2 w. ago Trump slashes tariffs for UK cars and steel as Britain opens up its markets to more US beef in trade deal

The US president said it was a 'very big and exciting day' for America and Britain

Economics

2 w. ago Inmate transferred to Oklahoma by Trump administration denied clemency, set to be executed

An Oklahoma board has denied clemency for a man convicted of killing a Tulsa woman in 1999

Politics

3 w. ago Trump tariffs cause fastest slump in British factory export orders in five years – business live

Live, rolling coverage of business, economics and financial markets as UK manufacturers report falling export orders and China signals openness to US trade talks Fhaheen Khan, senior economist at Make UK, a lobby group for British manufacturing, said:UK manufacturers are caught in the eye of a perfect storm, with rising costs and international trade uncertainty undermining growth prospects. While actual changes in trade have been limited, the unpredictability, particularly around US tariff policy, is doing significant damage and paralysing decision makers. Many firms are delaying major investment decisions until greater clarity emerges, while being forced in the meantime to cut costs through redundancies while pushing through price increases.This has left manufacturing experiencing its most severe slowdown in years, with the UK at a competitive disadvantage compared to our European peers who are weathering current challenges relatively better. As a result, it is now vital that gover...

Politics

3 w. ago Elon Musk and Tesla chair deny board is looking for new CEO despite profits plunge

World’s richest man calls reporting on alleged hunt for his successor ‘extremely bad breach of ethics’ as electric vehicle manufacturer’s struggles continue

Economics

3 w. ago China hints at openness to trade talks with US; Tesla denies board search for Musk successor – business live

Live, rolling coverage of business, economics and financial markets as Chinese state-controlled social media says US has approached China for trade talksLloyds Banking Group has reported a 7% drop in pre-tax profit to £1.5bn in its first quarter, and is bracing for the ripple effect from Trump’s tariffs on its balance sheet.The high street bank said that it has set aside £309m to account for possible bad debts, compared with previous guidance of £274m, as it added a £35m net charge to prepare for the possible impact on the economic outlook from President Trump’s tariffs.The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue.Yuyuan Tantian is not among China’s most authoritative state media outlets. The Global Times, which is owned by the newspaper of the governing Communist Party, People’s Daily, has often been first to report China’s next steps in trade disagreements over the past few years.Guo Jiakun, a spokesperson fo...

Politics

3 w. ago Tesla denies report claiming board looked to replace Elon Musk

Wall Street Journal article saying headhunters were contacted branded ‘absolutely false’ by chair Robyn DenholmTesla has denied a report that its board sought to replace Elon Musk as its chief executive amid a backlash against his rightwing politics and declining car sales.Robyn Denholm, the chair of the board at the electric carmaker, said in a statement on Tesla’s social media account on X: “Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company. Continue reading...

Politics

3 w. ago Tesla denies board search for Elon Musk’s successor; Trump tariffs to slash growth, says Bank of Japan – business live

Live, rolling coverage of business, economics and financial markets as US electric carmaker says report board is looking for next Tesla boss is ‘absolutely false’National Grid, the FTSE 100 company that owns the UK’s electricity network, has appointed Shell oil executive Zoë Yujnovich as chief executive after the retirement of John Pettigrew.Yujnovich was until recently working at FTSE 100 oil company Shell, where she was director of integrated gas and upstream (oil production) and a member of the executive committee. She previously led the Iron Ore company of Canada, part of Rio Tinto.I firmly believe in the vital function energy companies play in driving change and creating value. On both sides of the Atlantic National Grid has an essential role to play in making energy secure, affordable and reliable for our customers and communities. I’m excited about leading National Grid as it delivers on the growth opportunities ahead. Continue reading...

Economics

3 w. ago Tesla searches for new CEO to replace Elon Musk amid stock turmoil and forces White House exit

Tesla began a search to replace CEO Elon Musk amid stock turmoil and negative press from the 'First Buddy' serving as head of the Department of Government Efficiency.

Events

3 w. ago Canada election live: Polls open for crucial vote after Trump and his trade war dominate campaign

The Liberal Party – led by current Prime Minister Mark Carney – are seeking to extend their decade in power

Politics

3 w. ago Canada election live: Polls open in crucial vote after Trump and his trade war dominate campaign

The Liberal Party – led by current Prime Minister Mark Carney – are seeking to extend their decade in power

Politics