BMW investment ensures Mini factories’ future

Creative Media NewsTuesday, 12 September 2023, 12:000

BMW intends to invest hundreds of millions of pounds to prepare its Mini factory near Oxford for the production of a new generation of electric vehicles. In 2026, production of two new electric Mini models is scheduled to commence at the Cowley plant. This action is anticipated to safeguard the viability of the facility and...

In government shake-up, insolvency businesses face crackdown

Creative Media NewsSunday, 10 September 2023, 22:000

Ministers abandoned 2021 plans to create a new Insolvency Service oversight to replace the current four regulatory agencies. Reforms to regulate insolvency firms will be announced next week, but they will not create a new agency. The Insolvency Service, which is part of the Department for Business and Trade, will announce proposals that will allow...

Heathrow and Gatwick terminals are equipped with Raac.

Creative Media NewsSunday, 10 September 2023, 20:000

Following school closures due to porous concrete, Heathrow and Gatwick airports are monitoring their buildings. Airports had discovered Raac (reinforced autoclaved aerated concrete) before extensive media coverage regarding its use. Heathrow stated that it has the means to keep the airport secure until “permanent solutions” can be implemented. Gatwick said it has found no cause...

Lotus unveils the Emeya ‘super GT’ electric car.

Creative Media NewsSaturday, 9 September 2023, 20:000

“Simplify, then add levity” This was a famous quote from Lotus founder Colin Chapman, who founded the renowned British company in 1948. But 75 years later, with the sports car brand now majority-owned by the Chinese Zhejiang Geely Holding Group. It is embarking on a very different path as an electric vehicle manufacturer. Today, it...

As Australian strikes commence, natural gas costs increase.

Creative Media NewsSaturday, 9 September 2023, 18:000

After strike action began at two main liquefied natural gas (LNG) facilities in Australia, natural gas prices increased. The walkouts are occurring at Chevron’s Gorgon and Wheatstone facilities in Western Australia over pay and working conditions. The US energy giant’s two LNG facilities account for over 5% of the world’s total LNG capacity. Friday saw...

No offshore wind bids in government auction

Creative Media NewsSaturday, 9 September 2023, 12:000

Developers failed to buy new offshore wind projects at a major government auction, hurting the UK’s renewable energy agenda. There were no proposals for new offshore wind farms, but solar, tidal, and onshore wind projects were secured. Firms argued that the set price for generated electricity was too low to make offshore wind projects profitable....

China iPhone ban reports hurt Apple stock.

Creative Media NewsSaturday, 9 September 2023, 8:000

Apple’s stock has declined for the second consecutive day following reports that Chinese government employees have been prohibited from using iPhones. In the past two days, the company’s stock market valuation has decreased by more than 6%, or nearly $200bn (£160bn). China is the third-largest market for the technology colossus, accounting for 18% of its...

iPhone 15 dummy models leak online, suggesting Apple would sell the flagship smartphone in nine gorgeous colors.

Creative Media NewsFriday, 8 September 2023, 14:000

There are only four days left until Apple unveils its new iPhone 15, but rumors continue to circulate rapidly. AppleInsider has obtained dummy units indicating that the tech titan will likely launch the iPhone 15 in nine stunning colors. The standard iPhone 15 is available in white, black, yellow, light blue, and pink, confirming rumors...

Ryanair CEO dismisses air traffic chaos report

Creative Media NewsFriday, 8 September 2023, 10:000

The CEO of Ryanair dismissed as “rubbish” a report on the flight pandemonium over the holiday weekend. Michael O’Leary argued that the findings “play down the impact on the aviation industry” and that the report is “full of excuses.” Wednesday, the director of National Air Traffic Services (Nats) stated that the UK’s air traffic control...

NatWest chairman Haythornthwaite lined up to replace Davies.

Creative Media NewsFriday, 8 September 2023, 8:000

Rick Haythornthwaite, Centrica and Network Rail chairman, will succeed Sir Howard Davies as government-sponsored lender chairman. Rick Haythornthwaite, a City grandee who has chaired companies such as Centrica and Network Rail, is being considered as the new chairman of NatWest Group following the controversy surrounding Nigel Farage’s de-banking. Mr. Haythornthwaite, the current chairman of Ocado...

B&M to buy 51 Wilko stores, but job prospects uncertain.

Creative Media NewsThursday, 7 September 2023, 8:000

B&M has not yet stated whether it intends to retain employees at the sites, but the company’s statement indicates optimism as it plans to reopen the stores within the next few weeks. Wilko’s administrators sold 51 locations to B&M, but the cheap retailer hasn’t decided whether to keep workers. Fewer expected a rescue agreement that...

Country Garden: Real estate shares surge on debt relief

Creative Media NewsWednesday, 6 September 2023, 4:000

Shares of Chinese real estate companies have risen after developer Country Garden reportedly obtained an extension on a crucial debt payment deadline. On Monday, shares of major home builders including Country Garden and Evergrande rose in Hong Kong. Additionally, investors applauded Beijing’s efforts to bolster the faltering economy. It’s a rare bit of positive news...

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