Industry Specific News


Contactless arrives for business customers

Barclays has become the first bank in Europe to launch commercial contactless debit cards to its business customers. From March, all Barclays Business customers receiving new or re-issued cards will find that they come with contactless technology as standard. This enables them to pay for low value transactions by holding the card over a reader, [...]

Work begins on biggest council house building programme in two decades

Housing Minister John Healey has hailed the start of the biggest council house building programme in nearly two decades as work began today on the first of over two thousand new homes to help tackle waiting list pressures.
Mr Healey saw work get underway today in Tyneside on the first new site for Government funded council [...]

Alistair Darling confirms return to 17.5 percent VAT on January 1st 2010 in Pre-Budget Report

The UK Chancellor of the Exchequer,  Alistair Darling, introduced a temporary lower rate of VAT in last year’s pre budget report.
There was some speculation that he might have extended this reduction beyond the original term. However, in today’s pre-budget report statement to the House of Commons, he said:
I can confirm that VAT will return to [...]

MIT Team Uses Multi-Level Marketing Principles to win DARPA $40,000 Treasure Hunt in just 9 hours

The Defense Advanced Research Projects Agency (DARPA) has announced that the  MIT Red Balloon Challenge Team won the $40,000 cash prize in the DARPA Network Challenge, a competition that required participants to locate 10 large, red balloons that had been placed at undisclosed locations across the United States. The MIT (Massachusetts Institute of Technology) team [...]

Corus Steel Plant Mothballed in Northeast England

An international consortium’s breaking of a binding contract has led Corus, Europe’s second largest steel producer, to partially implement the proposal announced in May 2009 of mothballing some of the facilities belonging to the Teesside Cast Products (TCP) business in northeast England.
TCP’s Redcar Blast Furnace, Lackenby steelmaking and the South Bank Coke Ovens will be [...]

Futuristic Intel Computer Chip Could Reshape How Computers are Built, Consumers Interact with Their PCs and Personal Devices

Processors could become smart enough to let PCs use “vision” to interact with people.
Researchers from Intel Labs demonstrated an experimental, 48-core Intel processor, or “single-chip cloud computer,” that rethinks many of the approaches used in today’s designs for laptops, PCs and servers. This futuristic chip boasts about 10 to 20 times the processing engines inside [...]

Barclays Local Business responds to flood crisis

Responding to the implications of the recent flooding across areas of the UK, Barclays Local Business has today announced that it will be offering a financial support package to all of its affected business banking customers.*
The package will allow businesses time to recover from the immediate impact of the flooding, or to bridge the gap [...]

What is Google Wave?

Google Wave Protocol was demo’d at the 2009 Google IO Conference in May this year.
You can see the long developer’s demo video. But, below is a shorter introduction to this new radical concept that may, one day, become a replacement to ‘traditional’ email.

There is one key aspect of Wave that the video (above) does not [...]

GBP 40 Million Backing for Technology and Careers in Manufacturing

Ministers gave further backing for British manufacturing excellence today with Business Minister Pat McFadden announcing an increase of Government funding to £40 million for a new manufacturing technology centre (MTC).
Since the Manufacturing Strategy was published in 2008, Government has set out a new activist approach to supporting the economy. The transition to low carbon and [...]

Unconditional Talks Will Bring Postal Dispute to End Says Union

The Communication Workers Union today (Friday) again reiterates the offer of unconditional talks at ACAS to bring the postal dispute to an end. Royal Mail has so far not taken up this offer but it will remain open.
Dave Ward, CWU deputy general secretary, said:
We have six days before any further strike action would take place. [...]

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  • GlobalBiz: Rwanda (part1): African Ambitions: 08 Mar 10 March 8, 2010
    Rwanda has huge ambitions to grow itself out of poverty and become a middle income country by the year 2010, to become an information technology and business hub for central and eastern Africa. Rwanda, poor though it still is, hopes to set an example that it is possible to do proper business here in Africa. Peter Day reports. Producer: Richard Berenger Ed […]

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