Breadcrumb Trail Links PMN Business Automotive powerhouse is under pressure to step up its electric-vehicle strategy, and fast. Author of the article: Bloomberg News Monica Raymunt, William Wilkes and Stefan Nicola Published Sep 10, 2023 • 9 minute read Join the conversation Article content (Bloomberg) — Shortly after taking the most important job in German […]
Article content (Bloomberg) — Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks. The group has seen paper profits of nearly $13 billion this year by wagering on a drop in the prices of small-, micro- and nano-cap shares, according to an […]
Article content OMAHA, Neb. (AP) — Federal inspectors said they found an alarming number of defects in the locomotives and railcars Union Pacific was using at the world’s largest railyard in western Nebraska this summer, and the railroad was reluctant to fix the problems. Federal Railroad Administrator Amit Bose wrote a letter to UP’s top […]
No new offshore wind project contracts have been bought by developers at a key government auction, dealing a blow to the UK’s renewable power strategy. Results showed no bids for new offshore wind farms, but there were deals for solar, tidal and onshore wind projects. Firms have argued the price set for electricity generated was […]
The government is “flying blind” on its exposure to fraud, which has quadrupled since the start of the Covid-19 pandemic, MPs have said. The cross-party Public Accounts Committee (PAC) also said that while most of the £21bn of taxpayers’ money lost to fraud during the pandemic is unlikely to be recovered, the government should be […]
Rishi Sunak has signalled there is optimism the UK can conclude a trade deal with India after saying the two countries can “work through” the final negotiation hurdles. Statements made by the Prime Minister and No 10 following a meeting with Indian prime minister Narendra Modi on the fringes of the G20 summit suggested fresh […]