Category: News

Jul 24

AI startups among winners of Mayor’s tech challenge to help Londoners through the cost of living crisis 

The Mayor of London, Sadiq Khan has announced the winning tech companies and AI firms who will receive funding to bring to life their innovative ideas to support Londoners struggling with the cost of living crisis. The ‘Poverty Prevention Challenge’ was launched by Sadiq in January 2023 to find innovative solutions to tackle the impact […]
Jul 24

UK announces £680m for new high-speed electric railway in Turkey

UK Export Finance (UKEF), the UK government’s export credit agency, has underwritten €781m of financing – equivalent to £680m – to support construction of a 286km high-speed electrified railway across southern Turkey. With financing provided through UKEF’s Buyer Credit Facility, Rönesans Holding will finish construction of the Mersin-Adana-Gaziantep High Speed Railway on behalf of the […]
Jul 21

Businesses lack confidence in HMRC’s competence

Business confidence in the HMRC’s competence has fallen markedly as accountants raise “significant concerns” about the accuracy of the information it provides. Official annual surveys of SME-sized businesses released by HMRC has revealed that those with fewer than 20 staff are least confident, with confidence levels down from 63 per cent in 2021 to 54 […]
Jul 21

UK government borrowing less than expected as tax receipts rise and debt bill falls

Government borrowing rose by less than forecast last month as strong tax revenues and a falling debt interest bill helped to boost the public finances. Official figures from June showed that public borrowing rose by £18.5 billion, less than the £21.1 billion expected by the government’s independent watchdog, the Office for Budget Responsibility (OBR). Economists […]
Jul 20

‘Barbenheimer’ hype comes to Canada as moviegoers snap up advanced tickets: Cineplex

Article content Cineplex says the “Barbenheimer” phenomenon is taking hold in Canada, with nearly 345,000 advance tickets purchased for two of the biggest Hollywood movie releases of the year. Article content Canada’s largest movie theatre chain says it’s no surprise that moviegoers are eager to see Christopher Nolan’s “Oppenheimer,” and Greta Gerwig’s “Barbie” — two […]