Business

Elon Musk risks losing his electric car crown as Tesla rivals accelerate

And it is not only VW. General Motors and Ford, the two kingpins of the US automotive industry, have begun looking further afield than their nation’s traditional gas guzzlers. Ford has this year been marketing an electric version of its long-lived Flareside pickup truck, dubbed the F-150 Lightning, while even the throaty roar of its …

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Surge in early retirement is fueling inflation, says top Treasury mandarin

In a rare public speech, Ms Lombardelli warned the UK is one of the only countries where inactivity among older workers remains higher than pre-pandemic levels. She said: “This is a human problem. Economic inactivity can be damaging to individuals, risking lower living standards, lower retirement income, and potentially poorer physical and mental health. “It …

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Cigarette-Makers Moved To Environment-Friendly Packs Before Plastic Ban

Cigarette makers shifted to biodegradable overwrap on packets, ahead of plastic ban New Delhi: Cigarette makers have shifted from regular plastic wrapping to environment-friendly biodegradable wrapping for cigarette packs, well ahead of the single-use plastic ban, industry body Tobacco Institute of India said on Friday. Tobacco Institute of India (TII) also lauded the “proactive steps” …

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How the great British getaway became a holiday from hell

Analysts at HSBC noted that while it was “intuitive” to assume stricter immigration rules post-Brexit were the key driver of staffing shortages that have wreaked havoc on millions of British holidaymakers, there was evidence to the contrary elsewhere in the world. They said: “The US has a much tighter vacancies-to-unemployment ratio. And while airline bosses …

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Lawrence Stroll’s repair job at Aston Martin is failing

Meanwhile, repeated management shake-ups hardly give the impression of a harmonious organisation. The company is on its third chief executive in as many years after Tobias Moers, a high-profile appointee from Mercedes was strapped to the infamous Aston Martin ejector seat after reportedly ruffling too many feathers. Stroll is hopeful that successor Amedeo Felisa can …

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The three things we’re doing to try to beat inflation

Rampant inflation is showing no sign of abatement. In fact, the Bank of England recently raised its forecast for consumer prices index inflation from a 10pc peak to an 11pc high by the end of the year. In Questor’s view the Bank’s ability to forecast inflation is questionable. It has continually been behind the inflation …

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California sets nation’s toughest plastics reduction rules

SACRAMENTO, Calif. (AP) — Companies selling shampoo, food and other products wrapped in plastic have a decade to cut down on their use of the polluting material if they want their wares on California store shelves. Major legislation passed and signed by Gov. Gavin Newsom on Thursday aims to significantly reduce single-use plastic packaging in …

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UK-based startup Tevva launches hydrogen-electric truck

UK-based startup Tevva on Thursday launched a hydrogen-electric heavy goods vehicle, becoming the latest company to make a play in a sector attracting interest from multinationals like Daimler Truck and Volvo. According to Tevva, which says it has raised $140 million in funding, its vehicle will have a range of as much as 310 miles, …

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Emmanuel Macron’s ‘grand bargain’ with Germany lies in tatters

Mr Macron’s implicit bargain with Germany and EU elites five years ago was that he would ram through a Thatcherite shake-up, sugared by cultural Leftism. It was to be a Gallic variant of Gerhard Schröder’s Hartz IV agenda in the early 2000s, the reforms that propelled Germany from sick man of Europe to lean competitor, …

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How Heinz provoked Tesco in the battle of the beans

The costs of rival brands have risen less sharply. Branston beans are up by an average of 6.7pc since last May, the data showed, and own-label ketchup is up just 6.3pc across retailers since last summer. “In all fairness to Heinz, who knows what issues they’ve actually got?” says one canned foods importer, adding that …

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