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Reports have again emerged that Jaguar Land Rover is in talks with the UK Government to secure a massive cash injection because of the coronavirus crisis. A report in the Financial Times has claimed the Coventry car maker is one of six large companies in advanced talks with the government over bailout cash. The report […]
Continue ReadingThe clock is ticking down to the unveiling of one the most eagerly awaited automotive debuts of the decade. There are just days to wait until people get to see what has been billed as a rival to the Land Rover Defender for the first time. In reality the Grenadier is not a rival to […]
Continue ReadingAston Martin has appointed a new finance chief who spent more than a decade in charge of the purse strings at Jaguar Land Rover. Kenneth Gregor has joined the firm as its new chief financial officer, the latest in a raft of changes at senior management level. Mr Gregor served as Jaguar Land Rover’s chief […]
Continue ReadingJaguar Land Rover’s first all-electric vehicle, the Coventry designed and engineered Jaguar I-Pace, has been improved in a number of ways. The upgraded version of the performance-focused SUV features a number of improvements designed to make it an even more tempting proposition for motorists thinking of making the switch from an internal combustion engine to […]
Continue ReadingStratford-Upon-Avon is a market town dating back to the 12th century and, of course, the birthplace of Sir William Shakespeare. This alone makes it a very popular destination for tourists, with an estimated 2.5million visiting each year. But what’s it like for people seeking a more permanent move to this historical town? Over the last […]
Continue ReadingA market town on the eastern border of Warwickshire, Rugby is the birthplace to the sport that shares its name. There are properties to suit most pockets from 2-bed flats for less them £50k, to extensive homes commanding seven-figure sums. Our search is more modest though, keeping the prices to below £170k, ideal territory for […]
Continue ReadingIf life in the country is appeals and you’re looking for something a little different to the norm, then a barn conversion, with vaulted ceilings and an open-plan aspect may be just what you’re after. The thing about such bespoke properties is they tend to come with a price tag to match. So we decided […]
Continue ReadingJaguar Land Rover’s first all-electric vehicle has made the shortlist for one of the most highly regarded awards in the engineering world. The Jaguar I-Pace, which was designed and engineered in Coventry, has been named as one of the three finalists for the 2020 MacRobert Award. Founded in 1969, the MacRobert Award is overseen by […]
Continue ReadingMILAN () – Italy’s Intesa Sanpaolo (ISP.MI) took a further step on Thursday towards resolving antitrust hurdles as it prepares to launch an exchange offer to take over rival UBI Banca (UBI.MI), a source familiar with the matter said. FILE PHOTO: The Intesa Sanpaolo logo is seen in Milan, Italy, in this January 18, 2016. […]
Continue ReadingNEW YORK () – SoftBank Group Corp (9984.T) will invest $2 million or more in 14 U.S. startups led by black founders and other underrepresented groups, the company said on Thursday, as part of its effort to fund more a more diverse array of entrepreneurs. FILE PHOTO: The logo of SoftBank Group Corp is displayed […]
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JOHANNESBURG/LUSAKA () – Barrick Gold on Thursday said there is “absolutely no truth” in a press release circulated on social media in Zambia claiming the gold miner sold its Lumwana copper mine. The fake press release, dated June 15, claimed Barrick had sold its Zambian copper mine to Metalinvest Capital Corporation and Zambia’s National Pension […]
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CARACAS, June 18 () – Venezuela’s central bank has ordered local banks to sell dollars received through gasoline sales to the government’s foreign-exchange system to boost supply of hard currency to the cash-strapped economy, three sources familiar with the requests said. Following decades of subsidizing gasoline so heavily that it was nearly free, Venezuela this […]
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() – Globalfoundries and SkyWater Technology have reached a deal to supply semiconductor chips to the U.S. defense industry and work on new technology, the companies said on Thursday, as the industry moves toward more U.S. manufacturing. Globalfoundries, a California-based semiconductor manufacturing firm owned by the United Arab Emirates’ sovereign wealth fund, already supplies defense […]
Continue ReadingLONDON () – Prime Minister Boris Johnson told France’s President Emmanuel Macron that talks on a post Brexit deal cannot drag on into the autumn, as the French leader visited London to mark the 80th anniversary of General de Gaulle’s call for wartime resistance, French President Emmanuel Macron gestures as he meets Britain’s Prime Minister […]
