Stellantis takes €22bn hit after ‘overestimating’ pace of shift to EVs

The carmaker Stellantis has said it will take a €22bn (£19.1bn) charge and sell a stake in its battery joint venture after admitting that it “overestimated” the pace of the shift to electric vehicles.Shares in the European-based carmaker, which owns marques including Peugeot, Fiat, Jeep and Citroën, plunged after it said that the move was part of a reset of its business as it also admitted “poor operational execution”.Antonio Filosa, the chief executive of Stellantis, said: “The charges announced today largely reflect the cost of overestimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires.“They also reflect the impact of previous poor operational execution, the effects of which are being progressively addressed by our new team

Price of average UK home passes £300,000 for first time, Halifax says

The average cost of a UK home passed £300,000 for the first time in January, as house prices increased at the fastest rate since November 2024.Data released by Halifax showed that house prices rose 0.7% month on month last month, the fastest rate since a 1.1% increase was recorded in November 2024. On an annual measure, prices grew 1%

Tell us: how have you been affected by falling cryptocurrency prices?

Bitcoin sank to its lowest value in more than a year this week, faling to $63,000 on Thursday, about half its all-time peak of $126,000 in October 2025It’s part of a wider shock to crypto prices. The second-largest cryptocurrency, ether, has faced losses of more than 30% this year alone.The months-long dip in cryptocurrency prices has tanked shares of companies that have increasingly invested in bitcoin, exacerbating broader stock market jitters. CoinGecko data shows that the global crypto market has lost $2tn in value since early October. Meanwhile, gold has soared in value as investors seek safe haven assets

Hail our new robot overlords! Amazon warehouse tour offers glimpse of future

At its new Stone Mountain, Georgia, facility, Roomba-like robots shuffle between stacks, another adds shipping labels while another arranges packages in palletsOne of the reasons Amazon is spending billions on robots? They don’t need bathroom breaks. Arriving a few minutes early to the public tour of Amazon’s hi-tech Stone Mountain, Georgia, warehouse, my request to visit the restroom was met with a resounding no from the security guard in the main lobby.Between the main doors and the entrance security gate, I paced and paced after being told I would have to wait for the tour guide to collect me and other guests for a tour of the 640,000-sq-ft, four-story warehouse.Amazon offers tours to the public at 28 of its 1,200 US warehouses – a recruiting and public-relations tool to boost brand trust and address criticisms of poor working conditions. It was something to consider as I wound up having to go in the parking lot, propping open my rental car door for privacy

England v Wales: Six Nations 2026 rugby union – live

France coach Fabien Galthié named nine uncapped players in a 42-man squad on Saturday for their second Six Nations encounter against Wales next week, while flyhalf Romain Ntamack and Damian Penaud remained out for different reasons. Ntamack, who was previously sidelined for a kidney concern, revealed a muscle injury on his social media. Matthieu Jalibert will likely retain the No 10 shirt for a second consecutive match following his brilliant display during the 36-14 opening win over Ireland on Thursday.Centre Kalvin Gourgues, who earned his second international cap on Thursday, has been replaced by Emilien Gailleton. Lock Thibaud Flament and third row Paul Boudehent are back in the squad after missing the Six Nations opener

Haiti Couleurs highlights Gold Cup credentials with Denman Chase victory

Eight years after Native River’s success in the Cheltenham Gold Cup, hopes were on the rise here on Saturday that the next British-trained winner could now be imminent. Jango Baie, the shortest-priced runner from a British yard in the antepost betting, was steered around the Denman Chase due to concerns over the heavy ground, but in his absence Haiti Couleurs made all the running to confirm his place in the field on 13 March. The Welsh Grand National winner is now as short as 7-1 to take chasing’s most prestigious prize.In terms of his physique and running style, there is a definite hint of Denman, the 2008 Gold Cup winner, about Rebecca Curtis’s chaser and while his jumping was not always foot-perfect he readily drew seven lengths clear of L’Homme Presse after the final fence.It will be much more difficult to dominate a Gold Cup field in similar style, but the extra quarter-mile at Cheltenham will play to his strengths and the nine-year-old fully deserves his place in the lineup