Ben Pruchnie / Getty LONDON — Former Chancellor George Osborne had a secret plan to get rid of 1p and 2p coins, but was stopped by then-Prime Minister David Cameron who worried the move would harm the image of the Conservative party, according to The Guardian. Osborne reportedly came within weeks of scrapping coppers shortly after winning […]
WPA Pool / Pool Prime Minister Theresa May LONDON — Prime Minister Theresa May’s pledge to cut annual immigration below 100,000 could cause “huge” economic damage to the UK, according to a new report by the Centre for Economics and Business Research. The analysis, reported by the Financial Times, found that cutting net migration below […]
AP Photo/Mark J. Terrill US President Donald Trump President Trump’s 2018 budget proposal details many federal programs he’d like to cut. But his budget figures don’t jive with his policies because of something called “dynamic scoring.” For example, Mr. Trump’s treasury secretary, Steven Mnuchin, wants to reduce the US business tax rate from 35% to 15%, but […]
[unable to retrieve full-text content] AP Photo/Charlie Riedel Kansas Governor Sam Brownback President Trump’s tax plan doesn’t have a lot of details yet, but Treasury Secretary Steven Mnuchin gave us one big clue: a proposed 15% business tax rate, a big drop from the current 35%. But ask some Kansans and you’ll learn how that kind of […]
Please enable Javascript to watch this video The unique footwear company Crocs just launched a new campaign featuring actress Drew Barrymoore and WWE superstar and actor John Cena. Crocs’ “Come As You Are” campaign is digital-only, and hopes to use its positive messaging to attract a new demographic that can give the struggling brand some much-needed momentum. Business InsiderFinance – Business Insider
TED Talk Tesla is pushing back the timeline for its solar roof roll-out. CEO Elon Musk said in March that the company would begin taking orders for its four solar roof shingle options this month. But during a TED Talk Friday, Musk said that two of the tile options won’t be available for purchase until early […]
Rebecca Cook/Reuters Ford is aggressively trying to achieve an average fuel economy for its fleet of 54.5 miles per gallon by 2025. That might come as a surprise considering the company was one of several auto companies that pushed the Trump administration to revisit emissions standards earlier this year. But Fields told Business Insider that […]
John Phillips/Getty Images for TechCrunch TransferWise CEO and cofounder Taavet Hinrikus. LONDON — The CEO of online money transfer business TransferWise has attacked plans to fund Donald Trump’s border wall with Mexico through a tax on money sent from the US to Latin America. Taavet Hinrikus told Business Insider the proposal is “outrageous” and said […]
REUTERS/Kevin Lamarque As the Trump administration moves to re-examine the international agreements that have underpinned trade in the US over the past few decades, UPS, one of the nation’s largest employers, has weighed in on NAFTA and Openskies. On Tuesday, at its investor’s conference, UPS CEO David Abney told reporters that his company is “encouraged” […]
Reuters Ford’s business is going to look a lot different one day. The auto giant has big plans to transform itself from a company that just sells cars to a company that touches all aspects of mobility. Under the leadership of CEO Mark Fields, Ford has made a number of big bets in autonomous tech, […]