The feeling you experience when flying the Jetson ONE through the forest is unreal. The excitement and thrills are phenomenal, far more incredible than what you have seen in sci-fi Hollywood blockbusters.
Can you think of any manned aircraft capable of speeding through the forest like this? Our mission is to make the skies available for everyone with our safe personal electric aerial vehicle. Are you ready to experience a completely new and exciting way of travel?
(qlmbusinessnews.com via uk.reuters.com — Thur, 12th May 2022) London, UK —
HSBC Holdings (HSBA.L) said on Thursday it was launching a $1 billion lending fund to invest in female-owned businesses over the next 12 months.
“The level of funding received over time by female-led businesses is significantly lower than male counterparts, while the recent impacts of the pandemic have seen these same businesses disproportionately affected,” Sam Cooper-Gray, global head of market strategy at HSBC Business Banking, said in a statement.
“Female-owned businesses are also less likely to have global networks, meaning international expansion can prove particularly challenging,” she said.
The fund appears to cover more markets than any other such initiative.
In January 2021, NatWest Group (NWG.L) allocated 1 billion pounds ($1.2 billion) to support female-led businesses in Britain recover from the COVID-19 pandemic, adding to 1 billion pounds the bank made available in 2020.
HSBC said access to funding remained one of the biggest hurdles for female business leaders worldwide. Female-owned businesses had received just 3% of start-up funding in 2019, HSBC said.
HSBC's Female Entrepreneur Fund will be open to both new and existing customers across 11 markets, with nearly half of them in Asia, including Hong Kong, Singapore and Indonesia. Other markets include the United States, Britain and Uruguay.
James Rogers, founder of Apeel Sciences, learned that one of the main causes of global hunger isn’t that we as a species aren’t capable of growing enough food, it’s that so much of it goes bad before it can be consumed.
The reason food goes bad is fairly simple: Oxygen comes in, water goes out. If he could find a way to stretch that out, he might be able to make a dent in global hunger.
James thought, if we could slow the process of steel from oxidizing, why couldn’t we do the same for a ripe avocado?
Here’s how Apeel became a $2 billion start-up looking to end world hunger.
The EcoVillage at Ithaca was established in 1991 and has become a mature communal village with three neighborhoods developed on 10% of the land with 90% of the land devoted to farmland and natural areas. Given that we're interested in communally living at Flock, we took quite a bit of notes from the EcoVillage, which is celebrating their 30th anniversary this year.
The actress and founder of The Honest Company speaks with Moira Forbes to discuss what motivated her to launch her business, how she learned to silence the critics and her advice for aspiring entrepreneurs.
(qlmbusinessnews.com via bbc.co.uk – – Mon, 31st Jan 2022) London, Uk – –
Co-op shop floor workers have won a key legal argument in a battle to secure equal pay with warehouse staff.
More than 1,600 mostly female supermarket workers have been fighting for pay parity with mostly male staff at distribution centres, who are paid up to £3 an hour more.
Co-op has conceded a “comparability concession”, a step towards recognising the different roles are of equal value.
But it said its workers were “fairly” paid and the battle was far from over.
It comes amid similar equal pay battles at rival supermarkets Tesco, Asda, Sainsbury's and Morrisons.
Co-op made its concession at an ongoing pay tribunal. Tom Hewitt of solicitors Leigh Day, which is representing the workers, said Co-op shop floor workers had now “cleared the first hurdle in their claims for equal pay”.
“We hope that Co-op recognises that they can no longer deny that the work store workers do is of equal value to that of their distribution centre colleagues,” he said.
The claim began after the mostly female shop floor employees found they were being paid less than men in Co-op's warehouses.
This made them feel they were “underpaid for the same effort”, Leigh Day said.
The law firm said Co-op's concession was the first stage in a three-step process that could see the workers reclaiming thousands of pounds of missed back pay.
The retailer will now have to show that the roles are not of equal value or that there is a genuine reason for the pay difference which is not based on gender.
A Co-op spokesman said: “Our colleagues play an important role in feeding the nation and it's central to the Co-op's values that we pay them fairly for the work that they do in supporting communities.
“We believe that we pay our colleagues fairly for the roles that they do, and so will continue to defend these claims.”
£8bn of back pay claims
It is the latest of a number of equal pay fights that could end up costing grocery chains up to an estimated £8bn in back pay claims.
In September 2021, an employment tribunal ruled that the roles of Morrisons' store workers could be compared to their colleagues in distribution centres.
