The Notebook: Andy Silvester on why John Lewis’s next boss would do well to take a shift on the tills October 3, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s our editor Andy Silvester with the pen Whoever replaces White would do well to take a shift on the tills Driving alongside Lake Bala, on the edges of Snowdonia, this intrepid Londoner got a shock at the weekend: an entrance [...]
Tesla misses delivery targets as factory shutdowns hit production October 2, 2023 Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories forced production halts, sending its shares down 2.4 per cent in early trading. The electric vehicle maker handed over 435,059 vehicles in the three months to 30 September, down nearly seven per cent from the preceding quarter, but said its target [...]
Stocks and sandals: Birkenstock targets over $9bn valuation in US IPO October 2, 2023 Birkenstock said today that it is seeking a valuation of up to $9.2bn in its highly anticipated US initial public offering.
War with Taiwan would ‘collapse the Chinese economy’, Cleverly tells Tory conference October 2, 2023 China’s economy would collapse if it went to war with Taiwan, James Cleverly said, as he defended his policy of “clear eyed” engagement with Beijing. The Foreign Secretary said concerns about the strength of China’s economy were already forcing the ruling Communist Party to change course. Cleverly became the first UK Foreign Secretary to visit [...]
EU reaffirms ‘unwavering’ commitment to Ukraine – amid suggestions of ailing support October 2, 2023 Some of Europe’s top diplomats are gathered in Kyiv in a display of support for Ukraine’s fight against Russia’s invasion as signs emerge of political strain in Europe and the United States over the war. European Union foreign ministers converged on the Ukrainian capital for an unannounced informal meeting that officials said would review the [...]
Jeremy Hunt admits he flew to Manchester Tory conference from London October 2, 2023 Jeremy Hunt has admitted he flew to Manchester from London for the Conservative Party conference rather than taking the train. The Chancellor blamed a train cancellation due to industrial action for choosing the carbon-intensive mode of transport. It comes as train drivers are striking on the start and end dates of the Tory gathering in [...]
Hunt rules out chunky tax cuts before the election as they’d ‘compromise’ inflation fight October 2, 2023 Chancellor Jeremy Hunt has argued that sizeable tax cuts this year would “compromise” the battle against inflation as colleagues piled on the pressure for a pre-election giveaway. The Cabinet minister said on Monday he and Rishi Sunak were prioritising the pledge to halve prices before carrying out tax cuts in any “substantial way”. As Tory [...]
Top lawyer: Bank crypto transaction ban ‘about protecting themselves’ October 2, 2023 British banks could face criticism if they follow in the footsteps of JP Morgan’s Chase, which moved to block cryptocurrency payments for its UK customers, a banking lawyer has said.
The Notebook: Guy Hands on why the phrase ‘dead as a dodo’ hits different these days October 2, 2023 Today, Guy Hands, founder of private equity giant Terra Firma Capital Partners, takes the Notebook pen Prime Minister Rishi Sunak is correct in saying that previous governments were not honest with the public about the trade-offs required to hit our climate targets. However I don’t agree with how he has dealt with the issue. McKinsey [...]
US Congress averts government shutdown, passing stopgap bill October 1, 2023 The US Congress has managed to avert a government shutdown after it passed a stopgap funding bill late on Saturday, which received overwhelming Democratic support.
