34 h. ago Shein Drops UK Communications Firms as Trump Tariffs Throw London IPO off Course

Shein Drops UK Communications Firms as Trump Tariffs Throw London IPO off Course  U.S. News & World Report

Economics

61 h. ago McDonald’s posts surprise decline in global sales in first quarter

Firm was navigating ‘toughest of market conditions’ when Trump’s tariffs worsened wallet pressures on consumersMcDonald’s posted a surprise decline in first-quarter global sales on Thursday, as demand from cash-strapped diners in its key markets faltered on uncertainty sparked by chaotic tariffs.The company was navigating the “toughest of market conditions”, the company’s CEO Chris Kempczinski said, as global comparable sales fell 1%, while analysts on average had estimated a 0.95% rise. Continue reading...

Politics

3 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

2 w. ago Why your pension could be dealt a body blow as Trump eyes tariffs for Britain's top drug firms

If the tariff-loving Trump goes ahead with his plans, it will hit AstraZeneca - the most valuable company on the UK stock market - and also rival GSK, another stalwart of the FTSE 100.

Economics

2 w. ago ‘Severe strain’ on tech supply chains will cause more price rises in electronics

Experts say the ongoing uncertainty around Donald Trump’s tariff policy is forcing firms to put prices up – as Sony announced PS5 price rises.

Science

3 w. ago China’s new tariffs on US goods to come into effect as Trump pauses measures for other countries – business live

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on ThursdayRead the latest full reportIn a stunning U-turn, Trump has reversed high tariffs on most nations – at least for 90 days. But the focus is now on China, the second-biggest provider of US imports, of which the pause does not apply.Instead, Trump has raised tariffs on China to 125%, while China has announced new tariffs of 84% on all US imports, further escalating a high-stakes confrontation between the world’s two largest economies.For President Xi, there is only one politically viable response to Trump’s latest threat: Bring it on! Having already surprised domestic audiences with a forceful 34% reciprocal tariff, any appearance of backing down would be politically untenable,” says Diana Choyleva, founder and chief economist at Enodo Economics, a forecasting firm.”Global markets surged after Trump announced his 90-day tariff pause. The S&P 500 surged 5.6%, while the Nasdaq h...

Politics

3 w. ago These billionaires were firmly behind Trump and Republicans. That was until tariffs were announced

In his Wednesday post on Truth Social, Trump said the decision to “substantially lower” his levies was due to over 75 countries reaching out to his administration to broker trade deals

Politics

3 w. ago EU drug firms warn of exodus to US as Trump threatens import tariffs

Von der Leyen urged to take ‘rapid and radical action’ as president says tariffs on pharmaceuticals coming ‘shortly’The Irish villages under threat from Trump’s tariffsPharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Events

3 w. ago EU drug companies warn of exodus to US as Trump threatens import tariffs

Von der Leyen urged to take ‘rapid and radical action’ as president says tariffs on pharmaceuticals coming ‘shortly’The Irish villages under threat from Trump’s tariffsPharmaceutical companies in the EU have warned of a “risk of exodus” to the US as stocks in the sector slid around the world on the back of Donald Trump’s renewed threat to impose tariffs on US drugs imports.Drugmakers’ shares across Europe and India, another foreign drugs hub, slipped on Wednesday after Trump indicated further carnage was on the way in addition to the 20% “reciprocal tariffs” on imports that kicked in overnight. Continue reading...

Events

3 w. ago White House stands firm on Trump’s tariffs and claims 70 nations want to negotiate new deals: Live updates

Treasury Secretary Scott Bessent says allies lining up to sign fresh agreements to ease trade war pain

Economics

3 w. ago White House stands firms on Trump’s tariffs and claims 70 nations want to negotiate new deals: Live updates

Treasury Secretary Scott Bessent says allies lining up to sign fresh agreements to ease trade war pain

Economics

3 w. ago Keir Starmer tells firms 'we have your back' as Trump's 'nuclear winter' tariffs hammer Wall St and the FTSE and the EU says it is ready to do a deal

The PM and Chancellor Rachel Reeves used a visit to a Jaguar Land Rover to fight to lessen the impact of the US import tax regime, as Wall Street became the latest market to nose dive.

Economics

4 w. ago Scots businesses 'braced' for impact of Donald Trump tariffs with firms taking 'urgent' measures

The US market is worth about £971million to the Scotch whisky industry, while salmon is worth £225million in exports.

Economics

4 w. ago The first UK victim of Trump's Tariff: Firm lost £350,000 order from US customer at last minute because of new levy

A businessman has lost a £350,000 deal with a US customer following President Trump's decision to hit the UK with tariffs on exports.

Economics

4 w. ago ‘There are no winners’: global companies respond to Trump tariffs

From UK tailors to Australian farmers to Irish whiskey distillers, firms reveal the impact of US measuresDonald Trump’s sweeping tariffs will upend global trade, adding costs and delays to businesses around the world and threatening a recession.The Guardian spoke to eight businesses about the impact. Continue reading...

Politics