58 h. ago Southeast Asian leaders hit out at Trump tariffs as China pledges support

Influential regional association’s summit with China and Gulf nations underscores ‘urgency of diversifying trade beyond traditional markets’

Politics

3 d. ago Tourists from countries badly hit by Trump tariffs are staying away from US

Data from hotel site Trivago shows fewer US bookings by holidaymakers from Canada, Japan, Mexico and Germany Holidaymakers in countries hit the hardest by Donald Trump’s trade tariffs are taking the US off their list for trips abroad, according to online travel booking data.Findings from the hotel search site Trivago also suggest that UK and US travellers are increasingly choosing domestic holidays amid concerns over an uncertain economy. Continue reading...

Politics

7 d. ago What EU exports are hit hardest by Trump’s 50% tariff threat?

More than a fifth of all EU goods exports are to the US market

Events

2 w. ago Starmer’s former economic adviser warns Reeves will have to raise taxes

Labour prime minister and chancellor under pressure as US President Donald Trump’s tariffs continue to hit the UK, despite last week’s trade deal

Events

2 w. ago ITV set for ad sales fall but does not expect hit from Trump film tariff threat

The group said it was still assessing the ‘possibility of trade tariffs in the US’.

Events

3 w. ago Commerce Secretary Howard Lutnick gloats about baffling UK trade deal

American consumers are still going to be hit with higher prices from Trump’s 10 percent tariffs on British products

Economics

3 w. ago The EU publishes a US product hit list and prepares for WTO action against Trump's tariffs

The European Union has published a list of U.S. imports to target with retaliatory duties if no solution is found to end President Donald Trump’s tariff war

Politics

3 w. ago Tech giants beat quarterly expectations as Trump’s tariffs hit the sector

What’s new in AI – from effects on job market to Meta’s new app and ChatGPT changes – and a look at Musk’s first termHello, and welcome to TechScape. I’m your host, Blake Montgomery, and this week in tech news: Trump’s tariffs hit tech companies that move physical goods more than their digital-only counterparts. Two stories about AI’s effect on the labor market paint a murky picture. Meta released a standalone AI app, a product it claims already has a billion users through enforced omnipresence. OpenAI dialed back an obsequious version of ChatGPT. And we look back at Elon Musk’s first term. Continue reading...

Politics

3 w. ago Ford expects to take a $1.5bn profit hit from Trump tariffs this year

Ford became the latest automotive giant to pull profit guidance as the chaos unleashed by Trump made financial forecasting impossible.

Economics

3 w. ago UK and India agree trade deal after three years of negotiations

Deal could help UK industries hit by Trump tariffs, as ministers say it will add £4.8bn a year to economy by 2040UK politics live – latest updatesBritain and India have agreed a long-desired trade deal that ministers said would add £4.8bn to the UK economy a year by 2040.The agreement, which was finalised on Tuesday after more than three years of negotiations under successive governments, has long been touted as one of the biggest prizes of Brexit. Continue reading...

Economics

3 w. ago UK and India agree ‘landmark’ trade deal after three years of negotiations

Deal could help UK industries hit by Trump tariffs, as ministers say it will add £4.8bn a year to economy by 2040UK politics live – latest updatesBritain and India have agreed a long-desired trade deal that ministers said would add £4.8bn a year to the UK economy by 2040.The agreement, which was finalised on Tuesday after more than three years of negotiations under successive governments, has long been touted as one of the biggest prizes of Brexit. Continue reading...

Economics

3 w. ago UK and India agree trade deal, slashing tariffs on car and whisky exports

The deal follows three years of talks and is set to boost several sectors which are hit especially hard by Donald Trump’s tariffs.

Economics

3 w. ago UK car sales drop 10% in April; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldCar sales across the UK fell by over 10% last month, compared to a year ago.New industry data shows that 120,331 new vehicles were registered in April, 10.4% fewer than in April 2024.In what is traditionally a quieter month following the March plate change, volumes were also impacted by the late timing of Easter, resulting in fewer working days.In addition, the implementation of VED changes affecting all new cars, including the Expensive Car Supplement which became applicable to many new EVs from 1 April, pushed transactions into March as shrewd buyers got ahead of the tax increases. Continue reading...

Economics

3 w. ago China’s service sector hit by trade war; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldAmerican children face paying higher prices for Barbie dolls due to the Trump tariffs on imports.Mattel, the toy manufacturing giant, revealed last night that it plan to raise prices on American toys due to tariffs, and is also looking to move some manufacturing out of China.Accelerating diversification of its supply chain and further reducing reliance on China-sourced product,Optimizing product sourcing and product mix, andWhere necessary, taking pricing action in its U.S. business.In an uncertain macro environment that has intensified due to the potential impact of tariffs, we are focused on what we can control.We are improving our supply chain agility, taking decisive cost actions to mitigate financial impact where possible, and ensuring we can continue to serve our customers and consumers. Continue reading...

Economics

3 w. ago Eluned Morgan warns Donald Trump's tariffs will hit Wales harder than England

She believes though that Wales could benefit from renewable sector investors pulling out of the US

Events

4 w. ago Ship broking giant Clarksons issues profit warning as Trump's tariffs hit rates

FTSE 250 listed company says profits will be in the range of £85 million to £95 million

Events

last month 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