US and UK central banks expected to keep interest rates on hold amid Iran peace deal pred 2 urama in 14 minutami Federal Reserve to make first decision under Kevin Warsh as Middle East hopes ease inflation pressuresBusiness live – latest updatesCentral banks in the US and UK are expected to leave interest rates on hold this week as the peace deal in the Middle East is expected to ease inflationary pressures.The US Federal Reserve is expected to hold its benchmark interest rate at a range of 3.5% to 3.75% on Thursday, in what will be the first policy decision under new Fed chair – and Donald Trump’s pick – Kevin Warsh. Continue reading...(The Guardian)
Fox to buy Roku streaming firm in $22bn deal pred 2 urama in 14 minutami The move is seen as a bet that combining streaming with its news and sport offering will leave Fox in a strong position as TV audiences move online.(BBC News)
Backlash against ‘short-termist’ UK plans to weaken EV sales targets pred 2 urama in 17 minutami Charging industry and electric vehicle manufacturers say measure could cost jobs and harm UK automotive sectorThe UK government’s plans to further weaken electric car targets have provoked a furious backlash from the charging industry and the electric car brand Polestar, which would lose out from the changes.The Labour government is expected to dilute rules known as the zero emission vehicle (ZEV) mandate. Government sources have said it will reduce a target for pure electric cars from 80% of all sales by 2030 to 50%. Continue reading...(The Guardian)