The threat of financial penalties totalling “hundreds of millions of pounds” was a key weapon used by carmakers to spook the UK government into relaxing its electric vehicle sales rules. …
Business
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The newly announced US-EU trade pact should be seen as a fragile truce rather than a lasting peace treaty, as widespread dissatisfaction and unresolved issues threaten its long-term stability. The …
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The Danish government is backing a $9 billion rescue plan for its national energy champion, Ørsted, as hostile policies from the United States bite hard. The wind power giant saw …
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Interest rates have been reduced once again by the monetary institution, with the latest 0.25% decrease bringing the benchmark to 4% in the fifth cut of the year. The decision’s …
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Despite Brand Damage, Tesla Board Approves $29B Musk Pay Package to Secure His Loyalty
by admin477351Tesla’s board of directors has given the green light to a new $29 billion stock award for CEO Elon Musk, following a U.S. court’s invalidation of his previous pay package. …
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Homeowners can anticipate some relief as the Bank of England is widely expected to cut interest rates this Thursday, a move that will likely translate into lower mortgage payments. The …
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In a swift and unexpected move, the US has introduced a 39% tariff on goods from Switzerland, causing immediate shockwaves through the financial sector. The Watches of Switzerland Group Plc …
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The notion of “friendship” has been set aside as US President Donald Trump announced a 25% tariff on Indian goods, effective August 1. This punitive measure is accompanied by an …
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President Donald Trump has signed legislation that eliminates approximately $9 billion previously allocated for foreign aid and public broadcasting. This move aligns with Republican efforts to reduce spending on programs …
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The UK government is considering an unprecedented move to overrule the Supreme Court regarding a potential £44 billion car loan commission scandal. Chancellor Rachel Reeves is weighing options to retrospectively …