Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images SINGAPORE — Central bank digital currencies have the potential to replace cash, but adoption could take time, said Kristalina Georgieva, managing director of the International
In a sense, the headline news today is the least important bit of all. Inflation has dropped to 4.6% which means the chancellor and prime minister can claim victory in one of their five pledges – the one to halve inflation by the end of the year. True, there’s still a few months of data
There has been a sharp decline in the rate of inflation to 4.6%, driven by a big easing in energy costs. The Office for National Statistics (ONS) said the annual rate slowed last month, from the 6.7% figure reported in September, mainly due to the lower energy price cap imposed on households at the start
After backlash over the weekend to the Tesla’s plan to sue early Cybertruck owners for $50k if they try to flip their vehicles, the company updated its purchase agreement to remove Cybertruck-specific no-reselling clause. This weekend, we reported that Tesla will sue you if you try to flip your low-VIN Cybertruck. At issue was a
Tesla (TSLA) has warned investors that it is currently in between growth waves – potentially affecting its guided 50% growth rate. The growth Tesla has experienced in terms of vehicle production and deliveries over the last decade is undeniably impressive. Tesla went from a poorly funded EV startup to the most valuable automaker in the
If you drive a company car for Mercedes, it may be time to trade in your E-Class for a new EQE. Mercedes-Benz will require all eligible employees driving company cars in Germany to switch to purely electric vehicles. Mercedes employee company cars are going electric only With Mercedes-Benz aiming to be an all-electric automaker by
The first three-row Kia electric SUV is expected to hit dealerships in the next month or so. The all-new Kia EV9 already has its first lease deal, and it may be better than you expected. Kia introduces 2024 EV9 lease deals Kia’s new 2024 EV9 electric SUV can be leased for as low as $599
In order to further optimize the charging experience and help alleviate strain on local electrical grids, BMW USA announced it is expanding its ChargeForward incentive program to EV and PHEV drivers throughout the contiguous United States. The national expansion comes on the wings of the launch of BMW’s first all-electric 5 series, the i5. Since
Renault is teasing an upcoming “affordable” city electric car to replace the Twingo as it gears up for its investor’s day tomorrow. But will it be as cheap as the Dacia Spring, Europe’s best-selling (and cheapest!) electric car? Renault’s new EV unit Ampere will reportedly unveil the new urban EV this week, according to sources who
Hyundai’s luxury brand, Genesis, is launching a new “super-large” electric SUV that will be built at its new EV plant in Ulsan. The Genesis GV90 will be the first large electric SUV from the luxury brand. Hyundai is developing the new flagship electric SUV. It’s designed to take Genesis from a “luxury” brand to a
Utah will double its current DC fast charging capacity by the end of 2024, thanks to National Electric Vehicle Infrastructure (NEVI) Formula Program funding. Utah’s DC fast charging sites double The Utah Department of Transportation (UDOT) will launch 15 new NEVI-funded DC fast charging sites next year. In February 2022, the Biden administration announced the
Tesla has sought help to prove that its vehicles built with giga-casting parts are not more expensive to repair. That’s something that is particularly of concern to insurers. Over the last few years, Tesla has heavily invested into giga-casting technology to produce larger car parts. The automaker can now produce entire car bodies with just
Volkswagen is moving ahead with plans to build electric vehicles in Mexico. Holger Nestler, president and CEO of Volkswagen Mexico, says the automaker will provide two investment packages to advance EV production. Volkswagen to build electric vehicles in Mexico Speaking with Forbes Mexico, Nestler said the goal is not only to produce EVs, but to
The King has celebrated his 75th birthday by helping to launch a new food charity initiative. Joined by the Queen at his side, the King visited a food distribution hub in Oxfordshire to kick-start his Coronation Food Project – which aims to support charities feeding the nation with unwanted food. While at a tour of
In this article ABNB Follow your favorite stocksCREATE FREE ACCOUNT Airbnb has made its first acquisition as a public company, in a deal valued at just under $200 million, sources familiar with the deal told CNBC. The startup is called Gameplanner.AI, which has been in “stealth mode” since its founding in 2020. Startups in stealth
Two of Matt LeBlanc’s Friends co-stars have paid tribute to the actor, with his on-screen partner Courteney Cox saying she misses him “every day”. The actress, who plays Monica Geller in the show, wrote in an emotional Instagram post: “I am so grateful for every moment I had with you Matty and I miss you
There have been 16 housing ministers in the last 13 years of Conservative rule – seven of those in the last two years alone. With Lee Rowley taking over the housing brief after the prime minister’s latest reshuffle, on the Sky News Daily we’ll be exploring why there has been so many, and if any
Matt LeBlanc has paid tribute to his Friends co-star Matthew Perry, saying it was an “honour to share the stage with you and to call you my friend”. In a post on Instagram, LeBlanc wrote: “It is with a heavy heart I say goodbye. The times we had together are honestly among the favourite times
Monday brought us the marmalade dropper reshuffle with the return of former prime minister David Cameron. But when it comes to the fate of Rishi Sunak’s government with voters, Wednesday could well prove a much more consequential moment. Politics Hub: Braverman launches scathing attack on PM Because tomorrow the Supreme Court will rule on whether
In this article AAPL GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Google and Alphabet Inc. CEO Sundar Pichai arrives at the federal courthouse in Washington, Monday, Oct. 30, 2023. Jose Luis Magana | AP Google pays Apple more than a third of its search advertising revenue from Safari under the terms of the two companies’