The case has proceeded to further hearings examining whether store worker and distribution roles are of equal value.
In March 2021, a landmark judgment was handed down by the Supreme Court which confirmed that Asda's shop floor workers could compare their roles to those of colleagues in distribution centres for the purposes of equal pay.
However, the judge stressed the ruling did not mean the 44,000 claimants had won the right to equal pay, only that they were free to take further legal action.
Meanwhile, in June 2021 thousands of Tesco shop floor workers celebrated a European court ruling that an EU law could be relied on in making equal pay claims against their employer. It argues that a worker can be compared with somebody working in a different establishment if a “single source” has the power to correct the difference in pay.
The Tesco workers, mostly women, had argued that they failed to receive equal pay for work of equal value with colleagues in its distribution centres, who are mostly men.
Following the ruling Tesco said: “These claims are extremely complex and will take many years to reach a conclusion. We continue to strongly defend these claims.”
Lawyers say the litigation could run on for years.
Misfits Market is an online grocery delivery service that sells “ugly” organic produce for cheap. In the first four months of 2021 alone, Misfits Market rescued the same amount of food it saved in 2020 as a whole.
In 2020, Misfits Market shipped 77 million pounds of food to more than 400,000 households across the U.S. Since launching in 2018, Misfits Market has expanded to both coasts, has over 1,000 employees and has received over $300 million in funding.
Bloomberg reports its valuation tops $1 billion, putting it into unicorn territory. But Misfits Market wasn’t an obvious success. In fact, it was just one of many businesses started by its 29-year-old founder Abhi Ramesh.
The World's Most Expensive Hotels S02E05 – Brown's Hotel The staff of the Browns hotel in London, including the hotelier, head concierge and drinks maestro, discuss what it takes to help keep the city's oldest hotel in working order.
(qlmbusinessnews.com via theguardian.com – – Thur, 27th Jan 2022) London, Uk – –
New boost to UK auto industry after tech giant and scooter maker invests in R&D plant to develop electric vehicles
Indian tech company Ola has announced plans to invest £100m in the UK to open a research and development facility for a planned electric car, in a significant boost to the UK automotive industry.
Ola launched its taxi app that rivals Uber in cities including London, Birmingham and Cardiff in 2018, but it is pushing into electric vehicles with a recently launched road-going scooter and a planned electric car.
The new facility will be based in Coventry, the traditional West Midlands centre of the UK automotive industry. It will create 200 jobs in design and engineering. Workers at the plant will also research battery technology.
Ola was founded in India in 2010 by Bhavish Aggarwal, and it now claims to be the world’s third-largest ride-hailing app. This week its electric vehicle arm, Ola Electric, raised $200m in funding at a reported $5bn (£3.7bn) valuation, and previous backers include Softbank, the major Japanese technology investor. It is also reportedly planning a stock market float to raise as much as $2bn.
The scooters are currently designed and manufactured in Bangalore, but Ola said the new UK facility, dubbed its “Futurefoundry”, will work closely with the headquarters. The company did not detail where it would build its electric cars, although wage costs are significantly lower in India than in the UK.
The investment will likely be seen as a vote of confidence in the UK automotive industry, which has seen a recent jump in investment following years of underperformance as big firms awaited clarity on the crucial trading arrangement with the EU.
Traditional carmakers such as Volkswagen are racing against newer companies led by America’s Tesla to invest in facilities to build new battery electric vehicles. However, EVs still only accounted for about 12% of UK sales in 2021.
The alliance between Renault, Nissan and Mitsubishi announced on Thursday became the latest traditional carmaker to outline plans for major investments. The alliance said it would spend €23bn (£19.2bn) over the next five years to launch new electric models, including a new Nissan compact car in Europe – built at a Renault factory in northern France – to replace the Micra.
Ola would be a relatively late entrant to the electric car market, but its scooters have initially targeted its home market which is dominated by cheaper models.
Ola’s Aggarwal said: “Ola Futurefoundry will enable us to tap into the fantastic automotive design and engineering talent in the UK to create the next generation of electric vehicles. Futurefoundry will work in close collaboration with our headquarters in Bangalore, India to help us build the future of mobility as we make electric vehicles affordable across the world.”
The company last year recruited Wayne Burgess, a former Jaguar and Geely designer, to lead the UK vehicle design efforts. Burgess said Ola wanted to create a “world-class design and R&D team with global sensibilities”.
