Mark 0stwald News Today

Built at the gravity Business Park in somerset by Jaguar Land Rover owner tata. A major shot in the arm for the uks Electric Car Making Ambitions the new plant is expected to create 4,000 jobs and thousands more in the wider supply chain. Tata are putting up £4 billion for the site with the government expected to provide hundreds of millions of pounds in subsidies. Lets discuss this with former Racing Driver and motoring journalist amanda stretton. We are increasingly in a difficult position, w...

if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk — where — in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter—percent rise most economists are predicting would take the banks main interest rate to 4.5% — the highest it has been in almost 15 years. the big question though — will it be enough to start to get inflation, which is sti...

so we start in the us, where, as youve been hearing, the worlds biggest entertainment company, walt disney, is axing 7000 jobs as part of a cost—cutting drive. it comes as the company revealed the first fall in subscribers to its streaming service, disney+, since it was launched more than three years ago. veteran ceo bob iger has returned to run the company again after its shares lost almost half their value last year, as michelle fleury reports from new york. this is ceo bob iger�...

a happier new year: after months of covid chaos, can chinas economy pull a rabbit out of the hat? hello there. we start in the swiss ski resort of davos, you know what, stay. stay with me. sometimes, this happens. just to prove it is live. chuckles. we will talk about what keir starmer is talking about. the opposition labour party leader. he has very much been sweet—talking the elite, the top bankers at the world economic forum. he has been reassuring the financial elite that labour ...

stock market debut. but is it the right time? as youve been hearing, the uk government says its sticking to plans for £45 billion of tax cuts — despite turmoil on financial markets since the chancellors mini budget statement on friday. its seen investors dumping the pound — and uk government borrowing costs soaring on growing alarm about the countrys finances. on wednesday the bank of england was forced into an emergency intervention to head off a pension—fund crisis. it will sp...

By an israeli airstrike. The Israeli Military has denied responsibility, saying the blast was caused by a failed rocket launched by the gaza based Militant Group Palestinian Islamic jihad. Us President Joe Biden is currently travelling to israel, but a planned Summit Injordan with arab leaders has now been cancelled. Biden� s visit is designed to further demonstrate americas support for israel. The white house is saying the us is optimistic about getting humanitarian aid into gaza. On our webs...

They are turned into smithereens. little wonder that the opposition parties said tonight that this is embarrassing for the government and conservative mps are really angry, about 20 went in to see angry, about 20 went in to see a seniorfigure tonight angry, about 20 went in to see a senior figure tonight arguing that this is a big broken promise, some of them have been into downing street too. ministers argue they are being pragmatic, this is still about taking back control to quote that exit sl...

Military assistance. to the uk now, and plans to boost international trade, amid criticism it has been damaged by leaving the european union. this week kemi badenoch was appointed business and trade secretary as part of a shakeup of government departments. today she begins a two day visit to mexico. the uk is in talks tojoin the cptpp or trans pacific partnership, mexico is a founding member of the bloc that also includes australia and new zealand, as well as the likes of canada, japan, malaysia...

Actually, there needs to be greater reconsideration of exactly how the uk is going to attract more skilled labour into the country —— cooperation into the country —— cooperation in a partisan environment. germany attracts a lot of inward migration in terms of skilled labour and has a big advantage on that from it but the uk doesnt, particularly in the uk doesnt, particularly in the post—brexit arena, but it isntjust brexit related. mark, thank you. mark ostwald in london for us. lets t...

At massive green transformational plans. he wants to turn around the falling share of world investment in the uk — and especially in the car industry after this weeks collapse of the planned britishvolt teesside battery plant. so, this was held up only a year ago as the flagship of levelling up. and i think the failure of it tells you pretty well all you need to know about the governments levelling up project. so, but, do you fear a crisis in the car industry? do you think the car industry nee...