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December UK interest rate cut unlikely despite GDP slowdown; vaccine-maker shares hit by RFK Jr nomination – business live

December interest rate cut unlikely despite summer slowdown High interest rates also weighed on the UK economy over the summer. The Bank of England kept interest rates at a 16-year high of 5.25% until August, when it cut them to 5% (followed by a cut to 4.75% last week). Suren Thiru, ICAEW economics director, suspects […]

Toyota Global Production Falls 7% in First Half of Year, Hit by Certification Issues and China Slowdown

TOKYO, Oct 31 (News On Japan) – Toyota Motor Corp. announced that its global production from April to September fell by 7% compared to the previous year, totaling 4,705,037 units. This is the first time in four years that production figures have fallen below the prior year’s results. Contributing factors included a three-month production halt […]

South Siders Urge Slowdown On Quantum Computing Campus

SOUTH CHICAGO — Quantum computing promises to outpace today’s supercomputers, processing complex data at breathtaking speeds that could accelerate advancements in technology, medicine and national security. But South Siders who live near the former U.S. Steel South Works site are begging local and state officials to slow down on development of the land that would […]