Since Trump imposed tariffs on Canada and other countries, provincial governments have started to curb their relationships with U.S. businesses. Last month, Alberta refrained from using Bank of America Corp. when it sold a euro-denominated bond deal, a break from its practice for such sales over the past six years.
Jamie Dimon, chief executive of JP Morgan Chase, has warned that the United States faces a 50 per cent chance of recession, citing the fallout from President Trump’s sweeping trade tariffs and a growing mix of economic headwinds. Speaking as markets continue to reel from the uncertainty triggered by the new tariff regime, Dimon said […]
A clear majority of UK voters believe the government should prioritise strengthening trade ties with the EU over pursuing a new economic deal with the United States, according to new polling released this weekend. The findings, published by the internationalist thinktank Best for Britain, suggest that public opinion has shifted decisively since the Brexit referendum, […]
Britain’s top companies were already tightening their belts in anticipation of a worsening global economic outlook — even before President Trump’s tariff U-turns sent markets into a tailspin. A new Deloitte survey of FTSE 350 finance chiefs, carried out at the end of March, shows that concern about geopolitical risk was at its highest level […]
Ports across the UK and mainland Europe are becoming increasingly congested as the US-China trade war forces hundreds of vessels to divert or stall, causing widespread disruption in global shipping routes. The turmoil follows President Donald Trump’s decision to impose a 145 per cent tariff on Chinese imports, prompting a swift retaliation from Beijing with […]
British sports car manufacturer Lotus is set to cut up to 270 jobs in the UK, citing “volatile and evolving market conditions”, including the impact of new US tariffs on its vehicles. The Norfolk-based company said the restructuring was “vital to enhance our competitiveness” and ensure long-term sustainability. The cuts will affect staff at its […]
Intense competition for apartments in Manhattan is keeping rents close to record highs, making luxury towers in Jersey City a potentially attractive option for both tenants and investors. Tishman Speyer is already constructing the first phase of its waterfront apartment project, at 55 Hudson St. That 58-story building, with 1,017 units, is expected to open […]
Parliament is to be recalled this Saturday for an emergency debate on the future of British Steel’s Scunthorpe plant, as the government considers taking control of the business to safeguard jobs and the UK’s industrial capacity. The unexpected move comes just days after MPs left Westminster for their Easter recess, with no plans to return […]
The price of gold soared to an all-time high on Friday, reaching $3,223.72 per ounce, as investors rushed to the safe-haven asset amid rising geopolitical tensions and a sharp escalation in the trade war between the US and China. China raised tariffs on American imports to 125% in retaliation for President Trump’s decision to increase […]
The UK economy recorded stronger-than-expected growth of 0.5% in February, offering a welcome boost to business confidence and easing immediate fears that President Trump’s global tariff policy would constrain British output. Figures released on Friday by the Office for National Statistics (ONS) showed broad-based expansion across services, production and construction. The result far outpaced economists’ […]