President Donald Trump has announced a new trade deal between the United States and the United Kingdom, marking what he described as a “historic day” for the transatlantic alliance. The agreement, unveiled on the 80th anniversary of VE Day, is the first major trade accord since the president introduced sweeping tariffs on dozens of trading […]
Nearly 300,000 people filed their Self Assessment tax returns in the first week of the new tax year — the highest number ever recorded during the opening week of filing, according to HM Revenue and Customs (HMRC). The figures show that 299,419 returns were submitted between 6 and 12 April, almost 10 months ahead of […]
Amazon has announced a major breakthrough in warehouse automation with the launch of Vulcan, a new robot equipped with a sense of touch, capable of handling around 75% of items in the company’s vast fulfilment network. Unveiled at the retailer’s “Delivering the Future” event in Dortmund, Germany, Vulcan represents what Amazon calls a “fundamental leap […]
Novo Nordisk has slashed its full-year revenue and profit forecasts for the first time since launching its blockbuster weight-loss drug Wegovy, as unauthorised compounded versions of its GLP-1 drugs eat into sales — particularly in the United States, its largest market. The Danish drugmaker, which also markets Ozempic for diabetes, now expects sales growth of […]
UK investors pulled a staggering £1.2 billion from fixed income funds in April, the fastest pace of bond outflows since the early pandemic panic of April 2020, according to new data from global funds network Calastone. The sell-off came as President Trump’s April 2 “Liberation Day” tariff announcement sparked global market volatility and raised fears […]
A majority of British companies say that rising and unstable energy costs are undermining their growth plans, with firms warning that soaring electricity prices are threatening profitability, competitiveness, and the UK’s industrial future. According to a new EY survey, three in five UK businesses reported that high energy prices are hampering their ability to expand. […]
UK consumer confidence has dropped to its lowest level since the peak of the cost of living crisis in December 2022, as households feel the strain of Donald Trump’s new tariffs, the ongoing war in Ukraine, and a raft of domestic tax and price increases, according to new data from Which?. The consumer group’s latest […]
Shares in major US streaming platforms and film studios fell sharply on Monday following President Trump’s surprise announcement that he plans to introduce 100% tariffs on films produced abroad, reigniting concerns over the disruptive reach of his trade policies. Netflix shares slid 1.7%, Amazon was down 1.5%, and both Warner Bros Discovery and Paramount Global […]
Ministers will hold a high-level meeting with leading bank executives on Tuesday as pressure mounts on lenders to improve access to credit for small businesses, amid growing fears that the UK’s economic recovery could be held back by underinvestment in the SME sector. Senior figures from HSBC, NatWest and Lloyds will attend the talks to […]
The US economy shrank by 0.3% in the first quarter of 2025, marking its first contraction in over two years, as businesses rushed to import goods ahead of President Trump’s sweeping tariff plans, triggering record trade imbalances and unsettling financial markets. The latest data from the US Bureau of Economic Analysis (BEA) shows the economy […]