Nov 22 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Telegraph- Stellantis is in negotiations with CATL, the world’s biggest maker of batteries for electric vehicles (EVs), over a joint venture to make cheaper power cells. Furthermore, the minimum wage in the UK is to increase by 1 pound an hour to 11.44 pounds from next April, as Chancellor Jeremy Hunt gave a boost to almost three million of the poorest workers.
The Guardian- The outcome of the Brexit vote and years of political uncertainty it triggered has had a chilling impact on business investment in Britain, a deputy governor of the Bank of England has said. This uncertainty could be alleviated by Europe’s energy and electric vehicle industries. Additionally, they could reduce their dependency on scarce raw materials from China after the launch of a “breakthrough” sodium-ion battery, according to Northvolt.
Sky News- Food delivery firm Deliveroo’s riders cannot be represented by a trade union for the purposes of collective bargaining, the UK’s highest court has ruled. In addition, the electricity, phone and broadband provider arm of Shell has been fined 1.4 million pounds by the communications regulator for breaking customer protection rules. ($1 = 0.8025 pounds) (Compiled by Bengaluru newsroom)