Average five-year mortgage rate hits 6% for first time in three years
The average five-year fixed mortgage rate has reached 6% for the first time in three years, driven by rising global economic uncertainty and higher government borrowing costs.
Why are data centres such a big deal in Scotland?
Scotland faces a surge in proposals for massive AI-powered data centres, with plans for at least 23 hyperscale facilities that could bring significant investment and jobs but raise concerns about energy consumption, environmental impact, and community disruption.
Lidl GB’s sales soar by over 10%, helped by price cuts and Deluxe range
Lidl GB’s sales surged 10% to £13bn, driven by price cuts and growing demand for its Deluxe premium range as shoppers seek value amid food inflation.
UK reviewing whether to impose tariffs on Chinese car imports to align with EU
The UK is reviewing whether to impose tariffs on Chinese vehicle imports to align with EU policy and qualify for inclusion in new European manufacturing protection legislation.
GM says hybrid vehicles are coming: ‘We’re not tone deaf to our customers’
General Motors plans to introduce hybrid vehicles into its U.S. lineup as sales of the vehicles continue to grow amid rising gas prices and declining electric vehicle demand.
Sainsbury’s and Morrisons ‘held talks this year’ on multibillion-pound merger
Sainsbury’s and Morrisons held exploratory merger discussions this year to explore a multibillion-pound combination, though the companies are no longer in active negotiations, according to reports.