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Business

The latest published reporting in this category.

Finance

UK house prices fall at steepest rate in more than three years

October drop of 0.6% leaves average price of property at £296,285, says Lloyds, as high mortgage rates hit market UK house prices fell at the steepest rate in more than three years in October, marking the fourth consecutive monthly decline, as high mortgage rates hit the housing market. The average price of a typical UK property stood at £296,285 last month as prices unexpectedly dropped 0.6% compared with September, the steepest fall since the lender Lloyds recorded a 1.6% drop in August 2023. Continue reading...

The Guardian
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Finance

Tesla to wind down Cybertruck production as Elon Musk focuses on robotics and AI

Decision made in order for factory in Texas to be used for Cybercab, the carmaker’s self-driving taxi Elon Musk has announced that Tesla will wind down production of its Cybertruck, marking the end of a failed effort to take a chunk of the lucrative market for pickups in the US. The billionaire chief executive said production of the car would stop in about the middle of next year at the company’s factory in Texas in order to use the plant for the Cybercab, its self-driving taxi. Continue reading...

The Guardian
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Finance

Dream ticket? Super-rich can sleep pretty with Singapore Airlines ‘largest double bed in the sky’

Cabin upgrade comes as airlines compete for wealthy customers in race to the top of luxury travel Singapore Airlines has said it will offer the “largest double bed in the sky” as part of a S$2bn (£1.2bn) cabin upgrade as super-rich passengers demand ever greater levels of luxury travel. The first-class premium cabins will feature what the airline claims is “the largest double bed in commercial aviation”. Continue reading...

The Guardian
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Finance

Why gold prices are surprisingly low

Gold tends to go up when there's uncertainty in the economy. For a while, the price reflected that. But this week, it dropped from a nearly $5,600 in January to below $4,000. What's going on?

NPR
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Finance

M&S takes on John Lewis in Christmas ad battle with topless ‘shredded Santa’

James Norton and Lucy Punch star as a youthful Mr and Mrs Claus in lively ad about shared moments as well as shopping For years the “Christmas advert moment” has belonged to one brand. John Lewis’s syrupy commercials featuring piano ballads and tearjerker storylines have given the 160-year-old department store a cultural head start in the dash for festive profits. This year, however, there’s one high-street rival with a sackful of tricks to make up the ground. Marks & Spencer has brought out the big guns – in the form of a topless Santa, played by the small-screen heart-throb James Norton. Con

The Guardian
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