China has launched a scathing attack on British politicians, accusing them of “arrogance, ignorance and a twisted mindset” over criticism of British Steel’s Chinese owner, Jingye, and the firm’s recent threat to shut down its Scunthorpe blast furnaces. In a strongly worded statement published on Wednesday, Beijing’s embassy in London condemned what it described as […]
Google is facing a landmark £5 billion legal challenge in the UK, accused of abusing its dominance in internet search to stifle competition and inflate the cost of advertising for businesses. The class action lawsuit, filed on Tuesday at the Competition Appeal Tribunal, alleges that Google unlawfully shut out rival search engines and leveraged its […]
China’s economy grew faster than expected in the first quarter of the year, with a 5.4 per cent expansion driven by robust industrial output and domestic consumption — a performance that economists warn may prove short-lived as US tariffs begin to bite. The stronger-than-forecast GDP figures, released by Beijing on Tuesday, showed that the world’s […]
UK inflation fell more sharply than expected in March, reaching its lowest level in five months as falling petrol prices and flat food costs helped to ease the pressure on consumers and policymakers. Figures published by the Office for National Statistics (ONS) show that the annual rate of inflation fell to 2.6%, down from 2.8% […]
UK business confidence has fallen to its lowest level in over two years, according to new data from the Institute of Chartered Accountants in England and Wales (ICAEW), as rising tax pressures and escalating global trade tensions take their toll on corporate sentiment. In its latest quarterly survey of 1,000 chartered accountants, the ICAEW reported […]
Shares in major car manufacturers around the world surged on Monday after President Trump signalled that he may offer temporary exemptions to the steep new tariffs imposed on imported vehicles and parts. Speaking to reporters, Trump said he was “looking at something to help car companies”, noting that manufacturers needed “a little bit of time” […]
Britain’s leading retailers are calling on the government to urgently review import tax rules that allow ultra-cheap goods from Chinese e-commerce giants such as Shein and Temu to enter the UK duty-free—warning that the country could face a surge in low-cost imports rerouted from the US following the introduction of sweeping tariffs by President Trump. […]
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, […]