November 19, 20240 Comments

Nebraska files antitrust lawsuit against heavy-duty truck manufacturers over EV push By Reuters

(Reuters) – Nebraska Attorney General Michael Hilgers on Tuesday filed an antitrust lawsuit against some of the largest heavy-duty truck manufacturers accusing them of limiting the availability of diesel-powered semi-trucks in a shift to electric trucks. The lawsuit says the truck makers are engaged in “an industry-wide conspiracy to completely phase out medium and heavy-duty ICE vehicles” to comply with California’s regulations that aim to essentially eliminate semi-trucks with internal

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November 13, 20240 Comments

JD Sports and Fullers warn Budget will push up prices

Prices in shops and pubs will rise as a result of tax rises on businesses announced in the Budget, two bosses have warned. Andy Higginson, chair of JD Sports and the British Retail Consortium, which represents supermarkets, said tax increases from April, including a rise in National Insurance, would lead to a jump in costs for shoppers. Higher drinks prices could show in as little as six months, added Simon

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November 10, 20240 Comments

Biden will push Trump to back Ukraine in transition meeting: Adviser | Russia-Ukraine war News

United States President Joe Biden will try to convince President-elect Donald Trump not to pull support from Ukraine when he takes office, the outgoing president’s national security adviser has said. Biden will make his pitch to Trump, who has repeatedly bashed US aid to Ukraine, when the two meet on Wednesday for a White House transition meeting, Jake Sullivan said in an interview with the CBS News programme Face the

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November 9, 20240 Comments

Sainsbury’s and M&S warn Budget changes may push up prices

Shoppers could face higher prices as a growing number of big British firms warn about the cost of the National Insurance (NI) tax rises on employers announced in last week’s Budget. Sainsbury’s, Marks & Spencer and BT have all hinted at price rises, while pub chain Wetherspoons said “all hospitality business” will increase prices as a result of the tax changes. Meanwhile, Primark’s owner said on Tuesday it may invest

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November 9, 20240 Comments

Exclusive-Singapore’s DBS eyes Malaysian bank stakes in expansion push, sources say By Reuters

By Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s biggest lender DBS Group Holdings Ltd (OTC:) is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest banks by assets, two sources said. DBS is exploring a purchase of Singapore state investor Temasek’s 29.1% stake in Alliance Bank Malaysia Bhd, said the two sources with knowledge of the matter, a

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