Alex Tovstanovsky, owner of used-car dealer Prestige Motor Works, checks on inventory with his general manager Ryan Caton in Naperville, Illinois, May 28, 2020. Nick Carey | Reuters DETROIT — The Federal Reserve’s decision to cut interest rates for the first time in more than four years is expected to eventually boost new vehicle sales,…
An eight-year-old boy who died in a shooting in Cumbria has been named as Jay Cartmell. The boy sustained serious head injuries in the incident, which happened on land near the A66, north of Warcop, at about 2.50pm on Saturday. Police and paramedics attended the scene, and he was airlifted to hospital, where he later…
Just before Britain’s last coal-fired power station, Ratcliffe-on-Soar, powered down for the final time, Madeleine Finlay travelled to Nottinghamshire with energy correspondent Jillian Ambrose for a last tour of the site. Britain is the first major economy to move away from coal entirely as it strives to meet the target of net zero by 2030.…
Argentina’s vice-president has lambasted a new UK-Argentina Falkland Islands agreement, saying her nation had been offered “crumbs”. The pact, announced last week, includes resuming flights to the islands, restarting negotiations on a humanitarian project plan, and organising a trip for relatives of fallen soldiers of the Falklands war to visit their graves. Argentina’s foreign minister,…
Check out the companies making headlines in midday trading: Nio — The U.S.-listed shares of the Chinese electric vehicle maker climbed 9.5% after Nio announced a 13.3 billion yuan cash injection for its Nio China business. The transactions are expected to be completed by year-end, and will reduce Nio Inc.’s stake in Nio China to…
Biden to visit areas affected by Helene ‘later this week’ Joe Biden said he expects to visit areas affected by the aftermath of Hurricane Helene “later this week”. The US president is now taking some questions from the press gathered at the White House. He called it a historic storm, “never seen anything like it…
Simon Case, the cabinet secretary, has formally announced that he will stand down as the UK’s most senior civil servant at the end of the year. In an email to the civil service, Case, who has served four prime ministers and 120 cabinet ministers, said he would stay in post while the process to replace…
Fortnite video game maker Epic Games on Monday accused Alphabet’s Google and Samsung, the world’s largest Android phone manufacturer, of conspiring to protect Google’s Play store from competition. Epic filed a lawsuit in US federal court in California alleging that a Samsung mobile security feature called Auto Blocker was intended to deter users from downloading…
Sixteen years ago, the Rudd government ordered an inquiry into the supermarket sector amid rising public discontent about grocery prices. The sector was already highly concentrated with Coles and Woolworths enjoying a collective 65% share of the market, as the Franklins business withered and upstart Aldi was still in its early stage of expansion in…
The federal government has tasked the Australian Competition and Consumer Commission with cracking down on misleading and deceptive pricing in supermarkets, tipping an extra $30m into the competition regulator after damning allegations against Coles and Woolworths. The federal treasurer, Jim Chalmers, will also work with state and territory counterparts to overhaul zoning and planning rules…
