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Major Chinese car brand faces chaos as UK importer collapses with immediate effect
A Chinese car brand could be forced to exit the UK market after its importer abruptly ceased operations with immediate effect.Skywell dealers have been impacted by the closure of Innovation Automotive, which has ceased trading, impacting the future of the Chinese automaker.Innovation Automotive announced that it would be ending operations, pointing to a need for huge investments to compete in the UK car market.The company appointed 16 Skywell dealers across England and Wales over the last two ye...
India's economy passed the Iran war test. Could El Nino spoil the party?
Economists say that the world’s fastest growing economy may even end up clocking a 7% GDP growth number this year. But, domestically a poor monsoon caused by El Nino is painting a grim picture for inflation. Is the worst really over for the Indian economy?
Chinese billionaire warns as Japan, South Korea & others move into ‘super-aged’ status
Asian nations face a demographic crisis with declining birth rates and aging populations. James Liang warns this trend could diminish innovation and human oversight of artificial intelligence. Governments are implementing pro-family policies, but their effectiveness remains uncertain. Even India's fertility rate has fallen below replacement levels globally. A shrinking workforce may cede control to advanced AI systems.
High-spending online gamblers to face financial risk checks
High-spending online gamblers to face financial risk checksImage source, Getty ImagesByEmma SimpsonBusiness correspondentPublishedJust nowGamblers who spend more than £1,000 online in a 24-hour window will have to undergo a financial risk assessment, the industry regulator has announced.The Gambling Commission said this would also apply to anyone spending over £3,000 in a rolling 90-day period. Under-25s will have lower thresholds.The assessments will be based on data held by credit reference ag...
China trains Belt and Road technical talent
China is training a new generation of engineers and technicians from Belt and Road partner countries through its “New-Quality Technician" Vocational Skills Training Program. In Suzhou, participants from Indonesia and Laos are gaining hands-on experience in advanced manufacturing and automation. CGTN's Wang Tianyu has the story.
أثرياء العرب: كيف جمع 5 من أغنى المليارديرات ثرواتهم في زمن قياسي!
شاهد كيف استطاع أغنى 5 مليارديرات عرب تحويل الأفكار إلى ثروات طائلة! لن تصدق الأرقام والمفاجآت التي سنكشفها في هذا المقال.
How to secure regular income from your savings: Our guide to cashing in with investment trusts - and the best options for your money
If you are after a regular income from savings, investment trusts can be a neat solution. But due to how they're set up, they tend to perform better than regular funds investing in the same assets.
Unveiling the Wealth: How the Richest Arab Billionaires Built Their Empires
Prepare to be amazed as we uncover the incredible journeys of the richest Arab billionaires. From oil barons to tech moguls, these visionaries transformed fortunes into legends, amassing wealth that changes the landscape of global economics.
Half of Americans struggle to afford groceries and gas, exclusive poll finds
About 57% of polled Americans also believe economy is worsening in grim portrait of cost of living crisis, according to Harris survey for the GuardianNinety-five per cent of Americans believe the US is suffering an affordability crisis, as many report trouble with the rising cost of groceries and gas, according to an exclusive new poll conducted for the Guardian.The survey, conducted by Harris Poll, paints a bleak picture of how people feel about the US economy amid the war in Iran and ahead of...
BoE plans to ease capital rules despite fears on AI stability threat
Bank of England financial policy committee members voice concern on trimming lenders’ financial buffersBusiness live – latest updatesThe Bank of England is planning to loosen capital requirements for major UK lenders, even as policymakers expressed concern about the threat to financial stability from rapid AI developments and debt-fuelled stock investments.The central bank said on Tuesday it was looking to remove and loosen some rules introduced after the 2008 financial crisis that determine the...
House prices hit fresh highs in Spain and Portugal. What's behind it?
In Spain and Portugal, the housing market is hitting new highs, with property prices climbing steeply and leaving many potential buyers priced out. The surge is driven by a mix of high demand and scant supply. Although mortgage approval rates are increasing, challenges like rising borrowing costs and stricter lending rules in Portugal pose risks.
One million more UK homeowners set to face higher mortgages
One million more UK homeowners set to face higher mortgagesImage source, Getty ImagesByKevin PeacheyCost of living correspondentPublishedJust nowThe impact of the Iran war means a million more homeowners face higher mortgage bills than the Bank of England had previously expected.Just over five million homeowners should expect their monthly mortgage repayments increase by the end of 2028, according to Bank forecasts.That compared to four million projected by the Bank in December.However, the Bank...
Meet 'Project 2029' — and its war on the annoyance economy
Remember Project 2025? Democrats are building their own governing blueprint, and one proposal takes aim at the "annoyance economy": robocalls, endless hold times, hidden fees and other everyday frustrations.
Microsoft Xbox layoffs: CEO says 'We lost 64 cents on every dollar'
Microsoft's Xbox division is eliminating approximately 3,200 jobs as part of a major business restructure. The company is resetting its strategy after experiencing slower-than-expected growth and rising costs. Xbox is also simplifying its management structure, reducing layers from fourteen down to five. Four studios, including Compulsion Games, will move to new independent ownership. Xbox expects to return to growth in 2027 and entertain over a billion people daily.
Thames Water creditors ‘will bid for company even if it is nationalised’
Group of 100 investors still discussing £10bn rescue proposal with officials from regulator Ofwat, says reportBusiness live – latest updatesThames Water’s creditors are willing to pursue their bid for the debt-laden company even if the next likely prime minister, Andy Burnham, brings it into temporary nationalisation.The group of 100 institutional investors, which hold about £14bn of Thames’s senior debt, are still discussing its £10bn rescue proposal for the struggling company with officials fr...
From fake WA stock tips to bogus trading apps: List of investment scams flagged by MHA
The ministry of home affairs (MHA) has warned citizens against a surge in online investment scams, saying cybercriminals are increasingly using messaging platforms such as WhatsApp and Telegram to lure victims with promises of quick, high and guaranteed returns.
Suspecting wife's fidelity, Karnataka man kicks infant, throws baby to floor during fight
A father has been arrested in Bengaluru for allegedly killing his infant daughter. The child died after her father reportedly kicked and threw her during an argument. Initially, the parents claimed the baby had fallen accidentally from a cot. Post-mortem examination revealed severe internal injuries inconsistent with a fall. Police are now searching for the mother who is currently absconding.
China to continue providing further assistance to quake-hit Venezuela
China is willing to continue providing further support and assistance to Venezuela according to the latest development of the disaster situation, a Chinese Foreign Ministry spokesperson said on Tuesday.
Did illegal immigration drive up US home prices? Here's what a Fed study found
A federal reserve bank of Dallas report linked rising unauthorized immigration to increased housing demand. This surge between 2021 and 2024 significantly boosted home prices and rents. The research indicated unauthorized immigrants contributed substantially to employment and housing cost growth. Residential construction lagged behind the rapid increase in housing needs. Other economic factors also influenced the US housing market during this period.
As climate change damages streets and highways, the road ahead may be expensive
Heat waves are becoming more common and intense as a result of climate change — and roads are suffering as a result. Are the nation's roads up to meeting the challenge of a warmer, wetter future?(Image credit: Mark Felix)