UK loosens Israel travel advice as last evacuation flight departs Sunday
The UK government has eased its travel advice for Israel as the final evacuation flight for British nationals prepares to depart Tel Aviv on Sunday.
Business Secretary Jonathan Reynolds will hold talks with Lotus after the carmaker moved to ease concerns over the future of its UK factory.
The UK’s Business Secretary Jonathan Reynolds is set to speak with Lotus after reports that its Chinese owner, Geely, was considering shutting production at the Hethel plant in Norfolk, risking 1,300 jobs.
Lotus issued a statement saying it had “no plans” to close the factory and remained committed to the UK, its largest commercial market in Europe.
The Financial Times had reported that Lotus was weighing shifting production to a new facility in the US.
In its statement, Lotus said operations in Norfolk were continuing as normal and that it was “actively exploring strategic options to enhance efficiency and ensure global competitiveness.”
Lotus also highlighted its recent investments in UK R&D and operations since Geely took majority ownership in 2017.
A UK government spokesperson declined to comment on commercial speculation but confirmed Reynolds will hold talks with the company.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
The U.S. Embassy in Qatar has advised American citizens to shelter in place amid rising tensions between Israel and Iran, as part of a broader global security alert issued by Washington.
A notorious hacking group known as “Scattered Spider” has breached the networks of several airlines in the US and Canada this month, according to the FBI and cybersecurity experts.
The US stock market closed at record highs Friday, with both the S&P 500 and Nasdaq rebounding from late-session losses triggered by trade tensions with Canada.
The European Commission has warned Meta that it may face daily fines starting 27 June if its modified pay-or-consent advertising model fails to meet EU antitrust requirements under the Digital Markets Act.
Nike plans to reduce its reliance on China for U.S.-bound products to offset the financial blow from President Donald Trump’s new tariffs, as the sportswear giant posted better-than-expected fourth-quarter results and a milder revenue forecast.
Nike is stepping back from China-based production for its U.S. market to dodge tariff-related costs, aiming to shift its sourcing strategy by 2026.
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