Porsche profits crash after costly EV strategy U-turn
The automaker’s operating profits plunged nearly 93% after scrapping an all-electric vehicle program German luxury carmaker Porsche AG has reported a sharp drop in operating...
US borrowed $1 trillion in five months
Over $430 billion has been spent to service the debt, which is approaching $39 trillion, the Congressional Budget Office states The US government has borrowed...
Green hydrogen plant to be built in Milford Haven with government backing
A new green hydrogen production facility is set to be built in Milford Haven, Wales, marking a significant development for the UK’s emerging low-carbon hydrogen...
Revolut launches UK bank after regulatory approval
Digital banking giant Revolut has officially launched its UK bank after receiving regulatory approval from the Prudential Regulation Authority (PRA), marking a major milestone in...
Oil price climbs above $90 after ship attack in Strait of Hormuz
Global oil prices have climbed back above $90 a barrel after a cargo vessel was struck by a projectile in the Strait of Hormuz, intensifying...
Churchill to be replaced by wildlife on future Bank of England banknotes
Sir Winston Churchill and other historic figures currently featured on British banknotes are set to be replaced by wildlife under plans announced by the Bank...