Rising Gas Prices Provide Fodder for Republican Criticism of Biden
The big headache of President Biden’s Summer of 2022 — high gasoline prices — may once again bedevil him this week. Gas prices jumped by about 25 cents a gallon …
BUSINESS
A moonshot against the obesity and diabetes pandemics
A s a doctor and chief medical officer at one of the world’s largest reinsurers, I’ve tracked the tidal wave of obesity and diabetes that’s been cresting for decades. Still, …
Biden’s Climate Law Is Reshaping Private Investment in the United States
Private investment in clean energy projects like solar panels, hydrogen power and electric vehicles surged after President Biden signed an expansive climate bill into law last year, a development that …
European Union Will Investigate Chinese Subsidies of Electric Cars
The European Union will begin an investigation into Chinese subsidies of electric vehicles, the bloc’s top official announced Wednesday, in a move that highlights Europe’s growing industrial and geopolitical competition …
Zara parent firm posts profit jump after strong sales
Z ara owner Inditex has revealed a sharp rise in profits on the back of strong sales of its spring-summer product lines. The world’s largest fashion business, which also owns …
Redrow guides profits to fall as mortgage crisis hits home sales
R edrow has became the latest major UK homebuilder to lay bare how the mortgage crisis is hurting trade, with the company warning sales and profits are expected to tumble …
Gannett Is Looking for a Taylor Swift Reporter
Gannett, the largest newspaper chain in the United States, announced on Tuesday that it would hire a reporter to cover one of the biggest names in music: Taylor Swift. As …
‘Recession may have begun’ as UK economy shrinks by 0.5% in July
T he British economy shrank by 0.5% in July, with the summer washout and strikes hit GDP, as economists warned a recession this year is “increasingly likely”. Economists predicted GDP …
The AI Hype Train Has Stalled in China
That, along with the cost of computing power, makes it difficult for startups like Xie’s to build the kind of huge, sweeping models that their equivalents in the US are …
FTSE 100 Live: UK GDP down by 0.5%, BP CEO quits, Arm IPO
1694584898 UK GDP shrinks by 0.5% UK GDP fell by 0.5% in July, faster than expected, as bad weather held the economy back. A decline had been widely expected, with …