Skip to content
Search

Latest Stories

UK minister stresses need to tackle climate crisis at G20

New UK programmes announced in India also include an investment of £10 million in the Avaana Fund, a women-led climate-tech fund

UK minister stresses need to tackle climate crisis at G20

UK minister Andrew Mitchell attended the G20 development ministerial meeting in Varanasi on Monday (12), when the climate and tech partnerships were announced.

The new UK support includes funding for a tech start-up focusing on sustainable agriculture, including through growing vegetables in an environmentallyfriendly way.


Mitchell told the gathering about how the UK’s partnerships and investments are helping tackle the biggest shared challenges of today – including climate change, poverty and food insecurity. The meeting is laying the groundwork to accelerate progress towards the sustainable development goals ahead of the G20 leader’s summit in New Delhi this September.

At the G20, the UK stressed the need to redouble global efforts to tackle the climate crisis and shocks facing the most vulnerable countries.

New UK programmes announced in India also include an investment of £10 million in the Avaana Fund, a women-led climate-tech fund that supports businesses to develop solutions to climate change and create jobs for women in sectors such as clean energy, energy storage and agriculture.

An investment of £12m from the UK government-supported Neev II fund will go to Nutrifresh, an agri-tech start-up enterprise focused on making agriculture more sustainable by growing vegetables in an environmentally friendly way.

Mitchell joined India and G20 partners in calling for reinvigorated efforts to meet the UN’s sustainable development goals.

Last Sunday (11), the minister visited the Chakr Innovation research lab in Gurugram, near Delhi, which is developing cutting-edge tech to tackle climate challenges. The UK-supported lab is now developing innovative batteries for e-vehicles that do not need charging infrastructure and are fully recyclable, providing a cleaner and safer alternative to older lithium tech.

The lab has previously developed devices that capture pollution-causing emissions and convert them to pigment for black inks and paints.

Targeted investments such as these help tackle climate change and support sustainable development, a statement said.

More For You

Shein-Reuters

Shein had aimed to go public in London in the first half of this year, subject to regulatory approvals in the UK and China. (Photo: Reuters)

Shein cuts valuation to £40 billion for London listing

SHEIN is preparing to lower its valuation to around £40 billion for a potential initial public offering (IPO) in London, according to three Reuters sources familiar with the matter.

This is nearly 25 per cent lower than the company's 2023 fundraising valuation as it faces increasing challenges.

Keep ReadingShow less
Northern-Superchargers-Getty

Ben Stokes and Matthew Short of Northern Superchargers walk out to bat during The Hundred match between Manchester Originals and Northern Superchargers on August 11, 2024 in Manchester, England. (Photo: Getty Images)

Sunrisers Hyderabad to acquire Northern Superchargers in £100 million deal

INDIAN Premier League franchise Sunrisers Hyderabad is set to become the first full owners of an English Hundred team after agreeing to buy Yorkshire’s Northern Superchargers for a reported £100 million.

The Sun Group will be the third IPL-linked investor in the eight-team Hundred competition, following Reliance Industries, which owns Mumbai Indians, and RPSG, which runs Lucknow Super Giants.

Keep ReadingShow less
BT-Getty

A view of the British Telecom (BT) headquarters in central London. (Photo: Getty Images)

BT to remove diversity targets from manager bonuses

BT will remove diversity, equity, and inclusion (DEI) targets from its manager bonus scheme, replacing them with a measure of overall employee engagement.

The change, set to take effect in April, follows consultation with major investors and has received “strong support,” according to the company, The Telegraph reported.

Keep ReadingShow less
India's central bank cuts interest rates for first time since 2020

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.. (Photo credit: Reuters)

India's central bank cuts interest rates for first time since 2020

THE RESERVE BANK OF INDIA (RBI) reduced interest rates on Friday for the first time in nearly five years, citing concerns over economic growth despite inflation risks.

The central bank announced a 25-basis-point cut in the benchmark repo rate to 6.25 per cent, the rate at which it lends to commercial banks.

Keep ReadingShow less
Sri Lanka seeks to negotiate with Adani over renewable energy plants

Gautam Adani

Sri Lanka seeks to negotiate with Adani over renewable energy plants

SRI LANKA’S government started talks with India’s Adani Group to lower the cost of power from two wind power projects the group will build in the island nation’s northern province, the cabinet spokesman said last Tuesday (28).

Sri Lanka has been reviewing the group’s local projects after US authorities in November accused billionaire founder Gautam Adani and other executives of being part of a scheme to pay bribes to secure Indian power supply contracts. Adani has denied the allegations.

Keep ReadingShow less