Tesla told employees that it expects to lose the full $7,500 federal tax credit on its cheapest electric car because the batteries come from China. Since January, some electric automakers have been enjoying a surge in demand thanks to the new federal tax credit program for electric vehicles coming into place. Tesla has been the
A new floating storage and regasification unit considered crucial to Italy’s energy independence arrived in Tuscany on March 19, 2023. The Golar Tundra project is a key part of Italy’s plan to reduce its reliance on Russian gas following the invasion of Ukraine. Filippo Monteforte | Afp | Getty Images Europe’s rapid buildout of liquefied
Sir Keir Starmer paid £67,033 to HMRC in the last financial year, his tax returns show. The Labour leader published the details after Rishi Sunak released his on Wednesday, following months of political pressure. Sir Keir’s document shows he paid £67,033 in total tax for the 2021/22 financial year, and £51,547 the previous year. It
A Nigerian senator, his wife and a medical “middleman” have been found guilty of conspiring to traffic a market trader to the UK to harvest his kidney. Politician Ike Ekweremadu, his wife Beatrice and daughter Sonia stood trial accused of a conspiracy to bring the man to Britain from Lagos for his body part. It
The Bank of England has revealed it no longer believes the UK will face a technical recession this year, as it raised the interest rate by a further quarter percentage point. The unexpected change to its forecast was contained in the minutes alongside its decision to raise borrowing costs for an eleventh successive time to
Whisper it, but could the Brexit and Boris bandwagons be gradually trundling off into the distance? Let’s start with Brexit. The most politically important development of a packed Westminster Wednesday was arguably what didn’t happen. Boris Johnson, the European Research Group of Brexiteers and the DUP all objected to the government’s EU deal and yet
A rare yet powerful tornado struck a Los Angeles suburb on Wednesday, ripping roofs off a line of commercial buildings and sending the debris twisting into the sky. One person was injured in the extreme weather, with the National Weather Service confirming the tornado had touched down in Montebello at around 11.20am on Wednesday. The
There was some unexpected good news buried in the documents released by the Bank of England alongside its interest rate decision today. Only a month ago the Bank had expected that the UK would face a technical recession this year with the economy shrinking in the first and second quarters of the year (a formal
In this article BTC.BS=-USS BTC.CB= BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT Cryptocurrency industry insiders predict bitcoin could hit a new all-time high in 2023 and possibly reach $100,000. It comes after a noted investor bet that the digital currency could go to $1 million in 90 days. Chris Ratcliffe | Bloomberg | Getty Images
6:25 PM ET Ohio State quarterback C.J. Stroud kicked off a string of pro day workouts for top quarterback prospects in the 2023 NFL draft on Wednesday. NFL team scouts and evaluators will enjoy a three-day stretch of pro days featuring Stroud, Alabama’s Bryce Young and Kentucky’s Will Levis, while Florida’s Anthony Richardson will follow
Actress Lindsay Lohan, rapper Akon and singer Ne-Yo have been forced to pay tens of thousands of dollars to settle claims they promoted crypto investments to their social media followers without disclosing they were being paid to do so. The group of celebrities, which also included rapper Lil Yachty, boxer and internet personality Jake Paul
Former British Military Intelligence Colonel and NATO planner Philip Ingram gives his analysis on the Donbas region of Ukraine. #ukrainewar #skynews SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to
The body of 19-year-old Stephen Smith, who was found dead in the middle of a South Carolina road in 2015, will be exhumed, his family announced last week. The news comes almost two years after state authorities reopened a probe into his death based on information learned while investigating the murders of Margaret “Maggie” Murdaugh
One of the largest lithium producers globally, Albermarle Corp, announced plans Wednesday to make Chester County, South Carolina home to its new $1.3 billion Mega-Flex lithium processing facility. The plant, once open, is expected to support the production of roughly 2.4 million EVs each year. Albermarle announces $1.3B Mega Flex lithium plant in SC With
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images The Securities and Exchange Commission issued crypto exchange Coinbase a Wells notice, warning the company that it identified potential violations of U.S.
The government is cutting benefit payments to some of Britain’s poorest families or threatening them with debt collectors in a raid that is “plunging people into poverty”. More than a million people have had their universal credit payments cut over the past year because they were overpaid tax credits in the past by HMRC. Some
Lindsay Lohan attends/performs during a photocall for “Speed The Plow” at Playhouse Theatre on September 30, 2014 in London, England. Tim P. Whitby | Getty Images The Securities and Exchange Commission has unveiled fraud and unregistered securities charges against crypto founder and Grenadian diplomat Justin Sun, alongside separate violations against the celebrity backers of his
Two organic compounds essential for living organisms have been found in samples retrieved from the asteroid Ryugu, buttressing the notion that some ingredients crucial for the advent of life arrived on Earth aboard rocks from space billions of years ago. Scientists said on Tuesday they detected uracil and niacin in rocks obtained by the Japanese
The Federal Reserve – the US central bank, known as the Fed – has increased interest rates for the ninth time in a row. The rate has been increased by 0.25 percentage points in an effort to bring down inflation, which in the US stood at 6% over the 12 months to February. A higher
Gwyneth Paltrow’s accuser “deteriorated abruptly” after the US actress allegedly crashed into the back of him on the ski slopes, a court has been told. Terry Sanderson, 76, showed “all the typical hallmarks” of someone who had suffered a brain injury after the 2016 collision, according to radiologist Wendell Gibby, who carried out tests on