Tesla and SpaceX CEO Elon Musk’s time as the face of the Department of Government Efficiency (DOGE) has come to an end following the expiration of his time as a special government employee. Since January, Musk has been heading up DOGE, which was tasked with cutting $2 trillion from the federal government’s budget through efforts to slash spending, government programs ...
Staples and Tech Swap Positions Again The weekly sector rotation continues to paint a picture of a market in flux, with defensive sectors gaining ground while cyclicals take a step back. This week’s shifts underscore the ongoing volatility and lack of clear directional trade that’s been characteristic of recent market behavior. The sudden jump in relative strength for defensive sectors ...
When you operate in an industry that requires managing a company’s fleet, you already know how challenging it can be at times. It’s either a breakdown or an accident involving a vehicle or feeling like you’re at the breaking point with fuel prices going high. However, there are fleet fuel management tips and techniques to help you reduce unnecessary expenses. ...
Two of Britain’s largest bioethanol producers have issued stark warnings that a recent UK-US trade deal could trigger site closures and significant job losses across the sector, unless the government intervenes with targeted support. The concerns centre on the removal of a 19 per cent tariff on US ethanol imports as part of the transatlantic trade agreement, which industry leaders ...
British manufacturers have urged the government to ensure that small and medium-sized businesses are major beneficiaries of the UK’s rising defence spending by embedding legally binding offset agreements in future military procurement contracts. Ahead of the release of the government’s revised Defence Industrial Strategy, MakeUK Defence — the trade body representing more than 600 UK defence manufacturers — is calling ...
President Donald Trump’s 20th week in the Oval Office is expected to include a White House meeting with Germany’s chancellor, a phone call with Chinese President Xi Jinping and lawmakers’ ongoing efforts to pass the ‘big, beautiful bill’ to fund the president’s agenda. Monday marks Trump’s 134th day in the White House, a period in which he has issued 150 ...
Almost half of UK employers have seen increased staff turnover as a result of delaying pay rises for professionals and white-collar workers, according to new research from global talent solutions consultancy Robert Walters. In a survey of UK business leaders, 47% admitted that postponed or reduced salary reviews had led to higher employee attrition, as organisations struggle to balance cost ...
More than two thirds (68 per cent) of leaders of small and medium-sized businesses believe that their company is resilient after weathering the recent storms brought on by external events. The annual American Express Business Barometer found that this sense of resilience was matched by growing optimism. Almost three quarters (73 per cent) of SME bosses were confident about the ...
Small and medium-sized enterprises (SMEs) across the UK are showing remarkable resilience by prioritising employee welfare and environmental sustainability, despite mounting economic pressures, according to new research by Purbeck Insurance Services. As inflation and the cost of living continue to strain households and businesses alike, over half (51%) of SMEs have stepped up to support their staff. The survey by ...
At her spring budget, Chancellor Rachel Reeves outlined an ambitious vision: to make Britain a “defence industrial superpower”. In doing so, she joined a growing wave of European leaders rethinking their military budgets not just through the lens of national security, but as tools for economic growth. As war returns to Europe and global power balances shift, defence spending is ...