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Wednesday newspaper round-up: BP, airlines, Coinbase
(Sharecast News) - Global fossil fuel company BP has bought 40.5% of a renewable energy hub in the Pilbara, billed as having potential to become one of the biggest suppliers of green hydrogen in the world. The company will also operate the Asian Renewable Energy Hub, which has plans to generate up to 26GW of wind and solar energy - about a third of the electricity generated in Australia today. - Guardian Airlines have been told to review their schedules by the government to avoid more flight chaos, as airports and unions said the problems behind recent cancellations would not be fixed by summer. The Department for Transport and the Civil Aviation Authority (CAA) said airlines should ensure flights on sale are "deliverable", and cancellations should be made "at the earliest possibility". - Guardian
The UK is poised to snub China's role in its nuclear ambitions under plans that will grant ministers the power to intervene in project decisions that pose a risk to national security. Kwasi Kwarteng, the Business Secretary, is pushing ahead with proposals that will grant the Government a "special share" when it takes a 20pc share in the planned Sizewell C station in Suffolk. - Telegraph
Coinbase Global is shedding about 1,100 jobs in preparation for what the chief executive of the cryptocurrency trading exchange warned could be a "crypto winter" as the US economy edges towards recession. The cuts, about a fifth of San Francisco-based company's workforce, come as panic selling grips the cryptocurrency market, with bitcoin, the world's most actively traded digital asset, losing 60 per cent of its value since a record high in November. - The Times
Hermann Hauser, the co-founder of Arm Holdings, has said the company listing in the UK is a matter of "technological sovereignty" for Europe. "This means you have a full set of all the critical technologies you need to run a country and economy properly. Not being technology sovereign means you become dependent on other countries," he told The Times yesterday. - The Times
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