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Burnham Cuts EV Sales Targets to 50% by 2030 Amid Wildfire Crisis
UK PM Andy Burnham proposes cutting EV sales targets from 80% to 50% by 2030 following pressure from car makers, sparking backlash from environmental groups amid climate emergency.
Porsche Quits VW Emissions Pool, Teams With XPeng for 2026-2027
Porsche exits Volkswagen’s emissions pool to partner with XPeng for 2026-2027, offsetting higher CO2 from petrol models with Chinese EV maker’s zero-emission vehicles.
Chiba Prefecture Hit by 11,680-Home Blackout as Heavy Rain Triggers Level 4 Alert
Heavy rain causes 11,680-home blackout in Chiba Prefecture on August 13. Japan Meteorological Agency issues Level 4 alert for Ichikawa and Matsudo. Evacuation advised.
Toyota Ex-Chief Hiroshi Okuda Dies at 93, Prius Pioneer Gone
Hiroshi Okuda, former Toyota president who championed the Prius hybrid and led the automaker’s global rise, has died at 93. He was the first non-founding family member to lead Toyota in 28 years.
Gold Hits $4,400 as JPMorgan Targets $5,000 by Year-End
Gold rallies to 10-week high near $4,400 as JPMorgan forecasts $5,000 by Q4 2026. The bank cites central bank demand and economic shifts as catalysts for further gains.
Toyota (NYSE: TM) Former Chief Hiroshi Okuda, Pioneer Behind Prius Hybrid, Dies at 93
Hiroshi Okuda, the former head of Toyota Motor, has died at 93. Okuda joined Toyota in 1955 and became president in 1995, before taking over as chairman in 1999 and holding the position until 2006. He is widely remembered for backing the Toyota Prius, which went on sale in Japan in December 1997 as a…
Spirax Group (LON: SPX) Shares Tumble 10% Despite H1 Revenue Rising 5% to £863.8 Million
Spirax Group (LON: SPX) shares fell nearly 10% on Tuesday, August 11, 2026, even as the industrial engineering company reported stronger first-half results. Revenue rose 5% year on year to £863.8 million, while adjusted operating profit increased 8% to £171.1 million. The sell-off came as investors focused on the company’s unchanged full-year outlook. With expectations…
Ola Electric Q1 Results: Rs 336 Crore Loss Sends Shares Down Over 6%
Ola Electric shares fell more than 6% on August 10, 2026, after the company reported a ₹336 crore loss for Q1 FY27. The loss was lower than a year earlier, but investors paid more attention to the sharp fall in revenue. Revenue declined 45% year-on-year to ₹455 crore. This came even as vehicle registrations rose…
Indian Market Today: Sensex Falls 0.11%, Nifty Holds Above 24,500 on Global Cues
Indian stocks traded cautiously on August 10, 2026, as global signals offered mixed cues. The Sensex slipped 0.11%, while the Nifty 50 remained above the 24,500 mark. Softer US jobs data raised hopes for easier global rate conditions, but higher crude oil prices kept pressure on Indian equities. Q1 FY27 earnings also continued to drive…