
'Fast-tech' warning as demand for cheap gadgets heats-up
Although fast tech can cost less than a pound, valuable materials can still be locked up in the cut-price gadgets. A previous report by Material Focus looking at tech lurking in so-called "drawers of doom" suggested in total the junk could contain over 38,000 tonnes of copper.The mining of materials used by tech gadgets can be environmentally damaging, and yet, experts say, such elements will be crucial as nations seek to transition to low carbon technologies.Material Focus, whose board includes trade bodies representing manufacturers of domestic appliances, and lighting manufactures, argued that consumers needed to be more thoughtful, "We had fast food, then fast fashion, now fast tech", Scott Butler, the group's executive director wrote.He urged consumers to "think before you buy your latest fast tech item, and if you do really need it".Unwanted tech should always be recycled, Mr Butler argued. However, surveys carried out for the group suggest that over half of fast tech ends up in the bin or unused.
Repair and recycle
Joe Iles of the Ellen MacArthur Foundation which promotes the idea of a "circular economy" based on reuse and recycling said the charity believed the problem of fast tech could be fixed."It's easy to think of these patterns of rapid use, disposal as inevitable, but they're a recent symptom that has accelerated in the past 50 years or so", he told the BBC.There was already a booming market for some durable, reused, and refurbished electronics, he added.And policy tools such as Right to Repair and Extended Producer Responsibility could encourage better design, as well as new practices in collection, repair, and resale, he said.Others highlight how goods need to be manufactured in a way that helps consumers make sustainable choices.Laura Burley, plastics campaign lead at Greenpeace UK told the BBC that the combination of plastic and electrical components made fast tech "a toxic cocktail that is very hard to recycle".The fact that so much cheap tech is not built to be repaired or to last exacerbated the problem she said.When plastic and electronic waste is thrown away it often ends up being dumped on poorer countries.The solution was "a circular economy where producers are responsible for the full life cycle of their products, and incentivised to make them easier to repair". Consumers could help by not buying fast tech – "manual fans or an open window work just as well" she noted.
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The Independent
a few seconds ago
- The Independent
Donate-a-phone schemes and tech workshops in line for £9.5m Government backing
Donate-a-phone schemes and computer workshops will receive Government backing worth £9.5 million, as part of a plan to help older people and low-income households access an 'essential for modern life'. The funding will go towards charity and council schemes in an effort to tackle digital exclusion. According to the Department for Science, Innovation and Technology, the money will help connect the 1.6 million people who live entirely offline with the online world. 'It is unacceptable that in 2025, millions of people across the UK simply can't access the vast opportunities that technology and the online world offers,' telecoms minister Sir Chris Bryant said, adding that 'digital inclusion is an essential for modern life and work, not just something that's nice to have'. Sir Chris also said: 'Making technology widely accessible could be the thing that means a sick patient can speak to a GP remotely, or that helps a young person successfully apply for a job. 'Through this funding we're moving further to empower local leaders and groups nationwide, who are already working tirelessly to get their communities connected and change countless lives for the better.' The Government launched its Digital Inclusion Innovation Fund as part of the Digital Inclusion Action Plan, which also includes an ambition to pilot a device donation scheme, so re-purposed Whitehall laptops will go to people who need them. Older and disabled people, low-income households and jobseekers are among the groups more likely to be digitally excluded, according to the plan.


