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Jaguar unveils new electric car after woke ridicule
Jaguar has revealed its new electric car two years after its controversial rebranding sparked a backlash with the firm accused of going “woke”. The unveiling of the all-electric Type 01 is a gamble for parent company JLR, which has invested billions reinventing Jaguar and is facing mixed reactions over the new car’s design and the…
US inflation rate eases to 3.5% as gasoline prices fall
Inflation in the US eased last month as the cost of energy and filling up at the pumps fell, official figures show. Prices rose 3.5% in the year to June, according to the Bureau of Labor Statistics (BLS), down from 4.2% recorded in May. Gasoline prices decreased 9.7% last month, but are still much more…
What was the 1970s oil crisis, and are we heading for something worse?
Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis CIB, said while 1970s oil shocks sent prices sky high, they only cut global supply by 5-7%. In contrast, the current crisis affects 20% of the world’s supplies, “dwarfing the 1970s shock”, she said.
Disney pulls channels from YouTube TV over fee dispute
Subscribers to YouTube TV have lost access to ESPN, ABC and other Disney channels, as the two companies struggle to negotiate a licensing deal. Disney said the online pay-TV platform, which is owned by the tech giant Google and available only in the US, had refused to pay fair rates for the content, which also…
