Prime Minister Theresa May asks EU for Brexit delay until 30 June April 5, 2019 Prime Minister Theresa May has written to Donald Tusk requesting an extension to the Brexit deadline until 30 June. She asked for an option for the UK to withdraw earlier if a deal is agreed, but admitted the delay means the UK may have to take part in the European parliament elections in late May. [...]
Brexit: Donald Tusk hints EU could back 12-month flexible Article 50 delay April 5, 2019 European Council president Donald Tusk is set to offer the UK a 12-month delay to Brexit, it is reported. Read more: House of Commons sitting suspended due to water leak Tusk would make this a “flexible” extension that allows the UK to quit the EU before the year is up if parliament agrees a deal, [...]
The current Brexit approach guarantees failure – when will the no-dealers wake up? April 5, 2019 The Brexit process resembles a slow motion car crash. But of all the many twists and turns that we have had to endure in recent weeks, perhaps the most torturous has been the path trodden by the most committed proponents of the UK’s exit from the EU: the so-called “no-dealers”. Having once been the shock [...]
Tesla’s Musk and SEC ordered to settle out of court within a fortnight April 5, 2019 Tesla billionaire Elon Musk said it was “most likely” that he and the US markets watchdog would be able to settle their differences. A US judge ordered yesterday that the two come to an agreement within a fortnight, and said she could rule on whether Musk violated his recent fraud settlement with the regulator if they [...]
Government set to hold social media firms responsible for harmful content April 5, 2019 Bosses of social media giants such as Facebook could be held responsible for rampant harmful content on their platforms, the government is set to warn next week. The Department for Digital, Culture, Media and Sport will legislate for a new statutory duty of care which will be funded through a levy on media companies, according to a [...]
Tesla shares fall after Elon Musk’s company confirms huge quarterly drop in car deliveries April 4, 2019 Tesla shares fell nearly nine per cent in early US trading this afternoon, after the electric car giant said its deliveries have suffered a record 31 per cent quarterly drop. The manufacturer’s stock value fell to $266.32 this afternoon, having closed yesterday at $291.81 as investors digested the results. Read more: Elon Musk helps Sheryl [...]
Brexit uncertainty has cost the UK economy £66bn, says S&P April 4, 2019 Brexit has cost the UK economy £66bn in lost growth, according to ratings agency S&P. Had the UK voted to remain in the EU in 2016s referendum the economy would have been three per cent larger by the end of 2018, the group’s report said. Read more: Brexit delay wins MPs' support by a margin [...]
Self-driving cars could inject £62bn into UK economy by 2030 if Brexit is a success, says trade body April 4, 2019 Self-driving cars could provide Britain's economy with a £62bn boost by 2030, but only if the UK agrees a favourable Brexit deal, a report by a leading trade body has found. The report, produced by the Society of Motor Manufacturers and Traders (SMMT), says the UK is the world's number one location for connected and [...]
Moody’s downgrades Debenhams, warning outlook remains ‘negative’ April 4, 2019 Troubled retailer Debenhams suffered a fresh blow this afternoon after being downgraded by credit ratings agency Moody’s. Read more: Sports Direct calls on Debenhams investors to protest against finance deal The department store chain’s rating has been cut from Caa1 to Ca, with Moody’s saying that the group's outlook remained "negative". "We have downgraded Debenhams' [...]
Tesla shares fall in pre-market trading as Elon Musk’s firm suffers huge quarterly drop in car deliveries April 4, 2019 Tesla’s share price looks set for a significant fall when the Nasdaq opens this afternoon, after the electric car giant told investors its car deliveries have suffered a record quarterly drop. Shares declined almost eight per cent in pre-market trading to $269.77 from yesterday’s close of $291.81 after the overnight update. Read more: Elon Musk [...]
