Electric vehicle charging app Zap-Map has secured £9m in Series A funding to grow its development team and fund international growth. Headquartered in Bristol, Zap-Map’s app lets users find and pay for public EV charging points. Zap-Map also publishes data analytics on the UK’s electric vehicle sector. “This fundraising round allows us to accelerate Zap-Map’s core mission – making it ...

Former Chancellor Lord Philip Hammond has been appointed to the advisory board of the provisionally named Fintech Growth fund, a £1bn venture to invest in financial technology startups, according to reports. Sources told Sky News on Monday that Lord Hammond, who served as chancellor under former Prime Minister Theresa May from 2016 to 2019, would be one of several big-name ...

July could be the “lull before the storm” for retailers and consumers after the heatwave boosted sales of summer clothing, picnic treats and electric fans despite the intensifying cost of living crisis, experts have warned. Figures from the British Retail Consortium (BRC) revealed a 2.3% sales rise last month compared with a 6.4% rise the year before.The latest BRC-KPMG sales ...

The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflationary pressures that are gaining a foothold in Britain’s economy, its deputy governor, Dave Ramsden, has said. The spread of inflation was showing up in rising British pay and companies’ pricing plans, having originally been triggered by the reopening of the ...

Intel has called on the government to lay out a strategy for the semiconductor industry and not miss out on inward investment. The giant American chip company is spending €33 billion in mainland Europe on semiconductor research and manufacturing, with support from the European Union, but has no such plans for the UK.Western countries want to cut their dependence on ...

Boris Johnson has no plans to introduce big tax and spending measures before he leaves office to ease the cost-of-living crisis, Downing Street has said. Business group leader Tony Danker has urged ministers to “grip the emerging crisis”, arguing it “made no sense to wait” for the next PM to arrive.And Nicola Sturgeon, Scotland’s first minister, has called for an ...

With credit card borrowing growing at its fastest pace since 2005, new analysis shows that last month average rates on credit cards hit their highest level since 1998. An analysis of the Bank of England’s quoted household interest rate figures uncovered that average credit card rates jumped 0.23 percentage points from June to hit 21.66 per cent in July – ...

Google has apologised for a software update issue that caused a major international outage on Tuesday. A spokesperson for the company said the team had “worked quickly” to address the fault and services were back running as normal.“We’re aware of a software update issue that occurred late this afternoon Pacific Time and briefly affected availability of Google search and Maps,” ...

British consumers could face even higher bills and potential energy shortages this winter after Norway threatened to ration electricity exports. The UK receives hydroelectric power from Norway through a subsea interconnector cable running beneath the North Sea.However, water levels in southern Norway have been so low this year that the country’s government could put its own consumers ahead of international ...

The advent of digitalization and its implementation in all areas of society has changed both the structure and habits of life. Obviously, the economy cannot be oblivious to the impact of new technologies in our society. We are talking about the so-called digital economy or the economy that is carried out through the Internet. In this economy, the predominant sector ...