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Search results for 37bn

BMW suffers £3.7bn slump over major problems with brakes
3 months, 2 weeks ago

BMW suffers £3.7bn slump over major problems with brakes

The Telegraph  

BMW will recall about 1.5m vehicles over problems with their brakes, wiping €4.3bn off the value of the German carmaker. The company, which also makes Rolls-Royce and Mini, said the product recall will have a “negative worldwide sales effect in the second half of the year”. Shares plunged by as much as 9.6pc as it said it would take a …

German Volkswagen
Tax the wealthiest to avoid IMF, says Tunisia’s president
1 year, 6 months ago

Tax the wealthiest to avoid IMF, says Tunisia’s president

Al Jazeera  

Tunisia’s president is looking for ways to avoid a bailout package worth nearly $2bn, as talks stall over demands to restructure public bodies and lift subsidies on basic goods. Tunisia’s President Kais Saied has proposed taxing the country’s wealthiest citizens to avoid the “foreign diktats” of the International Monetary Fund. Despite reaching an agreement in principle last October on a …

Imf Tunisia Saied
Pentagon error said to overvalue Ukraine arms aid by $3bn
1 year, 7 months ago

Pentagon error said to overvalue Ukraine arms aid by $3bn

Al Jazeera  

Accounting error could mean more funds are available for Ukraine military aid as a counteroffensive against Russian forces nears. The US Department of Defense overestimated the value of weapons and other military equipment provided to Ukraine by approximately $3bn, officials said, an error in accounting that may lead the way for more arms being sent to Kyiv. In many of …

Military Ukraine Value Aid Pentagon
Japan unveils record defence budget amid regional security fears
2 years ago

Japan unveils record defence budget amid regional security fears

Al Jazeera  

The cabinet’s nod for a 20-percent rise in military spending is a deviation from pacifist post-WWII self-defence policy. Japan will boost its defence budget for 2023 to a record 6.8 trillion yen, or a 20-percent increase, in the face of regional security concerns and threats posed by China and North Korea. Prime Minister Fumio Kishida’s cabinet approved the budget on …

Security China Military Japan Defence North Korea Billion
Alibaba founder Jack Ma ‘hiding out’ in Tokyo with his family, say reports
2 years ago

Alibaba founder Jack Ma ‘hiding out’ in Tokyo with his family, say reports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Chinese billionaire Jack Ma has …

China Japan Chinese Tokyo
Will Republicans cut US aid for Ukraine?
2 years, 1 month ago

Will Republicans cut US aid for Ukraine?

Al Jazeera  

The 2022 United States midterm elections were predicted to be a grisly affair for President Joe Biden’s Democratic Party. Since Russia’s full-blown invasion of Ukraine in February, the US Congress has approved $68bn in aid for Kyiv and the Biden administration requested an additional $37bn last week. Kevin McCarthy, the House Minority Leader who could be the next Speaker, also …

Policy China Foreign Policy Ukraine Russia Congress Sanctions
How Britain’s next Prime Minister could prevent catastrophic energy bills
2 years, 4 months ago

How Britain’s next Prime Minister could prevent catastrophic energy bills

The Telegraph  

Rebecca McDonald, at the Joseph Rowntree Foundation, says the £1,200 support given to lower income families - which includes the £150 council tax cut and £400 credit on energy bills, as well as two extra payments - should be doubled. “Given we now have new inflation forecasts and we now expect the energy price cap rise in October to be …

Energy Price Bills Energy Bills
‘Four chips on a plate’: Boost school meal funding, ministers told, as children ‘getting smaller portions’
2 years, 6 months ago

‘Four chips on a plate’: Boost school meal funding, ministers told, as children ‘getting smaller portions’

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. I’m looking at cheaper alternatives.” A headteacher from North Yorkshire, Matt Davies, said that schools …

Food Children School Independent Costs Funding Ministers
A wealth tax is needed to fund our neglected public services
3 years, 2 months ago

A wealth tax is needed to fund our neglected public services

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The report includes four different options …

Tax Wealth Public Britain
Listing interrupted: China suspends Ant Group’s $37bn IPO
4 years, 1 month ago

Listing interrupted: China suspends Ant Group’s $37bn IPO

Al Jazeera  

Shock suspension of Ant’s blockbuster IPO comes after billionaire founder Jack Ma and top executives met with Chinese financial regulators. China suspended Ant Group’s $37bn stock market listing on Tuesday, thwarting the world’s largest IPO with just days to go, in a dramatic move that left investors and bankers scrambling for answers. Ant said that its listing had been suspended …

China Hong Kong Shanghai Ant Ipo Listing Chinese Financial
This government is erasing the final remnants of confidence in the travel sector
4 years, 2 months ago

This government is erasing the final remnants of confidence in the travel sector

The Independent  

Confined to your room. Throughout the coronavirus pandemic, the government’s mishandling of the travel and tourism industries could hardly have been more egregious, but sadly the coming weeks could be the most brutal yet. This is a state of affairs that would have been incomprehensible six months ago, but the reality is that without an upturn in fortunes soon, the …

Travel Sector
The travel industry will not survive without radical action over a coronavirus second wave
4 years, 3 months ago

The travel industry will not survive without radical action over a coronavirus second wave

The Independent  

The tourism and outbound travel industries are no strangers to the impact of the Covid-19 pandemic. The outbound travel sector alone sustains around 220,000 jobs in the UK and is worth over £37bn. The challenge of balancing public health and economic recovery is tremendous, and unprecedented times call for unprecedented measures, but as we attempt to move towards a period …

Sta Travel Sector