Tuesday, October 1, 2024
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Ford scales back EV plans citing price pressures

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Ford is shaking up its strategy for electric vehicles (EVs), scrapping plans for a large, three-row, all-electric SUV and postponing the launch of its...
Bussiness

New US job market numbers weaker than expected as Fed eyes interest rate cut

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The US job market appears weaker than first thought, according to official figures released on Wednesday.The US created 818,000 fewer jobs than first calculated...
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Nonfarm payroll growth revised down by 818,000, Labor Department says

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The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday.As part of...
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Ford Steps Back From EVs—and Says Hybrids Are the Future

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Even early adopters and those seeking to reduce their CO2 emissions wilt at some EVs’ first-year depreciation of 50 percent.Automakers, too, are feeling the...
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Ford abandons electric vehicle plans despite being left with massive £1.1billion net zero cost

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Ford has announced it will no longer produce a highly anticipated electric vehicle with the company now mulling over a new strategy. The car...
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Post Office pays £250m to law firms in relation to Horizon IT scandal

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The Post Office has paid out a quarter of a billion pounds in legal fees in relation to the Horizon IT scandal – almost...
Bussiness

What personal tax rises might Rachel Reeves introduce to ease UK deficit?

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The Labour election manifesto ruled out raising the rates of income tax, national insurance or VAT, but other personal taxes are in the firing...
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‘It’s going to be grim’: Ed Conway on the state of public finances

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Official data shows government borrowing in July was above expectations and at...
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McDonald’s reveals plans to open over 200 new branches across the UK

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MCDONALD'S will open more than 200 restaurants across the UK and Ireland over the next four years, in a boost for lovers of the...
Bussiness

Why Reeves’ relationship with the unions is a threat to Britain’s public finances

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Ben Zaranko, economist at the Institute for Fiscal Studies (IFS), suspects there...
Bussiness

Shares in National Express owner jump as it starts sale of US school bus business

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The owner of National Express has revealed it has begun the sale of its North American school bus business in an effort to reduce...
Bussiness

Ford cancels seven-seat electric SUV in profitability push | Autocar

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Ford has scrapped its plan to launch a three-row, seven-seat electric SUV next year, warning that the move could cost the company $1.9 billion (£1.5bn). It...
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