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UK reportedly planning electric car loan subsidies to push sales
The UK government is reportedly considering subsidising purchases of electric vehicles by guaranteeing consumer loans, as it looks at ways to boost sales that are failing to reach official targets.
Ministers have started talks with the car finance sector on how to make more low-interest or interest-free loans available to …
Heathrow third runway: a saga of promises, protest and U-turns
The saga of Heathrow’s third runway has been continuing for decades, with ministerial resignations, U-turns from politicians against the backdrop of climate disaster, including 0.2C of global heating since the expansion was first proposed. Now the chancellor, Rachel Reeves, is hoping to kickstart the expansion again in a push for …
Roman Abramovich may owe HMRC £1bn for unpaid taxes, analysis shows
Roman Abramovich, the billionaire Russian oligarch, may owe British tax authorities as much as £1bn, according to analysis of documents that suggests his companies failed to pay tax on profits made through an elaborate offshore investment scheme.
Leaked papers and court filings shed new light on how the income from …
No more excuses: the time has come for the RBA to cut interest rates | Greg Jericho
Australia’s underlying inflation rate falls to 3.2% to bolster case for RBA rate cut next month
Australia’s underlying inflation rate has fallen to a three-year low of 3.2%, bolstering the case for a rate cut next month that would provide a dopamine hit to the government ahead of a cost-of-living election.
The Reserve Bank of Australia’s preferred inflation gauge, which strips out volatile price swings, fell …
How Trump tariffs could upend car markets in Europe, the US and China
The internal combustion engine appears to hold a special place in Donald Trump’s psyche. During his inauguration speech last week, he made a “sacred pledge” to raise US car production to “a rate that nobody could have dreamt possible just a few years ago”.
Car making and the oil industry …
Reeves plans to create ‘Silicon Valley’ between Oxford and Cambridge
Rachel Reeves is unveiling plans to create “Europe’s Silicon Valley” between Oxford and Cambridge as she stakes the government’s success on kickstarting economic growth and putting more pounds in people’s pockets.
The chancellor will announce a blueprint to improve infrastructure across the region that will add up to £78bn to …
Starbucks posts smaller-than-expected sales drop amid turnaround effort
‘I’m coming to a place that looks like hell’: the long road home for Gaza’s displaced
For Abdulaziz the return to Sheikh Radwan in northern Gaza was bittersweet. His home was still standing, if damaged, but the life he built around it had been utterly destroyed by 15 months of Israeli attacks.
Relatives, friends, acquaintances are dead. His job as manager of a car rental business …