As a result of surging petrol and diesel prices in Hungary, its prime minister Viktor Orban announced on the social media platform Facebook that fuel prices will not exceed 480 HUF (0.0023 GBP). The price cap will last a total of three months starting in November 2021, per the Financial Times. The announcement by Mr…

Read More

Greensill Capital, the supply chain financing firm, recently filed for administration, citing “severe financial distress” which meant the company could not repay a 140 million USD loan from Credit Suisse. Greensill’s own lawyers have warned that as a result of the collapse many of the firm’s corporate clients could also become insolvent, which risks over…

Read More

Rolls-Royce reported worse than expected losses for 2020, yet investors ought to remain bullish as they look well-placed to embark on a sustainable and comprehensive recovery. The COVID-19 pandemic had a devastating effect on the civil aviation industry, for which Rolls-Royce design, manufacture and maintain engines. Whilst it is not clear that recovery from the…

Read More

The US International Trade Commission (ITC) ruled in February that Electric Vehicle (EV) battery manufacturer SK Innovation (SKI) were guilty of intellectual property misappropriation and the firm was consequentially banned from importing components to produce EV batteries. The decision marks a huge win for South Korean rival LG Chem, a firm aiming to defend their…

Read More

Since the 19th century, steel has underpinned the infrastructure of the modern industrial economy have been constructed. Nonetheless, not too dissimilar to the increased scrutiny which has been assigned to both oil and coal sectors, the steel industry is now facing intensified exploration in regard to its contribution to CO2 emissions. According to data assimilated…

Read More

The decarbonisation of the steel industry, though essential to global carbon emissions reduction, has proved elusive. However, recently, development has accelerated with ArcelorMittal Europe completing the first sale of green steel, which is steel produced with no carbon emissions, in late 2020. This indicates the start of a widely anticipated shift towards decarbonisation for an…

Read More

International and strategic cooperation between Australia and Japan has been commonplace for the last couple of decades; complementary R&D propensities alongside shared priorities within the technology sector are just a few factors that have resulted in the formation of this strategic alliance. With global warming a rising issue that is becoming a key vocal point…

Read More

London drivers waste around 9 days sitting in traffic every year whilst commuters in Los Angeles or Sydney, each stuck for 7 days, are not far behind. It is clear that the infrastructure of major cities is reaching breaking point, but some firms claim to have the answer to the problem, utilising Special Purpose Acquisition…

Read More