The Hydrogen Revolution Starts Now November 7, 2022 | Sponsored Back in 2007, Jeremy Clarkson predicted that whoever leads the way when it comes to embracing hydrogen technology will be the richest person on Earth. While this was a prediction about the fuel’s applicability in automobile market, 15 years on, detailed in a report released today, his prediction now has the most potential in the [...]
Duolingo chief backs London tech scene and World Cup language boom November 7, 2022 The man behind Duolingo says he backs London as a thriving tech hub, despite concerns about digital talent gaps. Speaking with City PM, chief executive Luis von Ahn praised the UK’s artificial intelligence capabilities, as well as its “really good universities,” explaining that the US firm was looking to grow its four-person team in the [...]
Weekend exclusive: Slack can’t be blamed for ‘quiet quitting’ says VP November 6, 2022 Tech could be a solution rather than a driver of the ‘quiet quitting’ phenomenon, says Slack vice president Pip White. Working at one of the biggest winners of the pandemic, White is understandably reluctant to admit that the remote working tool contributed to one of the most talked about working trends of 2022. A recent [...]
Twitter lay-offs begin as Elon Musk warns of ‘massive drop’ in revenues November 5, 2022 Elon Musk has begun laying off thousands of Twitter workers after warning the social media company is losing more than $4m a day due to a “massive drop” in advertising revenues. The tech billionaire began pushing forwards with plans to lay off around half of Twitter’s 7,500 staff, just more than a week after completing [...]
Life Science property trust to trade up AIM for London’s main market November 3, 2022 Life Sciences Real Estate Investment Trust is set to trade up the AIM to list on London’s main market. Bosses at the trust said the move is in the “best interests” of the company and shareholders, after the pandemic threw life sciences into the top ranks of investor and government interest. It means the [...]
Pfizer begins early-stage study on Covid-19 and flu combo vaccine November 3, 2022 Pharmaceutical giant Pfizer has begun an early-stage study of a combined vaccine tackling Covid-19 and the flu. The first patient in the phase one study was given a dose of the vaccine this week. The study will see 180 people aged between 18 and 64 recruited in the US to look at the jab’s safety [...]
Fiat carmaker Stellantis enjoys boost to revenue as chip shortage eases November 3, 2022 Stellantis, the carmaker behind Fiat and Peugeot, has enjoyed a boost to revenue in the past few months as a shortage of computer chips crucial to tech-assisted cars eases. Revenues rose by nearly a third to €42.1bn (£36.4bn) in the three months to September. The group’s sales of battery electric vehicles jumped more than 40 [...]
Elon Musk abandons Hyperloop project months after ramping up testing November 3, 2022 Elon Musk has reportedly abandoned his futuristic high-speed transportation project Hyperloop just six months after announcing plans to begin “full-scale” testing. Hyperloop has been ‘indefinitely shelved’, according to Bloomberg today. The eccentric billionaire’s $44bn takeover of social media giant Twitter finalised last week, making him the ‘Chief Twit’ of yet another technology heavyweight. The ambitious [...]
Sorrell tells ad land to calm down about Elon Musk’s Twitter November 3, 2022 Despite the pandemonium caused by Elon Musk’s takeover of Twitter last week, there is one media mogul who seems largely unfazed by the news. S4 Capital chief and former WPP boss Sir Martin Sorrell underplayed the $44bn takeover and said that Facebook owner Meta was the one to watch when it came to the future [...]
London financial firm Ebury in FCA-mandated regulatory probe November 3, 2022 A celebrated London fintech has been forced to open itself up to an investigation into its anti money-laundering controls, City PM understands. Victoria-HQed Ebury, which is majority owned by Santander and was valued at around £600m at the time the Spanish giant bought in, is the subject of a ‘Section 166’ order by the Financial [...]
