Thames Water redraws mega-reservoir plan amid local opposition
Thames Water has revised plans for a massive Oxfordshire reservoir amid local opposition and cost concerns, with estimates climbing to £5.5bn-£7.5bn from an initial £2.2bn projection.
GM vs. Ford: U.S. defense, energy sectors add to automakers’ century-old rivalry
General Motors and Ford are expanding beyond automotive manufacturing into U.S. military contracts and energy storage systems, potentially creating new revenue streams as traditional vehicle sales decline.
US to ban imports of some Canadian alcohol, dairy goods and motorbikes
The US will ban imports of Canadian alcoholic spirits, dairy goods, and motorbikes starting September 29, escalating a months-long trade war after Canada implemented retaliatory tariffs on American products.
Tax banks to cut energy bills, unions tell Andy Burnham
Trade unions urge the government to introduce income-based energy bill discounts funded by restoring a bank surcharge to help struggling households with heating costs this winter.
John Lewis losses widen to £124m as shopper confidence dips
John Lewis Partnership’s first-half losses widened to £124m as consumer confidence declined and costs rose. The owner of John Lewis and Waitrose reported struggling with higher expenses and cautious shoppers.
Surging inflation puts interest rates back in focus as policymakers meet in Japan, US and UK
Central bankers in the US, Japan, and UK face decisions this week as surging inflation and rising oil prices reignite debate over interest rate increases amid geopolitical tensions.