According to the CEO of Ford, Britain should continue adhering to EU auto laws to prevent escalating consumer costs. Tim Slatter’s remarks come as automakers get ready for the first significant examination of Britain’s post-Brexit trade agreement with the EU…. Read More ›
A new set of global regulations backed by the G20 will put more pressure on businesses to explain how climate change impacts their operations and will aid regulators in their efforts to combat “greenwashing.” The International Sustainability Standards Board (ISSB)… Read More ›
According to Volkswagen’s battery boss, the company has perfected a dry coating battery manufacturing technique that, if scaled up, could reduce the cost of cell production by hundreds of millions of euros annually. The automaker claimed that it and the… Read More ›
As Brussels sets a new objective to reduce Europe’s contribution to climate change, official experts suggested that the European Union should pledge to reduce its net greenhouse gas emissions by as much as 95% by 2040. The third-largest economy in… Read More ›
Following adjustments imposed as part of a broader campaign to minimise wealth disparity, China’s securities regulator and central bank reduced budget allocation for staff pay in 2023. The China Securities Regulatory Commission (CSRC) budget report for 2023 was released on… Read More ›
Consumer spending in Japan unexpectedly decreased in March at the sharpest rate in a year, and real incomes fell for the twelfth consecutive month due to high inflation, underscoring the difficulties facing the economy in constructing a robust post-COVID recovery…. Read More ›
Although the growth of nonfarm payrolls in the United States in March was roughly in line with projections, there were indications that the employment market is beginning to slow down. Payroll growth for the month was announced by the Labor… Read More ›
Walmart Inc. stated on Wednesday that the business would be under pressure from inflation this year and that it would reduce recruiting while developing its automation technology. “We believe, over time, the number of associates will grow, but at a… Read More ›
After failing to find a funding reprieve, Virgin Orbit will cease operations “for the foreseeable future,” CEO Dan Hart announced during an all-hands meeting on Thursday. Nearly all of the company’s employees will be let go. “Unfortunately, we’ve not been… Read More ›
After UBS saved Credit Suisse through a government-mediated rescue, which tarnished the nation’s long-held pride in its banking prowess, Switzerland awoke to a new era on Monday. An association of bank employees expressed its shock at the potential outcomes of… Read More ›
