Nissan to warn jobs at risk as UK EV targets push car industry to ‘crisis point’

Carmakers fear goals unreachable as consumer demand softens

Business - Financial Times - 7 hours ago

Banks warn UK Treasury of risk of sector turmoil after car finance ruling

Lenders meet government officials and regulators over fallout from court judgment on ‘secret’ auto loan commissions

Business - Financial Times - October 29

Britain's car finance industry is in crisis – with banks bracing for billions in payouts

The crisis has prompted comparisons to Britain's PPI scandal, which was estimated to have cost banks more than £50 billion ($63.8 billion).

Business - CNBC - Yesterday

GM Cuts 1,000 More Jobs as EV Push Continues

General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the automaker to trim costs as it ramps up sales in unprofitable electric vehicles.

Business - The Wall Street Journal - 15 hours ago

RFU warned schools crisis risks rugby becoming a ‘declining minority sport’

Changes urged over damaging fall in participation levels Fears over head injuries and image problem highlighted The Rugby Football Union has been warned it is facing an existential crisis and ...

World - The Guardian - October 21

UK Post Office to close 115 branches, putting hundreds of jobs at risk

Interim chair Nigel Railton to set out plans to try to strengthen lossmaking business

Business - Financial Times - 2 days ago

UK innovation will be undermined by science department Budget squeeze, industry leaders warn

Tight finances made worse by bill to rejoin EU programme Horizon

World - Financial Times - October 18

Invest in UK nurses or risk more strikes, union boss warns ministers

RCN head urges the government to use the Budget to boost spending on the NHS

Business - Financial Times - October 28

Investors warn of lasting ‘risk premium’ in gilts following UK Budget

Traders play down parallels with 2022 market crisis but say rise in borrowing costs will linger

Business - Financial Times - November 1

Nissan Becomes Activist Investor's Next Japanese Target

Effissimo Capital Management says it has built a stake days after the carmaker unveiled sweeping restructuring and cost-cutting plans.

Business - The Wall Street Journal - Yesterday

Middle East crisis live: everyone in northern Gaza at ‘imminent risk’ of death, warns Unicef chief

Catherine Russell’s comments come amid reports of further airstrikes on Jabalia and Beit Lahiya. There are mounting concerns over whether the Israeli government’s ultimate war aims in Gaza include ...

World - The Guardian - November 3

Is China cannibalising the EU car industry?

Troubles at VW point to growing doubts about future of Europe-wide sector as imports of cheap EVs rise. For decades Germany has enjoyed a reputation as Europe’s car capital, with slogans such as ...

World - The Guardian - October 20

Nissan cuts 9,000 jobs and halves CEO’s pay as it sinks to a loss

Carmaker to slash global production capacity by a fifth in emergency turnaround plan

World - Financial Times - November 7

Nissan Cuts 9,000 Jobs and Slashes C.E.O.’s Pay in Half

The Japanese automaker is carving deep cuts in its global operations as it struggles with a steep drop in sales.

Business - The New York Times - November 7

Japanese automaker Nissan cuts 9,000 jobs as its vehicles fail to sell

Nissan is reporting a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned

World - ABC News - November 7

The water industry is in crisis. Can it be fixed?

Simon Jack asks what reform of the troubled sector could mean for customers and their bills.

Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts

More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closures

Business - Financial Times - 5 days ago

Homebase collapses into administration with 2,000 jobs at risk

Homebase enters administration, but The Range buys up to 70 stores and the brand.

Bangladesh’s leader says ‘no place’ for Sheikh Hasina’s ‘fascist’ party

Muhammad Yunus says will not seek exiled leader’s extradition from India before domestic tribunal’s verdict

World - Financial Times - October 30

Hospitals in firing line of forgotten war

Sudan’s brutal civil war is taking a devastating toll on the country’s health facilities

World - Financial Times - October 30

Why EU defence and security policy will stay in the hands of capitals

Also in this newsletter: wading into France’s budget mess

World - Financial Times - October 30

The race to shape UK industrial strategy

Business leaders and regional mayors try to influence government’s flagship economic growth policy

World - Financial Times - 2 days ago

U.K. Police Recover $7.8 Million in Stolen Cars Including BMWs, Nissan GT-Rs, and a Lamborghini

World - Yahoo News - November 1

The Papers: Reeves 'risks hurting pensioners' and shoplifting 'crisis'

Warnings ahead of Rachel Reeves' first Budget, and the soaring cost of theft from shops, lead the papers.

Europe’s unity at risk as sense of crisis grows

The EU needs investment to boost growth and competitiveness, but the debate over who pays has echoes of the financial crisis

World - Financial Times - November 8

Why Europe’s car crisis is mostly made in China

The once-lucrative market is now highly competitive and more Chinese EVs are being exported, compounding slower sales at home

World - Financial Times - October 29

Post Office could close 115 branches with jobs at risk

Hundreds of head office workers are facing cuts and loss-making branches are under threat of closure.

Homebase falls into administration putting 2,000 jobs at risk

About 70 of DIY chain’s outlets sold to owner of homeware chain The Range

World - Financial Times - 2 days ago

'Amazing showcase' for UK gaming industry cancelled

The organisers blamed "increasing costs and less demand" as the sector continues to struggle.

Italy Car Industry Struggling For Survival, Lobby Group Says

World - Yahoo News - October 18

Vietnam Premier Pushes for Higher 2025 Growth Targets

World - Yahoo News - October 21

UK snow and ice warnings issued as Arctic air sweeps in

Much colder weather is set to arrive across the UK next week, bringing widespread frosts, plunging temperatures and for some areas, snow.

‘It’s desperation’: Ireland’s restaurant industry facing crisis with daily closures

Rise in VAT, inflation and people working from home has led small business owners to demand government support. Blazing Salads, Dillingers, Assassination Custard and Brasserie Sixty Six in Dublin, ...

World - The Guardian - October 20

Latest in Nissan to warn jobs at risk as UK EV targets push car industry to ‘crisis point’