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US interest rates held as Fed boss says no magic wand to tackle high prices
Posted onThe Fed acknowledged that inflation remained “elevated”, which it said was in part due to rising energy prices, but said US economic activity was expanding at a “solid pace despite uncertainty caused by the conflict in the Middle East”. Warsh said he had wanted to and succeeded in having a “family fight” with his fellow…
Comac: The Chinese planemaker taking on Boeing and Airbus
Posted on“In the future we welcome all newcomers. We are keen to see more competition. Comac has got its certification process to go through and at some point in the 2030s, we see that it will be an offering that would be attractive to ourselves and other carriers,” Mike Szucs, chief executive of low-cost Philippines carrier…
How Europe is vying for rare earth independence from China
Posted onJonathan Josephs Reporting fromLa Rochelle, western France BBC Solvay’s rare earths processing facility in western France is one of only two in Europe For almost 80 years rare earth metals have been pumped out of this industrial plant in La Rochelle on France’s west coast. But as the materials become more and more crucial to…
Ford boss Lisa Brankin warns against taxing electric cars
Posted onJosh Martin,Business reporter and Sean Farrington,Business presenter Barry Cronin Taxes on electric vehicles may put drivers off buying them at a time when demand has “lost momentum”, Ford’s UK boss has warned. It comes after the BBC reported Chancellor Rachel Reeves could be considering new levies on EVs in the upcoming Budget. Ford UK’s managing…
