Biden turns on the investment taps with $1.2 trillion bill agreement June 25, 2021 The US Senate has finally agreed on a $1.2 trillion infrastructure bill, which was watered down some $1.1 trillion from Biden’s original pitch. The deal, worth an eyewatering £860bn, accompanies an eight-year plan to fund roads, bridges, the power grid, public transport and the internet. However, left-wing Democrats have called the deal ‘paltry’ after Biden [...]
Over 500 privately owned e-scooters seized by London police last week June 25, 2021 Hundreds of London’s e-scooter riders had their equipment seized by police last week, as the capital’s e-scooter scheme has swayed many private owners to take to the roads. The Metropolitan Police said its officers confiscated 507 of the tech-transport devices during “proactive patrols” across London’s boroughs. Transport for London (TfL) began trialling the e-scooters as [...]
European Parliament approves landmark law to make emissions targets legally binding June 24, 2021 The European Parliament has approved a landmark law today which makes emissions targets within the European Union legally binding. Earlier today, the UK’s Committee on Climate Change (CCC) said the government’s lack of policies jeopardise the country’s chances of meeting its net zero emissions by 2050 target. “Today is a historic day,” Swedish Social Democrat [...]
SpaceX to launch UK-built satellites into space to track climate change June 24, 2021 SpaceX is set to launch three UK-built satellites into space tomorrow, designed to monitor climate change and track endangered wildlife. The UK companies behind the environment tracking tech received a near £15m from the UK Space Agency, through the European Space Agency’s Pioneer Partnership Programme. “As we get ready to host the UN climate change [...]
Russia warns UK to respect borders, or it may ‘drop bombs’ on intruding ships June 24, 2021 Russia has warned the UK that if it fails to respect ‘Russian borders’ then it may bomb intruding ships, while the UK continues to deny any shots or bombs were fired. Russia’s deputy foreign minister, Sergei Ryabkov, said: “The inviolability of the Russian borders is an absolute imperative”, adding that they will be protected “by [...]
Slick: Saudi oil exports more than doubled to $13.8bn in April June 24, 2021 Saudi Arabia’s oil exports rocketed 109 per cent year-on-year in April, worth an eyewatering $13.7bn, according to official data today. Oil exports made up 72.5 per cent of total exports from Saudi Arabia, the world’s top oil exporter – up from 64.8 per cent in April 2020 and 70 per cent in March. The country [...]
eBay to sell majority stake in South Korean branch to E-Mart for $3bn June 24, 2021 Online marketplace giant eBay is set to sell a majority stake in its South Korean branch to retailer E-Mart for $3bn. The deal forms part of a string of asset sales, with the UK’s competition watchdog clearing eBay’s $9.2bn sale of its classified ads business to Norwegian rival Adevinta earlier this month. South Korean E-Mart, part [...]
UK Navy boasts ‘battle winning’ drone, day after Ukraine defence deal June 24, 2021 The Royal Navy has today boasted how its new drone, which can monitor an area larger than Greater Manchester, has come ‘leaps and bounds’ during ‘amphibious assaults’. Testing the airborne surveillance, known as Puma, in the Baltic and the North Sea, lieutenant Ash Loftus and Puma flight commander said the Navy’s tech is advancing into [...]
Shares fly at London-listed DeepVerge as Covid-19 detection tech passes trials June 24, 2021 London-listed scientific research group DeepVerge has said today its wastewater Covid-19 detection technology has successfully completed trials. The news sent the group’s shares flying this morning, rocketing 7.81 per cent and lifting its share price to 34.5p per share. The Covid-19 detection tech, known as Microtox, offers another string to the UK and the rest [...]
Elon Musk’s space broadband service Starlink to go public once revenue is ‘predictable’ June 24, 2021 Elon Musk’s satellite-based broadband service Starlink, part of his space venture SpaceX, will go public once its revenue is ‘reasonably predictable’. Taking to Twitter, Musk – who sits at the helm of several high-tech companies – added that “going public sooner than that would be very painful”. SpaceX is building a new factory in Texas [...]
