Banking analyst urges tough response to Trump's tariff threats
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Auto Car
6 minutes ago
- Auto Car
Volkswagen's Model Y rival is getting a major update!
The company has not confirmed plans to go as far as changing the ID 4's name, but Schäfer previously suggested to Autocar that the Tiguan moniker would always have a place in Volkswagen's portfolio - even as the line-up goes all-electric: 'We've decided we're not going to throw away the traditional, successful names that have carried us for so long, that we've invested in for so long, like Golf and Tiguan. Why would you let them go?' An electric Tiguan equivalent has long been understood to be part of Volkswagen's product roadmap, the combustion-powered car being Volkswagen's most popular car globally, and was earmarked for a launch in 2025 or 2026 - which would coincide with the planned rollout for the upgraded ID 4. Speaking to Autocar, Volkswagen technical development boss Kai Grünitz recently confirmed that the ID 4 will follow the ID 3 hatchback in adopting the new design language first introduced on the 2023 ID 2all concept, giving them 'a family resemblance to the ID 2' as well as a 'lower and squatter stance'. Inside, Grünitz confirmed that the facelifted ID 3 and ID 4 will receive fully revised interiors featuring a new dashboard and user interface. Among the changes is a return of physical buttons and knobs in place of digital display-based functions and the controversial slider element, a move first hinted at by the ID 2All. 'We're going to bring back a round knob for the volume control,' an insider said, adding: 'If you develop something that works, and it has worked for years, there's no reason to replace it.'
The Sun
11 minutes ago
- The Sun
Club World Cup prize money 2025: How much did Chelsea win after historic triumph in new look tournament?
SOME of the biggest names in football featured in the revamped Club World Cup - and Chelsea came out on top! The tournament now features 32 teams and takes place every four years rather than annually. 3 3 Lionel Messi 's Inter Miami were among some of the HUGE names to compete this summer, with European powerhouses, such as Bayern Munich, Real Madrid and PSG alongside them. Manchester City and Chelsea were the only English sides participating, as both have won the Champions League in the last four years. The Blues ultimately came away victorious from the competition, beating Champions League winners PSG in a smashing 3-0 display. The blockbuster tournament is among the most lucrative and is comparable to the Premier League and the Champions League. SunSport brings you details on the mammoth prize pot that has attracted some of the biggest clubs in the world. Club World Cup prize money 2025 Fifa president Gianni Infantino described the distribution model of the Club World Cup as the "biggest-ever prize money for a football tournament" of its seven-game format. The winning side will earn up to $125million/£97million, which is close to what the Premier League (£176m) and Champions League (£135m) payout to their winners. A colossal total pot of £775m ($1bn) will be shared between the 32 clubs, with a £407m ($525m) participation fee shared based on sporting and commercial criteria, and £368m ($475m) shared based on sporting performance. Fifa is not keeping any revenue made from the huge tournament and it expects to share another £200m ($250m) with clubs as solidarity payments Club World Cup 2025 Guide SOME of the world's biggest clubs are in action at this summer's Club World Cup in the United States! Chelsea are keeping Premier League hopes alive in the big tournament which is on until the final at New Jersey's Metlife Stadium July 13. Though Manchester City have been knocked out by Saudi Pro side Al-Hilal after losing in a 4-3 thriller. Watch EVERY match of the Club World Cup 2025 on DAZN INFO Everything you need to know about the Club World Cup LATEST NEWS & FEATURES Fans think Chelsea have 'scammed our way to the final' Dortmund subs in 'never before seen' act on the bench Jackson to miss last-16 game as ban extended Watch Lionel Messi score incredible free-kick Club World Cup top scorers Club World Cup 2025 prize money breakdown Here is a full breakdown of what each club could earn from every round: *Note: prize money accumulates as a club progresses Group stage (three matches) $2m/£1.4m win or $1m/£746k draw Round of 16 + $7.5m/£5.5m Quarter-final + $13.125m/£9.7m Semi-final + $21.0m/£15.6m Finalist + $30m/£22.3m Winner + $40m/£29.8m 3
Sky News
12 minutes ago
- Sky News
Bitcoin achieves $120k milestone on Trump policy support
Why you can trust Sky News Bitcoin has surged past the $120,000 (£89,000) level for the first time, with its new record value being attributed to progress in cryptocurrency regulation under Donald Trump. It was trading at $121,207 early on Monday morning - having doubled in value over the past year on the back of support for digital assets from the president during his second term. While new products on Wall Street have made it easier to invest, a lack of global regulation has held back ownership and continued to leave the industry at the mercy of high volatility. The US House of Representatives is to debate a series of bills this week to provide an American regulatory framework for a market worth almost $3.8trn, according to figures from CoinMarketCap. Members are set to vote on the Genius Act, which would create federal rules for stablecoins, and two other pieces of legislation. Mr Trump, who has called himself the "crypto president", has urged Congress to back the shake-up as part of his efforts for the US to take a lead on digital currencies. He himself is involved in several crypto ventures, including World Liberty Financial, a platform that his sons Eric and Don Jr. run. Bitcoin's surge of recent weeks has tracked a broader financial market recovery since mid-April that has seen US stock markets hit record levels. The rally, market analysts have said, can be attributed to the so-called TACO (Trump always chickens out) trade that followed his decision to delay the implementation of the "liberation day" trade tariffs against trading partners back in early April. He has since warned dozens of countries, including Canada, Japan, South Korea and the European Union, that higher rates will kick in from 1 August without a deal being agreed. Stock market and crypto values would be likely to face fresh pressure should he follow through on that threat.
