Elon Musk, CEO of Tesla, has sold an additional 7.92 million Tesla shares for approximately $6.88 billion (£5.7 billion). According to regulatory documents, the sales happened during the company’s annual shareholder meeting last week. Musk claims he needs the cash…
This autumn, England and Wales will cap the interest rate on student loans at 6.3%. To ‘align with the most recent data on market rates’ for loans, it is being changed from 4.5% to 7.3%. In light of the rising…
The business revealed on Wednesday that Nikola CEO Mark Russell would step down at the end of the year. Russell will be succeeded by Michael Lohscheller, who joined Nikola in February and was previously the CEO of the German manufacturer…
Due to ‘increasing uncertainties’ brought on by Russia’s invasion of Ukraine, energy network operator E.ON has reduced the value of its investment in the Nord Stream 1 gas pipeline by around €700 million (£592 million). The German energy company had…
In the 1970’s, the news headlines often flagged Britain's massive trade gap and reported on it. They used to blare out about the UK being ‘in the red again’ as did the TV news. Allegedly, PM Harold Wilson was supposed…
Consumer prices in shops have fallen last month the most that they have all year, giving weight to rising inflation due to sterlings potential fall in a post Brexit world is not coming to fruition, a recent industry survey…
Donald Trump has announced harsh sanctions against Russia in the wake of alleged global allegations Donald Trumps administration has come down hard on perceived friends and allies of the Russian state, with new sanctions on Russian oligarchs and high ranking…
According to the RAC, supermarkets are not slashing fuel prices as much as they ought to in order to match the ‘significant’ decrease in the price of petrol at wholesale. The motorist organisation claimed that the difference between wholesale pricing…
The major Wall Street indexes increased by more than 1% on Wednesday as traders reduced their expectations for a third consecutive 75-basis-point interest rate hike in September as data revealed a slower-than-expected rise in inflation in July. Due to falling…
The United Kingdom is now classified as an ‘emerging market country’ by Saxo Bank due to political unpredictability, trade disruptions, an energy crisis, and soaring inflation. The U.K. economy will experience its deepest recession since the global financial crisis in…