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Bugatti CEO Mate Rimac says the supercar market is entering a “Swiss watch phase” where wealthy buyers favor hand-crafted internal combustion engines over high-tech electronics and electric vehicles.
The US announced sweeping sanctions against Iran as part of an “economic D-Day,” but analysts question their effectiveness given Iran’s established trade relationships with China, Turkey, Pakistan, and other nations.
Canada announced retaliatory tariffs on hundreds of U.S. goods, matching American duties dollar-for-dollar with rates of 15%, 25%, and 50% effective September 8, escalating the trade dispute between the nations.
Volkswagen’s CEO faced worker protests as he outlined a major restructuring plan involving potential job cuts and factory closures, urging employees to support the transformation.
Commercial real estate investor competition reached its strongest level in a year as liquidity increased across multiple funding sources, despite persistently elevated borrowing costs.
Prime Minister Andy Burnham is exploring changes to insolvency laws to facilitate public takeover of struggling utilities like Thames Water as part of his broader plan for utility nationalization.
