2 w. ago Trump floats cutting Chinese tariffs from 145% to 80% before weekend talks

Meeting aimed at de-escalating trade war after Chinese exports beat expectations despite slump in tradeDonald Trump has floated cutting tariffs on China from 145% to 80% before a weekend meeting as he looks to de-escalate the trade war.Top US officials are set to meet a high-level Chinese delegation this weekend in Switzerland in the first significant talks between the two nations since Trump sparked a trade war with stiff tariffs on imports. Continue reading...

Politics

2 w. ago UK interest rates fall to 4.25% as Bank of England announces a quarter

Move follows run of downbeat economic data and looks to cushion UK from Trump’s trade war falloutExplainer: what does it mean for mortgages and savings?Analysis: mood-boosting rate cut is a fillip for Reeves but leaves future uncertainBusiness live – latest updatesBank of England policymakers have cut interest rates by a quarter point to 4.25% to cushion the UK economy against the impact of Donald Trump’s trade war.The widely expected move from the Bank’s monetary policy committee (MPC), its fourth cut since last August, also carried a warning that the UK economy would slow by a further 0.3% over the next two years in addition to dramatic cuts to its forecasts earlier this year. Continue reading...

Politics

2 w. ago LIVE: Donald Trump to make 'big' trade deal announcement with Keir Starmer update expected

US President Donald Trump is expected to give a press conference at 3pm UK time setting out details of a UK-US trade deal - while the PM will give an update to the British public

Politics

2 w. ago Donald Trump expected to announce ‘major trade deal’ with UK on Thursday

It would mark the first deal agreed upon since Mr Trump’s ‘liberation day’ announcement of global tariffs last month

Politics

2 w. ago Trump expected to announce framework of UK trade agreement, sources say

President teases deal ‘with representatives of a big, and highly respected, country’ but specifics remain unclear Donald Trump is expected to announce the framework of a trade agreement with the UK, according to two people familiar with the matter, after teasing a major announcement with a “big and highly respected, country.”The specifics of any agreement were not immediately clear and there was no comment from the White House or the British embassy in Washington on whether an actual deal had been reached or if the framework would need further negotiation. Any agreement would mark the first such deal for the administration since it imposed sweeping tariffs against trade partners last month. Continue reading...

Politics

2 w. ago Trump ready to unveil 'major trade deal' with UK after launching tariff wars across the globe

Donald Trump is expected to announce a trade deal between the United States and the United Kingdom on Thursday.

Economics

2 w. ago Trump expected to announce UK trade agreement, sources say, after teasing ‘major’ news

President said he would hold a press conference at 10am ET (3pm BST) but analysts said it was unclear if a final agreement had been reachedDonald Trump is expected to announce on Thursday that the US will strike a trade agreement with the UK, according to a person familiar with the matter, which would mark the first deal for the White House since it imposed sweeping tariffs against trading partners last month.The specifics of the trade deal were not immediately clear and there was no comment from the UK on whether a trade deal had been agreed. Analysts said it was unclear if a final agreement had been reached, or if the countries would announce a framework that would be subject to further negotiation. Continue reading...

Politics

3 w. ago Apple quarterly earnings beat Wall Street expectations amid Trump trade policy chaos

Trump said consumer electronics will be exempted from his soaring tariffs on China, though it is unclear for how longApple’s second-quarter financials came in slightly higher than Wall Street’s expectations on Thursday.The tech giant reported revenue of $95.4bn, up more than 4% over last year, and earnings-per-share of $1.65 per share, up more than 7%. Analysts had predicted revenue of $94.5bn and earnings of $1.62. The company, worth $3.2tn, has beaten Wall Street’s expectations for the previous four quarters. Continue reading...

Events

3 w. ago Apple to report quarterly earnings amid Trump trade policy chaos

Trump said consumer electronics will be exempted from his soaring tariffs on China but it is unclear for how longInvestors have their eyes on Apple as it prepares to report financial results of the second quarter of the fiscal year on Thursday. The tech giant has been working to calm nervous analysts after Donald Trump levied sweeping tariffs on countries around the world that are likely to complicate supply chains for consumer electronics. Since the beginning of the year, Apple’s stock has slumped 16%.In anticipation of its earnings report, the company’s stock notched up slightly on Wednesday. Analysts are predicting a positive quarter for Apple with an average revenue estimate of $94.56bn, up 4.2% over last year, and earnings of $1.62 per share, up 5.8%. The company, worth $3.2tn, has beaten Wall Street’s expectations for the previous four quarters. Continue reading...

Events