Business News Live: Tesla's shares sink after the warning of Elon Musk and Keir Starmer to sign a new commercial agreement of £ 6 billion

NS and I have increased the rate of their British fixed term of one year, offering 4.18 percent.

Savings can spend between £ 500 and £ 1m in these and can have fixed terms of one, two, three or five years.

Laura Suter, director of Personal Finance at AJ Bell, says that it is essentially a brand change of the same product is a worse rate than before because interest rates decrease.

“NS & I has given its British savings bonds a slight Facelft with a small increase in rates, but savers should not be too excited. The new fixed rate bonds of one year now pay 4.18% if you opt for your interests being paid at the end, or 4.11% if you want monthly payments. It covers the bonuses close to the top of the best purchases, but they are still leading the package.

“These are not new products: NS & I previously simply rename the guaranteed growth and the guaranteed income bonds that it already offered, gave them a Jack union and slightly modified the rate. The objective is clearly to increase more interest in taking advantage of the patriotic brand, but the underlying product is very equal.

“The rate offered is very far from the original British savings bonus of a year that was launched two years ago, which proved to be an exhausted success, which is taken out of the sale after only five weeks. But at that time they were offered a generous 6.2%, a rate that now seems now a relic of another era. With the interest rates that are reduced and other money that quarter their offers of fixed fees, NS and They seem clearly a medium land that goes to those who approach some of those who approach some of the manones, but what the land will find.

The EU and the United States seem close to confirming a commercial agreement.

That rate will be reduced by half under current plans, even higher than the 10 percent agreement of the United Kingdom, but some products, such as medical devices, will be lower, reports The Guardian.

Alcoholic spirits could also receive a lower time in time, but car manufacturers face a much larger rate than previously to sell to the United States.

The European Central Bank is ready to stop cuts at interest rates to allow time to take stock of the uncertainty caused by these rates, with rates that are already up to 2 percent.

The High Street retailer, River Island, faces the immediate threat of closing, and the company tells the creditors that it will run out of money at the end of August.

The firm has submitted a proposal to save itself in the short term, which needs the agreement of three quarters of the creditors to proceed.

That would see River Island close 33 stores, reduce rental rents and rule out some of its debts, The Telegraph reported.

If you do not obtain the agreement, the company “may not continue operating as a company underway” and “would be subject to administration or other insolvency procedures,” said the proposal seen by Telegraph.

River Island needs £ 10 million in the coming weeks and £ 50 million by the end of the year to meet its needs as a company in operation.

The manufacture of cars from the United Kingdom endured a hard first half of the year, with the production levels to the lowest in more than 70 years outside Covid.

The manufacture of cars decreased by 12 percent to 417,200 units between January and June, show the figures of the Society of Motor and Merchants Manufacturers (SMMT).

That is the lowest since 1953 that is not in 2020, with difficult conditions that include tariff uncertainty that plays an important role.

Keir Starmer and Narendra Modi of India agreed on the terms in a commercial agreement, for an estimated value of £ 6 billion in investment in the United Kingdom.

Together with the economic parties of the agreement, the two will also increase efforts to address illegal immigration and organized crime.

Tariffs on the United Kingdom products exported to India will fall to an average of 3 percent, 15 percent, with products that include cars, whiskey and cosmetics, since their individual rates decrease.

Business Secretary Jonathan Reynolds said the investment “will reach all regions and nations of the United Kingdom so that working people in each community can feel the benefits.

“The almost 6 billion in new investment and export profits announced today will deliver thousands of jobs and show the strength of our association with India, since we ensure that the United Kingdom is the best place in the world to invest and do business.”

The largest railway workers union warned that increasing the age of the state pension would meet the protests and direct action.

The rail, maritime and transport union said that a government review had caused fears of a great increase in the era of the pension.

RMT general secretary Eddie Dempsey said: “The United Kingdom state pension is already one of the worst worldwide, which is the direct result of decades of governments that transfer our national and personal wealth to the super rich.

“Any decision to squeeze more of workers by forcing us to work even more would be a national misfortune.”

Tesla's actions fell more than 6 percent of the negotiation hours during the night, after another disappointing set of financial results.

However, more than that, CEO Elon Musk has warned that difficult times will continue

Telsa is in a “strange transition period,” he said, given the subsidies of EV terminated, autonomous regulation and more.

“Does that mean we could have some difficult rooms? Yes, we could probably have some difficult rooms … it is not guaranteed but plausible,” he said.

Tesla and its investors have great hope that autonomous driving robot will boost future profits, but the price of shares has dropped 17 percent in 2025.

JD Wetherspoon has announced a significant increase in its recent sales, driven by the exceptional performance of Guinness and a remarkable rebound in breakfast demand.

The pub group, which operates 794 establishments throughout the United Kingdom and Ireland, reported a 5.1 percent increase in similar sales for the three months that end on July 20, compared to the previous year.

Sales volumes have now exceeded the levels prior to the pandemic after previous concerns about a slow recovery in their assets.

Beyond breakfast, the sales of robust drafts, with Guinness, demonstrating to be particularly popular, along with the growth of wine and an improvement in the spirits.

This increase in the demand of Irish robust is aligned with consistent reports of the Guinness Diageo manufacturer, which has noticed its rapid growth in popularity.

The FTSE 100 has increased 0.45 percent this morning, a strong increase together with most Europe's stock markets.

That will be partly because the American trade agreement seems close now with a base tariff of 15 percent.

In the United Kingdom companies index, several financial firms are doing well today, including Barclays and HSBC, but Lloyds has fallen after this morning raising the interim dividend.