Category: Uncertainties
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BMW delays electric Mini production at Oxford, over ‘multiple uncertainties’
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BMW has confirmed a delay in the production of electric vehicles (EV) in its famous mini factory in Oxford, which blames factors that make up the besieged car sector. The German car maker said that the decision includes stopping the upgrade of 600 million pounds for the facility and refused…
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Shekel weaker amid hostage release uncertainties
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A week later, the Israeli currency was appreciated against the world’s major currencies, weakening the shekel today. Early in the afternoon, the SHEKEL exchange rate – the dollar exchange rate increased by 0.82 % at 3.591/$ and Shekel – the euro rate by 0.68 % in NIS 3.705/€. Yesterday, the…
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UK retail sales rise unexpectedly in September despite economic uncertainties
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UK retail sales rose unexpectedly in September, defying analysts’ expectations of a contraction, as consumers increased their spending on technology despite looming tax rises and economic uncertainties. According to the Office for National Statistics (ONS), retail transactions rose 0.3% in September, building on a strong 1% increase in August. Analysts…