The European Union has decided to impose a 9% tariff on Tesla’s cars made in China, following a big investigation into China’s “unfair” subsidies for electric vehicles (EVs). This move comes after EU officials found that Tesla benefited from Chinese government help, such as cheap batteries and land. The new tariff will start by the …
The US Dollar (USD) is on a losing streak, falling for the third day in a row. As it struggles against other major currencies, the focus is on the upcoming Jackson Hole Symposium where important economic updates are expected. Traders are also watching for comments on the US economy and possible interest rate changes. The …
AI technology has saved nearly 6,000 deer from crossing busy rail routes in England. Installed at key points, this system uses cameras and alarms to protect both animals and passengers, preventing accidents and delays. The system is expanding and aims to improve safety for all. In a remarkable effort to protect wildlife and prevent accidents, …
Labour is pushing a new policy called the "right to switch off," which means bosses can't make employees answer emails or work messages after hours. If companies break this rule, they might face hefty fines at tribunals. This plan aims to keep work from spilling into personal time and improve work-life balance. In a big …
Company failures in England and Wales surged past that of the 2008 financial crisis in the last year, with more than 25,000 businesses going under. At the same time, gold prices soared to record highs against the backdrop of economic uncertainty and investor fears. Here's a look at these major developments and other key updates. …
JP Morgan raised its forecast for the UK economy's growth in the third quarter this year. They are now predicting 0.4 percent growth between July and September, instead of 0.3 percent previously, based on the good GDP figures and retail sales data. JP Morgan has some exciting updates related to growth predictions for the UK. …
The giant chain for arts and crafts, Hobbycraft, is close to changing hands to Modella Capital, a specialist investment firm. This sale could be closed soon and would represent a change in ownership from private equity firm Bridgepoint. It might value the company between £60 million and £70 million, significantly below where it was sold …
Things turned awry in a routine rocket engine test, producing a towering inferno as the launch pad went ablaze during the experiment. Expected to simulate the moment of a rocket under thrust sampling, fire just sprang out from the side of the device as an explosion brought more focus on the experiment. The team is …
European markets were down on Tuesday while, in the US, indices were relatively flat. The FTSE 100 saw a 1% drop amid losses from leading companies, with European indices posting mixed results. Investors anxiously look to a speech by Federal Reserve chair Jerome Powell for clues about future interest-rate policy. European and US markets diverged …
Losing nearly £1 billion in market value, BT received a setback as Sky has announced that it will enter CityFibre's network to offer broadband. This is another axe applied to BT's Openreach business, which has already resulted in a huge share price drop of BT. Tuesday, weirdly, it offered up an almost £1 billion hit …
Stephen Chamberlain, a British tech personality, was killed after he was hit by a car while jogging in Cambridgeshire. This follows the news that a superyacht with his former colleague Mike Lynch on board had sunk a week before. On the heels of this tragedy, Lynch and Chamberlain have just been cleared of all charges …
This August bank holiday is set to be the busiest on UK roads in nearly a decade, with 19.2 million journeys expected. Major traffic delays are anticipated due to day trips, festivals, and rail disruptions. Motorists are advised to prepare for long waits, ensure their vehicles are ready, and travel early to avoid the worst …
Heavily indebted Thames Water is in trouble over financing, after being blocked by watchdog Ofwat from hitting customers with bills for nearly £157m to close its pension gap. With time running out, the government breathing down its neck, the company now has to bear the brunt of the deficit created by its own management and …
Alstom awarded £60 million contract for the refurbishment of CrossCountry's Voyager trains following an earlier warning from the company against job losses caused by low orders. The refurbishment includes new seats and technology as part of the commitment that will keep the Voyager fleet in service up until 2031. Now the major train manufacturer Alstom …
