A sweeping escalation in US trade tariffs has sent shockwaves through the global economy, with economists warning that the UK, the European Union, and a number of Asian economies could slide into recession this year. President Trump has raised tariffs on imports from 60 countries, lifting the average US tariff rate from 2.5 per cent […]
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Amazon has stunned the tech world with a last-minute bid to acquire TikTok, the hugely popular video-sharing platform currently facing a US ban over national security concerns linked to its Chinese ownership. The move comes just days ahead of a critical enforcement deadline. Under legislation signed into law in April 2024 by then-President Joe Biden, […]
The credibility of UK economic data has been thrown into doubt after senior officials at the Office for Budget Responsibility (OBR) and the Bank of England raised serious concerns about the reliability of statistics produced by the Office for National Statistics (ONS). Speaking to MPs on the Treasury select committee, Richard Hughes, chairman of the […]
Billionaire entrepreneur Elon Musk is set to step back from his advisory role within the Trump administration, according to reports from Politico. US President Donald Trump is said to have informed close aides that Musk will return his attention to his business ventures in the coming weeks, having overseen what has been described as an […]
Food inflation in the UK edged higher in March as Britons splashed out early on Easter eggs and seasonal confectionery, pushing up prices of chocolate and sweets across supermarket shelves. According to the latest data from Kantar, grocery inflation rose to 3.5% in the four weeks to 23 March, up from 3.3% the previous month. […]
UK house prices climbed 3.9 per cent year-on-year in March as a flurry of buyers rushed to complete property purchases ahead of stamp duty threshold changes coming into effect on April 1, according to the latest figures from Nationwide. The average price of a UK home now stands at £271,316, unchanged from February, but flat […]
Sir Richard Branson’s Virgin Group is celebrating what it calls a “green signal for competition” after the UK rail regulator confirmed that there is enough capacity at Eurostar’s London maintenance depot to support rival high-speed train services through the Channel Tunnel. The Office of Rail and Road (ORR) announced that the Temple Mills depot in […]
Aston Martin Lagonda has secured a fresh £125 million capital injection as executive chairman Lawrence Stroll and his Yew Tree Consortium deepen their financial backing of the iconic but loss-making British carmaker. The latest round of fundraising comes from two sources: the £74 million sale of Aston Martin’s stake in Stroll’s privately owned Formula 1 […]
Small businesses across the UK are being given the chance to pitch for a share of £1 million in funding as NatWest launches its Accelerator Pitch competition to celebrate ten years of its free NatWest Accelerator programme. The initiative invites ambitious entrepreneurs to submit a 60-second video pitch explaining how funding would help their business […]