Tuesday newspaper round-up: Jaguar, Thames Water, Elon Musk
By Michele Maatouk
Date: Tuesday 03 Dec 2024
(Sharecast News) - The US has announced new export restrictions targeting China's ability to make advanced semiconductors, drawing swift condemnation from Beijing. Washington is expanding efforts to curb exports of state-of-the-art chips to China that can be used in advanced weapons systems and in artificial intelligence. - Guardian
Labour will miss its manifesto target of building 1.5m homes in England before the end of this parliament without more radical reform to the planning system, the thinktank the Centre for Cities has warned. Keir Starmer put tackling housing affordability at the heart of his pitch to voters, promising to "get Britain building again". - Guardian
Jaguar wants "to be bold and disruptive" with its new electric car and redesign, the luxury vehicle maker's managing director told Sky News. The British car maker sparked widespread controversy last month when it unveiled its rebrand ahead of becoming a fully electric brand. - Sky News
The Conservative Party treasurer has emerged as the leading candidate to rescue the stricken Thames Water in return for a major shareholding. Graham Edwards is part of a consortium also including Castle Water, the leading beneficiary of liberalisation of the sector, and the billionaire Pears family. - The Times
Elon Musk has lost an attempt to receive a $56 billion compensation package, despite the backing of Tesla shareholders. A Delaware judge declined on Monday to reinstate the record-breaking pay deal, which was rescinded in a January ruling. Musk, the Tesla chief executive who has become an adviser to Donald Trump, the president-elect, had spent months asking shareholders to support his receipt of the biggest pay package in American corporate history. - The Times
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