There's a new trade war brewing - over global dominance in the electric car market
There's a trade war brewing between China and the West, at stake is who will dominate the global market for electric vehicles.
There's a trade war brewing between China and the West, at stake is who will dominate the global market for electric vehicles.
EasyJet, Ryanair and WizzAir have criticised attempts by the airline industry’s main lobby group to protect long-haul carriers from an EU crackdown on contrails.
STORY: Australian airline Qantas Airways said on Monday it had agreed to pay a penalty worth $79 million U.S. dollars to settle a lawsuit. The claim accused the airline giant of illegally selling thousands of tickets for flights that had already been cancelled. The fine is the largest ever faced by an Australian airline.As part of the settlement with Australia's consumer commission, the company will split $13 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay a $66 million fine instead of defending the lawsuit that it had previously vowed to fight.The penalty is subject to the approval of the Federal Court of Australia.CEO Vanessa Hudson said in a statement that, QUOTE, "we recognize Qantas let down customers and fell short of our own standards," CEO Vanessa Hudson said in a statement."Qantas was sued last August by the consumer commission, which alleged that in some cases the airlines flights were on sale for weeks after they’d been cancelled. The company had argued that it faced similar challenges to airlines around the world, but the commission said its actions broke consumer law. Qantas is also still waiting to learn how much it must pay nearly 1,700 ground handling staff it sacked in 2020 after a court found the job cuts were illegal since they were intended to stop industrial action.
GMB: Kate Garraway talks about needing pension to pay for Derek's bills
When your take-home pay lands in your bank account each month, it can look underwhelming compared to the salary written into your contract.
Steel producers Nucor and Cliffs introduce weekly and monthly HRC pricing, aiming for market transparency and potential influence on indexes.
When Greg Abel succeeds Warren Buffett at the helm of Berkshire Hathaway, he is expected to preserve the culture at the behemoth even if he does not match the star power of his legendary boss. A 25-year Berkshire veteran, Vice Chairman Abel, 61, is expected by investors and analysts to uphold the $865 billion conglomerate's track record of investing in companies for the long haul and eschewing dividend payments to shareholders. Berkshire, which owns railroads, insurance companies and an ice-cream maker, has been planning for decades for the eventuality when Buffett, 93, who has run the company since 1965, is no longer there.
The super-fast growth of the Rolls-Royce share price has come to an end for now, but Stephen wright thinks there could be more more to come. The post As the Rolls-Royce share price stalls, investors should consider buying appeared first on The Motley Fool UK.
Waitrose has been accused of forcing reduced redundancy payouts on warehouse staff who were already at risk of losing their jobs.
It’s a stock market rule of thumb that big acquisitions tend to destroy shareholder value. Spin-offs, on the other hand, have the reassuring habit of being more likely to create it.
The IAG share price has demonstrated plenty of volatility in recent months. Dr James Fox takes a closer look at the airline operator. The post What’s going on the IAG share price? It’s so volatile! appeared first on The Motley Fool UK.
Paying the caregivers of people with disabilities more would improve care while increasing economic growth, a research team found.
HOUSTON (Reuters) -Oil futures ended largely unchanged on Monday as a ceasefire agreement between Hamas and Israel continued to elude negotiators. Both crude oil benchmarks settled 37 cents, or 0.5%, higher with Brent crude futures at $83.33 a barrel and U.S. West Texas Intermediate crude futures (WTI) at $78.48 a barrel. Last week, both contracts posted their steepest weekly loss in three months, with Brent falling more than 7% and WTI down 6.8%, as investors weighed weak U.S. jobs data and the possible timing of a Federal Reserve interest rate cut.
An upcoming shareholder vote at Denny’s Corp could pressure the company to set targets for reducing its use of pork from suppliers that keep pregnant pigs in tight confinement, called gestation crates. The Humane Society of the United States, a shareholder in Denny’s, filed the proposal ahead of the diner chain’s May 15 annual investor meeting. The proposal has been backed by Institutional Shareholder Services, an influential proxy advisory firm which often guides how shareholders vote on hot-button issues.
'I went to use my card in Asda and it was frozen - I got that sinking feeling thinking, they've done it again'
Nalinikanth Gollagunta, CEO of Mahindra & Mahindra's Automotive Divison, says his company is planning to localize battery production in India over time. He spoke with Stephen Engle on "Bloomberg Markets Asia" from the sidelines of the "BNP Paribas Global Electric Vehicle and Mobility Conference."
A change at the top of European institutions could herald a change in the 2035 target to phase out sales of internal combustion engine cars even though the automotive industry is already well down the road towards transitioning to electric vehicles.The two German parties in the group, the CDU and CSU, want to scrap the 2035 deadline to continue to benefit from "state-of-the-art German internal combustion engine technology".
Oil prices (CL=F, BZ=F) are climbing higher as hopes of a Gaza-Israel ceasefire agreement are slimming. Additionally, Saudi Aramco's decision to raise crude oil prices has contributed to the rise in Brent crude futures. Yahoo Finance Senior Business Reporter Ines Ferré breaks down geopolitical drivers behind the oil price surge. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith and updated by Luke Carberry Mogan.
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Kate Tomas is a corporate psychic. She says CEOs have paid her hundreds of thousands to help them make decisions — and more money.
Congressional Democrats demanded information about the corporate spending by the operators of three of the country’s largest public, for-profit nursing homes, after the companies said they can’t afford the Biden administration’s new minimum staffing threshold. In letters sent to the companies Sunday, Sens. Elizabeth Warren (D-Mass.), Richard Blumenthal (D-Conn.) and Bernie Sanders (I-Vt.), along with…