Skoda's CEO reveals all on electric cars, petrol cars and sporty Skodas
He joins our EV editor Steve Fowler for a drive around London in the new all-electric Skoda Enyaq to talk through the entire Skoda business including new model plans, the challenge faced by Chinese brands, Skoda's role in the VW Group, expansion in India, hot and sporty Skodas and much more.
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The Guardian
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Has the digital nomad dream turned sour?
When Alex Holder fled London's stressful work culture and hard edges for a family-friendly life in Lisbon, Portugal, she couldn't believe her luck. Living in a light-filled apartment in a beautiful building in a street with no cars, she appreciated the more balanced approach to life she had found in the Portuguese capital, along with the lower cost of living. But after a few years she began to grow increasingly uneasy. Looking around, she noticed an increase in people like her who were enjoying the cheaper costs of living in Portugal, but who might also be making life harder for locals. 'There was just this growing awareness that something doesn't feel right – there's this wealth gap growing. And perhaps I'm part of it,' she tells Helen Pidd. Was she pushing up prices and helping change the culture of the place she loved? Lauren Razavi runs a thinktank that explores the future of migration, citizenship and borders. She explains how countries have sought to attract remote workers, digital expats and digital nomads – and what has changed.
Reuters
30 minutes ago
- Reuters
Indian shares set for muted open after Trump doubles tariff
MUMBAI, Aug 7 (Reuters) - Indian shares are poised for a muted start on Thursday after the United States imposed an additional 25% tariff on exports from the South Asian nation, sparking investor concerns over the potential economic fallout from souring relations. Gift Nifty futures were trading at 24,586 points as of 7:05 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open near Wednesday's close of 24,574.2. The one-month dollar-rupee non-deliverable forwards (NDF) indicate that the Indian currency is set to open largely unchanged from its last close. "Markets can fall 1%-2% in a knee-jerk reaction, but most would expect a resolution to the trade issue," said Dhiraj Relli, chief executive officer of HDFC Securities. If tariffs persist for a year, the impact on India's GDP growth will be around 30-40 basis points, he said. Before the additional tariffs were announced on Wednesday, the Reserve Bank of India (RBI) retained its GDP growth forecast for the year at 6.5%, downplaying tariff-related uncertainties. The doubling of tariffs to 50% - among the highest imposed on any U.S. trading partner - coupled with worsening bilateral ties could shake markets out of their complacency, Nilesh Shah, CEO of Kotak Mahindra Asset Management Company, said. "Some correction" is inevitable if the tariffs hold, he added. Foreign investors have offloaded Indian shares worth $900 million so far in August, following $2 billion in outflows in July as weak earnings growth and tariff-related uncertainties weighed. "I would be very reluctant to buy into India or have a company that has supplies coming out of India. It would make me very cautious," said Max Wasserman, founder and senior portfolio manager at U.S.-headquartered Miramar Capital. Wasserman said he does not expect the tariffs to hold for long but the announcement "would definitely give us a pause if we were looking to invest in India because we want to see how the relationship shakes out." India's benchmark equity indexes Nifty 50 and Sensex (.BSESN), opens new tab have gained 4% and 3%, respectively, so far in 2025, underperforming the 15.7% rise in MSCI Emerging Markets index (.MIEF00000PUS), opens new tab. The fresh U.S. tariffs threaten to disrupt India's access to its largest export market, where shipments totalled nearly $87 billion in 2024, dealing a blow to sectors like textiles, footwear, gems and jewellery. Oil companies like Reliance Industries ( opens new tab could also come under pressure as the U.S. tries to push India to curb its Russian oil purchases. "If we cave under pressure, we risk losing access to cheaper Russian crude, which could squeeze refining margins. That's a risk for Reliance and oil marketing companies," said Pramod Gubbi, co-founder at Marcellus Investment Managers. Textiles could take a direct hit, although jewellery exports may be in a better position to pass on higher costs to U.S. consumers as India remains a dominant player in diamond cutting and polishing, Gubbi said. IT services and pharmaceutical firms are less impacted for now, he added.
BBC News
an hour ago
- BBC News
Global News Podcast Trump orders India tariff hike to 50% for buying Russian oil
US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil. That raises the total tariff on Indian imports to the US to 50% - among the highest rates imposed by Washington. India has called the taxes unfair, unjustified and unreasonable. Also: Donald Trump says there's a good chance he will meet President Putin of Russia soon to discuss a ceasefire in Ukraine, and Italy gives final approval for world's longest suspension bridge to Sicily. The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight. Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment. Get in touch: globalpodcast@
