66 h. ago Core inflation jumps as consumers face higher prices with Trump’s tariffs kicking in

Cost of food remains unchanged and energy goes down - but other key items like rent and used cars see prices increase as Trump resumes his tariff regime

Economics

66 h. ago Core inflation jumps as consumers face higher prices with Trump’s tariffs kick in

Cost of food remains unchanged and energy goes down - but other key items like rent and used cars see prices increase as Trump resumes his tariff regime

Economics

7 d. ago Trump’s tariffs are not only making cars more expensive, but insurance as well

Analysis finds cost of full-coverage car insurance could rise as much as seven percent to an average of $2,472 annually

Politics

7 d. ago Martin Rowson on Donald Trump’s latest wave of tariffs – cartoon

Continue reading...

Politics

8 d. ago Honda quarterly profits drop by half as carmaker feels effects of Trump tariffs

Fall in operating profits also due to losses on electric car sales in US but drop is less than manufacturer estimatedBusiness live – latest updatesThe Japanese carmaker Honda has reported a 50% drop in quarterly profits as it counted the cost of Donald Trump’s tariffs and electric vehicle policies, even as it said the full impact would be less than its worst expectations.The manufacturer’s operating profits fell by half to 244bn yen (£1.2bn) in the three months to June, according to financial results published on Wednesday. That was mainly because of a 124bn yen hit from tariffs, as well as 113bn yen in losses on electric car sales in the US. Continue reading...

Politics

4 w. ago Jaguar Land Rover to axe 500 UK management jobs as Trump tariffs fallout dents sales

British carmaker to offer voluntary redundancy to managers after 15.1% sales drop in three months to JuneUK unemployment rises as jobs market ‘weakens’Business live – latest updatesJaguar Land Rover has said it will axe up to 500 management jobs in the UK, after the carmaker reported a plunge in sales linked to Donald Trump’s tariffs.The British luxury car manufacturer said about 1.5% of its staff in the UK would be affected by the job cuts as part of a voluntary redundancy round for managers. JLR, which is owned by India’s Tata Motors, employs 33,000 people in the UK. Continue reading...

Politics