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BBCNEWS World Business Report July 6, 2024

let s get down to business. an australian firm recharge industries has come to the rescue and bought the battery maker britishvolt out of administration. the deal is expected to be announced shortly. britishvolt had plans to build a £4 billion gigafactory near the port of blyth in northumberland, but it ran out of money and collapsed last month. its downfall was blamed on a lack of battery experience, unproven technology, and therefore no customers oi’ revenue. the new owner is another start up. recharge industries is owned and run by a new york based investment fund called scale facilitation. its australian chief executive, david collard, told our business editor simonjack why his company was different. what we re bringing, which is different to the prior britishvolt, is we re bringing validated technology. so that process has already started. us defence has also validated the technology, it s actually already supplied to the uk navy through a subcontractor over ....

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BBCNEWS BBC News July 7, 2024

this is one of the main roads linking this community to the outside world. scientists are trying to identify why thousands of fish have died in a river between poland and germany. the remains of what could be the largest dinosaur ever discovered in europe have been found in a back garden in portugal. good afternoon. the chancellor nadim zahawi has said the country is in a national economic emergency which could last for 2 years, leaving even middle income earners in need of support. his comments come as another minister defended the deferral of an announcement on further government help with energy bills, untila new prime minister is in place. yesterday, the regulator, ofgem, announced an 80% rise in the energy price cap from october, taking the average annual household bill to more than £3,500. here s marc ashdown. help is coming. that s the message from the chancellor on rocketing energy bills, but when, how and who will receive it remains difficult to tell. in an inte ....

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BBCNEWS World Business Report June 4, 2024 05:41:00

But it doesn t mean we ll end up paying less for our energy bills, because the government doesn t want to keep paying so much in the difference between those prices. so now a typical household s bill will go up from around £2,500 a year to £3,000 a year. that s an increase of £500. the only hope that s on the horizon is that global gas prices are still falling, so we may actually see our prices reduced once we head into the autumn. coletta smith, bbc news, in wallasey. let s get more on that i m joined by dr craig lowrey, principal consultant at cornwall insight. good morning to you. first of all, the 0fgem announcement will be coming through today. it will impact what we are paying at home what businesses are paying currently, but what does it mean in terms of what the government has to pay? well, we are expecting the cap ....

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BBCNEWS BBC News June 4, 2024 13:07:00

Everybody and i think she is facing pressure particularly as the frontrunner in this race to be much more specific now that we know that the price gap is this. the price gap is this. thank you very much- thank you very much. joining me now isjoshua emden, a senior research fellow at the centre left think tank, the institute for public policy research. thank you forjoining us today and i know at your think tank that you are concerned that this 0fgem announcement was allowed to go ahead without any clear plan on what the support would be for people, people who are clearly incredibly stressed and worried by how they are going to be able to afford their bills? {iii be able to afford their bills? of thatis be able to afford their bills? of that is right. the government understands that there is a crisis but at the moment its response is in no proportional to the scale of it. what we have been at is proposing a price cap freeze at the current ....

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