UK new car sales slump ahead of Brexit ‘existential threat’

LONDON: British new car sales in 2018 fell at their fastest rate since the global financial crisis a decade ago, hit by the collapse in demand for diesel, as the industry body warned of the existential threat to the sector posed by Brexit. Registrations dropped 6.8 per cent last year to 2.37 million vehicles, the […]

California wildfire liability raise PG&E bankruptcy concerns

Sacramento, California: PG&E Corp’s shares plunged more than 18 per cent on Monday after sources said the California utility is exploring filing for bankruptcy protection as it fears a massive charge in the fourth quarter related to potential liabilities from wildfires. The utility is considering the move for some or all of its businesses, Reuters […]