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Ineos has paused production at three Hull chemical plants, with the company citing UK gas prices as 12 times higher than in the US, affecting approximately 240 direct employees.
President Trump said he would support halting US diesel exports to reduce pump prices, as national average diesel costs reached record highs ahead of mid-term elections.
The IMF head warns the UK and US must cut borrowing and reduce debt levels, as government interest costs have surged in response to global economic shocks and supply disruptions.
Europe’s struggling car manufacturers are pivoting toward defense contracts as commercial pressures mount, with Ford, Renault, and Jaguar Land Rover bidding for military vehicle and equipment orders.
UK lawmakers defend the independent Office for Budget Responsibility against criticism from across the political spectrum, rejecting calls for fundamental reform while suggesting consideration of a 10-year economic forecast.
Tech executives call for AI development slowdown, but critics warn it could entrench leading companies’ dominance and harm smaller competitors trying to catch up.
