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Over 120 wealthy Britons, including footballer Gary Lineker and musician Brian Eno, have written to Prime Minister Andy Burnham requesting higher taxes on the wealthy to promote equality and fund public investment.
Online retail sales reached their highest share of total retail spending in five years last month, driven by record heat and demand for seasonal products and World Cup-related purchases.
The Senate Commerce Committee advanced legislation Wednesday to toughen restrictions on Chinese automakers, though sponsors warn the bill could unintentionally bar Mercedes-Benz from the U.S. market.
China’s Geely will manufacture electric vehicles at Ford’s Valencia, Spain facility through a new joint venture, with production beginning in 2028 under a 66%-34% ownership split.
Houthi militia threats to Saudi oil exports through the Bab al-Mandab strait pushed Brent crude above $100 a barrel, raising concerns about further price increases amid broader Middle East tensions.
Trump’s latest tariffs reduce EU duties to 10% while maintaining UK rates unchanged, putting British businesses at a disadvantage in unspecified sectors despite equivalent headline rates, experts say.
