The Isle of Man Government has announced the 15 finalists for its Innovation Challenge 2025, spotlighting cutting-edge solutions from a global cohort of tech entrepreneurs working across Fintech, Cleantech, and Data & AI. Now in its latest iteration, the Challenge attracted over 100 entries from around the world, including submissions from India, Brazil, South Africa […]
Gold prices surged to a record high this week, capping the strongest quarterly rally in nearly three decades, as investors seek protection from mounting global economic uncertainty fuelled by President Trump’s aggressive US trade tariffs. On Tuesday, the precious metal climbed another 1.2 per cent to $3,120.20 per ounce, setting a new all-time high. Gold […]
German manufacturers and alcohol producers could benefit from closer trade ties with the UK in the wake of President Donald Trump’s sweeping new US tariffs, according to leading audit, tax and advisory firm Blick Rothenberg. The so-called ‘Liberation Day’ tariffs, announced by the White House this week, impose significant levies on imports from 60 countries. […]
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 […]