Business

A Boeing plea deal intended to resolve a case related to two fatal crashes of its planes has been rejected by a US judge. The plane maker agreed with the US government in July to plead guilty to one count of criminal fraud, face independent monitoring, and pay a $243m (£191m) fine. However, Judge Reed…

Luxury car maker Jaguar has unveiled its new electric concept car, less than a fortnight after the release of a teaser video that stirred online controversy. The unveiling of the Type 00 car triggered mixed responses from social media users, with some cheering its design, while others mocked the launch. Last month, many critics pointed…

Boeing, Nike and Starbucks have all changed their chief executives in recent months. But just how important is the person in the top job for the successful running of such huge companies? “There’s only one cat who’s on the hot seat,” says Alan Lafley, who was CEO of global consumer goods giant Procter & Gamble…

Elon Musk’s X, formerly known as Twitter, has added Amazon’s Twitch livestreaming platform as a defendant in its ongoing lawsuit alleging that advertisers illegally conspired to boycott the platform, withholding billions of dollars in advertising revenue. Business Insider reports that Elon Musk’s X has expanded its legal battle against advertisers by adding Twitch, the Amazon-owned video streaming…

UK public sector pension funds are not big enough to generate good returns for British savers, Chancellor Rachel Reeves has told the BBC. The government is set to reveal plans to merge the UK’s local government pension scheme, a group of funds which together manage £354bn in investments, into a handful of “pension megafunds”. It…

Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. The two companies say the deal is now worth $5.8bn (£4.55bn) – up from an initial pledge from VW of $5bn. Shares in the US electric vehicle (EV) maker jumped more than 9%…

Price has more than doubled in a year as traders hope Trump will favour crypto when he returns to White House The price of bitcoin has risen above $87,000 for the first time as it benefited from traders’ hopes that Donald Trump will favour cryptocurrencies when he returns to the White House. Bitcoin reached a record high of $87,198,…

Donald Trump vowed on his campaign that he would tax all goods imported into the US if he won back the White House. Following his victory, businesses and economists around the world are scrambling to work out how serious he is. In the past, Trump has targeted tariffs at individual countries such as China or…

WASHINGTON (AP) — No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when the Fed ends its two-day…