Money

Honda and Nissan announce plans to merge after Japanese auto giants struggle to compete with rivals in electric vehicles | Money News Aitrend

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Honda and Nissan announce plans to merge after Japanese auto giants struggle to compete with rivals in electric vehicles | Money News Aitrend

Japanese automobile giants Honda and Nissan have announced plans to merge. That would make it the third-largest automaker by sales, behind Toyota Motor Corp and Volkswagen AG. The two companies announced that they had signed a memorandum of understanding that would also include smaller companies. Nissan Alliance member Mitsubishi Motors is participating in the integration … Read more

UK economy showed no growth in final quarter, revised figures show | Money News Aitrend

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UK economy showed no growth in final quarter, revised figures show | Money News Aitrend

The UK economy showed no growth last quarter, according to revised figures from the Office for National Statistics (ONS). The previous estimate for July and September indicated that the economy grew by 0.1%. Early estimates show that real GDP per capita fell by 0.2% in the third quarter of 2024, down 0.2% from the same … Read more

Bank of England governor to join Reeves on key China visit | Money News Aitrend

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Bank of England governor to join Reeves on key China visit | Money News Aitrend

Bank of England Governor Andrew Bailey will join Rachel Reeves on a visit to China next month aimed at strengthening financial services trade ties between the two countries. Sky News has learned that Mr Bailey and Nikhil Rathi, chief executive of the Financial Conduct Authority, will both accompany the chancellor during the January trip. Mr … Read more

Electric cargo bike company Zedify seeks to recruit new backers | Money News Aitrend

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Electric cargo bike company Zedify seeks to recruit new backers | Money News Aitrend

An electric cargo bike logistics company, which counts fashion giant Zara among its partners, has launched an emergency search for new backers. Sky News has learned that Zedify, which has raised millions of pounds from investors including Barclays Sustainable Impact Capital, was working with Interpath Advisory on a review of its funding options. Zedify claims … Read more

Bank of England maintains ‘gradual’ cut outlook as interest rates held | Money News Aitrend

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Bank of England maintains ‘gradual’ cut outlook as interest rates held | Money News Aitrend

The Bank of England has maintained its forecast for “gradual” interest rate cuts for next year, after surprisingly backing a cut this month. Its pricing committee, while deciding to keep Bank interest rate maintained at 4.75%, noted higher than expected salary increases and inflation despite a slowdown in the economy in the second half. However, … Read more

Retail giants prepare new Treasury warning over retail jobs | Money News Aitrend

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Retail giants prepare new Treasury warning over retail jobs | Money News Aitrend

Retail giants including Asda, Marks & Spencer, Primark and Tesco will host a New Year’s campaign to warn Rachel Reeves that plans to increase business rates in department stores will put jobs and workers at risk. stores. Sky News has learned that some of Britain’s biggest chains – which also include J Sainsbury, Morrisons and … Read more

Tesla recalls nearly 700,000 vehicles over tire pressure problem | Money News Aitrend

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Tesla recalls nearly 700,000 vehicles over tire pressure problem | Money News Aitrend

Tesla has recalled nearly 700,000 of its electric vehicles due to a problem with the tire pressure monitoring system warning light. Its light may fail to stay on between drive cycles, which fails to warn the driver of low tire pressure and increases the risk of a crash, the automaker said. The issue affects certain … Read more

Europe’s top club body rejects ‘disruptive’ Super League relaunch bid | Money News Aitrend

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Europe’s top club body rejects ‘disruptive’ Super League relaunch bid | Money News Aitrend

The group which represents hundreds of European football teams, including Liverpool, Manchester City and Bayern Munich, has rejected the latest attempt to revive a European Super League project, calling it a “disruptive” campaign led by ” interested separatist clubs.” Sky News has obtained a memo distributed to the board of directors of the European Club … Read more

Whether Ofwat’s action will work will be measured by the health of waterways and companies’ balance sheets | Money News Aitrend

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Whether Ofwat’s action will work will be measured by the health of waterways and companies’ balance sheets | Money News Aitrend

Southern Water may not be able to guarantee that water comes out of its customers’ taps, but whoever it is, they know how to use a metaphor. The day almost 60,000 Hampshire residents faced having to queue for fresh water until the weekend the company, already £6bn in debt, was told can increase bills by … Read more

Thames Water fined £18m by Ofwat for breaching shareholder payment rules | Money News Aitrend

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Whether Ofwat’s action will work will be measured by the health of waterways and companies’ balance sheets | Money News Aitrend

The UK’s largest water company has been fined £18.2m for “unjustified” dividends which the regulator said broke shareholder payment rules. Thames water has been hit with a penalty by water regulator Ofwat over £195.8 million in dividends paid in October 2023 and March 2024. This is the first time Ofwat has used such enforcement powers … Read more