A company that has received billions of pounds in green energy subsidies from UK taxpayers is cutting down environmentally-important forests Drax runs Britain’s biggest power station, which burns millions of…
Category: Business News
Japan: A drive for ‘deep tech’ innovation
Since Kyoto University started its innovation department and investment fund seven years ago, the number of start-ups created by its students have more than doubled to 242. Japan is pushing…
Germany: Going after the giants-taking on Coke and Pepsi
Students Mirco Wiegert and Lorenz Hampl had decided to set up their own cola company, but there was a catch – they had no idea how to make the fizzy…
Australia: The most-polluting coal plant to shut down
Australia’s dirtiest power plant – responsible for more than 3% of the country’s emissions – will shut a decade earlier than planned. The coal-fired Loy Yang A power station in…
EU: Sabotage to blame for Nord Stream gas leaks
The EU has said leaks in two major gas pipelines from Russia to Europe were caused by sabotage – but stopped short of directly accusing Russia. Deliberate disruption would result…
UK: Bank of England to calm markets
The Bank of England has announced that it will step in to calm markets after the government’s tax-cutting plans sparked a fall in the pound and caused borrowing costs to…
UK: Government tax plans attract IMF criticism
The International Monetary Fund has openly criticised the UK government over its plan for tax cuts, warning that the measures are likely to fuel the cost-of-living crisis. In an unusually…
USA: Staff messages cost Wall Street firms $1.8bn in fines
Some of Wall Street biggest companies have been fined a total of $1.8bn (£1.7bn) by US financial watchdogs after staff discussed deals and trades on their personal devices and apps.…
USA: Tesla to recall more than a million US cars
Tesla is recalling nearly 1.1 million cars in the US because the windows might close too fast and pinch people’s fingers. Documents produced by American regulators show the windows may…
South Korea: Interpol hunts down failed crypto-firm boss Do Kwon
Interpol has asked law enforcement agencies worldwide to find and arrest Do Kwon, founder of the failed cryptocurrency Terra. A red notice has been issued for the 31-year-old, who is…