4 d. ago Tesla sales fell 40% across Europe in July; Drax shares tumble 10% after FCA launches investigation – business live

Rolling coverage of the latest economic and financial newsShares in power generator Drax have tumbled by 10% after it revealed this morning it is being investigated by the City watchdog.Traders drove Drax’s share price down to 630p in early London trading, down from 703.5p last night, following the news that the FCA is probing whether its recent annual reports comply with UK Listing Rules.Meanwhile, possible electricity rate adjustments and higher rice tariffs could raise inflationary pressures over the policy horizon. The Monetary Board observed that domestic demand has held firm. However, the impact of US policies on global trade and investment continue to weigh on global economic activity. This could temper the outlook for the Philippine economy. Continue reading...

Economics

7 d. ago Business Secretary to meet JCB boss after concerns raised about US tariffs

JCB chief executive Graeme Macdonald called on the UK Government to get a ‘deal done quickly’ after new American tariffs were implemented.

Economics

1 week ago One in three businesses says they plan to raise prices as Trump’s tariffs begin and inflation grows

‘There are so many unknowns that it’s nearly impossible to predict what the next few weeks will look like,’ analyst says

Economics

1 week ago Home Depot becomes the latest company to raise their prices due to Trump’s tariffs

CFO Richard McPhail warns of ‘modest price movement’ to mitigate ‘significantly higher’ import taxes

Politics

2 w. ago Pandora prepares to raise prices further as it faces hit from US tariffs

The Danish company said it was considering hiking its prices further to help mitigate the impact of increased costs.

Economics

3 w. ago Trump plans 100% tariff on computer chips, unless companies build in U.S.

President Donald Trump says he's imposing a 100% tariff on computer chips— a move that raises the specter of higher prices for electronics, autos, household appliances and other essential goods that depend on the processors

Politics

3 w. ago Ukraine says Indian parts found in Russian drones as Kremlin hits back over Trump tariff threats – Europe live

Revelations from Zelenskyy aide come as Kremlin criticised Trump’s threats to raise tariffs on India over its purchases of Russian fuelAnd in the last few minutes, Andriy Yermak, senior aide to Ukrainian president Volodymyr Zelenskyy, sought to ramp up the pressure on India as he revealed that Ukrainian armed forces have seen Indian components being used in Russian drones involved in strikes against civilian population across Ukraine.“It is necessary to deprive the Russians of the opportunity to receive components from other countries and stop the killing of Ukrainians. Also, buying Russian energy resources is financing war, which does not contribute to peace,” he added. Continue reading...

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