Friday 06/10/23

In MACRO NEWS, the WTO cuts trade forecasts, Starmer refuses to go against the HS2 decision while a train manufacturer is in hot water. In CAR NEWS, GM launches an all-electric line-up but faces potentially massive recall, Sunak's EV actions look likely to hit sales and fewer people are buying EVs - although overall new car sales are up - while VinFast's losses pile up. In REAL ESTATE NEWS, house building sees a major decline, shifts in rental property give build-to-rent landlords a big opportunity and Saudi Arabia invests big into a digital theme park start-up. In MISCELLANEOUS NEWS, calls for AI "guard rails" increase, Amazon and Microsoft attract the CMA's attention, Disney makes a push in India, consumer savings run down, Ikea bets on the high street and Metro Bank has a 'mare. AND FINALLY, I bring you a great father-son surfing moment...


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