Billionaires spent record amounts during the 2024 federal election, according to a new analysis from Americans for Tax Fairness, a coalition of more than 420 national, state and local organizations advocating for economic reforms. The report’s findings show that during the election cycle that put Donald Trump back in the White House and seated Republican…
Ten leading car manufacturers – plus two automotive trade bodies – have been fined more than £77m by a UK regulator after admitting breaking competition law in relation to advertising their green credentials. The Competition and Markets Authority (CMA) launched an investigation after a tipoff from Mercedes-Benz, which allowed the German marque to avoid financial…
Donald Trump has probably not read much Michel Foucault. But he appears to embody the French philosopher’s claim that “politics is the continuation of war by other means”. Nowhere is this more apparent than in his fondness for tariffs. He presents taxing foreign imports as a way to rebuild the American economy in favour of blue-collar…
Turnberry’s famous Ailsa Course will not open as planned on 1 May after serious damage caused to the Ayrshire venue – owned by the US president, Donald Trump – by a pro-Palestine group. Tour operators and those with individual bookings at Turnberry are in the process of being informed it will be June before the…
As egg prices have reached record highs, about a third of American consumers have stopped buying them in response to the rising costs, a new study suggests. According to research from Clarify Capital, 34% of Americans have stopped purchasing eggs as prices for the breakfast staple are becoming less affordable. On average, these consumers say…
A Delta Air Lines Boeing 767-332(ER). Joan Valls | Nurphoto | Getty Images Airline stocks slid further on Tuesday as Wall Street’s concerns about weaker-than-expected travel demand amid looming tariffs and a sharp drop in consumer confidence continue to weigh on the sector. Shares of Delta Air Lines were down more than 3% in afternoon…
The Italian defence company Leonardo has been given a £165m contract extension by the British government for its work maintaining the Royal Navy’s fleet of 54 Merlin helicopters, in an sign of the impact of the UK’s commitment to ramp up defence spending. Keir Starmer’s government, which is planning to increase military spending to 2.5%…
The European Union has a “strong plan” to retaliate against tariffs imposed by Donald Trump but would prefer to negotiate, the head of the European Commission, Ursula von der Leyen, has said. Trump, who has upended eight decades of certainties about the transatlantic relationship since taking office, has threatened tariffs on goods from around the…
A NEWSMAX television crew member steam irons a backdrop during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, on Saturday, February 24, 2024. Tom Brenner | The Washington Post | The Washington Post | Getty Images Shares of conservative cable channel Newsmax soared more than 40% in early trading Tuesday, a day after…
OpenAI has raised $40bn (£31bn) through fundraising led by the Japanese group SoftBank, in a deal that values the ChatGPT developer at $300bn. OpenAI said the funding round would allow the company to “push the frontiers of AI research even further”. It added that SoftBank’s support would “pave the way” towards AGI, or artificial general…
