UK rail sector facing extreme skills shortage, industry body says

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UK rail sector facing extreme skills shortage, industry body saysWith huge projects under way including Crossrail and High Speed 2 (HS2), alongside the reveal of the National Infrastructure Strategy later this week, the shortage could have significant impacts on the industry when it needs skilled employees the most. The research found that an ageing workforce […]

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Lower emissions from Covid-19 pandemic fail to halt CO2 surge in the atmosphere

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Lower emissions from Covid-19 pandemic fail to halt CO2 surge in the atmosphereWhile lockdowns around the world have cut emissions of many pollutants and greenhouse gases such as carbon dioxide, the drop experienced is no larger than normal annual fluctuations driven by the natural variability in carbon sinks like vegetation, the World Meteorological Organization (WMO) […]

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Businesses may have to pay millions for unused electricity during lockdown

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Businesses may have to pay millions for unused electricity during lockdownData from Co-op Power reveals its members could have paid more than £1m combined for unused energy at closed sites, based on contractual agreements with some previous suppliers. The energy co-operative sees its members, which have an annual buying power of £200m a year, buy […]

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Ineos and Hyundai to partner on hydrogen production

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Ineos and Hyundai to partner on hydrogen productionUnder their memorandum of understanding, the companies have committed to “explore new opportunities” to accelerate the hydrogen economy, investigate opportunities for the production and supply of hydrogen and for the global deployment of hydrogen technologies. They will also work to facilitate public and private sector projects focused on […]

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View from India: Harness biotechnology for society’s betterment

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View from India: Harness biotechnology for society’s bettermentThe state contributes to one third of India’s biotech economy and aims to garner a 50 per cent market share of the national biotech economy target of $100bn by 2025. The Government of Karnataka (GoK) is one of the country’s major proponents of science and technology. With proper […]

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Google-backed Chinese truck-hailing firm Manbang raises $1.7 billion

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Google-backed Chinese truck-hailing firm Manbang raises $1.7 billionThe Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and Alphabet Inc’s venture capital fund CapitalG. The news came fresh off a Wall Street Journal […]

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N26 launches mid-tier subscription plan for €4.90 per month

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N26 launches mid-tier subscription plan for €4.90 per monthChallenger bank N26 is adding a third subscription product called N26 Smart. N26 Smart is designed to be a mid-tier subscription plan with advanced banking features but without a travel insurance package. In Europe, in addition to the free plan, N26 already provides two subscription tiers called […]

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Recycling robotics company AMP Robotics could raise up to $70M

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Recycling robotics company AMP Robotics could raise up to $70MAMP Robotics, the recycling robotics technology developer backed by investors including Sequoia Capital and Sidewalk Infrastructure Partners, is close to closing on as much as $70 million in new financing, according to multiple sources with knowledge of the company’s plans. The new financing speaks to AMP […]

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Biden-Harris team finally get their transition .gov domain

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Biden-Harris team finally get their transition .gov domainFinally. It only took almost three weeks, but the Biden-Harris transition has officially begun. On Monday, the General Services Administration gave the green light for the Biden-Harris team to transition from political campaign to government administration, allowing the team to receive government resources like office space, but also […]

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YC-backed Cashfree raises $35.3 million for its payments platform

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YC-backed Cashfree raises $35.3 million for its payments platformCashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 million in a new financing round as the profitable firm looks to broaden its offering. The Bangalore-based startup’s Series B was led by London-headquartered private equity firm Apis Partners (which invested […]

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