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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…
ECB Chief Lagarde Urges Europe To Buy American As Trump Trade War Looms
Christine Lagarde, the European Central Bank president, has called for European leaders to engage diplomatically with Donald Trump over tariffs by increasing purchases of US products, warning that an antagonistic trade war could devastate…
UK Stocks Set to Outperform European Markets as Wall Street Giants Back British Equities
Leading Wall Street institutions are betting on UK stocks to surpass their European counterparts, particularly as markets brace for the impact of US President-elect Donald Trump's proposed trade tariffs. Investment powerhouses including…
European Welfare State Faces Critical Threat as Economic Growth Continues to Decline Lagarde Warns
The European Union's cherished welfare state system faces mounting pressure as persistent economic decline threatens its sustainability, according to European Central Bank President Christine Lagarde. Speaking in Paris on Monday, she…
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…
ADM Cancels Investor Call as Fresh Accounting Concerns Surface Share Price Plummets
Agricultural commodities giant Archer Daniels Midland (ADM) has cancelled its quarterly results webcast with investors following the discovery of financial-reporting errors, deepening the crisis that began when it placed its finance…
Tech Stocks Tumble as Wall Street Suffers Worst Daily Performance Since September
US stocks surrendered their October gains as a significant tech sell-off triggered Wall Street's most substantial daily decline in nearly two months. The S&P 500 fell 1.9 per cent whilst the tech-heavy Nasdaq Composite plummeted 2.8 per…
IMF warns Trump’s trade tariffs may damage the global economy, but it also upgrades UK outlook
The International Monetary Fund warned that the tariffs proposed by Donald Trump, the US presidential candidate, could harm global growth and upgraded its forecasts for the UK's economy.
The Washington-based organization said that…
UK’s post Brexit checks on fruits and vegetables have been delayed a third.
The third delay in the planned post-Brexit check on fruits and vegetables imported into Britain from EU has been made due to concerns raised by suppliers that the checks could result in higher prices for consumers.
The government has…
Russia Establishes Covert Trade Network with India to Circumvent Sanctions
In a startling revelation, leaked Russian state correspondence has unveiled Moscow's clandestine efforts to establish a covert trade channel with India. The primary objective of this secretive network is to secure critical electronics and…
Unite Calls for Wealth Tax on Super-Rich to Fund Public Sector Pay Rises
Britain's second-largest trade union, Unite, is urging the new Labour government to introduce an emergency 1% wealth tax on the assets of the super-rich. The proposed tax would be applied to individuals with assets exceeding £4 million,…
Labour Unions to Push for Pay Restoration Deals in Public Sector
The Trades Union Congress (TUC) is preparing to vote next month on a motion aimed at making "pay restoration" deals a key focus in their campaigns with the Labour government. These deals are intended to provide above-inflation pay increases…
BT Breathes Sigh of Relief as Patrick Drahi Reportedly Sells Down Stake to Raise Cash
The City is abuzz with speculation that debt-laden media tycoon Patrick Drahi has quietly sold a portion of his nearly 25 percent stake in BT over the past few months. According to a new analysis, the French-Israeli billionaire, who is the…
Mohsin issa injects £30m to stop Asda’s sales slump
Asda's chief Mohsin Issa announced an emergency cash injection of £30m amid an alarming drop in sales at the troubled grocery chain.
The investment package will be implemented by the end of this year. It will increase staffing hours,…
Harland & Wolff, the Titanic shipbuilder, suspends its shares trading
Harland & Wolff has suspended trading in its shares after failing to publish audited results for the past year.
PKF Littlejohn's auditor failed to sign the accounts on time because of a delay in deciding whether revenue should be…
UK and EU horticulture companies warn of the harm caused by post Brexit border delays
Nursery and garden centres in Britain and Europe warned that the new border posts after Brexit are not functioning properly, causing delays, damage, and extra costs to importers of plants.
The Horticultural Trade Association (HTA), which…
China accepts tariff talks on electric cars as EU tries to avoid a trade war
The EU and Beijing have concluded last-ditch negotiations over plans to increase tariffs on Chinese electric car imports amid concerns of an upcoming tit-fortat trade conflict.
The European Commission and China's trade ministers agreed…
Import tariffs to be imposed on Chinese electric cars
The EU will notify China this week that it is imposing tariffs on imports of electric vehicles, kicking off a possible summer trade war between Beijing and the EU.
After a long investigation into China's subsidies for car manufacturing…