He added that the company will look at “two-wheeler, four-wheeler and other form factors.”
(qlmbusinessnews.com via bbc.co.uk – – Fri, 21st Jan 2022) London, Uk – –
A firm planning mass production of electric car batteries in the UK has secured government funding for its proposed factory in Northumberland.
Britishvolt announced plans for the so-called gigafactory in Cambois two years ago, saying it would create 3,000 jobs.
The BBC understands the government has committed about £100m through its Automotive Transformation Fund.
Britishvolt also announced backing from investors Tritax and Abrdn, that should unlock about £1.7bn in private funding.
Business Secretary Kwasi Kwarteng described the support as “reindustrialisation”. He told the BBC's Today programme that the “huge investment” would give people the “opportunity to have highly-paid, well-paid, high-skilled jobs”.
“We're bringing industry, we're bringing manufacturing to an area that has been under invested in frankly and we're bringing thousands of jobs,” he said.
“Well paid jobs, which represent a huge economic opportunity for people in this area. This is exactly what levelling up looks like. “
Analysis By: Theo Leggett
The government wants the UK to become a major force in the fast-growing market for electric cars.
But if it wants manufacturers to build them here, then having gigafactories in the UK as well is vital.
Not only are battery packs big and heavy, making local production desirable, they also make up a large proportion of the value of an electric car.
And under the Brexit deal, cars made in the UK and sold in Europe will soon have to contain a significant amount of UK or European parts.
Put simply: If batteries aren't made here, the chances are carmakers won't set up shop here either.
Experts say the Britishvolt plant will have to be the first of many. The future of the entire UK car industry depends on it.
The sale in the UK of new petrol and diesel cars will be banned by 2030, with manufacturers switching to making electric vehicles and requiring huge battery production.
The government has set aside more than £800m to attract battery investment to the UK. Mr Kwarteng said Britishvolt would help put the UK at the front “in this global race between countries to secure vital battery production”.
At full capacity, expected to be achieved by the end of the decade, the factory will produce enough battery cells for more than 300,000 electric vehicle battery packs per year.
The gigafactory is being built on the site of the former Blyth Power Station. In addition to the 3,000 people at the site, Britishvolt estimates at least another 5,000 jobs will be created in the supply chain.
Peter Rolton, Britishvolt's executive chairman, told the BBC's Today programme that he would like all of the new jobs at the plant to go to people living in the area, and said the company was setting up a training centre in nearby Ashington.
“Our policy is going to be to try and not to say no to anybody,” he added.
Mr Rolton said the first batteries ready for use would roll off the production line in 2024.
He said: “This announcement is a major step in putting the UK at the forefront of the global energy transition, unlocking huge private sector investment that will develop the technology and skills required for Britain to play its part in the next industrial revolution.
“This is a truly historic day and marks the start of a truly exciting move towards a low carbon future.”
Last year, Nissan's partner, China's Envision AESC, announced it would build an electric battery plant to supply an expansion of electric vehicle production at the Japanese carmaker's plant in Sunderland.
Sharks, caimans, tropical fish, sea lions… With its 35,000 seas creatures, Nausicaá attracts 600,000 visitors each year. But today, the aquarium is writing a new page in its history by becoming Europe’s biggest aquarium.
To meet this challenge, the engineers had to build a giant tank, as large as four Olympic swimming pools, and to develop a unique water filtration system, a world first. Each stage of the construction was a technical feat, including welcoming more than 22,000 additional animals, and hammerhead sharks.
From the structure’s architecture to the logistics of breeding thousands of species and bringing in hundreds more from all over the world, this film takes us on an immersive journey into this exceptional project.
The country’s adoption of BTC as legal tender wasn’t enough to keep the cryptocurrency near $50K in September.
El Salvador buys in
In June, El Salvador President Nayib Bukele, announced that bitcoin would become legal tender, making his country the first to make that move, which also meant no capital gains taxes for bitcoin holders there.
Bitcoin rose about 70% from a low of around $30,000 toward a high of nearly $50,000 in early September as traders reacted to the news from El Salvador – seen by many fans of the 12-year-old digital asset as a long-awaited validation of its potential to serve a global currency. El Salvador’s bitcoin’s law went into effect in September.
When the law actually took effect, bitcoin’s price began to sell off – a classic “buy-the-rumor, sell-the-fact” scenario. (A similar thing had happened earlier in the year, when the big cryptocurrency exchange Coinbase held its direct stock listing on the Nasdaq exchange.)
