The cryptocurrency market is in a state of flux today, with prices falling across the board. The main reason for the decline is the ongoing war in Ukraine, which has created uncertainty in the global markets. Investors are selling risky assets like cryptocurrencies as a result. Another reason for the decline is the rising interest…
Clean energy to attract over $1.7 trillion of investment in 2023, IEA says
Global investment in energy is slated to hit roughly $2.8 trillion in 2023, according to a new report from the International Energy Agency (IEA), with over $1.7 trillion of that set to go on clean energy technologies such as EVs, renewables and storage. In a sign of how the energy transition is progressing, the IEA’s…
Sony’s Project Q: A new way to play PS5 games on the go
Sony has announced Project Q, a new portable device that will let you stream PS5 games to an 8-inch HD screen. The device will have all the buttons and features of the PS5’s DualSense controller, such as haptic feedback and adaptive triggers. Project Q is expected to launch later this year12. Sony’s Project Q is not…
UK car production rises in April driven by strong demand for exports
UK car production rose by 9.9% in April, with 66,527 new models being built in the month. This was the third consecutive month of growth, and the highest level of production since January 2022. The increase in production was driven by strong demand for exports, with 82.4% of cars built in the UK destined for…
BenevolentAI announces strategic plan to boost AI and biopharma businesses
AMSTERDAM: BenevolentAI, a leader that combines cutting-edge Artificial Intelligence (AI) and science to accelerate biopharma discovery and development, today announced a strategic review approved by its Board of Directors. The Company said it is further evolving its differentiated technology platform and launching a new suite of products to capitalise on the vast potential of AI-driven…
Gold Prices Fall After Hitting Two-Week High
Gold prices fell on Thursday, as investors took profits after the precious metal hit a two-week high in the previous session. Spot gold was down 0.2% at $1,962.55 per ounce by 0130 GMT, after hitting $1,979.50 on Wednesday, its highest since May 9. U.S. gold futures fell 0.3% to $1,964.70. “Gold is consolidating after its…
ADM Energy invests in US oil leases through new subsidiary
LONDON, UK: ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company with an existing asset base in Nigeria, has invested in five on-shore US oil leases by way of a Membership Interest Purchase Agreement with OFX Holdings, LLC (formerly Tennessee Black Gold, LLC), a substantial shareholder of the Company. The…
Ofgem Announces New Price Cap Level and Package of Decisions
LONDON, UK: The energy regulator Ofgem has announced a new price cap level for the period of April to June 2023. The new cap will be set at £3,280 for a dual fuel household paying by direct debit based on typical consumption. This is a reduction of almost £1,000 from the current level, of £4,279…
MVIL invests £8 million in private capital servicing start-up Palmer
LONDON, UK: MVIL (LSE: MVIL), a London-listed investment company, has announced that funds managed by Marwyn Investment Management LLP have made an investment of £8 million in Palmer Street Limited (Palmer), a new private capital servicing company. Palmer is being set up by a team of former senior executives of Sanne Group plc, a FTSE…
Dr Debra Barker appointed interim CEO of Destiny Pharma as Neil Clark steps down
BRIGHTON, UNITED KINGDOM: Destiny Pharma plc (AIM: DEST), a clinical stage innovative biotechnology company focused on the development of novel medicines that can prevent life-threatening infections, today announces, ahead of the AGM, that Neil Clark has decided to step down as Chief Executive Officer to pursue new challenges. Neil will also step down from the…
Gamma Communications appoints Martin Hellawell as Chair and Non-Executive Director
LONDON, UK: Gamma Communications announces that Martin Hellawell will be appointed as Chair and Non-Executive Director of the Board with effect from 1 July 2023. He will replace Richard Last, who will step down from the Board also on 1 July 2023 having served as Chair for nine years. This is in line with our…
Exchange rates for GBP against major currencies on May 25, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1495 Pounds to Euros GBP-USD 1.2344 Pounds to Dollars GBP-NZD 2.0295 Pounds to New Zealand Dollars GBP-AUD 1.8917 Pounds to Australian…