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Tesla sales break records after Elon Musk slashes price
After Elon Musk's drastic price cuts , Tesla sold a record number cars in the first three month of the year to meet growing competition.
It announced that the world's most important carmaker produced 422,875 vehicles during the first…
After Russia-linked attacks, Bank of England calls for cyber crackdown
Because of fears that Russian-linked hackers could attempt to cause financial crisis, the Bank of England ordered lenders to strengthen their cyber defenses.
Threadneedle Street officials instructed last week banks, insurers, and…
Chief of JCB demands that net zero ban on cars be reconsidered
After Brussels loosened restrictions across Europe, Britain needs to rethink its net ban on new petrol or diesel cars, the Chairman of JCB stated.
Lord Bamford insisted that the "internal combustion engine certainly has future",…
A new oilfield in North Sea would blow the UK’s carbon budget
Analysis has shown that a single new North Sea oil and gas field would be sufficient to surpass the UK's carbon budgets. This is because the government, despite its legally binding commitment to net zero, considers expanding fossil…
Dover is jammed with thousands waiting for the second day of Braverman’s denial
Many thousands of people were forced to wait in Dover for another day, after Suella Braverman denied post Brexit checks.
P&O Ferries stated on Sunday afternoon, despite additional sailings being in place on Saturday that coaches…
China presses Japan to reverse its policy on chip export restrictions
China's foreign minister warns his counterpart not to do to others what they don't want to do to them.China has attempted to dissuade Japan from imposing big curbs on exports of semiconductor manufacturing equipment, as part of a…
Swiss prosecutor opens investigation into Credit Suisse Takeover
Leaks and possible breaches of criminal law by regulators, bank executives and officials will be investigated.Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by its larger…
Oil prices rise after Opec+ countries surprise output cuts
Crude oil prices surged after Saudi Arabia, and other Opec+ members announced unexpected oil production cuts of over 1mn barrels per day on Sunday. This put Riyadh in a collision course to the US.
Oil prices rose by 8 percent Monday…
Treasury spends £2bn on Help to Buy
The Treasury has almost £2 trillion in profit from loans it received under the Help to Buy home purchase program, which officially ends tomorrow.
The government has provided more than 375,000 loans to first-time homebuyers since its…
Eight projects were selected for the £20bn carbon capture plan
Britain's first carbon capture-and-storage (CCS) projects include a new gas fired power station and plants that make "blue" hydrogen. These are just a few of the eight projects in Teesside and the north chosen by the government for…
BAE Systems joins the ship with plans to build new electric aircraft
BAE Systems has partnered with a Swedish electric transportation start-up to get back in the passenger aircraft manufacturing business.
BAE, which built the Avro RJX/BAE 146 civilian aircraft in Britain, has plans to build batteries…
The world’s most important oil price is about to change for the better
After many years of negotiations, the world's largest oil price has been changed. Crude supplies from West Texas will now be used to determine the price for millions of barrels per day in petroleum transactions.
Dated Brent is losing…
UK joins Indo-Pacific Trade Bloc as Major Post-Brexit Pact
In an effort to strengthen economic ties after the EU's divorce, the UK will be joining the Indo-Pacific free-trade bloc of 11 nations.
Prime Minister Rishi Sonak's government views membership in the Comprehensive and Progressive…
UK and EU increase cooperation over new carbon border tax
In a sign that the EU and Britain are warming relations, they are increasing their coordination of climate change efforts and responding to the massive US green subsidy program.
Rishi Sunak, the UK's prime minister, stated this week…
UK confirms that the state pension age has been delayed to 68
The UK government confirmed that it would not push for a rise in state pension age to 68. It also stated that a review of this policy will be delayed until after next general elections.
The state pension for men and women is…
Vitol profits record $15bn after energy crisis
Vitol, the largest independent commodity trader in the world, is one of the biggest beneficiaries of the energy crisis. It reported record profits that were far higher than its competitors.
According to sources familiar with the…
Ford and Chinese partner make a gamble on $4.5 billion Indonesia nickel plant
The Biden administration is trying to develop the domestic battery industry by partnering with a Chinese carmaker. This US carmaker has teamed up with a Chinese miner.Ford announced plans to invest $4.5bn in Indonesia's battery…
China’s Envoy warns EU about the ‘peril’ of following US trade curbs
Ambassador to the bloc calls for resistance to unwarranted pressure on Beijing and promises not to be 'trampled upon'A senior Chinese diplomat stated that Washington should not demand that Europe curb trade with Beijing. He warned any…