Indian conglomerate Tata Group unveiled plans to construct a £4 billion ($5.2 billion) gigafactory for electric car batteries in the UK, which will supply its Jaguar Land Rover brands. This…
Tag: business
VanMoof, E-Bike Maker, Declared Bankrupt by Dutch Court.
VanMoof, an independent e-bike maker based in the Netherlands, has been declared bankrupt by a Dutch court, according to a statement released by the company. The company’s trustees will now…
Twitter’s Ad Revenue Plummets Under Elon Musk’s Ownership.
Since Elon Musk acquired Twitter for $44 billion (£33.6 billion) last October, the platform has witnessed a nearly 50% decline in advertising revenue, according to its owner. Musk admitted that…
Austria’s Continued Reliance on Russian Gas Amid Ukraine Crisis.
Austria’s ongoing import of Russian gas at maximum capacity has raised concerns about its commitment to state neutrality following the full-scale invasion of Ukraine. While many European countries have reduced…
The Copyright Conundrum: Ownership of AI-Generated Content Raises Legal Questions.
The emergence of generative AI tools has brought forth a debate surrounding ownership and copyright, as uncertainties arise regarding human involvement and the training data used. When AI is used…
Shell CEO Defends Oil and Gas Production, Warns of Higher Energy Prices.
Shell CEO Rejects Calls to Cut Oil and Gas Production Wael Sawan, CEO of energy giant Shell, has argued against reducing oil and gas production, describing it as “dangerous and…
High Court Begins Judicial Review of Sadiq Khan’s ULEZ Expansion Plans.
Legal Action Launched: Conservative-led Councils Challenge ULEZ Expansion A judicial review regarding London Mayor Sadiq Khan’s proposed expansion of the Ultra-Low Emission Zone (ULEZ) in London has commenced at the…
Tesla Achieves Record Vehicle Deliveries in Q2 Following Strategic Price Cuts.
Tesla Sets New Delivery Record in Q2 with Price Reductions Boosting Sales Electric carmaker Tesla announced that it achieved a record-breaking number of vehicle deliveries in the three-month period ending…
Pokemon Go Creator, Niantic, to Cut Workforce and Close Studio Amid Slowdown.
Niantic Announces Workforce Reduction and Studio Closure Niantic, the creator of the popular Pokemon Go game, has revealed plans to reduce its workforce by 25% and shut down its Los…
OpenAI Chooses London for its First International Office.
OpenAI Expands to London to Attract Top Talent OpenAI, the US-based company responsible for ChatGPT, has announced the establishment of its first international office in London. CEO Sam Altman views…