UK’s Sunak Hails £30 Billion Investments Before FDI Summit

Projects listed in the statement include a 2.5 billion-pound investment in artificial intelligence infrastructure by Microsoft.

Nissan Ramps Up EV Plans In UK With $1.4 Billion Investment

Nissan will pump £1.12 billion pounds into building electric versions of two of its cars at its British plant.

Volkswagen To Launch China-Specific Entry Level Electric Platform

Volkswagen said on Friday it will develop a new platform for entry-level electric vehicles in China and use more local components to lower costs.

“Computer – Enhance!” Using AI To Maximise Developer Capabilities

Despite fears that AI will replace developers, it lacks the creativity, reliability and ultimately the intelligence to do so.

Spain’s Grenergy To Invest 2.6 Billion Euros Through 2026

The company expects to raise its solar capacity at 5 gigawatts (GW) by 2026 and its renewable energy storage capacity will reach 4.1 GWh.

Volkswagen Begins Operating First Wholly Owned Battery Pack Plant In China – Local Govt

Volkswagen Anhui will also begin mass-production of pure electric models based on the MEB platform by the end of 2023.

OpenAI Appoints Ex-Twitch Boss As Interim CEO; Altman Joins Microsoft

The decision not to reinstate Altman as CEO of the company behind ChatGPT has confounded efforts by investors and employees.

Meta Moves Members Of Its Responsible AI Team To Other Groups

Most of the Responsible AI team members will move to generative AI.

SpaceX Starship Launch Failed Minutes After Reaching Space

EU Reaches Deal To Stop Sending Waste To Countries That Can’t Process It

It added that compliance with international workers' rights would also be taken into account.

Airbus Nears Compromise Deal After Emirates Jet Order Row

Airbus and Emirates edged towards a consolation deal for fewer than 20 A350-900 jets on Thursday.

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Britain To Boost Offshore Wind Auction Power Price Guarantees By 66%

The offshore wind sector has been hit by surging supply chain and interest rate costs over the past year.

Renault Sets Out Targets For EV Unit, Says Won’t Sell It Cheap

The group set out financial targets for the unit, including an expected break-even in 2025.

Siemens Energy Reviews Wind Unit Set-Up After $5 Billion Loss

A producer of key equipment such as gas turbines, converter stations and wind turbines, Siemens Energy is viewed by the German government as vital…

Slovenia’s Nuclear Plant Prepares To Resume Output This Week

The plant, jointly owned with Croatia, was shut down after the leak occurred on the connection system of the primary circuit on Oct. 6.

Iceland Prepares For Volcanic Eruption In Coming Days

Iceland's Civil Protection Agency overnight ordered a complete evacuation of Grindavik, a fishing town of around 3,000 residents.

BAE On Track As Orders Flow Amid Heightened Geopolitical Risk

BAE said on Friday it had booked £10 billion of orders since the end of June.