Business and Finance

The latest survey of robot sales in the UK produced by British Automation and Robot Association (BARA), based at the University of Warwick, reveals UK small businesses are failing to exploit a significant fall in price of industrial robots at a time when US figures are showing record sales of robots to US small businesses.

The BARA/ University of Warwick survey shows continuing trend for robot prices to fall. The majority of units installed last year cost less than £30k. There is also an in

Dutch researcher Joost Beuving concludes that the gambling behaviour of car traders has played an important role in the rapid growth of the West African second-hand car trade. This uneconomic behaviour emerges from the belief that they will one day make a fortune.

European second-hand cars flooded onto the West African car market in the 1990s. The port-town of Cotonou in Benin became an important operating base for this Euro-African car trade. At its peak in about 2000, se

A major review published today in The Lancet has revealed the enormous burden of road traffic injuries in countries that can least afford to meet the health and economic costs.

The authors of the review, from The George Institute for International Health in Sydney, the University of Auckland, New Zealand and the National Institute of Public Health in Mexico, believe that while motorisation has enhanced the lives of many individuals and societies, the benefits have come with

New research led by economists at the University of Warwick reveals that many Western societies that pride themselves on being lands of opportunity are anything but. The reality is that most countries show a strong connection between a father and son’s earnings and this factor is more important in the United States than in any of the other country studied.

The new research led by Professor Robin Naylor, an economist at the University of Warwick, shows a strong link between the earnings of

What does it cost a company when a manager neglects to improve a supply-chain or other manufacturing process over a three-year period? According to conventional management wisdom, such sins of omission are commonplace but difficult, if not impossible, to quantify in dollars and cents.

Until now.

A new method for putting a price tag on the cost of “managerial neglect” has been developed by two industrial engineers in the University at Buffalo School of Engineering Applie

The development of a new innovative drill bit could change the way in which oil and gas exploration and production takes place, thanks to support from NESTA (the National Endowment for Science, Technology and the Arts).

Bristol-based Meciria have received a £300,000 investment from NESTA and Oxford Technology VCT.

Directional drilling, or targeting a particular area to avoid difficult drilling conditions, can be undertaken by one of two methods, positive displacement moto