The UK is not paying enough attention to a “gamechanging” shift in China’s cyber-espionage tactics towards infiltrating critical infrastructure including energy and communications networks, a former head of Britain’s cybersecurity agency has warned. Ciaran Martin, the ex-chief executive of the National Cyber Security Centre, said a warning from the US this year that Chinese state-backed...
Category: Infra
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UK Infrastructure Bank: ‘We’re the catalyst’
The UK’s part-answer to Germany’s KfW and Bpifrance is the UK Infrastructure Bank (UKIB). Built on Brexit rubble in the wake of the UK leaving the EU – and, with it, the European Investment Bank – UKIB was established in early 2021. Its five-year mandate is to invest £12 billion ($15.2 billion; €14.1 billion) to...
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UK-based financial expert commends Gov Abdulrasak on infrastructure devt
A UK-based leading financial expert and Entrepreneur, Dr. Kazeem Salaam, has lauded the giant strides of Kwara State Governor, AbdulRahman AbdulRasak, on infrastructural Development across the State, saying his commitment to speedy development is unprecedented. Salaam, who is presently the Secretary General of the Kwara State Association in the UK (KWASANG), and an Advisory Board...
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Russia is using Iranian-made weapons to target Ukraine’s electricity infrastructure: UK statement at the UN Security Council
Thank you, President and I thank Director Lisa Doughten and Director Caitlin Howarth for their informative briefings. This spring, Russia has targeted power plants, electricity substations and gas storage facilities across Ukraine. The United Kingdom calls for an immediate halt to this destructive campaign against Ukraine’s energy infrastructure. Millions of people already face disruption to...
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Spectacular Northern Lights stun UK
11 May 2024 By Simon King, BBC Weather • Jacqueline Howard, BBC News David Severn BBC Weather Watchers/Shamrock_Sean The Severn Family were treated to a display of colour at Ashdown Forest, East Sussex A tree blocks out the vivid colours of the Northern Lights in Thorpe, Derbyshire The Northern Lights have made a rare appearance across the UK, delighting sky...
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UK: Dawlish Cliff Works Paused Due to Unexpected Wildlife
Ongoing works on a Dawlish cliff were recently brought to a brief pause due to the discovery of a tawny owl nesting in a hole on the side of the sheer cliff face. The owl, which was discovered by an abseiling railway worker as he attempted to, unknowingly, place a foot into the bird’s nest,...
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Li Ka-shing’s CK Infrastructure buys more UK renewable energy assets
The UU Solar assets include 65 solar-power projects, four onshore wind farms and one hydropower plant, with combined installed capacity of 68.7 megawatts. Most of the electricity output is supplied to water and sewerage firm United Utilities Water, with the remainder exported to the power grid. People walk along the Southbank with the Palace of...
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UK Infrastructure Bank and Centrica announce significant investment into sustainable electricity funds
The deals, which represent the Bank’s first investments in the electricity storage sector, could facilitate around 1300 jobs and will unlock at least a further £200 million in match-funded private sector capital, acting as a catalyst for the sector and helping to build confidence among private investors. Securing enough storage capacity for the UK...
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Record number of cyberattacks targeting critical IT infrastructure reported to UK gov’t this year
Within just the first six months of 2023, organizations operating critical IT infrastructure services in the United Kingdom reported more incidents to government authorities in which cyberattacks had significantly disrupted their operations than in any year previously, according to data obtained under the Freedom of Information Act. While the total count of attacks might seem...
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Bank of England and Financial Conduct Authority – Memorandum of Understanding on the supervision of financial market infrastructure and payment systems
Statement The Bank of England (Bank) co-operates with both the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR)1 to supervise financial market infrastructure (FMI) and payment systems, respectively. The frameworks for co-operation with these authorities are set out in two memoranda of understanding (MoU). These MoUs facilitate effective supervision and policy making by exchanging...
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UK Infrastructure Bank on the move in Leeds | TheBusinessDesk.com
The UK Infrastructure Bank is to move out of its temporary head office in Leeds city centre to a new base at 2 Whitehall Quay. By the end of the financial year to 31 March 2023, the growing bank employed 194 full time equivalents, mostly in the Leeds head office and have grown to needing...
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