10 h. ago Trump says Samsung and other smartphone manufacturers will also be subject to 25% Apple tariff – business live

US president says 50% tariff on EU goods to come in 1 June; Apple iPhones and those of other manufacturers made overseas to face 25% tariffTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Ne...

Economics

11 h. ago European markets suffer losses after Trump ‘recommends’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net export...

Economics

17 h. ago Trump ‘recommending’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTypical energy bill in Great Britain to fall 7% to £1,720 a year from JulyAs well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net exports an...

Politics

20 h. ago Famous high street giant makes return 13 years after shutting 240 UK stores

A popular electrical store has been bought by online marketplace OnBuy, which plans to inject £10 million into the electrical retailer and create between 50 and 70 new jobs

Politics

47 h. ago Marks and Spencer website goes DOWN: Customers left unable to browse online as retailer continues to deal with aftermath of devastating cyber

The retailer, which has been forced to suspend online orders for weeks in the aftermath of a devastating cyber-attack, saw its regular homepage replaced with a holding screen.

Economics

47 h. ago Marks and Spencer website is DOWN: Customers left unable to browse online as retailer continues to deal with aftermath of devastating cyber

The retailer, which has been forced to suspend online orders for weeks in the aftermath of a devastating cyber-attack, saw its regular homepage replaced with a holding screen.

Economics

65 h. ago Marks & Spencer hack: When will the retailer be back to normal?

The retailer has said a recent cyber attack will cost the firm around £300 million.

Politics

66 h. ago UK retailer Marks & Spencer puts cyberattack cost at $400 million with disruptions ongoing

British retailer Marks & Spencer estimates that a cyberattack that stopped it from processing online orders and left store shelves empty will cost it about 300 million pounds, or $400 million

Economics

3 d. ago Online criminals attacking HSBC ‘all the time’, says head of UK arm

Ian Stuart tells MPs that cybersecurity is biggest expense as bank systems face scrutiny after M&S and Co-op attacksThe boss of HSBC’s UK arm has said the bank is “being attacked all the time” by online criminals, with cybersecurity now its biggest expense, costing the lender hundreds of millions of pounds.Ian Stuart sought to reassure MPs that cybersecurity was “very much at the top of our agenda”, amid growing concerns that other large businesses could fall victim to the kind of attacks that have caused chaos at retailers such as Marks & Spencer and the Co-op. Continue reading...

Events

7 d. ago Marks & Spencer to reveal how much cyber attack cost retailer

Hackers successfully accessed customer personal data during the cyber attack

Events

8 d. ago Marks & Spencer begins to restock shelves as retailer continues to battle cyber attack

Stores have remained open, however, and it has still been receiving deliveries from suppliers

Events

8 d. ago Marks and Spencer begins to restock shelves as retailer continues to battle cyber attack

Stores have remained open, however, and it has still been receiving deliveries from suppliers

Events

9 d. ago Popular British furniture store that collapsed in 2008 is BACK

The defunct furniture brand was once one of the country's largest kitchen and bedroom furniture retailers, and will return after almost 20 years.

Politics

1 week ago Retail sales bask in record April sunshine as Britons splash out

The sunniest April on record helped boost retail sales by 7% on last year, data from the British Retail Consortium-KPMG Retail Sales Monitor shows.

Politics

1 week ago Wife of retail baron Sir Philip Green in lucrative property deal

Lady Green owned Topshop's parent company Arcadia, which was run by her husband. She bought the apartments three months before Arcadia was put into administration.

Economics

3 w. ago How ‘native English’ Scattered Spider group linked to M&S attack operate

Cybersecurity expert says group are ‘unusual but potently threatening’ coalition of ransomware hackersIf there is one noticeable difference between some members of the Scattered Spider hacking community and their ransomware peers, it will be the accent.Scattered Spider has been linked to a cyber-attack on UK retailer Marks & Spencer. But unlike other ransomware assailants, its constituents appear to be native English speakers and are not from Russia or former Soviet states. Continue reading...

Events