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Theo Leggettbusiness correspondent and Emer Moreaubusiness reporter Getty Images JLR will not resume production until 1 October Jaguar Land Rover (JLR) has confirmed that production in its factories will remain suspended until next month at the earliest. The business secretary and industry minister are visiting the West Midlands on Tuesday for the first time since…
Porsche’s stock tumbled by more than 7% on Monday after warning last week that delays in its electric vehicle (EV) rollout will dent the carmaker’s 2025 earnings. Caught between electrification and its iconic petrol-powered sports cars, the German firm said it will slow its push for EVs as demand weakens. Shares of its parent Volkswagen…
All remaining Bodycare stores are to close with the loss of 444 jobs after the health and beauty chain’s administrators failed to find a buyer for the shops. The business, which fell into administration earlier this month, was “no longer viable to continue” trading because of “the shortage of stock and significant costs” associated with…
Getty Images US Treasury Secretary Scott Bessent has said the US is “ready to do what is needed” to help stabilise Argentina’s escalating financial turmoil. “All options for stabilization are on the table,” Bessent wrote on social media, calling Argentina a “systematically important US ally in Latin America”. The message helped to calm financial markets,…
The highest court in India has strongly criticised the country’s aviation authorities for their handling of the aftermath of the Air India plane crash that killed 261 people in June. Leaving only one survivor, the flight bound for Gatwick airport from Ahmedabad crashed shortly after taking off, killing 242 passengers on board and 19 others…
Katy AustinTransport correspondent and Jamie WhiteheadBBC News PA Media Transport Secretary Heidi Alexander has approved plans for a second runway at London Gatwick Airport, as the government looks for economic growth opportunities. The £2.2bn privately-financed project involves in effect moving the current Northern Runway 12 metres to bring it into regular use, as well as…
Watch: Sea of people seen at Brussels airport Air travellers are facing another day of disruption at several European airports including Heathrow, after a cyber-attack knocked out a check-in and baggage system. There were hundreds of delays on Saturday after the software used by several airlines failed, with affected airports boarding passengers using pen and…
Nvidia, the leading manufacturer of artificial intelligence chips, said it will buy a $5bn (£4bn) stake in Intel – a lifeline for its struggling rival on the heels of a separate investment from the US government. The deal, announced on Thursday, will involve a partnership between the two American companies to make personal computer and…
A free cafe has been set up in a town to help prevent loneliness by encouraging people to connect with others. The monthly Warm and Welcome Wednesday Cafe in Highworth, Wiltshire, has been set up by the volunteers behind Highworth Community Larder, which redistributes food that would otherwise have been thrown away. The cafe is…
Hundreds of thousands of workers have taken take part in strike action across France on Thursday, after trade unions called for a day of protests against budget cuts. Organisers said one million people turned out, while the interior ministry put that number at 500,000, with 80,000 police officers deployed. Scuffles were reported in the cities…
