Australia set for U-turn to rate hike in break from global trend
Australia’s central bank faces the uncomfortable prospect of going against the global grain and switching back to raising interest rates this week to douse resurgent inflation,…
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Uturn
After UK’s pubs U-turn, hotels and cafes warn of tax ‘nightmare’
Higher levies come on top of an increase in the minimum wage, national insurance contributions – a payroll tax – rental and energy costs, and a tourism tax for hotels WHEN his food chain…
Trump’s U-turn on fuel economy rules lifts European carmakers' shares
The Trump administration cast the change, aimed at making it easier for automakers to sell petrol-powered cars Shares of European carmakers jumped between 2.5 per cent and 5 per cent in…
Puma to cut 900 jobs globally by 2026, initiates business U-turn after sales declines
Shrinking market share, weak demand and US tariffs prompt Puma to warn of annual loss German sportswear maker Puma on Thursday (Oct 30) said it would cut 900 jobs in its corporate…
Republicans look to make a U-turn on federal commitment to electric vehicles for the Postal Service
A year after being lauded for its plan to replace thousands of aging, gas-powered mail trucks with a mostly electric fleet, the U.S. Postal Service is facing congressional attempts to…
Trump’s U-turn on Nvidia spurs talk of grand bargain with China
Only a few years ago, the Biden administration declared export controls a “new strategic asset” to help the US maintain “as large a lead as possible” over China in advanced technology. US…
Trump baffles with sudden U-turn on China buying Iranian oil
US President Donald Trump on Tuesday (Jun 24) appeared to undermine years of US sanctions on Iran, giving its biggest customer, China the green light to carry on buying its oil as he seeks…
Trump U-turn on NYC’s congestion pricing programme could dampen ST Engineering sentiment, but limited impact expected
THE Trump administration reversed federal approval for New York City’s congestion pricing programme on Feb 19. Even though ST Engineering’s subsidiary in the US, TransCore, runs the…
MAGA furious over Donald Trump's apparent U-turn on Jimmy Carter
Many MAGA supporters are against a eulogy President-elect Donald Trump posted on Truth Social about former President Jimmy Carter, who died on Sunday. Newsweek reached out to Trump's…