Category: business
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Norway to Phase Out Electric Vehicle Tax Breaks by 2027 — Tesla and Other Mid-Market EVs to Face Higher Costs
Oslo, October 15, 2025 — The Norwegian government has announced plans to gradually phase out key tax exemptions for electric vehicles (EVs) over the next two years, marking the end of one of the world’s most generous EV incentive programs. The move will impact popular models such as Tesla’s Model Y, Volkswagen’s ID.4, and other…
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Nissan Recalls Over 173,000 U.S. Vehicles Due to Fuel Pump Fuse Defect That May Cause Engine Stalling
Tokyo/Detroit, October 15, 2025 — Japanese automaker Nissan Motor Co., Ltd. (7201.T) has announced a major recall of 173,301 vehicles across the United States over a potential fuel pump fuse defect that could lead to engine stalling while driving, according to a report by the U.S. National Highway Traffic Safety Administration (NHTSA) on Wednesday. The…
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Stellantis Recalls Nearly 300,000 Dodge Vehicles in the U.S. Over Rollaway Risk
October 15, 2025 – Detroit, Michigan — Global automaker Stellantis NV (STLAM.MI) has announced a major recall of 298,439 vehicles in the United States due to a defective shifter cable that could cause the park function to fail, creating a potential rollaway risk, according to a statement from the U.S. National Highway Traffic Safety Administration…
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Apple Urges India to Reform Tax Laws That Could Hinder Its iPhone Expansion Plans
New Delhi, October 15, 2025 — Global tech giant Apple Inc. (AAPL.O) is lobbying the Indian government to amend its income tax laws, arguing that outdated rules could impede the company’s ambitious manufacturing and retail expansion in the world’s second-largest smartphone market, according to multiple sources familiar with the matter. The proposed changes relate to…
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UK Watchdog Proposes Major Overhaul of $8 Billion Veterinary Industry to Boost Transparency and Lower Costs
Britain’s Competition and Markets Authority (CMA) has announced sweeping reforms to the UK’s $8 billion veterinary sector, aiming to increase transparency, improve competition, and reduce costs for pet owners. The regulator’s review found that many consumers overpay for veterinary medicines and are often unaware of how prices compare across clinics. CMA Unveils 21 Measures to…
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Glass Lewis Ends Benchmark Recommendations Amid Political and ESG Pressure
Major proxy advisory firm Glass Lewis & Co LLC has announced a significant shift in its corporate governance services. Beginning in 2027, the company will discontinue its long-standing “benchmark” voting recommendations, replacing them with a more personalized, AI-driven advisory framework. The move comes amid intensifying scrutiny from U.S. lawmakers and growing divergence between global investors…
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IMF Urges Bank of England to Proceed With ‘Extreme Caution’ on Future Rate Cuts
London/Washington — The International Monetary Fund (IMF) has cautioned the Bank of England (BoE) to move “very cautiously” with any future interest rate cuts, warning that inflation in the United Kingdom is likely to remain the highest among G7 economies well into 2026. The remarks from IMF Chief Economist Pierre-Olivier Gourinchas come as the global…
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Bank of England Shortens Bonus Deferral Period for Senior UK Bankers
London, United Kingdom — The Bank of England (BoE) has confirmed that senior bankers across the UK will now receive their bonuses much sooner under a newly approved compensation regime. The central bank’s latest decision marks a significant shift away from stringent post-financial crisis regulations, cutting the waiting period for full bonus payments nearly in…
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Inside Novo Nordisk’s “Club 5,000”: Danish Job Cuts Accelerate Amid Obesity Drug Competition
Key Highlights Layoffs Hit Core Operations Sources told Reuters that layoffs are impacting manufacturing, research, IT, sustainability, finance, and quality control teams — including workers at major production hubs in Kalundborg and Hillerød. New CEO Under Pressure Mike Doustdar, who became CEO in August 2025, faces immense pressure to execute quickly. At a recent town…
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Pfizer CEO Calls for Stronger U.S.-China Collaboration in Biopharma Innovation
NEW YORK, October 15, 2025 — Pfizer Chief Executive Officer Albert Bourla has urged the U.S. pharmaceutical industry to deepen collaboration with China’s fast-growing biopharma sector, highlighting China’s rapid ascent as a global leader in drug discovery and development. Speaking at the National Committee on U.S.-China Relations Gala in New York on Tuesday, Bourla emphasized…
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