The battle against inflation could receive a boost – if a big fall in global oil costs is sustained. Brent crude futures fell by 4% on Tuesday to levels not seen since July on the back of data that suggested demand would continue to slide in China – the world’s second biggest economy. Brent was
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Toyota is losing out as the world’s largest auto market accelerates its shift to EVs. The Japanese automaker informed dealers that it plans to cut production in China with one of its joint ventures. As China leads the auto industry’s transition to electric cars, several automakers are being squeezed out of the market. Japan’s Toyota
Maxim Shemetov | Reuters Saudi state oil giant Aramco posted a 23% drop in net profit in the third quarter, down to $32.6 billion attributable to “the impact of lower crude oil prices and volumes sold,” the company said Tuesday. The third-quarter net profit result marked a steep decline from $42.4 billion the same time
Boris Johnson said he would rather “let the bodies pile high” than impose another lockdown in September 2020, according to one of his most veteran aides – despite the former prime minister denying making the remark several times. Edward Udny-Lister made the revelation to the COVID inquiry today. It backs up reports in The Daily
Several vehicles travelling along a stretch of road in Caerphilly have been hit by “bricks and patio slabs” as police investigate a spate of incidents in recent weeks. Two drivers whose cars have been struck in the past month have spoken to Sky News, and there are several further reported incidents on social media. Gwent
In this article UBER Follow your favorite stocksCREATE FREE ACCOUNT CEO of Uber, Dara Khosrowshahi, speaks onstage during GE The Lean Mindset: The Pursuit Of Progress Event at Chelsea Industrial on September 06, 2023 in New York City. Ilya S. Savenok | Getty Images Entertainment | Getty Images Uber reported third-quarter results Tuesday that missed analysts’ expectations
A Donald Trump supporter who bear-sprayed at least eight police officers during the US Capitol riots has been jailed for three years. Edward Rodriguez was identified by members of the so-called Sedition Hunters – an online community of investigators helping the FBI and police find people who allegedly committed crimes during the riots on 6
Tougher sentences for the country’s most serious offenders and a crackdown on grooming have taken centre stage in the first King’s Speech in decades. The King struck a personal note when he began his speech – the first by a king in over 70 years – by acknowledging the “legacy of service and devotion to
Benjamin Netanyahu says Israel will have “overall security responsibility” in Gaza for an “indefinite period” after its war with Hamas. The Israeli prime minister’s comments are the clearest indication of his country’s plans to maintain control over the Gaza Strip, which is home to 2.3 million Palestinians. Mr Netanyahu told ABC News that Israel should
After six months of falls house prices across the country are on the rise again, according to analysis from part of the UK’s biggest mortgage lender. Last month, for the first time since March, the cost of buying a house increased as the number of properties on the market shrunk, according to the Halifax house
Kia’s first dedicated electric car is getting a makeover. The Kia EV6 was spotted with a new facelift, including several design upgrades. Kia revealed the EV6 in March 2021 as its first dedicated EV alongside sister company Hyundai’s IONIQ 5. The EV6 saw a positive response from buyers and journalists for its long-range capabilities, spacious
A technician holds a semiconductor wafer at a manufacturing plant. Ponywang | E+ | Getty Images The recent earnings calls of the world’s two largest memory chipmakers signaled that weak demand may have finally bottomed out. Samsung’s operating profit in the third quarter jumped 262.6% as compared to the second quarter. This followed a 85.15%
The Lebanese foreign minister has told Sky News that discussions with Hezbollah and its Iranian funders have left him “less pessimistic” about the outbreak of a wider war in the Middle East region. “No one wants war,” Abdallah Bou Habib told us from his office in the Lebanese capital, Beirut. “And I don’t think they’ll
The legendary Jeep Wrangler is going electric. We will also see an all-electric Grand Cherokee roll out in the next few years. A tentative labor agreement between Jeep’s parent company, Stellantis, and the UAW revealed several new EV models due for production. UAW President Shawn Fain released new labor contract details, including historic wage increases,
In this article GOOGL GOOG AAPL Follow your favorite stocksCREATE FREE ACCOUNT Google CEO Sundar Pichai (L), and Epic Games CEO Tim Sweeney. Reuters Google is headed back to court for its second antitrust trial in two months, this time in defense of its Android Play Store. While Google continues to argue against monopoly claims
Personal letters confiscated by Britain’s Royal Navy 265 years ago before they could reach French sailors during the Seven Years’ War have been read for the first time. Written between 1757 and 1758, the billet-doux (love letters) were meant for the crew onboard the Galatee, a French warship captured by the British. The wives, fiances,
Five people – including two children – have been killed and six others injured after a car crashed into a pub’s outdoor dining area in Australia. Four people, including a boy, two men in their 30s and a woman in her 40s died at the scene after a BMW SUV mounted a kerb and drove
This is King Charles’s first King’s Speech as monarch. This matters to him, not only because he knows the world will be looking to see if he does something differently (he won’t – continuity matters), nor because it could be an opportunity to say something about his late mother, Queen Elizabeth II, in a new
Honda is taking a page out of just about every other major automotive manufacturer’s playbook by debuting its first electric bicycle, the Honda e-MTB Concept. The bike was just shown off at the Japan Mobility Show in Tokyo, where it joined several other futuristic and/or brand-widening debuts from other leading Japanese motorcycle companies and automakers.
The England footballer Ollie Watkins is among a group of investors ploughing new funds into a fast-growing British online sneaker and streetwear marketplace. Sky News understands that Mr Watkins, who played for Aston Villa on Sunday in the 2-0 defeat at Nottingham Forest, is backing The Edit LDN, which has operated concessions in department stores