Author: Scott Dylan

Scott Dylan is the Founder of NexaTech Ventures

The Ministry of Defence is trialling innovative smart glasses to aid communication for employees with hearing impairments.The glasses utilise augmented reality to project real-time subtitles onto the lenses.The trial, based in Bristol, aims to enhance workplace inclusivity and functionality.Each pair costs £900 and has multi-language capabilities, potentially influencing wider government adoption.Feedback from the trial will guide future implementation across the MoD.High-tech glasses are being tested by the Ministry of Defence in Bristol, offering the potential to revolutionise communication for employees with hearing difficulties. The eyewear, employing augmented reality, displays live conversations on the lenses, negating the need for lip reading…

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Asda experienced a technical problem affecting tills nationwide on 30 September 2024, causing significant delays.Several stores opened later than scheduled due to checkout failures, impacting customer shopping experiences.Shoppers expressed their frustrations on social media, with reports of returning home without purchases.Rival chains like Morrisons faced rumours of similar issues, though these were denied by the supermarket.Asda confirmed the issue was resolved and apologised to customers for the inconvenience caused.A technical issue disrupted Asda’s operations on the morning of 30 September 2024, leading to checkout malfunctions across several stores. This resulted in delays and some customers being unable to complete their…

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Major UK food companies are urging the government for stricter rules to combat poor diets.Tesco, Iceland, and Nomad Foods call for mandatory profit reporting from unhealthy food sales.Proposals include legislation roadmaps to incentivise healthier eating habits.Industry leaders stress cohesive regulation across the entire food sector.Current government actions include a scheduled ban on pre-9pm junk food adverts.Leading UK food retailers and investors have collectively called on the government to enforce more stringent regulations in the food industry to address unhealthy dietary habits. The organisations involved, including Tesco, Iceland, and Nomad Foods, have specifically advocated for mandatory reports detailing the percentage of…

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RBG Holdings reports a significant financial setback in the first half of 2024, primarily due to the general election.The legal group recorded losses amounting to £5.7 million, causing a drastic drop in share prices.Key areas of business suffered marked declines, leading to redundancies and cost-cutting measures.Revenue decreased by 6.8%, while net debt rose, highlighting challenges amid volatile market conditions.Despite adverse conditions, RBG remains optimistic about potential recovery in late 2024 and beyond.RBG Holdings has declared a substantial financial loss of £5.7 million for the first half of 2024. This downturn has been largely attributed to the impact of the general…

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Revised economic data shows a significant improvement in the UK’s growth rate for 2023, which was three times the initial estimate.New data collection methods reveal 0.3% growth, contrasting with Germany’s economic contraction in the G7 group.Despite optimistic signs, challenges persist, including a downward revision in GDP for the 2024 second quarter.Increased disposable incomes and household savings suggest improvements in living standards, though challenges remain.Concerns over ONS data accuracy and labour market trends highlight ongoing economic uncertainties.The latest revised figures for the UK economy reveal a promising growth rate of 0.3% in 2023, as opposed to the previously reported 0.1%. This…

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Revised figures from the ONS indicate a significant improvement in the UK’s economic growth for 2023, yet challenges persist.The UK economy expanded by 0.3% over the past year, notably higher than earlier estimates of 0.1%.Despite this growth, the UK remains one of the slower-growing economies within the G7, with Germany experiencing a contraction.GDP growth for the second quarter of 2024 was revised down to 0.5%, highlighting ongoing economic challenges.The OECD projects a modest economic recovery for the UK, with a growth rate of 1.1% expected for this year.Revised economic data from the Office for National Statistics (ONS) reveal that the…

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As the Conservative party conference unfolds, significant discussions arise surrounding the European Convention on Human Rights (ECHR).Robert Buckland believes the ECHR focus distracts from key issues the public cares about.Buckland labels the ECHR as a ‘red herring’, urging to prioritise pressing domestic issues.Buckland argues the necessity of reasserting belief in traditional institutions and the rule of law.The party is encouraged to address key public concerns like cost of living and education.During the Conservative party conference, Robert Buckland, the former justice secretary, highlighted the necessity for the party to move away from centring its focus on the European Convention on Human…

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Frasers Group has initiated a takeover bid for Mulberry, citing dissatisfaction with the luxury retailer’s financial transparency.The retail giant values Mulberry at £83 million, offering a cash payment of 130p per share, a notable premium over the current market rate.Concerns arise as Mulberry auditors highlight potential financial instability, with Frasers aiming to prevent another ‘Debenhams situation’.Frasers, holding a 37% stake, criticises Mulberry for excluding them from fundraising discussions, indicating potential for better negotiation terms.The strategic move by Frasers underscores their commitment to revitalising Mulberry amidst economic challenges and industry headwinds.Frasers Group, known for its significant stake in Mulberry, has made…

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Egg prices worldwide have surged due to bird flu outbreaks, affecting supply chains severely.Egg prices have risen by 60% since 2019, impacted by bird flu culling in North America and Europe.The US has seen a reduction in commercial laying hens by nearly 33 million this year due to avian influenza.UK experienced significant bird flu cases throughout 2023, influencing domestic supply and market stability.The egg industry faces challenges, as supply constraints impact global brands and manufacturers reliant on eggs.The global egg market has been substantially affected by recent outbreaks of bird flu, causing a dramatic 60% increase in prices compared to…

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Naked Juice, owner of Tropicana, warns of financial impact due to rising orange prices.Citrus greening disease devastates Florida’s orange crops, doubling prices to $6,500 per tonne.Naked Juice’s profit forecast drops from $375m to $322m amid increased production costs.The company shifts sourcing to 75% Brazilian oranges to mitigate disease impact.Industry leaders stress the need for pricing strategies to address supply challenges.Naked Juice, the proprietor of Tropicana, has alerted stakeholders to the significant financial implications posed by the escalating prices of oranges, primarily attributed to citrus greening disease. This disease, altering the colour and taste of fruit, has been particularly devastating in…

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