9 h. ago Silvertown and Blackwall tunnel tolls 'pose risk' to Tower Bridge, custodians warns

The City Bridge Foundation says increased traffic from the new charges will have a ‘detrimental impact’ on the famous landmark

Events

32 h. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump tariffs fuel recession fears – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nations, and Goldman Sachs say US recession more likelyWall Street shrinks in response to price pressures, stoking fears of Trump tariffsSwiss bank UBS has cut its forecast for the US stock market’s gains this year.Having previously forecast the S&P 500 shares index would end the year at 6,600 points (which would have been a 12% gain in 2025), UBS have now cut their end-year target to 6,400 points.“After considering the effects of tariffs and slower growth data so far in 2025, we now expect 6% earnings per share growth, and we have accordingly reduced our year-end target for the index to 6,400 (from 6,600).But this also means that there is still meaningful upside for broad US equities by year-end, in our view.”The Nikkei closed down 4%, while European indices are a sea of red. The sell off is broad based, with more than 550 of the Eurostoxx 600 stocks lower as investors take...

Economics

3 d. ago Employers National Insurance: How April 2025 increase will impact you

The UK Government is making the move 'to help fix the foundations of the public finances and invest in public services', but experts warn that businesses could make moves to save money in other ways

Politics

5 d. ago MP suggests Republic of Ireland should take ‘rightful’ place in Commonwealth

Andrew Rosindell, MP for Romford, also called for a bank holiday to mark St Patrick’s Day.

Politics

7 d. ago Unity Trust Bank marks 40 years of impact with increase in lending to areas of high deprivation

Unity Trust Bank, which supports organisations that create positive social impact across the UK, has published its annual results for 2024, reflecting its strong commitment to housing and healthcare in Scotland.

Economics

7 d. ago Globalisation may have run its course in current form, says HSBC chair

Trade tensions in era of Trump tariffs create serious potential risk to global growth, warns Sir Mark TuckerGlobalisation “may have now run its course” in its current form, according to the chair of HSBC, as geopolitical tensions and US tariffs threaten to upend existing global trade.Speaking at the bank’s global investment summit in Hong Kong on Tuesday, Sir Mark Tucker warned that trade tensions created uncertainty that posed a “serious potential risk to global growth”, in remarks reported by the Financial Times. He predicted stronger economic ties would develop between regional groups and trade blocs. Continue reading...

Society

8 d. ago UK Bank Chair Wants Crypto Tax To Curb ‘Terrifying’ Obsession, Revive London Markets

UK Bank Chair Wants Crypto Tax To Curb ‘Terrifying’ Obsession, Revive London Markets  CCN.com

Economics

1 week ago Trade war risks increased prices, slower growth and jobs impact, minister warns

Paschal Donohoe was speaking following the publication of a report on the potential impact of tariffs.

Events

1 week ago Brussels takes action against Google and Apple under Digital Markets Act – as it happened

Rolling coverage of the latest economic and financial newsIstanbul mayor arrested days before likely presidential nominationIs Trump driving the US into a recession? – in chartsSuperdrug is to open 25 new stores this year in a move that will create around 600 jobs, as the health and beauty retailer said it intends to invest more in beauty treatments and luxury fragrances.The company, which said that investing in larger stores drives its bricks and mortar strategy, currently has 780 shops in the UK and Ireland.“We want everyone who enters Superdrug to feel an elevated customer experience.”Bexhill-on-Sea (East Sussex)Billericay (Essex)Dover (Kent)Droitwich (Worcestershire)Dunstable (Beds)East Grinstead (West Sussex)Holyhead (Isle of Anglesey)Ilkley (West Yorkshire)Larne (Antrim, NI)Maldon (Essex)Morley (West Yorkshire)North Walsham (Norfolk)Redcar (North Yorkshire)Saffron Walden (Essex)St Annes on Sea (Lancashire)Turriff (Aberdeenshire)Uckfield (East Sussex)Urmston (Great Manchester) ...

