Ford is slashing another 4,000 jobs in Europe as it struggles to keep pace with the market’s shift to electric vehicles (EVs). The American automaker said a “highly disruptive” EV market and new competition are causing significant losses in the region. Ford’s announcement comes as China’s leading EV maker, BYD, is quickly catching up in
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Jonathan Raa | Nurphoto | Getty Images Bitcoin advanced past $94,000 on Wednesday for the first time as traders continued to monitor President-elect Donald Trump’s transition back to the White House and weighed early options trading on bitcoin ETFs. The price of the cryptocurrency was
The UK will scrap five warships, dozens of military helicopters and a fleet of drones to save money despite growing threats from Russia and a war raging in Europe. John Healey, the defence secretary, announced the dramatic move in parliament on Wednesday, saying it would save up to half a billion pounds over the next
A study conducted at the University of Birmingham has identified the precise shape of a single photon, reshaping how interactions between light and matter at the quantum level are understood. The study detailed in Physical Review Letters tells us how photons, or particles of light, are emitted and influenced by their surroundings, offering possibilities for
Ford has announced plans to cut 4,000 jobs across Europe – including 800 in the UK. The car manufacturer said the cuts are needed as part of plans to bolster its competitiveness amid the stuttering drive to an all-electric vehicle (EV) future that has hit sales. Ford said the cuts would take place over the
Angela Rayner has criticised “scaremongering” over Labour’s reforms to inheritance tax on farms. The deputy prime minister had to defend the government’s changes to the levy in a bruising House of Commons session, as she stood in for Sir Keir Starmer while the prime minister was away at a G20 summit. It came a day
Donald Trump has chosen TV host Dr Oz to lead the Centers for Medicare and Medicaid Services (CMS). Celebrity heart surgeon Dr Mehmet Oz rose to prominence working on Oprah Winfrey’s leading daytime television show before getting his own long-running series. But how has he gone from TV personality to Donald Trump’s choice for overseeing
Mourners including Liam Payne’s One Direction bandmates and his girlfriend Kate Cassidy have gathered to say goodbye at his funeral. Harry Styles, Louis Tomlinson, Niall Horan and Zayn Malik are among the family and friends attending the private ceremony, which is taking place at a church in the Home Counties. Simon Cowell, who put the
Volkswagen Group Africa has officially begun production of a modern electric farm tractor at its multifunctional facility in Gashora, Rwanda in a bid to advance modern, low-emission agricultural initiatives in Africa. Part of a larger Rwandan initiative called the GenFarm Project, the new VW tractor is part of a “holistic ecosystem” of electrified farming machinery set
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Wall Street on Tuesday monitored growing geopolitical concerns after Ukraine carried out a strike on Russia using American-made missiles. The S & P 500 cut its losses in midmorning
Rafael Nadal soaked up the emotion of a memorable but bittersweet evening in Malaga as his professional career came to an end. The 38-year-old opted to make the Davis Cup Finals his last event having accepted last month that his body would no longer allow him to compete at the highest level. Spanish fans, some
In this article QCOM Follow your favorite stocksCREATE FREE ACCOUNT Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm said on Tuesday that it expects its so-called internet of things business to more than quadruple in sales by 2029 to around $22 billion. Of
Elon Musk’s SpaceX has successfully performed another launch of its Starship rocket in front of President-elect Donald Trump, but the test flight did not go perfectly. The 400ft (122m) high rocket system, designed to land astronauts on the moon and ferry crews to Mars, lifted off from Boca Chica, Texas. The first stage, called Super
Jaguar has left people scratching their heads with a new glossy advert which fails to show any cars. The British luxury vehicle maker has released a commercial featuring a series of models, in brightly-coloured clothing, emerging from a lift into an austere landscape. They are then seen in various poses as different slogans appear on
The prime minister marked the 1,000th day of the war in Ukraine tending to global affairs at the G20 summit in Rio de Janeiro. Over the two days of our trip to Brazil, the PM wanted to talk about “doubling down” on support for Ukraine, opening a “serious and pragmatic” dialogue with President Xi Jinping
An ice alert for the South East and West Midlands is among new weather warnings now in force across the UK. Wintry conditions caused widespread travel problems on Tuesday and forced more than 200 schools to close. Forecasters say the difficult conditions will last until Wednesday morning, raising the prospect of a tricky rush hour
A 2,600-year-old inscription engraved on a monument in Turkey, known as Arslan Kaya or “lion rock,” has been deciphered, according to research by Professor Mark Munn of Pennsylvania State University. This ancient carving, which has endured significant damage from weathering and looting, contains references to Materan, a goddess revered by the Phrygians, an ancient civilisation
Russia has been accused by European governments of escalating hybrid attacks on Ukraine’s Western allies after two fibre-optic telecommunication cables in the Baltic Sea were severed. “Russia is systematically attacking European security architecture,” the foreign ministers of the UK, France, Germany, Italy and Poland said in a joint statement. “Moscow’s escalating hybrid activities against NATO
Associated Press Nov 19, 2024, 11:24 AM ET Open Extended Reactions CHARLOTTE, N.C. — Roush Fenway Keselowski Racing will field a third car in the Cup Series in 2025, with Ryan Preece joining the team in the No. 60 Ford. Preece will pair with Brad Keselowski and Chris Buescher in the team’s three-car lineup, the
Xiaomi SU7 (Source: Xiaomi) China’s Xiaomi has reported a 30.5% growth in third-quarter revenue for its EV business, with the company also bumping up its yearly delivery target for the SU7 series EVs to 130,000 units. Back in May, Xiaomi – the world’s third-largest smartphone maker – had said that it planned to build 100,000
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