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Trump administration to roll back fuel economy rules set under Biden
Natalie ShermanBusiness reporter Getty Images The US is set to loosen its fuel economy rules, reversing another Biden-era policy that had been expected to lead to increased take-up of electric cars. US President Donald Trump announced the proposal at the White House, where officials said the prior standards were not realistically achievable and were driving…
Nestle to axe 16,000 jobs as new boss pushes to cut costs
Food and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…
Government to offer cash payouts for people in financial crisis
A new funding scheme will give access to emergency cash for people on low incomes across England. The Crisis and Resilience Fund beginning at the start of April will provide £1bn annually for the next three years. People will be able to apply for emergency funds through their local council, whether or not they currently…
