NEW YORK — U.S. ports from Maine to Texas could shut down Tuesday if a union representing about 45,000 dockworkers carries through with a threatened strike. A lengthy shutdown could raise prices on goods around the country and potentially cause shortages and price increases at big and small retailers alike as the holiday shopping season … Read more
AT&T is selling its majority stake in DirecTV to private equity firm TPG Partners for $7.6 billion, ending the communication giant’s remaining ties to the entertainment industry. AT&T said Monday in a filing with the Securities and Exchange Commission that it will receive payments from TPG and DirecTV for its remaining 70% stake in the … Read more
PA Media The UK’s last coal plant, Ratcliffe-on-Soar Power Station near Nottingham, ends operations on Monday The UK is about to stop producing any electricity from burning coal – ending its 142-year reliance on the fossil fuel. The country’s last coal power station, at Ratcliffe-on-Soar, finishes operations on Monday after running since 1968. This marks … Read more
MILAN — Italy’s Stellantis, the world’s fourth largest carmaker, slashed its earnings forecast on Monday, citing investments to turn around its U.S. operations amid a wider industry slump and increased Chinese competition. Stellantis said it was accelerating efforts to turn around North America, including bringing dealer inventory levels to no more than 300,000 vehicles by … Read more
PA Media The minimum price at which alcohol can be sold in Scotland has risen by 30% in an attempt to keep up with inflation over the past six years. The minimum unit price has not changed since it was set at 50p per unit of alcohol when it was first introduced in May 2018. … Read more
LONDON — Britain’s last coal-fired power plant will close on Monday, ending 142 years of coal-generated electricity in the nation that sparked the Industrial Revolution. The Ratcliffe-on-Soar station in central England is to finish its final shift at midnight, after more than half a century of turning coal into power. Owner Uniper says many of … Read more
ATHENS, Greece — Two people died overnight in a large wildfire burning through forestland in Greece, near a seaside resort in the country’s south, authorities said. The fire service said about 350 firefighters, assisted by 18 water-dropping aircraft, managed to largely bring the blaze near Xylokastro in the Peloponnese region under control early on Monday. … Read more
TOKYO — Japanese Prime Minister Fumio Kishida will step down Tuesday, handing over leadership to his successor Shigeru Ishiba, who is expected to formally take office later in the day. He says he plans to call a snap election for Oct. 27. Kishida’s popularity ratings were precarious during most of his three-year term due to … Read more
Getty Images UK house prices in September rose by 3.2% compared with a year ago – the fastest rate for nearly two years, according to Nationwide. The building society said that annual growth was highest since November 2022, with terraced homes driving the increase. It said rising incomes and mortgage rate cuts were improving affordability … Read more
UK economic growth between April and June was less than previously estimated, according to official figures. Gross domestic product (GDP) – which measures all the economic activity of companies, governments and people in a country – rose by 0.5%, down from an initial reading of 0.6%. The manufacturing and construction sectors fell by more than … Read more