4 h. ago Trump tariffs could ‘wipe out’ European steel sector, senior industry figure says

ThyssenKrupp executive warns of ‘collateral damage’ to supply chains and urges protective action on energy pricingEurope’s steel industry faces being “wiped out” in the face of Donald Trump’s prohibitive 50% tariffs, high energy costs and a mountain of cheaper Chinese steel, one of Germany’s biggest industrial groups has warned.Ilse Henne, a board member at the steel, engineering and chemicals group ThyssenKrupp, said the industry faced an existential crisis after the US president’s decision last week to double tariffs on steel and aluminium imports from 25% to 50%. Continue reading...

Politics

56 h. ago Household Support Fund 2025: UK families urged to apply for cost of living support payment before deadlines

Many councils are offering one-off payments — check what you could get where you live 🧾

Economics

3 d. ago Europe's central bank expected to lower interest rates as Trump's trade war threatens growth

Lower inflation and concern that U.S. President Donald Trump’s trade war will slow already modest growth have cleared the way for the European Central Bank to cut interest rates at Thursday’s policy meeting, a step that would lower borrowing costs for consumers and businesses and promote economic activity

Events

5 d. ago Cost of ‘minimum retirement lifestyle’ has fallen amid lower energy prices

The changes are mainly due to reduced energy costs and some small spending adjustments by research participants, the PLSA said.

Economics

6 d. ago UK industrial strategy must deal with high energy costs, business warns

Lobby groups call on Starmer to ensure imminent plan tackles power bills for wide range of companies

Economics

9 d. ago Trump changed the name of a US military base. It costs nearby businesses a small fortune

Businesses in the area are facing a challenge now that the Trump administration has once again renamed the military post

Events

1 week ago UK renters hit hardest by inflation as household costs surge

Spiralling rents for the UK’s 5.5 million private tenants continued to outstrip broader price rises in the economy last year.

Economics

1 week ago 70% of small businesses say tariffs are already increasing costs, despite Trump’s team assurances they are not

A recent HSBC survey found that over 70 percent of US small and mid-sized businesses are facing higher costs due to tariffs.

Economics

2 w. ago Major UK high street tech giant to sack 80 staff in latest jobs blood bath

The electricals giant has entered a consultation period with staff impacted across all head office functions in a way to trim costs across the business

Events

2 w. ago Customers unable to shop as Marks and Spencer website goes down

It follows a 'human error' cyber attack costing the business £300million

Economics

2 w. ago Harvey Nichols could scrap its luxury hampers in bid to cut costs

The department store business is undergoing a three-year turnaround programme under recently-appointed boss Julia Goddard

Politics

2 w. ago FTSE 100 Live 21 May: M&S braced for £300m cyber attack hit, inflation surges

Marks & Spencer has revealed that disruption from a “highly sophisticated” cyber attack last month is expected to continue through to July.

Economics

2 w. ago FTSE 100 Live 21 May: Inflation surges, M&S reveals cyber attack profit hit

Marks & Spencer has revealed that disruption from a “highly sophisticated” cyber attack last month is expected to continue through to July.

Economics

2 w. ago EU reset deal puts Britain back on the world stage, says Keir Starmer

UK prime minister heralds a ‘win-win’ but faces criticism for concessions on fishing rightsKeir Starmer has vowed his EU reset deal will deliver cheaper food and energy for British people, heralding a “win-win” as he sealed the high-stakes agreement with concessions on youth visas and fishing.“Britain is back on the world stage,” the prime minister said after shaking hands on the deal with the EU’s Ursula von der Leyen in London. “It gives us unprecedented access to the EU market, the best of any country all while sticking to the red lines in our manifesto.” Continue reading...

Economics

3 w. ago Workspace warns higher costs and lower rents to hit profits next year

Shares in the firm tumbled by about 12% on Friday morning.

Events

3 w. ago US producer prices tumble in April as tariffs squeeze profit margins

Wholesale inflation falls, but economists warn businesses are yet to pass on the higher costs of trade levies

Economics

3 w. ago Scottish business ‘resilient’ in face of trade tariffs and rising costs

“The tracker this month reflects the challenges that economic uncertainty can create for businesses of all scales” – Seb Burnside

Economics

3 w. ago Burberry to axe up to 1,700 jobs after falling into loss on luxury slump

Burberry said it had suffered a “challenging first half” and warned of a “difficult macroeconomic backdrop.”

Politics

3 w. ago Pub group Marston’s returns to profit after cost cuts and drawing in punters

The company reported a pre-tax profit of £19 million for the six months to March 29.

Economics

4 w. ago Trump will destroy world trade, but democracies can defend themselves – and each other | Anders Fogh Rasmussen

We need a trade block, a D7, that would mirror Nato. An economic attack on one would be an attack on allAnders Fogh Rasmussen is a former prime minister of Denmark and former secretary general of Nato The postwar global economic order, with the United States at its centre, has created more prosperity than any other period in human history. Yet as Donald Trump takes a sledgehammer to that economic order, America’s democratic allies face a choice. We can accept the new cost of doing business with the US. We can follow the US down a path of mutually assured economic destruction with an ever-escalating trade war. Or we can find new avenues to keep free trade alive.My proposition? I believe we need a new platform for economic cooperation between the world’s seven leading democracies. Call it the “Democratic 7”, or “D7”. The EU, the UK, Canada, Australia, New Zealand, Japan, and South Korea represent roughly 25% of global GDP and account for about 35% of global trade volume. Together, the...

Politics