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Leadership
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- Nov 21, 2018
The California-based data centre provider, Equinix, has announced plans to develop an International Business Exchange™ (IBX®) site at its London Slough campus. The site is anticipated to cost £90mn (US$115mn), which will add to the nation’s recent digital infrastructure investment total of £295mn ($377.17mn). “Equinix’s investm...
J. Safra Group, the Brazil-headquartered conglomerate and owner of London’s Gherkin, has revealed plans for the UK’s latest tower development. The building, with has been dubbed the Tulip, has been designed by the British architects Foster + Partners. J. Safra Group has submitted a planning application for the Tulip with the City of London Corporation, meaning construct...
Google, the California-based technology giant, has revealed plans to develop a new data centre in Fredericia, western Denmark. The company will invest €600mn (US$686mn) into the project The firm claims it searches for locations with “high-quality digital infrastructure and supports renewable energy production” when planning for data centres. “ Data cente...
Jim Ratcliffe, the wealthiest person in the UK, has revealed plans to purchase oil and gas fields in the North Sea. The businessman’s company, INEOS, is in exclusive talks with the Houston-based energy company, ConocoPhillips, to acquire the fields. The American firm could be selling up to £2.3bn (US$3bn) worth of shares in the fields, according to the BBC. The dis...
The German automaker, Volkswagen, has announced plans to invest €44bn (US$50bn) into electric vehicles (EVs), autonomous driving, and new mobility services by 2023. The firm revealed the plans on 16 November, according to Reuters, following the firm’s supervisory board vote on capital spending plans. Under its new strategy, Volkswagen will retool three of its plants in G...
The Chief Executive Officer of the German financial institution, Deutsche Bank, has urged politicians to form a digital innovation programme. Christian Sewing made the announcement at the European Banking Congress in Frankfurt on 16 November. The CEO claims that a European programme could compete with the US and China, Reuters reported. “We have to accelerate the banking...
The Swedish construction firm, Serneke, has expanded its operations to the Australian market. The company, which was founded in 2002 in Gothrnburg, targets medium and high-density development projects that aim to improve the quality of life for residents in existing communities. The company has formed a joint venture, Serneke Australia, and bought into Consortium Builders Pty Ltd. ...
The Swedish furniture retailer, IKEA, has announced plans to invest €5.8bn (US$5bn) in real estate operations over a span of three years. Ingka Centres, the firm’s property business, aims to increase its real estate assets by more than half, the Financial Times reported. The unit currently owns €9.5bn ($8.26bn) of real estate, which includes €3bn ($2.61bn) of n...
The consumer group, Which?, has released its top five companies for online shopping in the UK. Topping the list is the beauty retailer, LizEarle.com, which scored a rating of 94% from a survey of 10,000 people. The latest annual online shop survey was based on the experience of Which? members over the past six months. The following four companies all scored 93% in the survey: ...
Equinix recently published the second volume of its Global Interconnection Index (GXI) – the industry’s annual analysis of global traffic exchange that tracks, measures and forecasts growth in interconnection bandwidth. This bandwidth is the total capacity provisioned to privately and directly exchange traffic with a diverse set of participants at distributed IT exchange points, ...
During the third quarter of 2018, the UK’s economy grew by 0.6%, according to the Office for National Statistics (ONS). With warm weather and the World Cup encouraging consumer spending, the nation saw its economy grow at the fastest rate since the fourth quarter of 2016. “The economy saw a strong summer, although longer-term economic growth remained subdued. There are ...
The Santa Monica-based electric scooter startup, Bird, has announced the launch of its operations the UK’s capital city, London. The company – which expanded to France, Israel, Belgium, Austria, and Mexico earlier this year – will offer its scooters in the Queen Elizabeth Olympic Park in east London from 6 November. In the US, the company serves 70 towns and citie...
The Bonn-headquartered telecommunications firm, Deutsche Telekom, has revealed plans to build an electric vehicle (EV) charging network in Germany. The company will develop the network by adding power cables to fixed line and cable infrastructure boxes. The firm will target existing grey cable boxes located on residential roads across the country, Reuters reported. By upgradin...
Today, the 20 richest people on the planet are worth a staggering $1.2trn. As the divide between the rich and the richer widens and fortunes stack up, we take a look at Forbes’ ‘The World’s Billionaires’ list to find out the richest people in Europe and how they got there... 10.) Stefan Quandt German billionaire Stefan Quandt is one of the ...
The US e-commerce giant, Amazon, will be launching its Prime Wardrobe service in the UK, allowing customers to try clothes before they buy them. Under the service, customers signed up to the firm’s Prime subscription service will be able to order between three and eight items of clothing without paying an upfront cost. The order will be delivered free of charge, and the items...
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