<?xml encoding=”utf-8″ ?????????> Sir Richard Branson has invited Alan Bates, a key campaigner for justice for victims of the Post Office scandal, for a “well-earned” holiday to his private Caribbean island. After the Virgin founder read an interview in which Bates joked, “If Richard Branson is reading this, I’d love […]
EU announces €4bn aid deal to back battery and green tech factories
<?xml encoding=”utf-8″ ?????????> The EU has announced €4bn (£3.4bn) of state aid investments in new factories producing electric batteries for cars, heat pumps and solar panels as it seeks to accelerate production and the uptake of green technologies and combat cheap Chinese imports. The Swedish battery producer Northvolt will receive […]
Proposed development of Las Vegas-style Sphere in east London cancelled as plans are withdrawn
<?xml encoding=”utf-8″ ?????????> The American company behind a proposed huge Las Vegas-style Sphere entertainment venue in east London has withdrawn its plans. Madison Square Garden Entertainment (MSG) said it could not continue to participate in a process that was “merely a political football between rival parties”. In a letter to […]
Can Sir Ranulph Fiennes and Ella Henderson take you into a better 2024?
<?xml encoding=”utf-8″ ?????????> Many of us are waving goodbye to a difficult 2023. All industries and most businesses felt the pinch of 2023 in one way or another. A new year can be a daunting and anxious time. However, a new year is also a chance to take stock and […]
[B-SIDE Podcast] Philippines, Taiwan, and the uncertain future
Follow us on Spotify BusinessWorld B-Side The Philippines is so close to Taiwan that, as the old joke suggests, one could swim across the Bashi Channel to get there. Their connection goes beyond that, with the future of their geopolitical fates in question. In this B-Side episode, Girard Mariano L. Lopez, […]
Japan to expand FY2024/25 budget reserves for earthquake aid
PEOPLE walk on Shibuya crossing in Tokyo, Japan on April 23, 2021, in this photo taken by Kyodo. — KYODO/VIA REUTERS TOKYO – Japan plans to expand its budget reserves for fiscal 2024/25 to support recovery from the Noto peninsula earthquake, Minister of Finance Shunichi Suzuki said on Tuesday. The cabinet earlier […]
Cathay Pacific needs to address capacity issues, Hong Kong leader says
MDS AYON HONG KONG – Plans by Hong Kong’s Cathay Pacific Airways to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city’s leader said, while its pilot union called for a government enquiry. Cathay will cut a dozen flights a day on […]
Mayo Clinic pairs with Cerebras Systems to help develop AI for health care
FREEPIK The Mayo Clinic, a nonprofit medical center based in Rochester, Minnesota, on Monday said it will partner with Silicon Valley startup Cerebras Systems to develop artificial intelligence (AI) models for the health care industry. The Mayo Clinic, which has three major campuses in the U.S. in addition to locations […]
Biden administration to unveil contractor rule that could upend gig economy
Official White House Photo by Cameron Smith The administration of US President Joe Biden will release a final rule as soon as this week that will make it more difficult for companies to treat workers as independent contractors rather than employees that typically cost a company more, an administration official […]
Pfizer to remain aggressive on obesity market after setback
NEW YORK – Pfizer will remain aggressive in trying to break into the lucrative obesity market, even after dropping a high profile weight-loss drug candidate late last year due to strong side effects, Chief Executive Albert Bourla said on Monday. “Pfizer’s position is that we believe that obesity is a place that we […]