BBC News
a minute ago
- BBC News
c23p028p200o (GIF Image, 1 × 1 pixels)
Theo Leggett International Business Correspondent BBC A gleaming white Vivaro van drove slowly off the production line at Vauxhall's factory in Luton, beeping its horn, while workers cheered and crowded around taking photographs. Behind it, the production line came to a halt – forever. The Luton plant began building cars in 1905. It kept operating for the next 120 years, taking time out to build tanks and aircraft engines during World War Two. But on 28 March, that came to an end. The factory shut down, a victim of cutbacks at Vauxhall's parent company, Stellantis. Justin Nicholls, a production shift manager, was one of the 1,100 workers there - he had worked at the plant for 38 years. "It was devastating, because it came out of the blue", he says. "It was a complete surprise." It followed the closure of Honda's car factory in Swindon in 2021, and Ford's engine plant in Bridgend the year before. Together, they have come to symbolise an apparent long-term decline in the UK motor industry. Daily Herald/Mirrorpix via Getty Images Vauxhall's Luton plant has been building cars since 1905 until production stopped earlier this year In all, just 417,000 new cars and vans were built in the UK in the first six months of 2025, according to the Society of Motor Manufacturers and Traders (SMMT) - the lowest for that period since 1953. Output for the year is expected to be around 755,000 vehicles — lower even than during the Covid-19 pandemic. The SMMT's chief executive, Mike Hawes, described the situation as "depressing". The sector contributes some £22bn a year to the economy, according to the SMMT, and as recently as 2023 automotive manufacturing employed some 198,000 people in the UK. Andy Palmer, who was previously chief executive of Aston Martin, believes the ecosystem - and the sum it contributes to the economy - can only survive if the industry maintains its current scale. "There is a critical mass of employment," he explains. "Once you go below that, you see it all fall apart. "You don't have the university courses, you don't have people coming across from the aero industry, you don't have the pipeline of skilled engineers that allow the luxury firms to exist, and so on." And the knock-on effect of this could affect regions already facing challenges. "If we think about parts of the UK that have automotive plants, they're often disadvantaged regions," says David Bailey, professor of business economics at Birmingham Business School. "Losing these good quality jobs would have a big impact in terms of wages for workers and also a knock-on effect in terms of the multiplier on the local economy." He is concerned about what has already been lost. "I'd argue that actually we've let too much of this go already. I think once it's gone, it's really gone." The question is, can the industry recover - or is it too late? A concealed deeper problem The UK car industry is sprawling. Alongside large factories run by the likes of JLR, Nissan, BMW MINI and Toyota, there is a network of suppliers and high-tech specialist engineering firms, along with a number of smaller, luxury car firms, such as Aston Martin, Bentley, Rolls-Royce and McLaren, plus bus and truck manufacturers. In 2016, the UK produced 1.82m new vehicles – more than at any point since 1999. Yet even at that point, storm clouds were already gathering. And the industry has suffered further over the past decade. Factory closures have had an impact, but other factors have been at play as well, including uncertainty over US trade policy, which has hit exports to a major market. Then there was the role of Brexit. Adam Vaughan/EPA/Bloomberg via Getty Images One of the UK's leading manufacturers, Jaguar Land Rover (JLR), has deliberately moved upmarket in recent years, meaning it now sells fewer cars - also contributing to the lower figure of UK car production "Obviously, Brexit had a big impact", says Santiago Arieu, senior autos research analyst at Fitch Solutions. "It created uncertainty and complicated future visibility." As a result, experts say new investment suffered – just as the industry was gearing up for the massive changes being brought by the transition to electric vehicles. The agreement with the EU to guarantee continued tariff-free trade soothed the industry's concerns when it came. But by then, there was another challenge to contend with. The pandemic caused havoc within the industry globally. In 2020, output dropped by nearly a third, hitting levels not seen since the mid-1980s. It also threw finely tuned global supply chains out of kilter and created shortages of vital parts. Although demand for new cars was spiking, manufacturers simply couldn't build them quickly enough. Reuters/ Chris Radburn 'Losing these good quality jobs would have a big impact in terms of wages for workers and also a knock-on effect in terms of the multiplier on the local economy,' says one expert All of this caused short-term disruption - but the impact concealed a deeper, structural problem for the UK industry. Quite simply, it has become an expensive place to build cars. Part of this is to do with labour costs. Although lower than in some other Western European