Bukele tweeted that El Salvador was ready to buy on price dips even as BTC continued to fall. A growing number of users on social media platforms, including Twitter and Reddit, called for people to buy small amounts of bitcoin in support of El Salvador’s bitcoin policy, Bloomberg reported. Many investors were already betting the news could give the oldest cryptocurrency a price boost.
On Sept. 13, software company MicroStrategy purchased an additional 5,050 BTC for about $242 million in cash. Still, BTC continued lower.
BTC declined from $50,000 toward $40,000 and ended September on a down note.
Concerns were growing over a possible credit default by the Chinese property developer Evergrande Group, shaking speculative assets including equities and cryptocurrencies; lower risk appetite among investors also contributed to bitcoin’s September slump.
The takeaway for crypto traders from the July-August price action was that El Salvador’s decision to make BTC legal tender wouldn’t be enough to keep the cryptocurrency’s price elevated at $50,000. Bitcoin’s correlation with stocks increased along with the credit concerns in China.
Still, the nearly 7% BTC drop in September looked far less severe than the 50% price crash in April and May. After some ups and downs, bitcoin’s price had again stabilized at well above 2020 levels as some traders began to anticipate a $100,000 BTC price by year end.
(qlmbusinessnews.com via news.sky.com– Fri, 17th Dec, 2021) London, Uk – –
The banking giant has previously been hit with a record penalty by the US authorities over the movement of cash from Mexican drug cartels.
The UK’s financial watchdog has fined HSBC almost £64m for money laundering failures.
The Financial Conduct Authority (FCA) issued the penalty after finding “serious weaknesses” in the banking giant's automated systems used to monitor hundreds of millions of transactions a month to identify possible criminal activity.
It highlighted three key failings which were found over the eight years from March 2010 to March 2018.
HSBC was also found to be inadequately checking the accuracy and completeness of the data being fed into its monitoring systems.
HSBC did not dispute the watchdog’s findings, and agreed to settle at the earliest possible opportunity.
As a result, the fine was reduced from £91m to £63.9m
The bank has a history of sanctions relating to its money laundering controls.
In 2017, HSBC was told to pay $1.9bn (£1.4bn) to settle a money-laundering probe by US authorities – the largest penalty of its kind ever paid by a bank.
The investigation found Europe's largest bank failed to prevent Mexican drug cartels from washing hundreds of millions of dollars.
But despite this scrutiny, regulators say HSBC continued to fail in its responsibility to prevent money laundering.
Mark Steward, executive director of enforcement and market oversight at the FCA, said: “HSBC’s transaction monitoring systems were not effective for a prolonged period despite the issue being highlighted on numerous occasions.
“These failings are unacceptable and exposed the bank and community to avoidable risks, especially as the remediation took such a long time.
“HSBC continued their remediation to address these weaknesses after the relevant period.”
Last week, NatWest was fined £265m after it admitted a string of anti-money laundering failures related to the activities of a suspected “drugs gang” behind deposits worth hundreds of millions of pounds.
Prosecutors told London's Southwark Crown Court that bags of cash were taken to 50 branches between 2012 and 2016 and deposited into accounts linked to Bradford-based jeweller Fowler Oldfield.
The company was suspected, according to the FCA, of being a front for an illegal drugs operation that was eventually shut down following a police raid.
The court heard that one person in Walsall had even arrived at a branch with £700,000 in cash in bin bags – so much that they broke and the money had to be repacked in hessian bags.
((qlmbusinessnews.com via theguardian.com – – Tue, 14th Dec 2021) London, Uk – –
Marks & Spencer (MKS.L) was Britain's fastest growing food retailer in the 12 weeks to Dec. 4, market researcher NielsenIQ said on Tuesday, providing more evidence the group's latest turnaround plan is delivering.
NielsenIQ said M&S's sales rose 9.1% in the period year-on-year, outpacing German-owned discounters Lidl and Aldi, which recorded growth of 8.3% and 4.6% respectively.
They were the only three retailers to grow sales against the same period last year.
Market leader Tesco (TSCO.L) was the best performing of the so-called big four grocers, with its 0.7% sales decline significantly outperforming Sainsbury's (SBRY.L), Asda and Morrisons, who recorded declines of 4.6%, 4.2% and 5.6% respectively.
Comparative numbers were tough as in the same period last year Britain was in COVID-19 lockdown.
