business

New 2023 Honda CR-V brings upgraded hybrid and fresh design

The body is said to be 15% stiffer, while the suspension and steering have been tuned for better handling and responsiveness. As previewed in earlier images of prototypes testing on European roads, the CR-V has been extensively redesigned for what Honda calls a “stronger, more aggressive presence.” It cites inspiration from the US-market Ridgeline pick-up …

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Virgin Atlantic A330-900neo Upper Class, Retreat Suite

Virgin Atlantic has 16 Airbus A330-900neos on order, the first of which will be delivered soon. We knew that Virgin Atlantic would be installing a new business class product on these plans, and we now know what to expect. There’s even an additional surprise, as Virgin Atlantic is introducing something better than business class for …

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Neil Woodford retreats from relaunch plans as investment company is wound up

Neil Woodford has retreated from an attempt to recapture his crown as Britain’s biggest fund manager as a company meant to relaunch his career is wound up. Paperwork shows that directors at Mr Woodford’s business WCM Partners have applied to strike it from the official register, just over a year after the former star manager …

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High interest rates are temporary, says Andrew Bailey

While more rate rises are on the way, Bailey’s comment about a return to “low global equilibrium” is one of the first suggestions that the Bank expects higher rates to be short-lived. Factors such as increasing life spans have pulled down interest rates globally in recent decades as people save up more money for their …

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Attorney Jeremy Hogan Speaks on Recent “Good Outcome” in Lawsuit

According to recent updates shared by defense lawyer James K Filan in the Ripple-SEC lawsuit, “Judge Torres has Granted in Part and Denied in Part the Parties’ Requests to Seal documents in connection with the amici Motion to Participate in the Daubert proceedings. Proposed redactions are due by July 15, 2022.” #XRPCommunity #SECGov v. #Ripple …

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The magnificent euro is holding up remarkably well (for now)

The Fed is compounding the shock by draining global dollar liquidity at a net annual pace of $2 trillion, that is to say by switching almost overnight from $120bn a month of QE asset purchases to near mirror-image asset sales (QT). Ferocious tightening by the world’s superpower central bank has turbo-charged a parallel development: America’s …

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BMW starts selling heated seat subscriptions for $18 a month

BMW is now selling subscriptions for heated seats in a number of countries — the latest example of the company’s adoption of microtransactions for high-end car features. A monthly subscription to heat your BMW’s front seats costs roughly $18, with options to subscribe for a year ($180), three years ($300), or pay for “unlimited” access …

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Cost of living: Retail sales fall to rate ‘not seen since depths of pandemic’ as inflation bites | businessnews

Retail sales volumes have fallen to a rate “not seen since the depths of the pandemic”, according to industry data showing the third consecutive monthly decline as inflation eats away at household spending power. The British Retail Consortium (BRC) said the value of total sales was 1% lower in June than a year ago. That …

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