2 w. ago Stock markets rise on signs of Trump tariff retreat; British Steel races to keep furnaces burning – business live

Chinese exports jump as official says ‘the sky won’t fall,’ despite warning from US officials that smartphone and laptop exemption from import tariffs on China will be short-livedMatt Britzman, senior equity analyst at Hargreaves Lansdown, said:Just when it seemed the tariff chaos couldn’t get any worse, tech investors have spent the weekend scrambling to make sense of a whirlwind of confusing - and at times contradictory - messages coming out of the White House. Despite the drama, European markets have taken an easing stance on US tech components as a positive in a broad-based rally this morning, with the FTSE 100 up 1.5% in early trading.This time, it’s chips, smartphones, and other tech components taking centre stage. While there were early signs on Friday night that some broad exemptions might be in play, it turns out tariffs are still very much on the table. But here’s the twist: despite the messy rollout, what’s caught investors’ attention is the news that these products won’t...

Economics

3 w. ago Keir Starmer warns the future of British Steel 'hangs in the balance' as he prepares to recall Parliament TOMORROW to avoid industry's collapse after Trump hits it with tariffs

MPs are being brought back to Westminster from the Easter recess amid intense manoeuvring in the wake of Donald Trump's tariffs.

Events

3 w. ago Parliament will be recalled TOMORROW amid signs British Steel could be nationalised to avoid industry's collapse after Trump tariffs

MPs are being brought back to Westminster from the Easter recess amid intense manoeuvring in the wake of Donald Trump's tariffs.

Politics

3 w. ago Commons will be recalled TOMORROW amid signs British Steel could be nationalised to avoid industry's collapse after Trump tariffs

MPs are being brought back to Westminster from the Easter recess amid intense manoeuvring in the wake of Donald Trump's tariffs.

Politics

3 w. ago Prada buys Versace in €1.25bn deal uniting Italy’s biggest fashion brands

Prada has secured Versace at a €180m discount amid market turmoil and after months of speculationPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading...

Economics

3 w. ago Prada’s €1.25bn Versace takeover: a new era for Italian luxury

Prada has secured Versace at a €200m discount amid market turmoil, uniting two Italian fashion powerhousesPrada has agreed to buy the Versace fashion brand for €1.25bn ($1.38bn) from the fashion conglomerate Capri Holdings.It comes after months of speculation about a potential deal to combine the two Italian fashion houses and, more recently, rumours that the acquisition was set to collapse after market upheaval in response to President Trump’s tariff policies. Continue reading...

Politics

last month 'I think it's going very well', says Trump as tariff announcement sparks biggest shares collapse since Covid with trillions of dollars wiped from US stock market

The US President claimed the markets and the country are going to 'boom' despite American stocks leading a worldwide selloff yesterday.

Politics