Swedish pension fund AP7 blacklists Tesla, has sold entire stake
STOCKHOLM, June 13 (Reuters) - Swedish pension fund AP7 said on Friday it has blacklisted and sold all its shares in U.S. electric vehicle maker Tesla (TSLA.O), opens new tab, citing violations of union rights in the United States.
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Telegraph
an hour ago
- Telegraph
Reform is Corbynism with a flag: the Tories stand for economic freedom
I confess I shudder every time I hear that word. Yet politicians from Keir Starmer to Nigel Farage are now gleefully chanting 'nationalisation!' as a solution to every economic challenge in the utterly deluded belief that the answer to our problems is getting civil servants to take control of business. The Conservative Party knows that the state is already too big, much too slow, and doing far too much and doing it badly. Some of that happened under previous Conservative governments. It's my job to fix this and to ensure that those mistakes are never repeated. The solution isn't more government, it's smarter government, better government – and that means getting out of the way of private enterprise. Growth comes from business, from the risk-takers, from the people who devote their time, money and energy to building things. It doesn't come from the politicians sat in offices dreaming up new ways to spend your taxes. Yet that is now the way Starmer and Farage are talking about economic growth. Let's start with oil and gas. As many as 10,000 jobs have been lost in this sector recently. According to Offshore Energies UK, capital investment in our domestic industry is set to collapse from £14.1 billion to £2.3 billion in just four years. The business environment is not friendly and not competitive. But what is Reform's answer? Give the Government a stake in new oil and gas fields. Labour's? Hike the so-called 'windfall tax' and make it permanent. Both will scare off serious investors. On Friday I called on the Labour Government to scrap the windfall tax on North Sea producers. The windfall is gone, but the tax is still there, strangling investment and killing jobs and growth. I am proposing a solution that puts business and workers first. But naturally Labour criticised it. The same fantasy economics is playing out in steel. British Steel in Scunthorpe is haemorrhaging money – losing nearly £1 million a day. Labour's answer is to nationalise it. Reform's is to do the same, but with even more gusto! When the Port Talbot steelworks faced a similar crisis, I worked with a private company – Tata Steel – to find a solution that made economic sense and secured a future for the community in South Wales. Because unlike Starmer and Farage, I know to be successful a business doesn't need politicians telling it how to operate. It needs politicians who will listen to what those who do the job says works. The Labour government started taking us backwards last year – sneaking through rail nationalisation, hoping voters had forgotten the British Rail disaster. It's not just farcical that the first nationalised train ended up being a replacement bus service, it's a warning of what's to come. And after oil, steel and rail, the next on their list is water. The drumbeat to nationalise Thames Water is getting louder. But the answer isn't to send civil servants in. The answer is to create a climate where investment flows in rather than out. That means protecting the profit motive, not punishing it. Everyone knows we Conservatives have a battle on our hands. Reform pretends to be a Right-wing party, but economically Reform is Corbynism with a flag: more benefits, more subsidies, more central planning, more control. It is socialism that is dressed up as patriotism. Under Labour, business taxes are at record highs. The Trade unions are running everything from education to business policy – hence the Employment Rights Bill that effectively makes everyone a union member unless they choose to opt out of it. The public sector is getting inflation-busting pay rises, while the private sector (the source of economic growth) is getting squeezed. It should tell you all you need to know that 10,000 entrepreneurs have already fled the country since Starmer took over last year. Reform and Labour both want to grow the state. Under my leadership the Conservatives will prioritise growing opportunity and prosperity. Margaret Thatcher once said progress comes from the 'inventiveness, ability, determination and the pioneering spirit' of ordinary people. She was right then and she's right now. The Conservative Party is not here to run your business, or burden you with endless taxes and pointless regulation. We are the last line of defence for economic freedom, and we will stop the other parties from taking away what belongs to you.
