News
-
Carbon removal technology firm Aircapture has announced a $50 million Series A funding round, aimed at scaling its Direct Air Capture (DAC) systems to capture and recycle CO2 at industrial sites. Founded in 2019, the California-based company provides modular on-site DAC machines that extract CO2 from the atmosphere, making it available for customers’ production processes.…
-
Rosebank Industries, the investment vehicle led by Melrose founder Simon Peckham, has struck a £1.4bn deal for a North American electrical components business. The acquisition of Electrical Components International (ECI), the company’s first, will be financed through debt facilities and a £1.14bn capital raise at an issue price of £3 per share. Peckham, a veteran…
-
Eighth interest rate cut in 12 months sees deposit rate fall to 2% as eurozone braces for U.S. duties.
-
Labour is exploring a new national, universal digital ID card for every adult in the UK to tackle illegal migration. The ID is being tentatively branded as ‘Britcard’, and could be downloaded onto a smartphone in the shape of a “free verifier app”. Plans for the digital ID were laid out in detail by the…
-
The chairman of Reform UK has quit his position, saying working to get the party elected was no longer “a good use of my time”. Zia Yusuf’s decision follows a row in which he described a question to the Prime Minister concerning a ban on burkas from his party’s newest MP as “dumb”. Announcing his…
-
Flare Audio Achieves Royal Honor for Innovation The UK tech firm Flare Audio has been granted the esteemed King’s Award for Enterprise, recognizing its groundbreaking product, Calmer. This in-ear device reduces overwhelming sounds, fostering a more peaceful experience and alleviating noise-related anxiety. Celebrated for crafting state-of-the-art audio solutions, the award-winning company has launched various technologies…
-
Honeywell UOP, Johnson Matthey, GIDARA Energy, and SAMSUNG E&C have announced the formation of an alliance aimed at developing new technology to accelerate sustainable aviation fuel (SAF) production and reduce costs. Fuel is a major contributor to emissions in the aviation sector. SAF, generally derived from sustainable resources like waste oils and agricultural residues, is…
-
In the swiftly evolving and technology-centric environment of today, the invisible software integral to numerous systems – from vehicles and aircraft to medical treatment devices – is vital in safeguarding our well-being. This software, referred to as the Real Time Operating System (RTOS), enables the safe, precise, and secure functioning of critical apparatus. Among the…
-
Digital Control Room introduces an innovative platform for worldwide online content compliance. Digital Control Room has launched a revolutionary platform that automatically analyzes companies’ online content on a global scale to guarantee ongoing compliance. The digital era has resulted in an explosion of online content, making it essential to remain vigilant in upholding adherence to…
-
Nippon Steel has revealed a significant investment plan amounting to ¥870 billion (approximately £4.9 billion) to transition its steelmaking processes in Japan from traditional blast furnaces to electric arc furnace (EAF) technology. This strategic shift is part of its efforts to substantially decrease carbon emissions in steel production, a sector known for its high CO2…