The government will host hundreds of international businesses on Monday at its inaugural business summit, in the hope of encouraging investment in the UK that will underpin its growth strategy.The all-day event at London’s Guildhall, topped off by an evening reception at St Paul’s Cathedral hosted by King Charles, will include the prime minister “in conversation” with the former Google chief executive Eric Schmidt, “moderated” by Emma Walmsley, the chief executive of pharmaceutical firm GSK.Keir Starmer and the chancellor, Rachel Reeves, will address the summit, which will be livestreamed on the social networking site LinkedIn.Other panels will involve the chief…
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The 2025 Acura MDX emerges as a strong contender in the mid-sized luxury SUV segment, thanks to its spacious interior and advanced technology features. This vehicle offers an appealing mix of luxury and practicality, catering to those who desire a comfortable ride with plenty of room for passengers and cargo. Acura has made notable enhancements to its infotainment system, improving usability and overall user experience. However, while the MDX boasts an abundance of features and space, some drawbacks include a somewhat underwhelming powertrain and less-than-ideal fuel efficiency when compared to competitors. Currently, prospective buyers can benefit from a leasing offer…
Luftgekühlt, which translates to “air-cooled” in German, is a celebration dedicated to the iconic Porsche brand, particularly its classic models that utilize air-cooled engines. This distinctive engineering approach, which lasted until 1998, eschewed water-based cooling methods, relying solely on air and oil to maintain optimal operating temperatures. The name itself not only reflects a key characteristic of these vehicles but also connects with the majority of Porsches from this era, which are primarily rear-engined. Thus, Luftgekühlt embodies the spirit of Porsche, highlighting the uniqueness and history of these cars. The recent Luftgekühlt event attracted thousands of enthusiasts who gathered to…
Image source: Getty Images FTSE 100 heavyweight Imperial Brands (LSE: IMB) is paying a total dividend for full-year 2024 of 153.42p. This is a 4.5% increase on 2023’s payment and gives a yield on its current £22.65 share price of 6.8%. By comparison, the average FTSE 100 yield right now is 3.5% and the FTSE 250’s is 3.3%. That said, consensus analysts’ expectations are for the payout to increase to 161.8p in 2025, 171.1p in 2026, and 182.6p in 2027. These dividends would produce respective yields in those years of 7.1%, 7.6%, and 8.1% based on the present share price.…
A look at the day ahead in European and global markets from Rae Wee Beijing’s latest stimulus pledges were met on Monday with a mixed and volatile response in Chinese stocks, with investors showing no consensus view on promises over the weekend that were long on intent but short on details. Hong Kong … Source link
BANGKOK (AP) — Asian shares gained ground on Monday, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy.U.S. futures were little changed and oil prices retreated.China’s finance minister said Saturday that the government was looking at additional ways to boost the economy, but he didn’t give details of a major new stimulus plan. Stock investors and analysts have been hoping for a plan of up to 2 trillion yuan, or about $280 billion.But any expressions of support tend to push prices higher, and the…
A recent report by the Alliance for Automotive Innovation highlights a significant decline in the market share of internal combustion engine (ICE) vehicles during the first half of 2024, with a decrease of 2.3%. Although ICE vehicles still represent a majority of new car sales, their dominance is waning as consumers increasingly opt for hybrids, plug-in hybrid electric vehicles (PHEVs), and electric vehicles (EVs). The report underscores a broader shift in consumer preferences toward more environmentally friendly and technologically advanced vehicles. The situation regarding vehicle sales has changed dramatically over the past decade. In 2016, ICE vehicles accounted for approximately…
Sphere Entertainment Co. (NYSE:SPHR), previously known as Madison Square Garden Entertainment (NYSE:) Corp., has entered into a forbearance agreement with its lenders, as disclosed in a recent SEC filing. The agreement, dated today, involves MSGN Holdings, L.P., a wholly owned subsidiary of Sphere Entertainment, and pertains to the company’s outstanding term loan. According to the filing, the agreement was reached with JPMorgan Chase (NYSE:) Bank, N.A., acting as the administrative agent, along with certain lenders (Supporting Lenders) under the original credit agreement dated October 11, 2019. The Supporting Lenders have agreed to temporarily suspend exercising their rights related to the…
Wise investors should keep their eyes fixed on India and its booming startup ecosystem, which is the third largest as of 2024. Since Prime Minister Shri Narendra Modi began the Startup India initiative in January 2016, funding for the country’s startups has increased 15-fold. The coming year promises even more growth for this ecosystem, with valuation projections of more than $450 billion by 2025. These startups cover a vast range of emerging sectors and are vital contributors to India’s transformation into a fully developed nation. Combined with strong government and corporate support and increased ease of business, India has created…
Hyundai Motor Company and Waymo have announced a strategic partnership aimed at advancing autonomous driving technology. This multi-year collaboration will initially focus on integrating Waymo’s sixth-generation self-driving system, known as the “Waymo Driver,” into Hyundai’s IONIQ 5 electric SUV. These modified vehicles will be added to Waymo’s expanding ride-hailing fleet, enabling the company to enhance its service offerings in various locations. Production of these vehicles will take place at Hyundai’s new electric vehicle manufacturing facility in Georgia, with plans to begin on-road testing by late 2025. The implications of this partnership extend beyond improving ride-hailing services. While the initial goal…