Continue ReadingFILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. /Jonathan Ernst/File Photo WASHINGTON () – The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission […]
Continue ReadingBERLIN () – Wirecard’s auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm said the delay could cause billions in loans to be called in as soon as Friday. FILE PHOTO: An employee of Wirecard AG, an independent […]
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MILAN, June 18 () – An Italian court on Thursday acquitted 15 former board members and internal auditors of directories firm Seat Pagine Gialle in a trial over allegations of fraudulent bankruptcy, according to a lawyer representing two of the defendants. The people were charged in connection with a 3.5 billion euro ($3.9 billion) special […]
Continue ReadingFILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. /Jonathan Ernst/File Photo WASHINGTON () – The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission […]
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NEW YORK, June 18 () – Eskalera, a technology startup led by Goldman Sachs former human resources head Dane Holmes, has launched an index to measure corporate diversity and inclusiveness, the firm said on Thursday. Eskalera’s software collects information on employee sentiment and company culture and combines it with HR data to generate a score […]
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* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Rewrites headline and throughout to reflect move in prices) By Yoruk Bahceli AMSTERDAM, June 18 () – Euro zone bond yields dropped across the board on Thursday as the ECB announced record take-up of its new round of cheap loans, a form of stimulus that is expected […]
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LONDON, June 18 () – Asset manager DWS, the fund management arm of Deutsche Bank, said it has further sold down its position in embattled German technology company Wirecard and was considering legal action. On Thursday Wirecard’s auditor refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down 60% […]
Continue ReadingLONDON () – The Bank of England slowed the pace of its huge bond-buying programme on Thursday as it saw some signs that the British economy was recovering from the unprecedented slump caused by the coronavirus lockdown. FILE PHOTO: A general view of The Bank of England and the Royal Exchange as the spread of […]
Continue ReadingFILE PHOTO: Bank of England Governor Andrew Bailey at the central bank in London, Britain March 16, 2020. Tolga Akmen/Pool via /File Photo LONDON () – Britain’s economy is recovering a bit more quickly than the Bank of England thought a month ago as the government eases its COVID-19 lockdown, but news from the labour […]
Continue ReadingLONDON () – French President Emmanuel Macron visited London on Thursday for a ceremony to mark the 80th anniversary of General de Gaulle’s call for wartime resistance, and to discuss Brexit and the COVID-19 pandemic with Prime Minister Boris Johnson. FILE PHOTO: Britain’s Prime Minister Boris Johnson welcomes France’s President Emmanuel Macron at the NATO […]
Continue ReadingLONDON/BOSTON () – Prudential (PRU.L) sold a minority stake in its U.S. business, Jackson, to Apollo Global-backed Athene Holding (ATH.N) for $500 million, the insurer said on Thursday, in the first phase of its plan to create an independent U.S. business. FILE PHOTO: The logo of British life insurer Prudential is seen on their building […]
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(Adds Atlantia letter, EU spokesman, asset manager comment) By Francesca Landini and Stephen Jewkes MILAN/BRUSSELS, June 18 () – Infrastructure group Atlantia has asked the European Commission to intervene in a political dispute over its motorway concession, accusing the Italian government of breaching EU law in an escalating two-year row. The future of the concession […]
Continue ReadingLONDON () – The Bank of England increased its bond-buying programme by a further 100 billion pounds on Thursday to help steer the economy away from its record coronavirus slump, but sharply slowed the pace of its purchases. FILE PHOTO: A general view of The Bank of England and the Royal Exchange as the spread […]
Continue ReadingFILE PHOTO: Hamza Yerlikaya of Turkey celebrates after winning the gold medal in the greco-roman wrestling 96kg division in the European Wrestling Championships in Moscow April 27, 2006. /David Mdzinarishvili ANKARA () – Turkey’s ruling AK Party defended the appointment of a former wrestling champion to the board of a major state bank, saying those […]
Continue ReadingFILE PHOTO: Wells Fargo Bank branch is seen in New York City, U.S., March 17, 2020. /Jeenah Moon () – Wells Fargo & Co (WFC.N) said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCapital Network for an undisclosed amount. The Wells Fargo global alternative […]
Continue ReadingLONDON () – Short sellers’ months-long pursuit of Wirecard (WDIG.DE) paid off spectacularly on Thursday when shares in the German fintech company plunged a record 60%. FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, […]
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