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People

  • Tesla takes a hit after Saudi fund invests $1bn in rival Lucid Motors

    September 17, 2018

    Tesla shares dipped this afternoon after Saudi Arabia's sovereign fund pumped $1bn into rival Lucid Motors.  Shares fell by two per cent today after it was revealed that the Public Investment Fund of Saudi Arabia (PIF) would help launch the Silicon Valley company's first electric vehicle, the Lucid Air, in 2020, but recovered to $300 later in the afternoon.  Read more: [...]

  • Brexit: EU has let ‘cat out of the bag’ over Irish border solution, claims Theresa Villiers

    September 17, 2018

    The EU has been accused of letting the "cat out of the bag" after a leaked Brussels document suggested technology could solve the Irish backstop issue in the Brexit talks. It has been reported the EU chief's negotiator Michel Barnier is prepared to accept technology could be used to monitor goods moving between Northern Ireland and mainland [...]

  • Fiddling while America burns? Trump is today’s emperor Nero

    September 17, 2018

    America was ablaze this summer. At one point in August, there were more than a hundred major active wildfires burning, as global temperatures soared to record highs. Meanwhile, the US President was rolling back climate regulations and undermining international efforts to slow down global warming. Donald Trump, claimed former Obama adviser David Axelrod, “is literally [...]

  • Trump reportedly set to announce new tariffs on China

    September 16, 2018

    US President Donald Trump is preparing to announce new tariffs on imports from China worth $200bn (£153bn), according to reports. Tariffs of around 10 per cent will be imposed on electronic goods such as internet technology products, printed circuit boards, and other electronics, the Wall Street Journal reported, citing White House sources. A decision could [...]

  • Sports Direct denies reports Mike Ashley may block sale of Debenhams’ Danish arm Magasin du Nord

    September 16, 2018

    Sports Direct have this evening denied reports its boss Mike Ashley is attempting to block a sale of Debenhams' Danish business Magasin du Nord.  Reports suggested Ashley had threatened to halt the £200m of the business by Debenhams, in which he already has a 30 per cent stake, in the hopes of forcing the business into [...]

  • Theresa May ‘irritated’ by talk of leadership challenges

    September 16, 2018

    Prime Minister Theresa May has said she gets “irritated” by speculation about her position as leader of the Conservative Party, as she heads towards a crucial crunch meeting with EU leaders later this week. In an interview to mark six months until Britain is due to leave the European Union, May slapped down former foreign [...]

  • London mayor Sadiq Khan joins calls for second referendum on Brexit

    September 16, 2018

    The mayor of London, Sadiq Khan, has joined calls for a second referendum on the UK’s membership of the European Union, claiming the Conservative Party has been left with only “incredibly risky” options for Brexit. Khan, one of the Labour Party’s highest-ranking politicians, wrote in The Observer that an opportunity for the “best possible” Brexit [...]

  • Mark Carney says Chequers-style Brexit could ‘bounce’ UK economy by £16bn

    September 15, 2018

    Bank of England (BoE) governor Mark Carney has said the UK economy could enjoy a £16bn "bounce" if Britain negotiates a trade deal along the lines of Theresa May's Chequers proposal. Details have emerged from a leaked cabinet meeting in which the Bank of England boss revealed he thought May's plan, which seeks a free trade area [...]

  • Elon Musk’s Space X signs up first private moon flight passenger

    September 14, 2018

    Space X has announced that it has signed up the first private passenger to fly around the moon on its new Big Falcon Rocket launch system. Elon Musk's company said it was a crucial step towards a future of everyday space travel. Read more: 'It's legal, right?' Elon Musk smokes weed on podcast The rocket [...]

  • Russia would consider UK request to interview Novichok suspects

    September 14, 2018

    The Kremlin today said it will consider any request made by the UK to question two Russian men allegedly behind the nerve agent attack in Salisbury. "Without doubt if such a request is made it will be looked at by the Russian side in strict accordance with Russian law,” said Dmitry Peskov, President Vladimir Putin's spokesperson. [...]

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