Jaguar unveils $130,500 electric vehicle two years after controversial rebrand

Treasury yields rise ahead of closely-watched 10-year auction and FOMC minutes

U.S. Treasury yields climbed early Wednesday after retreating in the previous session, as investors awaited a closely watched 10-year note auction.

Chevron CEO warns against 'unwise' diesel export ban, saying it could make things worse

IMF chief warns energy shock, public debt and AI boom threaten global growth – business live

Kristalina Georgieva’s warning comes as Brent crude rises above $101 a barrel Billionaire Mike Ashley ’s Frasers Group has snapped up a stake in the US sportswear brand Under Armour . The owner of Sports Direct acquired an 8.8% stake in the Baltimore-based company, adding to its portfolio of investments in underperforming sportswear brands. Continue reading...

UK house prices flatline as rising mortgage costs weigh on market

Average cost of home in September was £298,441, says Lloyds – about the same as year earlier and in August Business live – latest updates UK house prices flatlined in September, according to a leading index, as rising mortgage costs started to weigh on the market. The average cost of a home was £298,441, roughly the same as it was a year earlier and in the previous month, according to the tracker from Lloyds previously known as the Halifax HPI. Continue reading...

Rainmakers: The drones used to seed clouds

Cloud seeding is gaining attention as countries look to boost rainfall - will drones help?

Apparent exodus of super-rich suggests UK is no longer billionaires’ playground

If recent complaints are believed, London and the UK are no longer welcoming for ultra-high net worth individuals London was once globally renowned as the “billionaires’ playground”, where the world’s super-rich could relax in the Georgian townhouses of Mayfair undisturbed by the grasping hand of the state. But if recent complaints by fleeing ultra-high net worth individuals are to be believed, the city is no longer as welcoming for those who consider themselves to be Britain’s most-persecuted minority. Continue reading...