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Brussels puts Gazprom in dock and risks Moscow’s ire
Gazprom will today be put in Brussels’ antitrust dock, facing charges of illegally abusing its gas market clout that were almost served eight months ago – had politics and the Ukraine crisis not stood in the way.
Companies and Markets
Aston in US talks over first overseas factory
Aston Martin has held talks with several US states about building its first overseas factory as part of plans to bring an ambitious electric 4×4 to market, writes Andy Sharman. The lossmaking British heritage brand is also looking at UK sites for the new DBX, including once-great carmaking centres such as the former Jaguar site at Browns Lane in Coventry.
Peugeot revs up output after change of fortune
PSA Peugeot Citroen has unveiled plans to ramp up European production in a sign of the gathering strength of the region’s car market and increasing confidence at the French manufacturer. Only a year ago the carmaker – Europe’s second-biggest by sales – was battling to stem losses amid a sharp fall in sales.
Car plant is eyeing up a shiny new Lexus
One road, three counties, five key parliamentary swing seats. The A50 links a region that the chancellor has dubbed the Growth Corridor and a city, Derby, charged by the prime minister with leading the country out of the recession. In the third of a five-day series in this industrial heartland, Robert Lea visits Toyota’s factory as Burnaston.
Clegg promises public-sector workers ‘real-terms- pay rise for weathering austerity
Teachers, police officers and nurses should receive salary rises at least in line with the cost of living over the next two years, Nick Clegg said last night. The Liberal Democrat leader called for an end to real-terms cuts to their pay, arguing that it is time for public-sector employees to share the benefits of economic recovery.
Europe turns up pressure on Greece as cash runs out
More pressure was heaped upon Athens yesterday, as reports suggested the European Central Bank is looking at placing greater restrictions on the use of its emergency lending facilities by Greece’s domestic banks.
Cameron: Ukip voters can stop ‘toxic’ SNP
David Cameron has told people considering backing Ukip that they “have the power” to stop a “toxic tie-up” between Ed Miliband and the SNP by voting Tory. In an appeal to readers of The Daily Telegraph, the Prime Minister told Tory supporters that they could stop the “calamitous outcome” of a Labour government propped up by Nicola Sturgeon and Alex Salmond.
Drive to expand – Volvo targets US via China
Volvo is looking to break into the American car market from its base in China, writes Alan Tovey in Chengdu. The Swedish manufacturer, which is owned by Chinese billionaire Li Shufu’s Geely company, has launched a car produced at its Chengdu plant in the south west of the country.
Union’s Sinister hold over Miliband – Mail investigation reveals over half of Labour candidates in key seats are sponsored by Unite militants
More than half of Labour candidates in winnable seats are sponsored by just one hard-left trade union. Fifty-four of the party’s contenders for 106 target constituencies are either members of Unite, or are endorsed or partially bankrolled by it.
Labour-SNP victory would raise interest rates, warns top bank
Homeowners could face an early rise in interest rates if Ed Miliband is propped up in Downing Street by the SNP, a major bank warned last night. US giant Morgan Stanley said the prospect of a Labour government reliant on the Scottish Nationalists would create the ‘greatest uncertainty’ of any election result.
Cameron pledges to double free childcare
Families will be offered 600,000 more free childcare places if the Tories return to power, David Cameron will pledge today. The Prime Minister will say that the proposal shows “true compassion” by providing state support for people who want to get off benefits and into jobs.