CBI

Rwanda's Ambitious Green Initiative: Transitioning to Electric Bicycles

4 hours ago

In a bold step towards sustainability, Rwanda is making waves with its initiative to phase out gasoline-powered bicycles. The East African nation aims to foster an eco-friendly future by encouraging the adoption of electric bicycles in both urban and rural areas. This transformative plan is not just about reducing emissions; it seeks to reshape the transportation landscape in Rwanda, making it cleaner and more efficient.

UK Private Sector Faces Crisis as Business Tax Burdens Soar, CBI Survey Reveals

21 days ago

The UK private sector is currently experiencing a tumultuous period as businesses grapple with unprecedented tax increases. According to a recent survey conducted by the Confederation of British Industry (CBI), these financial pressures are contributing to a significant decline in business confidence throughout the country.

Major Job Cuts Loom as British Firms Brace for Labour Budget Tax Hikes

28 days ago

In a stark warning for the UK economy, new research from the Confederation of British Industry (CBI) indicates that nearly 50% of businesses in Britain are contemplating significant job reductions in response to proposed tax increases suggested in the recent Labour budget. This forecast comes as many sectors face mounting pressures and uncertainty, raising concerns about the overall stability of the job market.

Harley-Davidson Faces Sales Decline: Adjusted 2024 Forecast Sparks Concern

2 months ago

In a troubling turn for the iconic motorcycle manufacturer, Harley-Davidson has reported a significant decline in sales, which has led the company to adjust its outlook for 2024. This downturn comes as a surprise to many in the industry, as the brand has long been associated with a robust consumer base and a legacy of American craftsmanship. However, recent financial disclosures reveal underlying challenges that the firm must navigate.

Optimism in UK Economy Sinks to Lowest Level Since Truss Fallout

3 months ago

Business confidence has fallen to its worst level since the political and financial turmoil that swept over the United Kingdom following the now very brief tenure of Liz Truss as Prime Minister, an ominous sign for the country's economic outlook, underlined by a sharp fall in confidence.