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Car industry welcomes UK review of electric car targets; stock market investors hope for Santa rally – business live

www.theguardian.com 24-12-2024 09:15 1 Minutes reading

Rolling coverage of the latest economic and financial news, on a shortened Christmas Eve trading session in London

It’s been quite a busy year for takeovers in the City, and the drama isn’t over yet.

Maritime analytics firm Windward has agreed to be snapped up by an investment fund in a £216m deal announced this morning.

“Windward has become firmly established on the world stage, but as an organisation we recognise there remains an untapped opportunity ahead to further transform additional spheres of global trade.

Following due consideration, the Windward Independent Directors believe this transaction is in the best interests of all stakeholders, including our shareholders and employees; providing the environment to facilitate this expansion and support the future growth of the company.”

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Labour urged to lead global debt relief effort as...
25.12.24 01:00
by theguardian.com

Labour urged to lead global debt relief effort as cost of repayments soars

Campaigners call for action in 2025, as crippling repayments prevent spending to cut poverty and tackle climate crisis

Campaigners are urging Labour to lead the charge for global debt relief in 2025, as new analysis shows lower-income countries spent 15% of their revenue on repayments this year – the highest level for three decades.

Calculations by the charity Debt Justice, based on data from the World Bank, show repayments from poorer countries bottomed out at 4.4% of income in 2011 but have since trebled.

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