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...“But the tax incentives are helping companies make the decision to speed up investment and to ensure manufacturing is happening in the United States.”...
...The region’s airline bosses have warned that their companies are at a disadvantage because of the EU’s tough climate rules, and called for global standards that would capture all flights and not just those...
...“If the law is passed, it will lead to the exodus of young people, brain drain, and the de facto destruction of the entire NGO sector,” said Vano Chkhikvadze of the Civil Society Georgia Foundation in Tbilisi...
...The company will save $2.6bn by launching the SUV from Normal, Illinois rather than Georgia and would expand the Midwestern plant’s capacity to 215,000 vehicles per year, according to the filing....
...Rivian is pausing construction of a new factory in Georgia and instead plans to build its new, less expensive sport utility vehicle at its plant in Illinois....
...The US is backing Intel because it sees the company’s new foundry business — making chips on behalf of other companies, not just to Intel’s own designs — as an important national asset....
...Garcia vowed a high-speed U-turn. His company would slash costs and its heady ambitions for growth would take a back seat to proving efficiency....
...But even that is a matter of debate in polarised Georgia....
...Between 2014 and 2017, she orchestrated a £5bn investment scam in China through a company called Tianjin Lantian Gerui Technology Company....
...Witness the spate of high-level desertions suffered by Climate Action 100+, an association of investors that engages with polluting companies to reduce emissions....
...Slowing growth of electric vehicle sales has caused a series of corporate U-turns. While sharp swerves are never fun, the change in direction is sensible....
...But Echave said airlines had turned to using larger aircraft and shifted an increasing number of their routes from short-haul to long-haul, which allows passenger numbers to rise within the airport’s limits...
...“Sustained consumer demand” across its network of long-haul flights was driving its recovery, according to the airline, which is majority owned by Sir Richard Branson’s Virgin Group....
...Jim PickardThere have been an awful lot of U-turns....
...Starmer announced the U-turn this month after a drawn out period of internal arguments over whether the pledge, made in 2021 when borrowing rates were close to zero, was still affordable at a time of higher...
...Fortescue is one of the largest single companies at the end of many German groups’ supply chains....
...the funds would go into an vehicle focused on companies that build AI infrastructure....
...We can only hope for shareholders’ sakes that the company‘s new head of HR is stricter on perks. But hey, look on the bright side, at least he seems to have actually moved....
...The National Bank of Georgia’s U-turn came soon after Georgian Dream chair Irakli Kobakhidze publicly warned against freezing Partskhaladze’s assets....
...The substance and style of Labour’s biggest U-turn for years demonstrated the ascendancy of cautious Blairites inside Britain’s main opposition party, as the green prosperity plan joined a long list of radical...
...“We don’t want to overburden companies,” said Lukas Köhler, deputy head of the FDP group in the German parliament....
...The US International Development Finance Corporation (DFC) has invested $105mn into TechMet, a $1bn critical minerals fund, which has pledged $50mn of equity for Rainbow Rare Earths, the company behind the...
...Labour will retain two elements of the original green plan, a state-owned energy company called GB Energy, costing a one-off £8.3bn, and a £7.3bn “national wealth fund” to invest in the decarbonisation of...
...Chart du jour: Inside Mariupol Let the FT’s awesome Visual Investigations team take you inside Russia’s new Potemkin village, where locals live in perilous conditions while Russian companies profit from...
...A state-owned energy company called GB Energy will cost a one-off £8.3bn and a £7.3bn “national wealth fund” will be set up to invest in the decarbonisation of heavy industry....
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