Chinese giant to build UK’s largest gigafactory
It has been revealed that a Chinese company, which makes batteries for BMW electric vehicles, is about to invest…
Yearly Archives
2024
US Congress releases $1.2tn in spending to avoid shutdown
On Thursday, Congressional leaders announced a $1.2tn budget package to fund a large part of the federal…
Middle and high-income households are facing the worst living standards decline…
Tories presided over the largest setback in records since beginning
If the Conservatives are in power, the…
BAE will build nuclear-powered Aukus subs to boost British industry
BAE Systems won a multi-billion-pound contract to build Australia's nuclear-powered submarines, which will boost…
Waitrose prepares to close its warehouse, putting hundreds of jobs in danger
Waitrose puts hundreds of jobs in danger as it prepares to close a warehouse that was opened only four years ago.…
Adidas ends its 77-year sponsorship of the German National Football Team
Nike will take over as the German National Football Team's sponsor, replacing Adidas. This ends a long-standing…
UK Ministers introduce new rules on media ownership to prevent the takeover of…
The UK government has explicitly ruled out direct foreign ownership of British newspapers in an amendment to a bill…
Spac fight could lead to a $3.5bn windfall in Donald Trump’s favor
Donald Trump's legal dispute with his former business partner will soon come to an end. A vote is set to decide…
Reddit, the social media site, soars by 48% at its New York IPO
Reddit shares soared by nearly half in their debut on the market, a vote for confidence in initial public offerings…
Bank of England keeps rates at 5.25%
The Bank of England held UK interest rates to 5.25 percent and indicated it was moving closer to reducing borrowing…
Nationwide says that a vote by members on the Virgin Money £2.9bn deal would…
Nationwide claims it cannot give its building society members the right to vote on its £2.9bn purchase of Virgin…
US accuses Apple of building smartphone market monopoly in antitrust case
In the latest attack on the Big Tech giants, Joe Biden's government is suing Apple over its alleged use of power to…
Prudential profits boosted after China reopens Hong Kong border
The reopening the border between mainland China and Hong Kong has led to a greater than expected increase in…
Raiffeisen pulls AT1 bond deal over Russia deal fears
Raiffeisen Bank International abandoned its planned sale of risky debt on Wednesday after a "negative market…
Rare genetic disease treatment becomes the world’s most costly drug at…
In the US, a new gene therapy that treats a rare genetic disorder that attacks the nervous system central of young…
Bitcoin falls from record highs as Grayscale ETF withdrawals reach $12bn
Bitcoin is down 16 percent from its high of last week. Investors have stopped investing in new funds, which had…
Kering, the owner of Gucci, issues a profit warning following a slump in China…
Kering, the luxury goods company owned by Francois-Henri Piault, issued a profit warning due to a decline in demand…
Inflation in the UK falls to 3.4% as food prices slow
UK inflation dropped to 3.4% in Feburary, the lowest in two and a quarter years. This was due in part to a slower…