IlluMyFi

Noel Quinn and Warren East, as well as Chanel chief Leena Nair among business figures to be honoured

The former chief executives of HSBC and Rolls-Royce have been knighted, as figures from the business world joined sportspeople, entertainers and public servants on the new year honours list.

Noel Quinn, 62, the bank’s chief executive from 2019 until September, received a knighthood for services to finance and net zero. He is credited with revamping HSBC and achieving record profits in 2023, when his pay roughly doubled to £10.6m during the year.

Sentiment

0.5

Bearish/Bullish

100

02.01.25 04:52

by theguardian.com

Early phase-out of full hybrid vehicles may be a political risk too far for UK m...

Pragmatism will win over purism, unless the government favours early closure for car manufacturers

The main timetable is set: no new petrol and diesel cars will be allowed to be sold in the UK after 2030, and sales of all new hybrids will be forbidden from 2035. But that phasing still leaves open the critical matter – for the automotive industry, and for a couple of manufacturers in particular – of which new hybrids will be allowed to be sold until the last day of 2034.

Just the variety that comes with a socket – plug-in hybrid electric vehicles (PHEVs)? Or should old-style hybrids, such as the Toyota Prius, which have smaller batteries charged by a main internal combustion engine, also be permitted?

United States of America