Nissan has unveiled the third-generation Leaf, its flagship electric vehicle, which will be built in the UK at the company’s Sunderland plant as part of a major push towards sustainable, UK-based EV production. The updated Leaf will offer up to 375 miles (604km) of range on a single charge, and customers will be able to place orders later this year, ...
Britain’s banking sector is preparing for a fresh wave of consolidation, as major lenders and challengers alike position themselves for strategic acquisitions that could reshape the industry. Leading the charge is specialist lender Shawbrook, backed by private equity firm Pollen Street Capital, which is reportedly circling high street player Metro Bank in a potential deal that would mark a significant ...
UK inflation edged down to 3.4 per cent in May, slightly lower than April’s 3.5 per cent, in a sign that price pressures across the economy are gradually easing—though inflation remains well above the Bank of England’s 2 per cent target. The latest figures from the Office for National Statistics (ONS) also showed a fall in core inflation, which strips ...
Chancellor Rachel Reeves is considering softening Labour’s flagship plans to scrap the non-domiciled tax regime, amid rising concern over the growing exodus of wealthy individuals and business leaders from the UK. The Treasury is reportedly reassessing proposals to apply inheritance tax to the global estates of non-doms—UK residents who consider their permanent home to be abroad—after warnings that the measure ...
Global investors are increasingly turning their backs on US stocks and the dollar, shifting their focus toward eurozone equities and emerging markets, according to the latest Bank of America (BoA) fund manager survey. The closely watched monthly poll of 190 institutional investors overseeing a combined $523 billion in assets reveals a decisive rotation away from American assets following the turbulence ...
Transport Secretary Heidi Alexander is set to deliver a damning assessment of the previous Conservative government’s handling of the HS2 high-speed rail project, accusing ministers of wasting billions of pounds through poor oversight, mismanagement, and politically driven indecision. In a statement to be made in the House of Commons on Wednesday, Alexander will unveil the findings of two major reviews ...
The UK’s data protection regulator has fined genetic testing firm 23andMe £2.31 million following a large-scale data breach in 2023 that exposed the personal and sensitive health information of thousands of users, including over 155,000 UK residents. The Information Commissioner’s Office (ICO) said on Monday that 23andMe had failed to implement basic security measures, leaving sensitive user information—including health reports, ...
Biden-appointed U.S. Judge Julia Kobick issued a ruling Tuesday to temporarily block the Trump administration’s move to only allow two genders, male and female, on U.S. passports. In line with an executive order signed by President Donald Trump proclaiming the U.S. only recognizes two genders, the Department of State eliminated the ‘X’ designation on passport applications and suspended a policy ...
A key House Republican says Israel will continue to have bipartisan support from Congress as its conflict with Iran worsens tensions in the Middle East. ‘Yeah, absolutely,’ Rep. Mario Diaz-Balart, R-Fla., said when asked about a hypothetical supplemental funding package in the event the crisis became a prolonged conflict. ‘There’s very, very, very strong bipartisan support, in particular Republican support, ...
Senate Majority Leader John Thune, R-S.D., doesn’t envision, nor want, the U.S. military becoming directly involved in the conflict between Israel and Iran, but that hinges on whether the Islamic Republic rejoins the negotiating table. ‘Dismantling Iran’s nuclear program is what this is all about,’ Thune told Fox News Digital from his office in the Capitol. ‘And that can happen ...