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UK Car Production Declines to Lowest Level in 70 Years Amid Trump Tariffs
The UK Car Production experienced a significant decline in vehicle production in April 2025, with only 59,203 vehicles manufactured marking the lowest output for the month in over 70 years, excluding the lockdown period of 2020. The drop has been attributed to ongoing tariffs imposed by the United States and fewer working days due to the Easter holiday. Major Contributing…
Reeves Unveils £25 Billion Plan for Pension ‘Megafunds’
The UK government announced a comprehensive overhaul of its pension industry, introducing the establishment of "megafunds" worth £25 billion, which will invest a portion of their assets locally to stimulate economic growth. Chancellor Rachel Reeves detailed the initiative, designed to enhance pension returns and prioritize investments in clean energy and high-growth sectors. Key Details of the Reform The reform plan,…
Elon Musk Departs White House, Affirms Commitment to Dogecoin
Elon Musk, the CEO of SpaceX and Tesla, has announced his departure from the Trump administration after a tenure focused on reducing federal government spending. His exit comes at a critical time, shortly after he voiced concerns regarding the administration's proposed budget. Departure Details Elon Musk confirmed his resignation in a post on the social media platform X, thanking President…
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