Rival market researcher Kantar does not include M&S in its monthly reports.
Last month M&S, which also sells clothing and homeware, beat forecasts for first-half profit and upgraded its earnings outlook for the second time this year, sending its stock soaring on bets that one of Britain's most elusive turnarounds could finally materialise. Its shares are up more than 70% so far this year.
NielsenIQ said total UK till grocery sales fell 2.5% in the four weeks to Dec. 4 year-on-year.
However, it said spending has picked-up with sales down just 0.9% in the first week of December.
The researcher forecast British shoppers would spend 6.8 billion pounds ($9 billion) at supermarkets in the two weeks to Dec. 24.
It said British shoppers were seeking to treat themselves to more premium and higher value items this Christmas, with the average value of the shopping basket running 2.6% higher this year.
This Alux video we will be answering the following questions: What is the meaning of Workation? How do you get a Workation? Why is Workation important? Where can I go for Workation? How do you travel with WFH? What is digital nomad? How long is a Workation? What should I bring for Workation? How do you plan a Workation? What countries are best for digital nomads? Where can you be a digital nomad? Where do the most digital nomads live? Can you be a digital nomad in Bali? Do digital nomads pay tax? Is being a nomad illegal? How do I become a digital nomad with no experience? How much money do I need to be a nomad? Where do nomads stay? How do you become a nomad in 2021? Where to live if you can work remotely?
A lavender farm in West Virginia is restoring land destroyed by coal mining and providing jobs in a state struggling as the fossil fuel energy is on its way out. There are over 6 million acres of abandoned coal mines across the US, and more could go to waste if coal companies don’t restore their land.
(qlmbusinessnews.com via news.sky.com– Wed, 1st Dec, 2021) London, Uk – –
Solly Solomou plans to sell part of his £200m stake in the initial public offering of one of the UK's most prominent youth media businesses, Sky News learns.
LadBible Group, the youth-focused digital publisher, is to target a valuation of £360m in one of the London stock market's biggest media industry flotations this year.
Sky News understands that Solly Solomou, the co-founder of LBG Media, is to sell a chunk of his stake, which will be valued at about £200m if the initial public offering (IPO) is successful.
LadBible, which was founded by Mr Solomou and Arian Kalantari in 2012, has become one of Britain's most prominent digital content publishers aimed at young adults.
The business was established during a period of explosive growth in online media consumption, and has managed to carve out a loyal international following which now generates more than 28bn content views globally every year.
Its surging audience has come at a time when traditional ‘lads' magazine' publishers have struggled to compete online, with the likes of FHM, Loaded and Zoo all either ceasing their print editions or closing altogether.
The British-based company owns a portfolio of online titles including LADbible, SPORTbible, Tyla, GAMINGbible and UNILAD.
Surprisingly, 40% of its audience is female.
City sources said that LBG Media was likely to raise £30m from the sale of new shares, with £80m of shares being sold by existing investors including Mr Solomou.
As part of its preparations for going public, it has recruited Carol Kane, the co-founder of the online fashion site Boohoo, to its board, according to a draft Schedule One published on Wednesday.
Ms Kane has become a non-executive director of LBG Media after her Boohoo colleague and major LadBible shareholder, Mahmud Kamani, stepped down from the media company's board.
LadBible competes with the likes of Vice Media, the US-based publisher which has drawn investment from companies such as Walt Disney and WPP Group.
The British publisher boasts that its readership amounts to 10bn more content views than Vice and MailOnline – owned by the Daily Mail's publisher – combined.
The company's huge social media following has led to creative success at the Cannes Advertising Festival for Trash Isles, its campaign to reduce plastic waste.
In 2018, it made its most significant acquisition when it bought UniLad, a competitor which had run into financial difficulties.
LadBible employs 360 people at offices in London, Manchester, Dublin, Melbourne and Sydney.
Revenues are said to have grown at a compound annual growth rate of over 35% in the four years to December 2020, reaching about £30m in the last calendar year.
LadBible's commercial clients include the NHS, Disney+, Ford, Microsoft, Netflix and Unilever.
Sky News revealed in July that LadBible was exploring a London listing.
This Alux video we will be answering the following questions: Is cash a good investment? Is cash better than bitcoin? Is cash losing value? Why is cash becoming worthless? What are the best investments? What to invest in right now? What is the best investment for 2021-2022? What assets are better than cash? What investments are better than saving money? Is saving money a good idea or should you invest it all?