Budget Threatens UK Manufacturing Revival
Rachel Reeves's first budget faces industry backlash as manufacturers warn new policies could undermine Britain's industrial strategy and investment climate.
Rachel Reeves's first budget faces industry backlash as manufacturers warn new policies could undermine Britain's industrial strategy and investment climate.
OPEC+ halts planned oil output increases, sending crude prices soaring above $84. Meanwhile, UK manufacturing activity contracts for the 29th consecutive month amid ongoing economic pressures.
Major UK tinned food producer Princes, owner of popular tuna brands, is preparing for a potential London Stock Exchange listing that could value the business at hundreds of millions of pounds.
Rupert Murdoch's media empire launches ambitious campaign promoting Australian manufacturing revival with major corporate sponsors, raising questions about media independence.
German auto giant Volkswagen reports staggering 40% profit drop as semiconductor shortages cripple production, while Chinese rivals surge ahead in the electric vehicle race.
Fresh documents reveal Toyota may have overstated its US manufacturing expansion during the Trump administration, with actual investment falling billions short of initial announcements.
Boeing faces another setback as it delays 777X jet deliveries beyond 2026, impacting airlines and raising questions about the aerospace giant's recovery timeline.