Latest in Volkswagen warns it has ‘a year, maybe two’ to adapt to lower demand – business live
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Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – business live
Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of its failings.. Volkswagen Financial Services has apologised for the ...World - The Guardian - October 21 -
Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB
Development bank report says region still needs hundreds of billions of dollars for action to tackle impact of global warmingWorld - Financial Times - October 31 -
Global public debt to hit $100tn this year, says IMF; Boeing to raise up to $25bn to shore up balance sheet – business live
Rolling coverage of the latest economic and financial news, as IMF warns that future debt levels could be higher than currently projected. Cooling labour market adds to Reeves’s tax-raising ...World - The Guardian - October 15 -
U.S. crude oil edges lower after worst day in two years
Goldman expects Brent prices to recover to $77 per barrel in the fourth quarter.Business - CNBC - October 29 -
Chris Hoy has ‘two to four years’ left to live after terminal cancer diagnosis
Six-time Olympic cycling gold medallist, 48, says he has stage 4 cancer which has metastasised from his prostate. Chris Hoy, the six-time Olympic gold medallist, has disclosed he has “two to four ...World - The Guardian - October 19 -
Lower oil and natural gas prices, higher electricity demand expected over next five years: IEA
Natural gas and oil prices are likely to decline in the second half of the decade, but unexpectedly high worldwide demand for electricity will complicate efforts to reduce greenhouse gas emissions, ...Politics - The Hill - October 16 -
Will you have a lower tax rate in retirement? Maybe not, financial advisors say
Most people will have a lower tax rate when they retire, but others won't due to factors like large required 401(k) and IRA withdrawals, advisors said.Business - CNBC - 2 days ago -
Microsoft's stock has worst day in two years after disappointing forecast
Microsoft's stock fell more than 6% on Thursday after guidance fell short of analysts' estimates.Business - CNBC - October 31 -
Moncler Revenue Falls on Lower Demand in Asia, Europe
The Italian fashion group said the results were hit by lower consumer confidence in several markets, as the luxury industry continues to grapple with a period of volatility.Business - The Wall Street Journal - October 29 -
Shares in UK retailers fall as sector counts cost of NICs tax rise – business live
Rolling coverage of the latest economic and financial news. Tariffs, tech and Taiwan: how China hopes to Trump-proof its economy . Yesterday’s cut to UK interest rates doesn’t seem to have ...World - The Guardian - Yesterday -
UK consumers in ‘a despondent mood’ ahead of the budget; pound on track for worst month in a year – business live
People holding ‘their breath’ to see what’s in store for them in Rachel Reeves’s first budget, reports GfK. Budget will reverse huge cuts in UK’s public investment, Reeves confirms Fewer ...World - The Guardian - October 25 -
Nintendo reports lower profits as demand drops for its aging Switch console
Nintendo, the Japanese video game maker behind the Super Mario franchise, says its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth ...Entertainment - ABC News - 4 days ago -
For First Time in 87 Years, Volkswagen May Close 3 Plants in Germany
The automaker’s top employee representative told workers that management planned to shutter the factories to cut costs amid slumping sales.Top stories - The New York Times - October 28 -
Elon Musk has been in regular contact with Putin for two years, says report
Alleged talks between billionaire and Russian president could have enormous security implications. Elon Musk, the world’s richest man who is now central to Donald Trump’s election campaign , has ...World - The Guardian - October 25 -
Season finales, awards and maybe Tiger and Charlie Woods: What remains over final two months in golf 2024
With two months to go in the 2024 golf world, and following a rather stagnant October, there is plenty to pay attention to down the stretch.Sports - Yahoo Sports - 5 days ago -
Hunt warns that Reeves will ‘trash’ economy with business tax hikes
Shadow chancellor says he rejected Treasury advice to raise employers’ national insurance paymentsWorld - Financial Times - October 22 -
AI demand drives growth and higher spending at Amazon’s cloud business
Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarterBusiness - Financial Times - October 31 -
2 States to Vote on Lower Minimum Wage Rate for Tipped Workers
Massachusetts and Arizona plan ballot measures that could eliminate the subminimum wage paid to many workers in the restaurant and hospitality industries.Business - Inc. - October 21 -
CSX stock sees biggest drop in 3 years after railroad warns of hurricane impact, discloses SEC subpoena
Shares of CSX Corp. booked their biggest percentage drop in more than three years after the railroad operator on Wednesday said the fourth quarter would be “more challenging” in the wake of falling ...Business - MarketWatch - October 17 -
I’m an American voter overseas. For years, we were ignored – but maybe this time we’ll make the difference | Alexander Hurst
In the rush to defeat Trump, we’re suddenly on the frontline. It’s a shame, then, that so few of us actually vote. The United States doesn’t show much love to its citizens who live abroad. For ...World - The Guardian - October 28 -
Mortgage rates surge, putting a damper on home buying and refinancing
Mortgage applications fell 17% in the past week, the Mortgage Bankers Association said.Business - MarketWatch - October 16 -
New workers' rights 'to cost firms £5bn a year'
Businesses will face additional costs over the measures which include boosts to sick pay and unfair dismissal rights.Top stories - BBC News - October 21 -
Oil prices down for 4th straight session as traders weigh supply and demand
Crude futures on Wednesday marked a fourth straight session of declines, with prices holding ground at their lowest in two weeks as traders focused on an uncertain demand outlook — particularly ...Business - MarketWatch - October 16 -
Finally, the end of ‘the British empire’ – and maybe an honours system a modern country can live with | Hugh Muir
Reports suggest King Charles would not object to a move away from awards with ‘empire’ in the title. Not before time. Benjamin Zephaniah did it . So did Yasmin Alibhai-Brown. Howard Gayle, the ...World - The Guardian - 5 days ago -
Akzo Nobel Sees Full-Year Earnings at Lower End of Guidance
The Dutch paints company reported a fall in third-quarter net profit, missing consensus views, and said it expected full-year earnings at the lower end of its guidance.Business - The Wall Street Journal - October 23 -
Local government has become a chokehold for Chinese business
Beijing is promising change, but it comes at an unsettling priceWorld - Financial Times - October 28 -
UK Treasury chief admits business tax rise could lead to lower than anticipated wages
U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employeesWorld - ABC News - October 31 -
Trump has promised lower interest rates. That will be largely out of his control.
While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a range of factors largely outside of the president’s control.Politics - NBC News - 4 hours ago -
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Businesses warn Labour’s £25bn ‘tax on jobs’ will hurt hiring
Companies criticise rise in employers’ national insurance contributionsBusiness - Financial Times - October 30 -
UK landed estates warn Budget tax changes will ‘kill off’ business
Owners of historic houses hit out at changes to inheritance tax and national insuranceBusiness - Financial Times - 17 hours ago -
Watch live: Biden, Sanders give remarks on lowering drug costs
President Biden and Sen. Bernie Sanders (I-Vt.) are in New Hampshire Tuesday to tout efforts made by the administration on health care savings and lowering drug prices. The duo are expected to ...Politics - The Hill - October 22 -
Modern slavery backlog could be eradicated in two years, says government
Safeguarding minister Jess Phillips aims to clear a backlog of more than 23,000 cases.Top stories - BBC News - October 18
