The UK automotive industry has called for swift government intervention to protect it from existential threats – such as protectionist trade policies and soaring energy costs – and guarantee its future prosperity. The Society of Motor Manufacturers and Traders (SMMT), which represents the industry, warned the window for implementing safeguarding policies could close as early as… Continue reading SMMT: UK automotive needs government support to thrive
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UK automotive launches diversity, equity and inclusion charter
Sixteen major firms have called for greater diversity across the UK’s automotive industry, launching a charter to address recruitment processes and equity of opportunity. The charter, with signatories including lobby group the Society of Motor Manufacturers and Traders (SMMT), marks the first time the nation’s industry has united under one banner to address diversity, equity… Continue reading UK automotive launches diversity, equity and inclusion charter
A closer look at how East Ventures is driving ESG impact in Southeast Asia
The VC has developed formal processes and toolkits to support ESG efforts across its ecosystem. Go to Source
Sky Mavis calls for rethinking of “play-to-earn” in the next chapter of blockchain gamesSky Mavis has shifted its focus towards gameplay.
Vietnam-based Sky Mavis’s non-fungible token (NFT) game Axie Infinity became a sensation last year as millions of users flocked to it, seeking to earn money by acquiring and trading its NFTs. For some, the game appeared so lucrative that they quit their jobs to focus on Axie. However, the game developer was hit by the… Continue reading Sky Mavis calls for rethinking of “play-to-earn” in the next chapter of blockchain gamesSky Mavis has shifted its focus towards gameplay.
SE Asia’s Iterative closes $55m Fund 2 to double down on seed-stage founders
Southeast Asia’s Iterative has closed $55 million for its second fund to double down on seed-stage founders, it announced on Wednesday. Iterative’s Fund II is led by Cendana, K5 Global, Village Global, and Goodwater Capital in the US. It also received strong participation from Silicon Valley founders and executives including Dropbox’s Arash Ferdowsi, Bukalapak’s Achmad… Continue reading SE Asia’s Iterative closes $55m Fund 2 to double down on seed-stage founders
Philippines proposes to set up $4.9b sovereign wealth fund
Philippine House Speaker Martin Romualdez, the cousin of President Ferdinand Marcos Jr., has filed a bill seeking to establish a 275-billion peso ($4.9 billion) sovereign wealth fund to support the administration’s economic agenda. House Bill No. 6398, filed on Monday and co-authored by the president’s son Ferdinand Alexander, is aimed at setting up what would… Continue reading Philippines proposes to set up $4.9b sovereign wealth fund
Indian PE firm Zephyr Peacock ready to write smaller cheques, bullish on digital
Zephyr Peacock, the Indian investment arm of New York-based private equity (PE) firm Zephyr Management, is betting big on the burgeoning digital economy as it looks to raise its fourth fund next year. “As much as 40% of our third fund has been deployed. We will be able to exhaust it by next year and… Continue reading Indian PE firm Zephyr Peacock ready to write smaller cheques, bullish on digital
UAW election vote count underway in Ohio
Vote counting got underway Tuesday in the first direct election of top union officers in the UAW. It’s not clear when final results might be made available. A message to a representative for the independent monitor tasked with overseeing the union as a result of the long-running corruption scandal was not immediately returned Tuesday. UAW… Continue reading UAW election vote count underway in Ohio
Michael Pertschuk, Antismoking and Auto Safety Crusader, Dies at 89
Emerging as the Senate’s leading staff expert on tobacco control legislation, Mr. Pertschuk was recruited by Senator Warren G. Magnuson, the Oregon Democrat who was chairman of the Commerce Committee. Mr. Pertschuk served as a counsel to the committee from 1964 to 1968 and as chief counsel and staff director from 1968 to 1977, when… Continue reading Michael Pertschuk, Antismoking and Auto Safety Crusader, Dies at 89
Tesla still owns US EV market but is losing market share, shows new data
S&P Global Mobility released new EV sale data that shows Tesla still owns the US EV market, but it is losing market share. But when you had close to 100% of the market, there’s only one way to go, and that’s down. For years now, Tesla has dominated the electric auto market in its home… Continue reading Tesla still owns US EV market but is losing market share, shows new data