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UK in talks with six companies over battery ‘gigafactories’ for electric cars

Six companies are in talks with the UK about building so-called gigafactories for production of batteries for electric cars in moves that could secure the future of Britain’s automobile industry. Carmakers Ford and Nissan, conglomerates LG and Samsung, and start-ups Britishvolt and InoBat Auto are in discussions with the UK government or local authorities about…
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16 June 2021 0

Early-stage venture firm The Fund launches in Australia

The Fund Australia’s team (l to r): Elicia McDonald, Adrian Petersen, Georgia Vidler, Ed Taylor and Todd Deacon The Fund, the early-stage investment firm focused on pre-seed and seed startups, is going Down Under for its latest expansion. The Fund was founded in New York in 2018, before launching in Los Angeles, London, the Rockies…
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16 June 2021 0

EV battery swapping startup Ample charges up operations in Japan, NYC

EV battery swapping startup Ample has locked in two partnerships this month that will help fuel an expansion into Japan and New York City after years of working on the technology. The startup, which was founded in 2014 and came out of stealth in March, said Tuesday it has partnered with Japanese petroleum and energy…
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16 June 2021 0

Stablecoin News for the week ending Wednesday 16th June.

Don’t mention the war!  Here is our pick of the 3 most important Stablecoin news stories during the week. This week it has all been about Basel.  I mean the lovely Alpine Swiss City of Basel, where the Bank of International Settlements (BIS) is based, not Basil Fawlty! First, The Bank of International Settlements (BIS) which…
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16 June 2021 0

UK failing to plan for impact of climate change despite warnings

The UK government’s environmental adviser has accused ministers of failing to plan for the “inevitable” impact of climate change, despite its repeated warnings, leaving the country worse prepared to tackle global warming than it was five years ago. In its latest, quinquennial stock take of the climate risks facing the UK published on Wednesday, the…
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15 June 2021 0

China’s tech workers pushed to their limits by surveillance software

Andy Wang, an IT engineer at a Shanghai-based gaming company, occasionally felt a pang of guilt about his job. Most of his hours were spent on a piece of surveillance software called DiSanZhiYan, or “Third Eye”. The system was installed on the laptop of every colleague at his company to track their screens in real…
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15 June 2021 0

Big Tech critic Lina Khan to lead US competition regulator

US president Joe Biden has tapped Lina Khan, a prominent critic of the power of large technology companies, to chair the Federal Trade Commission, according to a person familiar with the matter. The decision elevates the 32-year-old Columbia University Law School professor to a powerful antitrust role in the Biden administration, as lawmakers in Congress…
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15 June 2021 0