countries, particularly Germany, they are around twice the level seen in Central European nations such as Poland, Slovakia and Hungary. Then, there are energy costs. British manufacturers currently pay some of the highest electricity prices in the world. "Car makers operating in the UK also have factories in Europe and elsewhere, so it's not hard for them to find a replacement for their UK production," explains Felipe Munoz of JATO Dynamics. The former chief executive of Stellantis, Carlos Tavares, has previously criticised the cost of manufacturing cars in the UK and northern Europe – while holding up the company's Kenitra factory in Morocco as a model of efficiency. The investments starting to bear fruit When the Luton plant shut last year, it was estimated by Luton Borough Council that the move could cost the regional economy £300m per year. A small part of the workforce relocated to Stellantis' other UK plant, at Ellesmere Port in Cheshire, where the company is in the process of investing £50m in expanding production. Of those who have not relocated, some retired. "[Others] are taking quite a reduction in pay", says Gary Reay, who was a representative of the Unite union at the plant. The factory site has been bought by a property firm, Goodman - it plans to create more than 1,700 jobs at a new industrial park. Mr Reay is unimpressed. "The problem for the workforce… is this is years down the road… It's too far away for most of our workers." Toby Melville/PA Wire Just 417,000 new cars and vans were built in the UK in the first six months of 2025 Yet there is hope in some quarters: it is possible this year's output may turn out to be a low point, as recent investments start to bear fruit. In 2024, for example, Nissan stopped building its ageing electric Leaf model at its Sunderland plant — having previously been building about 30,000 a year. But it is due to begin making a new version this year and will start building an electric version of the Juke in 2026. Nissan is also one of the manufacturers set to benefit from investments in gigafactories. Nissan's battery partner AESC is building one in Sunderland, which will be able to make power packs for 100,000 electric vehicles a year. JLR's parent company, Tata, meanwhile, is investing in its own plant in Somerset, through its subsidiary Agratas. The government says it wants to increase the number of cars and commercial vehicles built annually to 1.3m by 2035. The SMMT believes 803,000 vehicles will leave the production lines next year but bringing that up to 1.3m looks like a very tall order, according to Mike Hawes. Greg McDonald, the CEO of Goodfish Group, is also circumspect. "I don't think many people think there's going to be a resurgence," he says. His business makes injection moulded components for carmakers and has four sites across the UK. It also has a base in Slovakia. "Suppliers like us are used to being constantly bid at for price and cost reductions, and there's a limit to how much you can do." Diversifying or Chinese investment? One way of mitigating this is for businesses to diversify - something more viable for smaller businesses in the sector. Burnett's Manufacturing, based in Northampton, is one of many automotive suppliers clustered around the Midlands Corridor. A manufacturer of specialist rubber and plastic parts, it relies on the motor industry for about 40% of its business. But it also provides components for shipbuilders and oil and gas firms. According to technical sales manager, Rich Dixon, smaller companies are more flexible and able to adapt to changing circumstances. "I think we're lucky in some ways, because 60% of our business is diversified across many different industries," he says. "The last thing you want to be is 100% automotive. "The difficulty is that higher up the food chain, there are some big companies that are very reliant on automotive." Yang Dong/VCG via Getty Images Chinese giants such as Dongfeng want to expand their international operations Some argue there is another way forward. Chinese giants such as Chery Group and Dongfeng want to expand their international operations – and see the transition to electric vehicles as an opportunity to do this in the European market. "If you embrace the move to electric vehicles and become a leading light in attracting Chinese investment, then you can do what China did to us in the past, which is essentially use collaboration to rebuild your industry," argues Andy Palmer, who now owns and invests in clean energy companies. This would, he adds, require significant government action, including negotiations with Beijing. The question is, is it already too late? One senior executive, who has spent decades in the European industry, doesn't believe the UK will become a major player in the EV market. "I don't think governments have spent the necessary time and energy preparing for the shift to EVs. Chris J. Ratcliffe/Bloomberg via Getty Images The UK is home to a number of luxury car firms, such as Bentley "I don't see much opportunity for new players to come in," says the executive, who asked not to be named. "It's all about encouraging those who are already here to stay, and if possible to expand." Another option, Felipe Munoz believes, is