“In today’s data, the slowdown in rice price hikes and the drag from energy were pretty significant, and it really feels like policy factors pushed down the overall figure,” said Harumi Taguchi, principal economist at S&P Global Market Intelligence. “Going forward, since import prices have been coming down, the upward pressure isn’t as strong as […]
The High Court trial between PPE Medpro and the Department of Health and Social Care (DHSC) resumed on day eight with a forensic focus on the statistical credibility of the government’s gown sterility tests — tests that underpin its £122 million claim that PPE Medpro breached contract by supplying non-sterile surgical gowns. In a day […]
Electric carmaker struggles as consumers turn to cheaper rivals amid a backlash against Elon Musk Tesla sales in Europe fell for the fifth consecutive month in May even as demand for electric cars continued to increase. The electric carmaker sold 8,729 vehicles across the European Union last month, figures from the European Automobile Manufacturers Association […]
Aston Martin is set to restart car exports to the United States next week after a three-month pause triggered by President Trump’s shock “liberation day” tariffs, with its chief executive warning that political inconsistency is wreaking havoc across the automotive industry. Adrian Hallmark, who took over as CEO of the London-listed luxury carmaker earlier this […]
Tesla has been knocked off its perch in the European electric vehicle (EV) market, with Skoda outselling the US giant in May amid growing consumer demand for more affordable alternatives and a backlash against Elon Musk. According to market researchers at DataForce, the Czech carmaker — long the butt of automotive jokes but now a […]
High earners in the UK are facing a sharp rise in tax investigations as HM Revenue & Customs (HMRC) intensifies scrutiny of the wealthiest Britons following a record-breaking year for compliance revenue. A Freedom of Information request by accountancy firm Pinsent Masons has revealed that HMRC’s wealthy and mid-sized business compliance directorate raised more than […]