Day: June 14, 2020

Niche businesses bouncing back for the new normal

There’s no sugar coating it – the Covid-19 crisis has had a massive impact on practically every business sector.

Many businesses have now been closed completely for months and are struggling to ascertain how they’ll cope with reopening physical premises while keeping staff and customers safe – and the Financial Times has reported that the UK economy shrunk by a record 20% in April 2020.

However, British businesses don’t give up easily, and while the pandemic will impact some enterprises more than others, there are a few firms which might navigate the storm skilfully – thanks to innovative business models and the natural advantages of their particular specialisms.

Let’s take a look at niche businesses bouncing back for the new normal.

Local convenience stores

There’s no doubt that huge supermarket chains like Tesco, Asda and Sainsbury’s have benefitted from remaining open throughout the pandemic and we’re all grateful to their

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South Wales ‘gigafactory’ plan could power 100,000 electric cars a year

Ambitious plans have been revealed for Britain’s first gigafactory capable of producing enough fuel cells and battery packs to power 100,000 zero carbon electric cars.

The project in south Wales, which is designed to put the UK in the race to be a global hub for the electrified vehicle industry, comes from Britishvolt, a start-up company founded by a Swedish automotive entrepreneur best known as a former associate of Vladimir Antonov, the jailed Russian businessman.

Lars Carlstrom was once an executive with Saab, the Swedish carmaker which closed in 2013
Britishvolt has unveiled plans to build a gigafactory capable of producing 10 gigawatt hours (GWh) of lithium ion batteries a year from early next year at Bro Tathan, on the Cardiff airport commercial complex where Aston Martin Lagonda has opened its new carmaking factory.

A 1 kilometre-long factory is intended to get into production in 2023, with two more 10GWh

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Twitter restores Zero Hedge after admitting mistake

Twitter Inc. reinstated the account of Zero Hedge after suspending it earlier this year, saying it made a mistake in accusing the financial website of violating rules against harassment, reports Siraj Datoo of Bloomberg News.

Datoo reports, “‘We made an error in our enforcement action in this case,’ a spokesperson for Twitter said in an email. ‘Based on additional context from the account holder in appeal, we have reinstated the account. We have a dedicated appeals process for all account holders.’

“The social network banned Zero Hedge’s Twitter account in January after its pseudonymous author ‘Tyler Durden’ published an article questioning the involvement of a Chinese scientist in the outbreak of the coronavirus. The article also included the name and personal information of a scientist who it said may have knowledge about the source of the virus.

“In a piece titled ‘Is This The Man Behind The Global Coronavirus Pandemic?’,

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