9 h. ago The EU publishes a US product hit list and prepares for WTO action against Trump's tariffs

The European Union has published a list of U.S. imports to target with retaliatory duties if no solution is found to end President Donald Trump’s tariff war

Politics

29 h. ago Tech giants beat quarterly expectations as Trump’s tariffs hit the sector

What’s new in AI – from effects on job market to Meta’s new app and ChatGPT changes – and a look at Musk’s first termHello, and welcome to TechScape. I’m your host, Blake Montgomery, and this week in tech news: Trump’s tariffs hit tech companies that move physical goods more than their digital-only counterparts. Two stories about AI’s effect on the labor market paint a murky picture. Meta released a standalone AI app, a product it claims already has a billion users through enforced omnipresence. OpenAI dialed back an obsequious version of ChatGPT. And we look back at Elon Musk’s first term. Continue reading...

Politics

35 h. ago BMW chief expects lower tariffs as trade war expected to hit profits

Many of BMW's rivals, including Mercedes-Benz MBGn.DE, Ford F.N and Stellantis STLAM.MI, have pulled their 2025 forecasts

Events

54 h. ago Ford expects to take a $1.5bn profit hit from Trump tariffs this year

Ford became the latest automotive giant to pull profit guidance as the chaos unleashed by Trump made financial forecasting impossible.

Economics

57 h. ago UK and India agree trade deal after three years of negotiations

Deal could help UK industries hit by Trump tariffs, as ministers say it will add £4.8bn a year to economy by 2040UK politics live – latest updatesBritain and India have agreed a long-desired trade deal that ministers said would add £4.8bn to the UK economy a year by 2040.The agreement, which was finalised on Tuesday after more than three years of negotiations under successive governments, has long been touted as one of the biggest prizes of Brexit. Continue reading...

Economics

57 h. ago UK and India agree ‘landmark’ trade deal after three years of negotiations

Deal could help UK industries hit by Trump tariffs, as ministers say it will add £4.8bn a year to economy by 2040UK politics live – latest updatesBritain and India have agreed a long-desired trade deal that ministers said would add £4.8bn a year to the UK economy by 2040.The agreement, which was finalised on Tuesday after more than three years of negotiations under successive governments, has long been touted as one of the biggest prizes of Brexit. Continue reading...

Economics

57 h. ago UK and India agree trade deal, slashing tariffs on car and whisky exports

The deal follows three years of talks and is set to boost several sectors which are hit especially hard by Donald Trump’s tariffs.

Economics

61 h. ago Trump’s talk of film tariffs makes no sense, but it’s already doing damage – to Hollywood | Peter Bradshaw

The US president’s bizarre talk of 100% levies on films from ‘foreign lands’ combines trolling with a hazy grasp of factsAnother day, another bizarre, mischievous, headline-hogging pronouncement from the US president.Steve Bannon famously advised him to flood the zone with shit – a Maga-Maoist permanent revolution of provocative, toxic nonsense. Trump is flooding the zone with tariffs, then he pauses, walks back and climbs down on tariffs, and then adds more tariffs. The latest is his bizarre plan to hit movies made in “foreign lands” with 100% tariffs. He has solemnly announced his grave concern that Hollywood was “dying” at the hands of foreigners like the UK, who give tax breaks to multinationals. Continue reading...

Politics

62 h. ago UK car sales drop 10% in April; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldCar sales across the UK fell by over 10% last month, compared to a year ago.New industry data shows that 120,331 new vehicles were registered in April, 10.4% fewer than in April 2024.In what is traditionally a quieter month following the March plate change, volumes were also impacted by the late timing of Easter, resulting in fewer working days.In addition, the implementation of VED changes affecting all new cars, including the Expensive Car Supplement which became applicable to many new EVs from 1 April, pushed transactions into March as shrewd buyers got ahead of the tax increases. Continue reading...

Economics

64 h. ago China’s service sector hit by trade war; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldAmerican children face paying higher prices for Barbie dolls due to the Trump tariffs on imports.Mattel, the toy manufacturing giant, revealed last night that it plan to raise prices on American toys due to tariffs, and is also looking to move some manufacturing out of China.Accelerating diversification of its supply chain and further reducing reliance on China-sourced product,Optimizing product sourcing and product mix, andWhere necessary, taking pricing action in its U.S. business.In an uncertain macro environment that has intensified due to the potential impact of tariffs, we are focused on what we can control.We are improving our supply chain agility, taking decisive cost actions to mitigate financial impact where possible, and ensuring we can continue to serve our customers and consumers. Continue reading...

Economics

3 d. ago How Britain became Hollywood's biggest threat as Trump threatens movie tariffs

President Trump has announced plans to hit films made outside of the UK with 100% tariffs in a bid to save the US' 'dying' film industry as filmmakers move abroad to keep costs down

Politics

3 d. ago Mattel quickens effort to move production from China as tariffs hit toys

Maker of Barbie dolls warns of potential price increases for US shoppers and suspends financial guidance for 2025

Events

3 d. ago Bank of England set to cut interest rates as US tariff impact hits UK economy

The Bank is trying to ease borrowing costs as economic growth is predicted to be slowed by the impact of Trump's tariffs

Economics

3 d. ago Eluned Morgan warns Donald Trump's tariffs will hit Wales harder than England

She believes though that Wales could benefit from renewable sector investors pulling out of the US

Events

3 d. ago Donald Trump hits movies made in the UK with 100% tariffs: Blow to Britain's film industry as President turns up trade war to save 'dying' Hollywood

Incentive programmes for years have influenced where movies are shot, increasingly driving film production out of California and to other states and countries with favourable tax incentives.

Events

7 d. ago McDonald’s and General Motors say Trump’s tariff war is harming business

Fast-food company reports 3.6% fall in sales and carmaker says tariffs could cost it as much as $5bn in 2025McDonald’s and General Motors have warned that uncertainty around Donald Trump’s tariff policy is hurting business, hitting sales and knocking profits.The fast-food chain reported a 3.6% fall in sales in its US home market during the first quarter, driven mainly by lower customer numbers as consumers reined in their spending in the face of an unpredictable economic outlook. Continue reading...

Politics

7 d. ago Ship broking giant Clarksons issues profit warning as Trump's tariffs hit rates

FTSE 250 listed company says profits will be in the range of £85 million to £95 million

Events

8 d. ago Aston Martin latest firm to be hit by Trump Tariffs as MPs warn UK businesses might be forced to accept cash

Watch today’s business headlines in under two minutes as Aston Martin limits American imports amid widening losses, cash looks here to stay a while longer, and UK house prices dip slightly.

Events

8 d. ago Tariffs hit home for small US businesses that rely on Chinese imports

Growing worries that a trade war could suffocate a crucial driver of employment and economic growth

Economics

9 d. ago US goods trade gap hits record high as Trump tariffs prompt import surge

Companies rushed to purchase foreign products ahead of imposition of wide-ranging levies

Politics