LONDON — Google was slammed Friday by U.K. regulators who say it’s taking advantage of its dominance in digital advertising to thwart competition in Britain, ratcheting up pressure that the tech giant is facing on both sides of the Atlantic over its “ad tech” business practices. Britain’s Competition and Markets Authority said that the U.S....
Category: Bussiness
Post
Post
Wind and solar farms power Great Britain’s grid to greenest ever summer
Great Britain’s electricity system has recorded its greenest ever summer after growing numbers of wind and solar farms cut the need for gas power plants to fresh lows. Analysis of energy generation data, commissioned by the Guardian, revealed that Britain’s reliance on fossil fuels fell in August to less than one-fifth of all electricity, or...
Post
UK Government Establishes Shadow Great British Railways
The UK government is progressing the reform of Britain’s railways as the Public Ownership Bill moves through its final stages in the House of Commons. The reforms aim to prioritise passengers and address longstanding issues of delays, cancellations, and unreliable services. They are also expected to generate significant savings for taxpayers, estimated at 150 million...
Post
UK Artificial Intelligence (AI) Statistics And Trends In 2024
Table of Contents Show more Show less The rapidly growing field of artificial intelligence (AI) has the potential to revolutionise our lives. Apple is the latest major tech player to announce a deepening of its involvement in this area, signalling a link-up with provider OpenAI that will see its ChatGPT functionality integrated into the Apple...
Post
Wrexham Lager Back in Australia, Over 100 Years Since it First Landed
The Wrexham Lager Beer Co, the oldest lager brewery in Great Britain, has announced the brand has launched in Australia this month and will be distributed nationwide through Endeavour Group’s Dan Murphy’s. The multi-award-winning brewer has launched exclusively with the flagship retailer and this latest deal is a significant step for the brand on its...
Post
EY compiles women-dominated shortlist for top UK post
EY, the big four auditor, has assembled a female-dominated shortlist to become the firm’s new UK and Ireland managing partner, paving the way for it to elect a woman to its top British executive position for the first time. Sky News has learnt that EY partners were briefed on Tuesday that one of Anna Anthony,...
Post
Renewable energy auction secures enough power for 11m UK homes
Great Britain’s renewable energy auction has secured enough new clean electricity projects to power 11m UK homes after the Labour government made record funding available to suppliers. The £1.5bn auction will support 131 new projects including windfarms, solar farms and tidal power projects after ministers increased the amount of funding available to seven times the...
Post
Labour to ‘stifle’ economy as big businesses flee UK to escape red tape
Fines for businesses failing to protect new workers’ rights will hammer confidence and “stifle” economic growth, critics have warned. Labour’s planned overhaul of workers’ rights could lead to firms being hit with more red tape and penalties. Ministers are said to be considering a ‘warning system’ that would allow companies to first make improvements. But...
Post
Fears over energy tax rises as business confidence falls
Getty Images Raising the windfall tax on the UK’s oil and gas companies will hit the government’s main goal of growing the economy, the industry has said. Offshore Energies UK (OEUK) said the planned hike would cause investment in the sector to plunge and result in a loss of £13bn to the UK economy from...
Post
Disaster for Labour as UK business leaders’ support for tax plans plummets
The Labour Government’s Budget tax raid and plans for workers’ rights have led to a collapse in business confidence. The economic confidence index from the Institute of Directors (IoD) plunged from a three-year high of +7 in July to -12 last month. Business leader’s confidence in their own organisations also fell from +36 in July...
Post
American conglomerate GE swoops for British start-up Satavia
GE, one of the world’s best-known conglomerates has swooped to buy a British climate technology start-up in its quest to reduce the aviation industry’s environmental impact. Sky News has learnt that GE Aerospace has struck a deal to buy Satavia, a Cambridge-based company which helps to mitigate the warming effect of aircraft contrail clouds. Founded...
Post
In other coffee business news… 24-30 August 2024
US specialty coffee chain Blue Bottle Coffee opens Singapore pop-up store, UK-based M&S Café rolls out new coffee blend, South African petrol station retailer Engen opens 365th Café 365, UK coffee wholesaler All Things Bloom sponsors British Cycling race and Germany’s Coffee Fellows plans further US expansion The Raffles City ‘soft launch’ will sell Blue Bottle branded...