General Motors is cutting 1,000 jobs worldwide, mostly white-collar positions, as part of a cost-saving strategy. The layoffs reflect GM’s efforts to balance investments in electric vehicle technology while updating gas-powered models, amid slower EV sales growth General Motors is laying off about 1,000 workers globally as part of a cost-cutting effort aimed at enhancing efficiency and staying competitive in …
The Bank of England also raised interest rates to 0.5 per cent, warning that inflation would hit seven per cent by April amid growing fears over a cost of living crisis. Cabinet ministers are increasingly uneasy about Downing Street’s focus on its net zero target and have warned that the cost of living crisis should be given more priority in …
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