Thursday 09/03/23

In MACRO, ENERGY & CRYPTO NEWS, Germany rejects the EU's engine ban timetable, the UK looks likely to avoid recession but growth will be meh, Cornwall could be the key to a different power source and crypto bank Silvergate winds down. In EMPLOYMENT & CONSUMER-RELATED NEWS, Britain plans looser foreign worker rules, banks get told off for not passing on interest rate rises, first-time buyers see mortgage repayments boom and house prices fall. In TECH NEWS, TikTok continues to face a load of flak, the Netherlands restricts chip exports and AI gets a bad rap. In CAR NEWS, VW puts a battery plant on hold, Tesla steering wheels fall off, BMW gives Oxford reason to cheer and GM's EV push stalls. In MISCELLANEOUS NEWS, EY delays its break-up vote, Adidas cuts its dividend, Spotify launches a new service and TRG announces closures. AND FINALLY, I bring you a bacon hack and an optical illusion...


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