Nissan CEO Ivan Espinosa considers producing cars for other manufacturers, including China's Chery, at the Sunderland plant to address volume issues, amid Nissan's steep losses and European struggles.
خبرAIUK Business Secretary Peter Kyle will meet EU Trade Commissioner Maroš Šefčovič to discuss planned EU tariff-free import reductions for British steel. The EU's proposed 47% cut from July 1st, alongside the UK's 60% reduction, sparks fears of collateral damage and retaliatory measures, impacting industries on both sides.
خبرAIUK Business Secretary Peter Kyle will meet EU trade commissioner Maroš Šefčovič to discuss planned EU cuts to tariff-free steel imports. The UK industry fears "devastating" consequences from the EU's 47% reduction, while EU leaders worry about UK retaliation. Both sides are introducing safeguards against Chinese competition, but fears grow of collateral damage.
خبرAISierra Leone's diamond industry faces collapse as lab-grown alternatives gain market share, driving down prices and leading to mine closures. Miners struggle to find gems, while the region grapples with economic fallout and the legacy of conflict.
خبرAISpaceX has proposed a share price of $135 for its upcoming IPO, valuing the company at $1.75 trillion and aiming to raise a record $75 billion. This early price reveal is unusual, with experts noting the valuation is 'rich' but potentially justified by future earnings and AI investments.
خبرAISpaceX is set to go public next week with shares priced at $135, aiming to raise $75 billion and valuing the company at $1.75 trillion. This IPO, expected on Nasdaq June 12, could make Elon Musk a trillionaire. Analysts note the valuation is high, but future earnings potential may attract investors.
خبرAINissan is in non-binding talks to manufacture cars for Chinese manufacturer Chery at its Sunderland plant in northern England. The deal could secure jobs for 6,000 workers and mark the first mass-market Chinese car production in Britain.
