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International trade
UK Economy Could Dodge Trump Tariff Impact Due to Services Sector Dominance Says Bank Chief
The United Kingdom's heavy reliance on services exports could shield it from the worst effects of Donald Trump's proposed tariffs, according to Bank of England Governor Andrew Bailey. The central bank chief's optimistic outlook comes amid…
Trump Vows to Block $14 Billion Dollar Nippon Steel Acquisition of US Steel
The global steel industry faces a significant shake-up as Donald Trump declared his intention to prevent Japan's Nippon Steel's £14.9 billion acquisition of US Steel, raising concerns about potential trade implications should he return to…
Trump Promises 100% Tariffs on BRICS Nations in Currency Dispute
Global markets face renewed uncertainty as former US President Donald Trump has issued stark warnings to BRICS nations regarding potential currency initiatives. In a dramatic proclamation on his Truth Social platform, Trump threatened to…
Economic Powerhouses Falter as UK and Germany Face Similar Growth Challenges
Recent economic data reveals both Germany and the UK are grappling with significant growth challenges, positioning them at the bottom of the G7 economic performance rankings. Germany's cumulative growth since Q4 2019 stands at a mere 0.2%,…
Indian Billionaire Gautam Adani Faces US Charges Over $250 Million Dollar Bribery Claims
Indian business magnate Gautam Adani has been indicted by US prosecutors over an alleged massive bribery scheme involving solar power contracts, marking a significant blow to one of Asia's most prominent business figures.
The 62-year-old…
UK Prime Minister Meets Chinese President Xi Promising Stronger Economic Ties
Sir Keir Starmer's recent meeting with Chinese President Xi Jinping at the G20 summit in Rio de Janeiro marks a significant shift in UK-China relations. The British Prime Minister's pledge to build "consistent, durable, respectful"…
Britain Faces Critical Trade Decision Between EU and Trump Led America
Recent revelations from former World Trade Organisation (WTO) chief Pascal Lamy underscore Britain's looming economic dilemma as it navigates post-Brexit trade relationships. The UK must decisively position itself between maintaining strong…
British Cheese Industry Faces Multimillion Pound Brexit Export Crisis as Entries Miss World…
A significant disruption in the British cheese sector has emerged as hundreds of UK entries failed to clear customs en route to the prestigious World Cheese Awards in Viseu, Portugal, highlighting the severe post-Brexit trading…
Russian Fertiliser Ship Creates Controversy at Great Yarmouth Port
A vessel carrying 20,000 tonnes of Russian ammonium nitrate has sparked significant concerns among Great Yarmouth residents and raised questions about maritime safety protocols and international trade relations.
The MV Ruby, dubbed the…
How Britain Should Respond to Donald Trumps Global Trade Tariff Threat
The looming spectre of Donald Trump's proposed global tariffs presents a significant challenge for British trade policy. The former president's campaign promise to implement sweeping tariffs of 10-20% on all imports, including those from…
Bank of England Governor Calls for Stronger EU Trade Relations as Brexit Weighs on Economy
The Bank of England's Governor, Andrew Bailey, has issued a stark call for Britain to rebuild its trading relationship with the European Union, highlighting Brexit's detrimental impact on goods exports to the continent.
Speaking to…
Global Auto Giants Face Profit Squeeze as Chinese Market Competition Intensifies
Leading international automakers Toyota, Honda and BMW have reported significant drops in quarterly profits, primarily due to mounting challenges in the Chinese market. The world's largest automotive market has become increasingly…
Global Markets Brace for Economic Turbulence as Trump Victory Signals Protectionist Era
The global economic landscape faces a seismic shift as Donald Trump's election victory sends shockwaves through Europe and Asia, with policymakers and executives scrambling to assess the implications of a potential protectionist surge from…
Russian Exporters Turn to Soviet Era Barter System as Western Sanctions Bite
Russian exporters are increasingly embracing barter trade arrangements to circumvent payment delays stemming from Western sanctions imposed following Moscow's invasion of Ukraine. The shift comes as foreign banks distance themselves from…
Adani Group Cuts Power Supply to Bangladesh Over Payment Dispute
The Adani Group has initiated power supply reductions to Bangladesh, escalating tensions over mounting unpaid bills that threaten to completely halt electricity exports to the South Asian nation. The Indian conglomerate began reducing…