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Government to guarantee £1.5bn Jaguar Land Rover loan after cyber shutdown
The government will underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) in a bid to support its suppliers as a cyber attack continues to halt production at the car maker. Business Secretary Peter Kyle said the loan, from a commercial bank, would protect jobs in the West Midlands, Merseyside and across the UK….
Michelob Ultra becomes best-selling beer in the US
Michelob Ultra has become the top-selling beer in the US two year’s after its parent company’s Bud Light brand lost the title following a consumer backlash. Anheuser-Busch, citing data from Circana, said on Monday that Michelob Ultra overtook Modelo Especial in US retail sales by volume in the year to 14 September. Two years ago,…
Trump administration to invest $1.6bn for stake in rare earths firm
The Trump administration will invest $1.6bn (£1.2bn) in a US critical minerals firm, marking officials’ latest push to reduce China’s dominance over the rare earths sector. The agreement with USA Rare Earth, which will give the government a stake in the firm, emerged days after US President Donald Trump claimed to have secured the “framework”…
