Bloomberg Chancellor of the Exchequer Rishi Sunak said he is preparing to deliver the UK budget as planned on March 11, an announcement that ends days of speculation that his sudden appointment to the post last week would force a delay. “Cracking on with preparations for my first budget on March 11,” Sunak said on Twitter. “It will deliver on ...

Bloomberg Daimler AG’s truck division plans to make additional cost cuts to counter weakening global demand and the financial burden of investments in new technologies like electric and self-driving vehicles. “We want to and will permanently cut our costs. This is why we intensified our efficiency measures,” Daimler truck chief Martin Daum said on Tuesday at a press conference in ...

Bloomberg The Trump administration is considering new restrictions on exports of cutting-edge technology to China in a push aimed at limiting Chinese progress in developing its own passenger jets and clamping down further on tech giant Huawei’s access to vital semiconductors, according to four people familiar with the discussions. Senior officials are expected to decide by the end of this ...