Business

Elon Musk Announces Tesla Semi-Truck Reveal Date

Elon Musk Announces Tesla Semi-Truck Reveal Date

Reuters had reported in August that these trucks will have a 200-300 miles range on a single charge. It will be revealed nearly a month later than Musk originally suggested, and even now the Tesla CEO emphasises that the date is 'tentative'.


Oil market moving back into balance: IEA

Oil market moving back into balance: IEA

Global benchmark Brent crude prices were down 0.11 per cent at $55.10 per barrel, while West Texas Intermediate (WTI) crude was 0.08 per cent up at $49.34 per barrel. Oil in NY has closed below US$50 a barrel since July as efforts to drain a global glut by the Organization of Petroleum Exporting Countries and partners including Russian Federation confront rising shale output.


The new £10 note featuring Jane Austen has gone into circulation today

The new £10 note featuring Jane Austen has gone into circulation today

Similar to the £5 note already in circulation featuring Sir Winston Churchill, it is made from polymer. When does the old £10 note go out of circulation? The Bank of England hasn't specified where exactly the new notes will first appear but they will start to filter into circulation through ATMs, banks and businesses.


Housing market remains flat in East of England

Housing market remains flat in East of England

Earlier this week, data released by the Office for National Statistics showed United Kingdom house prices rose by 5.1% in the year to the end of July, unchanged from the rate of expansion recorded in the previous month but down from a peak of 8.2% recorded in the month of the European Union referendum.


Sterling slips as weak wage data counters bets on BoE shift

Sterling slips as weak wage data counters bets on BoE shift

And bear in mind that the source of inflation remains rising import costs, so effectively this is acting as a "tax" on domestic consumption. Economists in the Reuters poll had expected growth of 3.1 per cent. The pound spiked to a 2017 high versus the dollar and strengthened further versus the euro on Tuesday (12 September), after United Kingdom inflation spiked to a four-year high, fuelling expectation of an interest rate hike .


Air Force Awards Design Contract for New Presidential Aircraft

Air Force Awards Design Contract for New Presidential Aircraft

This contract modification supplements work already taking place under the PAR contract, including risk reduction activities and the acquisition of two commercial Boeing 747-8 aircraft. Melissa Chadwick, a spokeswoman for Lockheed, said the company believes its offering would help the Air Force protect its critical missile sites and perform utility support missions.