Boeing has pulled its 30 percent pay offer to striking factory workers as negotiations to end the costly strike have collapsed. S&P Global Ratings has warned it may downgrade Boeing’s
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Rio Tinto struck a $6.7billion deal to acquire a lithium miner, making it the third largest producer in the world of this key ingredient for electric vehicle batteries. The London-listed
Senior, a UK engineering company, will be forced to lay off staff due to the crisis at Boeing and the delays in returning to full production by Airbus. Senior, a
Rio Tinto may make a bid to acquire a New York listed lithium miner, as the largest commodity groups in the world race to secure the metals and minerals that
Ford has urged the new Labour government in the UK to put an end to the ambitious sales targets set for electric cars and the harsh penalties that will be
The motor industry urged the chancellor on Tuesday to reduce the VAT rate for new electric vehicles, as well as public charging stations to stop the decline in the electric
New figures reveal that the production of hybrids and electric cars fell by 25,9% last month due to a decline in demand. According to the Society of Motor Manufacturers and
Elon Musk escalated his verbal war with the UK Government after being refused an invitation to a upcoming business investment conference. The Tesla billionaire responded to the news about the
Boeing, the troubled planemaker, announced to its striking workers a “best-and-final” offer of pay. However, its largest union refused to vote on an offer that did not meet their members’
French train manufacturer Alstom has finalised its 2 billion euro recapitalisation and asset disposal programme by selling its American rail signalling business for $690 million. This sale marks the culmination
Western airlines are significantly reducing flights to China due to several factors, including low demand, high costs related to flying around Russian airspace, and growing competition from Chinese carriers. Recently,
Boom Supersonic’s founder explains why air travel will be at 1,300mph in the future. The founder of a company that is seeking to build the successor to Concorde, has reacted
British Airways, the owner of British Airways, will pay its shareholders a dividend for the first since the outbreak of the pandemic. The company has enjoyed a successful first half
Nasdaq 500 and S&P 500 experienced their biggest single-day percentage drops since 2022, after US technology stocks plunged due to disappointing earnings by Alphabet and Tesla. The Nasdaq Composite dropped
Tesla’s second quarter profit dropped 45 percent compared to a year earlier as global electric car sales continued their decline despite price reductions and low-interest finance. The Texas-based firm said
According to a report by the government’s watchdog on spending, the axing HS2’s 2nd leg will likely mean higher train fares along the west coast mainline between London and Manchester
