Business

Emmanuel Macron’s ‘grand bargain’ with Germany lies in tatters

Mr Macron’s implicit bargain with Germany and EU elites five years ago was that he would ram through a Thatcherite shake-up, sugared by cultural Leftism. It was to be a Gallic variant of Gerhard Schröder’s Hartz IV in the early 2000s, the reforms that propelled Germany agenda from sick man of Europe to lean competitor, …

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Here’s How Much Nintendo’s Directors Made This Year

Image: Nintendo Life Nintendo’s executives are known for taken home fairly modest sums of money in comparison to their western counterparts. We reported last year that the top three directors at Nintendo – Shuntaro Furukawa, Shigeru Miyamoto, and Shinya Takahashi – between $1.75 – 3 million each when converted from yen to dollars. Compared to …

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Government backs British start-up vying to break China’s battery stranglehold

The Government has invested in a company hoping to help end Britain’s reliance on China for a key electric battery component. Livista Energy’s bid to set up one of the first lithium refineries in Europe has won support from the Government. The new plant, set to be built in England, will produce the materials required …

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Break-up of nuclear sub contractor to start within months of US takeover

The break-up of one of Britain’s most sensitive defense companies will begin as soon as this year if a US takeover is signed off by the Government. Parts of Ultra Electronics will be offloaded within months by Boston-based Advent International if its £2.6bn sale is approved by the Business Secretary Kwasi Kwarteng, insiders said. Advent …

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The TikTok generation’s anti-work movement is dangerous and unrealistic

Enjoying work shouldn’t be considered old-fashioned – many find that their job is the most satisfying part of life and for good reason, although few would dare admit that out loud. Online groups which promote quitting when times get tough could be encouraging a blanket intolerance to working life that could see some young people …

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British microchip factory faces shutdown if China deal approved, ministers warned

Britain’s biggest microchip factory is likely to be closed and production shifted to Shanghai if ministers allow a Chinese takeover of the business to go ahead, a report has warned. Researchers at the Policy Exchange think tank claimed there was a “strong possibility” that Newport Wafer Fab’s new owner, Nexperia, will in future seek to …

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Jaguar Land Rover’s battle to stop dealers selling in China

It pushed JLR to a pretax loss of £412m for the year through March, compared to a £662m profit the year before. Its operations were “significantly impacted by the constraint on production and sales resulting from the global chip shortage,” it said. Other European car manufacturers, however, have had a record profitability, plowing the computer …

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World is on ‘tipping point’ of permanently high prices

But soaring prices have persisted, forcing monetary policymakers to rapidly raise interest rates. The BIS, which is considered the central bank of central banks, said: “We may be reaching a tipping point, beyond which an inflationary psychology spreads and becomes entrenched. This would mean a major paradigm shift.” The Bank of England has warned of …

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