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Polestar CEO Pushes EU to Keep 2035 ICE Ban as EV Sales Surge, June 19
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Polestar CEO Pushes EU to Keep 2035 ICE Ban as EV Sales Surge, June 19

Polestar CEO opposes EU’s 2035 ICE ban softening, citing strong EV adoption and infrastructure readiness. European EV sales grew 30% in 2025.

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Portugal Drops to 40th in Global Competitiveness, June 19
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Portugal Drops to 40th in Global Competitiveness, June 19

Portugal drops to 40th in IMD World Competitiveness Ranking as business efficiency and government effectiveness weaken significantly.

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SpaceX Soars Past Amazon as Michael Burry Questions Valuation, June 19
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SpaceX Soars Past Amazon as Michael Burry Questions Valuation, June 19

SpaceX stock surged 50% post-IPO to $2.66T market cap. Michael Burry questions valuation; Oppenheimer targets $250. Analyst consensus remains bullish.

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UK Supreme Court Rules Against Gerko in £22.5M Tax Dispute, June 18
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UK Supreme Court Rules Against Gerko in £22.5M Tax Dispute, June 18

UK Supreme Court rules against billionaire trader Alex Gerko in £22.5M tax dispute over fund structure and income tax classification.

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Rivian Cuts 300 Jobs as R2 Launch Falters, Stock at $16.26
📅 2 hours ago

Rivian Cuts 300 Jobs as R2 Launch Falters, Stock at $16.26

Rivian lays off less than 2% of workforce after R2 launch. Stock falls to $16.26 as company pursues profitability.

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Switzerland Drops to Third in Global Competitiveness Ranking, June 18
📅 4 hours ago

Switzerland Drops to Third in Global Competitiveness Ranking, June 18

Switzerland drops to third in IMD competitiveness ranking as foreign investment plummets. Singapore reclaims top spot, Hong Kong second.

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Bank of England Holds Interest Rates at 3.75% as 7 of 9 MPC Members Vote to Pause Hikes
📅 8 hours ago

Bank of England Holds Interest Rates at 3.75% as 7 of 9 MPC Members Vote to Pause Hikes

The vote split tells the real story today. The Bank of England held the base rate at 3.75% on June 18, 2026, with the Monetary Policy Committee voting 7-2 to maintain the current level. The MPC kept interest rates unchanged, a decision widely expected by economists and consistent with Reuters poll forecasts. This marks the…

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Tesco Sales Growth Halves to 1.8% as Middle East Conflict Dents Shopper Confidence; Stock Falls 2.4%
📅 8 hours ago

Tesco Sales Growth Halves to 1.8% as Middle East Conflict Dents Shopper Confidence; Stock Falls 2.4%

The slowdown is sharp, even if sales are still rising. Tesco’s UK sales growth more than halved in its first quarter, with comparable sales rising 1.8% to £13.4 billion in the three months to the end of May 2026, down from 4.2% in the prior comparable period. The retailer said weaker consumer confidence and higher…

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EQT Strikes £9.5 Billion Deal for Intertek, Valuing Shares at £61.077 Including FY25 Dividend
📅 8 hours ago

EQT Strikes £9.5 Billion Deal for Intertek, Valuing Shares at £61.077 Including FY25 Dividend

Three rejections couldn’t stop this deal. The fourth offer did. Intertek Group agreed to a recommended cash acquisition by EQT. EQT strikes through newly formed Isotope Bidco on June 18, 2026, in a deal valuing the testing, inspection and certification company at approximately £9.5 billion. Intertek shareholders will receive £60 in cash per share and…

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