE AMERICA NOW” and separately tweeted “give people their freedom back!” He also tweeted a story about the relaxation of lockdown in Texas with the comment: “Bravo Texas!” [...]
First of UK ventilators wins approval as private sector ramps up production April 16, 2020 Regulatory approval has been granted for thousands of new ventilators through the government’s private sector call to arms. Penlon’s Prima ES02 model is the first to be green lit by the Medicines and Healthcare products Regulatory Agency (MHRA), as a part of the “Ventilator Challenge”, a month after the rallying cry was issued. The government has [...]
Coronavirus: Ineos to build third European hand sanitiser plant March 31, 2020 Chemicals company Ineos said today it will build a hand sanitiser plant in France in 10 days to help meet a European shortage. Ineos has already begun production on hand sanitiser plants in the UK and Germany. Last week the privately owned UK business said it would build UK and German plants to supply schools, [...]
Coronavirus: Mercedes-designed ventilator gets approval for NHS use March 30, 2020 Mercedes’ F1 team has designed a ventilator along with engineers and clinicians at University College London (UCL) that has been approved for use by the NHS. Around 100 of the breathing aids, which were designed and produced within 100 hours of engineers’ first meetings, will now be distributed to UCL’s hospital for clinical trials. The [...]
UK coronavirus: Smiths bolsters production to build 10,000 ventilators March 30, 2020 Engineering group Smiths has ramped up production of its ventilators to produce 10,000 units for the UK government’s fight against coronavirus. Production will increase from hundreds of ventilators per month to thousands to meet the huge demand, after the UK recorded 1,228 coronavirus deaths yesterday. Smiths said talks are ongoing with its supply chain to [...]
McLaren joins industrial push to manufacture 10,000 ventilators March 29, 2020 Supercar maker McLaren is one of a number of firms who have joined forces in a bid to massively increase the production of ventilators to help in the fight against the coronavirus pandemic. Ventilator Challenge UK, as the consortium is known, comprises some of the UK’s largest industrial groups, bringing together companies such as BAE [...]