Global car giants flag production falls as chip shortage grips August 4, 2021 A string of global car giants warned over their production targets today as the global semiconductor shortage showed no signs of abating. General Motors (GM), Toyota, and Honda all said that vehicle output would be lower than previously estimated in the second half of the year. GM said that it would be about 100,000 cars [...]
EU carbon tax plans ‘discriminates against countries like Australia’, energy minister says August 4, 2021 The European Union seeking to impose a carbon tax on imports would be detrimental to Australia’s export industry, its Australian energy and emissions reduction minister has warned. The minister, Angus Taylor, urged against a “new wave” of European protectionism that would significantly bruise Australia’s export industry – on which a large portion of its economy [...]
Time for Shop Out to Help Out the High Street August 4, 2021 As Coronavirus restrictions are lifting and the highly anticipated ‘freedom day’ has arrived, life may feel like it’s gradually getting back to normal – but for independent retailers, it’s another story entirely. With even the well-known high street stores in disarray, how do we expect the smaller independent businesses on our high streets to power through, [...]
Labour demand answers as Marble Arch Mound is made free August 4, 2021 Labour councillors have called for an investigation into the Marble Arch Mound after its high-profile “flop” since its opening last week. The £2m project had to be closed after two days but will now reopen for rest of August, free of charge to all visitors. The Labour councillors have called for an independent investigation into [...]
CBI chief Lord Bilimoria: Workers must return to office ‘as soon as possible’ August 4, 2021 The president of the CBI has called on workers to return to the office “as soon as possible” today. Speaking to TalkRadio, Lord Karan Bilimoria said: “We should be getting back to work wherever possible, as soon as possible, as safely as possible.” Read more: Rishi Sunak: For young people, working from home is no [...]
Hearty: Kraft Heinz carried by packaged meal demand as it reinstates dividend August 4, 2021 Food giant Kraft Heinz has been carried by strong demand for snacks and packaged meals which has boosts sales and profits, pushing it past analyst forecasts. Kraft Heinz recorded net sales of $6.6bn in its second quarter to 26 June – inching past estimates of $6.5bn. The Chicago-based group is also set to reinstate a [...]
Petrol prices hit eight-year high as fuel demand surges August 4, 2021 Motorists are feeling the pinch as petrol prices hit their highest levels since 2013 after eight straight months of price rises. According to the RAC, petrol and diesel prices jumped by 3.4p and 2.7p per litre in July, meaning the former now costs 135.13p per litre. For diesel, the cost is 137.06p per litre, the [...]
European Commission urges US travel ban to be lifted for Europeans August 4, 2021 European Commission President Ursula von der Leyen, has demanded Washington lift entry restrictions for European citizens in an interview with German outlet RND published today. “We insist that there are comparable rules for travellers in both directions. The epidemiological situation in the US and the EU today is very similar,” said the EU Commission President. “We [...]
Police bosses renew call for pay increase August 4, 2021 Police bosses have renewed their calls for pay increases, telling the Home Secretary Priti Patel that they “deserve better”. Last week police representatives marched on Downing Street after it was announced that officers who earn more than £24,000 will be subject to a pay freeze this year. NHS staff will receive a 3 per cent [...]
Taylor Wimpey revenue jumps 190 per cent after building record number of homes August 4, 2021 Housebuilding group Taylor Wimpey has built a record number of homes in the past six months, which has given its revenue a well-needed uplift. The housebuilder completed some 7,303 homes in the six months to 4 July, up from 2,771 in the same period last year. Shares were up three per cent in its afternoon [...]
