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Stellantis meets electric vehicle target despite criticising the goal and closing its Luton plant | Money News
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The company that owns Britain’s Vauxhall car plants met the UK government’s electric vehicle (EV) sales mandate last year despite publicly criticising the target and announcing the closure of its Luton factory. Stellantis, which also owns the Peugeot, Citroen and Fiat brands, as well as a number of others, was the UK’s best-selling electric van…
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Could this be the future of farming? Inside Europe’s biggest vertical farm | Money News
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Outside it is the bleak midwinter. We are smack bang in the middle of some of the country’s best agricultural land. But inside the cavernous warehouse where we’ve come, you wouldn’t have a clue about any of that: there is no daylight; it feels like it could be any time of the day, any season…
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Household bills could rise by almost £270 in April, Sky News analysis suggests | Money News
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The typical household could see major bills rise by almost £270 by April, Sky News analysis suggests. The increase in costs for energy, water and council tax would outstrip inflation and add to pressure on family budgets. The first impact will be felt from New Year’s Day, with the domestic energy price cap rising for…
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Tesla recalls almost 700,000 vehicles over tyre pressure issue | Money News
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Tesla has recalled almost 700,000 of its electric vehicles because of an issue with the warning light on the tyre pressure monitoring system. Its warning light may not remain illuminated between drive cycles, failing to warn the driver of low tyre pressure and increasing the risk of a crash, the manufacturer said. The issue affects…
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Shell and Greenpeace settle climate protest case | Money News
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Shell and the environmental campaign group Greenpeace have settled a multimillion-pound lawsuit brought over an at-sea protest. The oil firm brought the case, described by Greenpeace as an act of “intimidation”, in London over an incident in January last year that saw four activists board a production vessel while in transit near the Canary Islands.…
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Bitcoin hits $100,000 as Trump picks cryptocurrency fan to head financial watchdog | Money News
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The world’s biggest cryptocurrency, Bitcoin, has been valued at more than $100,000 for the first time, spurred on by Donald Trump’s latest nomination for his presidential team. The cryptocurrency was valued at $103,280 (£81,160) as of 4.10am UK time, leaping in value by 7.9% in the previous 24 hours, according to currency converter XE.com. It’s…
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UK biggest phone network created as Three-Vodafone merger gets conditional approval | Money News
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The competition watchdog has approved the creation of the UK’s biggest phone network by allowing the merger of Three and Vodafone. Regulator the Competition and Markets Authority (CMA) issued the decision despite previously saying tens of millions could pay more due to the amalgamation. CMA approval is contingent on the new entity spending billions to…
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The electric shock behind Europe’s stuttering EV future – and how China has leapfrogged major car-exporting nations | Money News
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Across Europe, car companies are cutting jobs and shutting factories – to the extent that some question their very existence. So it’s worth asking the question: what’s gone wrong with Europe (and for that matter America’s) car industry? While some will reach for their own pet conclusions (Brexit! Electric vehicle deadlines! Government regulations!) in practice…
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UK’s electric vehicle market is doing better than you might think | Money News
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To listen to UK car manufacturers in recent weeks has been to hear a counsel of despair over the electric vehicle market. Struggling to hit targets imposed amid mixed messages from the last government, they have lobbied the new one to relax the rules. Yet November’s figures show an industry not just hitting the 22%…
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IP Group plots sale of tech stake portfolio to Lexham | Money News
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An investment vehicle founded by one of Britain’s most prominent venture capitalists is in advanced talks to buy a portfolio of stakes in some of the country’s most promising technology companies. Sky News has learnt that Lexham Partners, which was established this year by Dominic Perks, is close to agreeing a deal to acquire shareholdings…