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Ford’s Chinese Battery Plant Under Scrutiny Amid Military and Human Rights Concerns
U.S. House committees have urged the Biden administration to investigate four Chinese companies allegedly tied to Ford’s Michigan battery plant, citing links to the Chinese military, Communist Party, North Korean government, and human rights abuses. Controversy Surrounding Ford’s Battery Plant Ford’s Michigan battery plant has faced criticism for its collaboration with Chinese battery maker CATL […]
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HSBC Faces £57.4m Fine: Bank of England Rebukes Serious Failings in Customer Deposit Protection
HSBC faces a hefty £57.4 million fine from the Bank of England for “serious failings” in accurately identifying customer deposits eligible for protection under Britain’s Financial Services Compensation Scheme (FSCS). The fine, the second-highest ever imposed by the regulator, underscores the gravity of the bank’s lapses, which occurred between 2015 and 2022. The failure to […]
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Morrisons Strikes £2.5 Billion Deal with Motor Fuel Group, Unleashing Financial Warchest for Competitiveness and EV Charging Innovation
In a strategic move to alleviate its massive debt and boost competitiveness, Morrisons has finalized a £2.5 billion deal to sell its extensive network of forecourts to Motor Fuel Group (MFG). Both entities are under the ownership of the US private equity group Clayton, Dubilier & Rice (CD&R). The deal not only marks a significant […]