Politics

1 week ago Brussels takes action against Google and Apple under Digital Markets Act – business live

Rolling coverage of the latest economic and financial newsIstanbul mayor arrested days before likely presidential nominationIs Trump driving the US into a recession? – in chartsSuperdrug is to open 25 new stores this year in a move that will create around 600 jobs, as the health and beauty retailer said it intends to invest more in beauty treatments and luxury fragrances.The company, which said that investing in larger stores drives its bricks and mortar strategy, currently has 780 shops in the UK and Ireland.“We want everyone who enters Superdrug to feel an elevated customer experience.”Bexhill-on-Sea (East Sussex)Billericay (Essex)Dover (Kent)Droitwich (Worcestershire)Dunstable (Beds)East Grinstead (West Sussex)Holyhead (Isle of Anglesey)Ilkley (West Yorkshire)Larne (Antrim, NI)Maldon (Essex)Morley (West Yorkshire)North Walsham (Norfolk)Redcar (North Yorkshire)Saffron Walden (Essex)St Annes on Sea (Lancashire)Turriff (Aberdeenshire)Uckfield (East Sussex)Urmston (Great Manchester) ...

Economics

1 week ago Trump tariffs creating ‘high uncertainty’, Bank of Japan warns; list of 95 Santander branches to close – business live

Rolling coverage of the latest economic and financial news Continue reading...

Events

1 week ago Trump tariffs creating ‘high uncertainty’, Bank of Japan warns; Musk’s X ‘valued at $44bn again’ – business live

Rolling coverage of the latest economic and financial newsSavings and investment firm M&G has warned this morning that it faces uncertain times.In its full year results for 2024, M&G points out that:Increased geopolitical uncertainty and market volatility continue to weigh on client sentiment and pose a significant challenge to financial institutions across the globe.The Company has traded well in the first half and delivered strong profit growth. Like other operators in the sector, we face many cost headwinds that will impact us in the second half, following the recent Budget, notably the increase in national living wage and national insurance from April. We estimate that the annualised impact of these two items is £2.6m, with the incremental costs commencing in April and impacting the final quarter of the 2025 financial year.We plan to mitigate the majority of these costs over the next 18 months through price increases and cost efficiencies. Continue reading...

Economics

2 w. ago King called ‘steadfast defender’ of Canada by country’s new PM amid US tensions

Canada is facing a trade war with America and Donald Trump’s repeated vows to make the nation its 51st state.

Events

2 w. ago Canadian PM Mark Carney tells King they have ‘much to catch up on’

Charles welcomed the former governor of the Bank of England to the royal residence during his visit to London.

Politics

2 w. ago Mark Carney sworn in as Canadian prime minister and now must face Trump threats

It capped a momentous rise for the 59-year-old – he becomes the first Canadian PM without serious political experience

Politics

3 w. ago 'I know Mark Carney – he must ditch the gobbledygook to take on Donald Trump'

Having interviewed Mark Carney when he was Bank of England, I believe he does have the ability to outsmart President Trump - but he certainly has a job on his hands

Politics

3 w. ago Sea lions sickened as toxic algae threatens California’s marine mammals

Number of animals affected by neurological toxin increases in past week as experts warn of impact from climate crisisThe number of marine mammals in California affected by a neurological toxin from algae has surged in the past week, in what could be another deadly year for animals such as sea lions, seals, dolphins and larger whales.According to the Marine Mammal Care Center, a rescue facility based in Sausalito, California, the facility is treating more than 30 animals affected by a toxic algal bloom, with eight animals admitted on Wednesday. The algae bloom off the California coast has been on the rise in recent years, producing a neurological toxin called domoic acid. Continue reading...

Events

3 w. ago Mark Carney comes out fighting against Trump and his bid to 'destroy our way of life' as he declares: 'Canada will never be part of America'

Speaking during his acceptance speech, the former Bank of England governor Mark Carney chose to lean strongly into resisting US President Donald Trump's policies.

Politics

3 w. ago Looking back at Mark Carney's Bank of England career as he takes over from Justin Trudeau

Mark Carney will take over at a tumultuous time in Canada, which is in the midst of a trade war with the US

Politics

3 w. ago Canadians believe that Mark Carney is the man to stand up to Donald Trump | Colin Horgan

The newly appointed Liberal leader is likely to call a federal election to bolster his mandate, but Canadians seem to see him as the best bet to counter US tariffsWhen Mark Carney took the job as governor of the Bank of England in 2013, he negotiated a five-year term rather than the traditional eight-year tenure. The sense was that he was eager to get back to Canada to run for office in the next federal election. But that election came and went in 2019, and Carney instead extended his tenure at the Bank, ultimately leaving it in 2020. A year later, the Guardian asked him whether he’d be prime minister of Canada some day. Carney was deliberately coy. “Er, look at the time!” he laughed, with a raised eyebrow.No need to be cute any more. On Sunday evening, Carney won the Liberal leadership race in a landslide, capturing 85.9% of the overall riding points on the first count. The party allocates 100 possible points to each constituency (or ridings, as they’re known), and those points are...

Politics