Shoemaker and three of its employees targeted by prosecutors in latest case against Italian luxury industry
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Tod’s under investigation over alleged labour abuses
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Ford UK boss warns Rachel Reeves against higher taxes on electric vehicles
Lisa Brankin says new levies could discourage switch to EVs amid reports chancellor mulling pay-per-mile charge Business live – latest updates The boss of Ford UK has warned Rachel Reeves against increasing taxes on electric vehicles in next week’s budget, saying it could discourage drivers from making the switch away from petrol and diesel cars. Lisa Brankin, the managing director of Ford UK, said it was “certainly not the right time” to introduce new levies on EVs, amid reports that the chancellor could implement a new pay-per-mile charge on electric vehicles (EVs) from 2028. Continue reading… Source link
AI bubble fears return as Wall Street falls back from short-lived rally
Leading US stock markets tumble less than 24 hours after strong results from chipmaker Nvidia sparked gains Fears of a growing bubble around the artificial intelligence frenzy resurfaced on Thursday as leading US stock markets fell, less than 24 hours after strong results from chipmaker Nvidia sparked a rally. Wall Street initially rose after Nvidia, the world’s largest public company, reassured investors of strong demand for its advanced data center chips. But the relief dissipated, and technology stocks at the heart of the AI boom came under pressure. Continue reading… Source link