Beef prices in the United States have surged to historic levels, turning a common grocery item into a political crisis. Donald Trump, who once claimed inflation was “dead,” now faces growing criticism as rising beef costs threaten his promise to make groceries more affordable. This week, he urged ranchers on social media to lower cattle prices. But his call — and his administration’s other proposals — have sparked outrage among ranchers, who warn these measures could harm small producers while doing little to reduce costs for consumers. America’s cattle industry in decline The US cattle industry has been shrinking for…
Author: Grace Johnson
US President Donald Trump will meet Chinese President Xi Jinping in South Korea on 30 October. The White House confirmed the meeting, scheduled on the sidelines of a major Asian summit. The encounter has been planned for weeks, though rising friction between Washington and Beijing nearly derailed it. This will be the first in-person meeting between the two leaders since Trump returned to office. Trump has warned he will impose a 100% tariff on Chinese imports in November if Beijing does not ease its rare earth export restrictions. White House confirms high-level talks White House press secretary Karoline Leavitt confirmed…
Tesla posted its highest quarterly revenue ever, yet profits fell sharply. Rising tariffs, increasing research costs, and strong competition pressured earnings despite high demand. Revenue climbs while profits drop For the quarter ending September, Tesla reported $28 billion (£21 billion) in revenue, a 12% rise from last year. Profits declined 37% due to higher tariffs and expanded research and development spending. Investors reacted cautiously. Tesla shares fell 3.8% in after-hours trading. Despite the drop, the company’s market value remains around $1.4 trillion, fueled by confidence in Elon Musk’s AI and robotics ambitions. Federal tax credits boost US sales Tesla reversed…
Several large U.S. companies have raised their full-year guidance, signaling optimism about economic conditions and business performance. General Motors, RTX Corp, and other major firms reported stronger-than-expected results and adjusted their outlooks upward, reflecting confidence in revenue growth and profitability. The guidance upgrades highlight strength in key sectors such as automotive, aerospace, and industrials. Companies cited ongoing demand, operational efficiency, and favorable market conditions as reasons for raising expectations. Investors responded positively, viewing the news as evidence of resilient corporate performance amid broader economic uncertainty. Corporate guidance is an important indicator of business confidence. When companies raise their full-year outlook,…
Donald Trump said he did not want a “wasted meeting” after scrapping plans for direct talks with Russian President Vladimir Putin over the war in Ukraine. Speaking at the White House on Tuesday, the US president said Moscow’s refusal to halt fighting along the current front line blocked any meaningful progress. White House ends plans for Budapest summit A White House official confirmed there were “no plans” for a Trump-Putin meeting “in the immediate future.” The statement came just days after Trump had said both leaders would meet in Budapest within two weeks. Differences between Washington and Moscow over peace…
Amazon Web Services (AWS) said late Monday that it had fixed a major outage that left thousands of websites and apps offline worldwide for most of the day. More than 1,000 platforms — including Snapchat and major banks like Lloyds and Halifax — were affected by problems in Amazon’s US-based cloud network. Downdetector, a global outage tracker, recorded more than 11 million reports during the disruption. Experts said the event highlighted the risks of concentrating critical internet infrastructure in the hands of a few powerful companies. Millions affected by a single system failure Professor Alan Woodward from the University of…
After 11 months and 35 matches, Rúben Amorim finally achieved a breakthrough at Manchester United. The Portuguese coach had once called his team “maybe the worst in the club’s history.” Criticism swirled around him, his future looked uncertain, and only Sir Jim Ratcliffe’s public support kept him in the job. Then came Anfield — the home of United’s fiercest rivals. There, Amorim’s team showed they could fight with purpose and belief. A victory forged through grit This was no lucky escape like last December’s win at Manchester City. United began the game with intensity and focus. Bryan Mbeumo scored early,…
When Kerry Dunstan and his partner started searching for an electric car this summer, one question topped their list: “How’s the battery?” They found a 2021 Nissan Leaf with 29,000 miles on the clock. The dealer said its state of health (SOH) was 93%. That was enough to convince them. For £12,500, they bought a spacious, reliable electric car with plenty of room for passengers and luggage. Dunstan, a cabinetmaker who also owns a sleeker electric Volvo SUV, admits the Leaf doesn’t thrill him. “I like cars with flair – this one’s a bit plain,” he says. Still, he’s happy.…
Lamborghini’s chief executive says the brand’s identity still depends on the sound, power, and emotion of combustion engines. The Italian supercar maker plans to use them for at least another decade before fully switching to electric. Hybrids lead the way At Lamborghini’s London showroom, CEO Stephan Winkelmann said enthusiasm for electric cars is slowing. He sees this as an opportunity to focus on hybrid technology that combines emotion and performance. The company will decide within weeks whether its upcoming grand tourer, the Lanzador, will be fully electric or a plug-in hybrid. Winkelmann stressed that Lamborghini acts responsibly but noted that…
A surprise phone call between US President Donald Trump and Russian President Vladimir Putin on Thursday disrupted Ukrainian President Volodymyr Zelensky’s mission in Washington. The two leaders agreed to meet soon to discuss the war in Ukraine, catching Kyiv off guard and complicating Zelensky’s push for advanced US weapons. The timing was stark. Within 24 hours, Russia launched dozens of missiles and more than 300 drones across Ukraine. Civilian infrastructure suffered once again, with gas pipelines damaged and power stations hit just as freezing temperatures arrive. Rolling blackouts now spread nationwide, raising fears of a harsh winter. Moscow’s strikes mask…