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The German government announced this week plans to invest US$568mn in the creation of a research facility to improve German firms’ attempts at developing battery cells for electric vehicles, Channel News Asia reports. German Education and Research minister Anja Karliczek announced the pledge on Wednesday, outlining plans to use the new facility to transfer information concerning ...
Swiss chemicals firm Clariant has signed a joint biofuel research agreement with American gas and oil titan ExxonMobil, and the Renewable Energy Group (REG) Clariant specialises in providing integrated technologies and solutions for the conversion of agricultural waste into fuel, with its high-yield sunliquid process using no chemicals in the process. The agreement will see joint evalu...
Facebook Chief Operating Officer Sheryl Sandberg announced this week that, in 2019, the company plans to add 1,000 new jobs in Dublin, along with investing large sums in Irish companies, according to a report by Silicon Republic. The new injection of jobs, which will be filled over the course of 2019, brings Facebook’s total number of employees in the city to 5,000. Outside of Cal...
German multinational software firm SAP SE has announced the launch of the SAP.iO No Boundaries initiative, which seeks to invest in entrepreneurs from underrepresented groups. In its 21 January press release, SAP said it is committing 40% of the investable capital from the SAP.iO fund to the programme which is focused on funding and incubating firms led by women and people from ethnic minoriti...
David Mills, CEO of industry-leading document management solutions and services provider Ricoh Europe shares his thoughts on the state of the market for SMB's. This is a particularly tough time for Europe’s SMBs. Regulatory requirements and economic shifts are fundamentally changing markets. Meanwhile, rapid advancements in technology and innovation are transforming cust...
Antoine Baschiera, CEO and co-founder at Early Metrics gives Business Chief his thoughts on the possible effects of Brexit on the global fintech market. London is the indisputable capital of financial innovation in Europe. It’s the leading city for digital financial services, thanks to high levels of internet connectivity, and has the most mature Fintech market in terms of n...
Rob Shaw, CEO of Jaywing, a data science-led UK agency, specialising in the fields of marketing, customer management and credit and fraud risk regulation and management, shares his thoughts on the future of artificial intelligence in 2019. For me, 2018 was always going to be the year that saw much more happening in the adoption of artificial intelligence. So, as I s...
Stockholm-headquartered lock and security solutions company Assa Abloy announced this week plans to acquire KEYper Systems, an electronic and mechanical key management systems firm located in Harrisburg, North Carolina. KEYper Systems, which specialises in providing products and services to the automotive construction industry. "I am very pleased to welcome KEYper Systems into the ...
Virgin Atlantic and Stobart Group have partnered to join a consortium, dubbed Connect Airways, to acquire the Exeter-based airline, Flybe. Connect Airways also includes Cyrus Capital Partners, the venture capital company based in New York and London. Virgin Atlantic and Stobart Group will each own a 30% stake in firm, whilst Cyrus have 40% shares in Flybe,the Independent revea...
Jo Howes is the Commercial Director of CREALOGIX UK, the Fintech100 company which is among the global market leaders in digital banking with headquarters in Switzerland and offices in Germany, London and Singapore. Here she shares with us her predictions for the short, medium and long term of the wealth management and banking and finance industry. The fu...
Today, Tesco released its third quarter and Christmas trading statement, revealing it to be ahead of other major supermarkets, as well as beating its own personal record of sales from 2009. Chief Executive, Dave Lewis said: “As a team we have achieved a lot in the last 19 weeks. In the UK we delivered significant improvements in our competitive offer and this is reflected in a very ...
Aldi, the discount supermarket, made a 10% increase to profit over the Christmas period. The introduction of their seasonal and premium range generated immense popularity, making for their most successful year yet. The German company shared that their UK stores made £1bn in December. Chief Executive of Aldi, Giles Hurley, commented on the success: “We begin the new year with g...
Greggs announced today that they have increased their profit margins following successful sales of seasonal festive products. They have now increased their profit forecast to £88mn for 2018. Chief Executive, Roger Whiteside, commended December as: “a very strong finish to 2018 despite the well-publicised challenges in the consumer sector. “This performance was ...
Rob Shaw is the CEO of Jaywing, a creative and AI technology consultancy in the UK and Australia. Here he shares with us the developments he has seen over the last year, with the shift away from traditional marketing strategies, and what 2019 should hold for the industry. For me, 2018 was always going to be the year that saw much more happening in the adoption of artifi...
Laing O'Rourke announced today that it has made progress to refinance the UK branch of their company. This follows on from the successful refinance of their Australian branch in mid-2018. It noted that it was going through the final credit approval protocols and documentation by each lender organisation. Ray O’Rourke, Founder and Group Chief Executive, said: “I am del...
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