that the UK could double down on its position as a key player in the market for high-end cars. This could mean becoming a hub for the production of luxury Chinese designs, while allowing cheaper mass-market models to be built elsewhere. "I think people globally are willing to pay a premium for a British-made luxury car," adds Prof Bailey. The Great British 'brain drain' There is plenty at stake here, and it goes beyond the impact on local communities when factories are lost or suppliers stop trading. "I also worry about it in terms of impacts on productivity, exports, and research and development," says Prof Bailey. "Part of the reason why we've got poor productivity performance in the UK is that we have allowed too much manufacturing to go." This is where we differ from our European counterparts, argues Steve Fowler, EV editor for The Independent. "We tend not to support our homegrown industries in the same way that other countries do". What is harder to assess is the loss of national prestige. When MG Rover collapsed in 2005, there was an outcry, not just because thousands lost their jobs, but also because it was perceived as a symbol of the wider decline of British industry. This became even more marked when MG – a classic British brand – became a boutique badge for cars made in China. Bloomberg via Getty Images 'The UK is a great place to make cars, we have incredible expertise' Many of the upmarket brands that still build cars in this country deliberately trade on their British identity. Think of Rolls Royce, Bentley, McLaren and Lotus. Even BMW-Mini, a mass market manufacturer, is more than willing to wave the Union Jack – or rather, have it painted on door mirrors and roofs. If those cars were no longer built in Britain, it might well be perceived as a national humiliation. And for some, the decline of the auto industry would almost certainly be perceived as a symptom of a much wider loss. "I do think people are [becoming] much more aware of where things are made," argues Mr Fowler. "This isn't necessarily a nationalistic thing, but more a sustainability thing. Do you want your car to have travelled halfway around the world to reach you?" Ultimately, he says, there is already "a bit of a brain drain of talent, because the opportunities, bluntly, aren't here in the UK. "[But] the UK is a great place to make cars, we have incredible expertise, we have some of the best engineers and people who can build them better than anybody else." Top image credit: Chris Ratcliffe/Bloomberg via Getty Images BBC InDepth is the home on the website and app for the best analysis, with fresh perspectives that challenge assumptions and deep reporting on the biggest issues of the day. And we showcase thought-provoking content from across BBC Sounds and iPlayer too. You can send us your feedback on the InDepth section by clicking on the button below.


Reuters
a minute ago
- Reuters
CoreWeave revenue beats estimates on AI boom but shares fall on bigger loss
Aug 12 (Reuters) - CoreWeave (CRWV.O), opens new tab easily topped quarterly revenue estimates on Tuesday as the rapid adoption of artificial intelligence tools boosted demand for its cloud services, but a bigger-than-expected net loss sent its shares slumping 10% after the bell. The company currently operates 33 AI data centers across the U.S. and Europe and offers access to backer Nvidia's (NVDA.O), opens new tab chips, which are highly coveted by enterprises to train and run large AI models amid intense competition. CoreWeave reported revenue backlog of $30.1 billion as of end of June, compared with $25.9 billion on March 31. "Demand is humming, but it is the cost of growth that tempered the stock down in aftermarket trading," said Michael Ashley Schulman of Running Point Capital Advisors. Operating expenses jumped to $1.19 billion in the second quarter, from $317.7 million a year earlier. The company posted a net loss of $290.5 million, compared with analysts' average estimate of $190.6 million, according to data compiled by LSEG. "We are scaling rapidly as we look to meet the unprecedented demand for AI," CEO Michael Intrator said in the earnings statement. Investors have also focused on the company's reliance on a few big customers. "The backlog surge to $30B+ suggests demand visibility well beyond 2025, but the concentration in mega-customers like OpenAI means those relationships remain both the crown jewel and the single point of failure," said eMarketer analyst Jeremy Goldman. Meanwhile, CoreWeave executives reiterated the benefits of its $9 billion all-stock deal for crypto miner Core Scientific (CORZ.O), opens new tab. The deal, announced in July, is facing opposition. Core Scientific's largest shareholder, Two Seas Capital, has said it would vote against the sale. CoreWeave reported second-quarter revenue of $1.21 billion, beating estimates of $1.08 billion. The Livingston, New Jersey-based company raised its annual revenue forecast to be between $5.15 billion and $5.35 billion. It had previously projected annual revenue of $4.9 billion to $5.1 billion. Shares of the company, which reaffirmed its annual capital expenditure projection, were trading at $133.71. They have gained nearly three-fold since the IPO in March.