Times
an hour ago
- Times
Viktor Gyokeres: Striker would prefer move to Arsenal over Man United
Manchester United's hopes of signing Viktor Gyokeres appear to have taken a blow after it emerged that the Sporting Lisbon striker would prefer a move to Arsenal. After failing in their pursuit of Liam Delap, United turned their attention to Gyokeres, who has earned a reputation as the most feared striker in Portugal after plundering 97 goals in 102 appearances for the reigning Primeira Liga champions. After United held exploratory talks with Gyokeres, the forward has let it be known that he wants to join Arsenal, although it remains to be seen whether the London club push ahead with their bid to sign the 27-year-old. Arsenal are thought to be split on the idea of whether they should sign Gyokeres or Benjamin Sesko from RB Leipzig. The Arsenal manager, Mikel Arteta, is known to be a big fan of Sesko, but he rejected the chance to sign the Slovenia international because Leipzig wanted about £60million for the 22-year-old. United have also submitted an offer for the Brentford forward Bryan Mbeumo that would amount to £55million but Tottenham Hotspur could now sign him after Thomas Frank's appointment as Spurs head coach. Gyokeres thrived under Ruben Amorim, now the United manager, during their time together at Sporting but it is understood that the striker wishes to play in the Champions League next season. United will not compete in Europe because of their 15th-place finish in the Premier League and their loss to Tottenham in the Europa League final. Gyokeres has a €100million release clause in his Sporting contract CARLOS RODRIGUES/GETTY IMAGES Gyokeres's valuation has been the subject of much discussion in Lisbon this week. He and his representatives thought he would be allowed to leave for about £60million, even though there is a €100million (about £85million) release clause in his contract. 'I can guarantee that Viktor Gyokeres will not leave for €70million because I never promised that,' the Sporting president, Frederico Varandas, said. 'To this day Sporting has not had an offer for Gyokeres — neither today nor last season.' Gyokeres has already played in England, having spent three seasons with Coventry City in the Championship after leaving Brighton & Hove Albion, before joining Sporting under Amorim. United are in need of a goalscorer after their first-choice striker Rasmus Hojlund endured a miserable season, scoring ten goals in 52 matches in all competitions.
The Sun
an hour ago
- The Sun
Bargain hunter shares how 4.5million people could qualify for £100 off TUI Holiday
BARGAIN hunters have revealed how millions of Brits could qualify for cheaper TUI flights this summer. The little-known trick could knock £100 off TUI holidays for 4.5 million people. 2 Signing up for a Blue Light Card if you are a member of the emergency services could get you access to hundreds of discounts. Not least of which is a £100 off TUI holidays discount for members of the scheme. The scheme is available for a huge range of professions and offers hundreds of amazing discounts at several businesses. Those working in the emergency services, NHS, social care sector, teaching community and armed forces can apply for a Blue Light Card. Discounts at a range of stores and businesses can be nabbed by card holders who pay just £4.99 for the service. TUI is now offering discounts on flights for Blue Light Card holders with £100 off holidays. The discount also applies for NHS staff under TUI's "Holidays for Heroes" scheme. While checking out on the TUI website, entering a Blue Light Card code or NHS email automatically activates the discount. The "Holidays for Heroes" scheme offers eligible members the chance to amend their departure date free of charge if needed. Specifically for NHS staff, the scheme offers the lowest online price for TUI package holidays, plus an extra £100 off on bookings over £1200. TUI resort next door to giant waterpark The Blue Light Card discount allows members to get the same £100 off offer as the "Holidays for Heroes" scheme. The membership scheme offers discounts on a range of goods and services with dozens of big name brands offering money off to card holders. Discounts at JD sports, TUI, Dominoes, EE, Halfords, Starbucks, Apple and more are available with the scheme. 2 To sign up you will need to be a professional working for the emergency services, NHS, in the social care sector, teaching community or armed forces. People employed in accepted jobs can head online and sign up for the scheme online, offering up proof of employment. Once accepted, members will need to pay a £4.99 fee for two years of membership. After completing the simple sign up members will get their card and gain access to the impressive range of discounts. Eagle eyed bargain hunters recently discovered that card holders could save £100 on TUI holidays and shared the news on social media. Hundreds of people responded with likes and comments, amazed by the discounts. Cheap holiday essentials IF you're jetting abroad this summer, here are the cheap holiday essentials you won't want to miss. PACKING CUBES: They're loved by mum-of-22 Sue Radford and not only do they save space in your luggage, but they'll ensure that your case is super neat and tidy. TAG TRACKER: There's nothing worse than loosing your luggage, but thanks to this handy £15 buy from B&M, you won't have to worry about that on your next trip. KIDS' CABIN BAG: Don't worry if you can't afford to splash the cash on a Trunki, as Aldi are selling an alternative dupe buy for just £29.99 - and it's great for children. HAND LUGGAGE CASE: For those that are opting to go hand luggage instead of paying a fortune for a check-in bag, Morrisons are selling extra small cases, that are perfect for taking on a flight, for only £7.99.
