General Motors is preparing for an all-electric future as the automaker announced Friday it would be investing $760 million into its Toledo, Ohio, plant as it gets the facility ready to produce drive units for future GM EV trucks. The automaker has been active these past few months as it gears up for what’s expected
A Microseismic truck in a West Texas oil field. Microseismic In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. By 2013, when Microseismic was selected for the inaugural CNBC Disruptor 50 list, it was pretty far from the “start” in startup, already in its
1:38 PM BST Chris Farrell will not be involved with Munster while legal proceedings are ongoing in France relating to a case of alleged rape in which the Ireland international is an alleged witness, the club said on Friday. The case dates back to 2017 when Farrell, 29, was playing for Top 14 side Grenoble.
The southern counteroffensive by the Ukrainians to recapture the city of Kherson has been known about but unseen. The entire frontline has been closed to everyone for over two weeks, indeed it’s been shrouded in secrecy. After days of negotiation the military relented and allowed Sky News to the Kherson frontline to see what has
It may have been billed a mini-budget, but what Kwasi Kwarteng announced on Friday was massive. A package of tax cuts on a scale not seen for half a century, paid for through borrowing at increasingly expensive rates in the hope that it will deliver better growth. This is an administration that promised “shock and
The exodus from Russia in the wake of Vladimir Putin’s call-up of 300,000 reservists continues, with people scrambling to escape to neighbouring countries. Thousands are fleeing to avoid being sent to fight in Ukraine after the Kremlin declared a partial mobilisation. One businessman flew to Istanbul, Turkey, on Friday after he decided not to wait
The chancellor has denied suggestions he is gambling with the economy as his raft of tax cuts were met with a hostile reception – and sent the pound plummeting to a 37-year low. The Institute of Fiscal Studies (IFS) said he was “betting the house” by putting government debt on an “unsustainable rising path”. Only
In this article GOOG Follow your favorite stocksCREATE FREE ACCOUNT Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. Fabrice COFFRINI | AFP | Getty Images As Google tries to navigate an unfamiliar environment of slowing growth, cost-cutting and employee dissent over
The growth plan outlined by the chancellor to lift the UK from the depths of the cost of living crisis and back to prosperity has been met with horror on financial markets, with the pound taking a particular hammering late in the day. Sterling, bonds and share values all fell sharply in the wake of
Sky News has seen the evidence of Russia’s hasty retreat in eastern Ukraine – abandoned weapons, wrecked trucks and supplies. Izyum was recaptured from the Russians earlier this week, with the Kraken Regiment playing a key role in the battle. Sky’s Deborah Haynes has the latest from there. Read more here: https://news.sky.com/story/ukraine-war-russian-military-might-is-a-big-fake-crack-volunteer-unit-spearheads-liberation-of-key-city-12697702 #skynews #ukraine #russia
Tom Barrack, one of President Donald Trump’s close friends and former chairman of his inaugural committee, was interviewed by the special counsel’s team last December, a source familiar with the matter told CNN.
Double Booker Prize winner Dame Hilary Mantel, author of the epic Wolf Hall trilogy, has died aged 70. In a statement, her publisher 4th Estate books said: “We are heartbroken at the death of our beloved author, Dame Hilary Mantel, and our thoughts are with her friends and family, especially her husband, Gerald. “This is
In the end, Kwasi Kwarteng’s statement indeed cost more than £2 billion a minute and turned politics on its head. Threads that linked the three preceding Tory governments since 2010 were severed, while slogans, billboards and arguments about what it has meant in recent years to vote Conservative clattered into the waste bin. The new
Specks of dust retrieved by a Japanese space probe from an asteroid some 300 million kilometres from Earth have revealed a surprising component: a drop of water, scientists said Friday. The discovery offers new support for the theory that life on Earth was seeded from outer space. The findings are in the latest research to
Officials in Alabama have halted the lethal injection execution of a prisoner on death row because they couldn’t find a vein before the midnight deadline. Alabama corrections commissioner John Hamm said the decision to call off the scheduled execution of Alan Miller was made after it became clear they could not get the process under
Income tax will be cut by one penny, Chancellor Kwasi Kwarteng has announced, as part of a raft of measures aimed at boosting economic growth. The reduction in the basic rate from 20% to 19% will be introduced in April 2023 – one year earlier than planned. At the same time, the 45% top rate
RuPaul’s Drag Race UK star George Ward, known by his stage name Cherry Valentine, has died at the age of 28, his family have announced. Ward appeared on the second series of the show before launching a TV career and fronting the BBC documentary Gypsy Queen And Proud. A statement from his family said: “It
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. Sponsored by Recurrent: Get a free Range Score then monitor your EV battery performance with fresh insights each month. US listeners can get started by entering their VIN or license
Tesla electric cars photographed in Germany on March 21, 2022. According to the International Energy Agency, electric vehicle sales are on course to hit an “all-time high” this year. Sean Gallup | Getty Images News | Getty Images Electric vehicle sales are on course to hit an all-time high this year, but more work is
Here are the key points from Chancellor Kwasi Kwarteng’s mini-budget statement to MPs: • The basic rate of income tax will be cut to 19p in the pound from April 2023. Will mean 31 million people will be better off by an average of £170 per year. • The 45% higher rate of income tax