Trump escalates trade war, suggests Canada becomes ‘51st State’ March 11, 2025 President Donald Trump has escalated his trade war with Canada, doubling tariffs on metals to 50 per cent and threatening to “substantially increase” levies on the automotive industry. In a post on his own Truth Social network, the US President threatened to “permanently shut down the automobile manufacturing business in Canada” if Canadian retaliatory tariffs [...]
Heathrow taps transatlantic demand in busy February March 11, 2025 Heathrow Airport said it had benefitted from a surge in transatlantic traffic as it served more than 5.7m passengers in February. The Hounslow hub said flights to and from the USA and Canada increased seven per cent year-on-year when adjusting for leap years. Its February total was also a record for the airport by that [...]
Mark Carney: From the Bank of England to Prime Minister of Canada March 10, 2025 Following his dramatic ascension as Prime Minister of Canada, Mark Carney will surely be tempted to call an election on a platform of taking the fight to Donald Trump. But if he wins, that’s where his problems will start, says Michael Martins For such a staid and sober place, Canadian politics has taken a radical [...]
Ex-Bank of England governor Mark Carney named next Canadian PM March 10, 2025 Former Bank of England governor Mark Carney has been named the next Canadian prime minister after winning his party leadership vote in a landslide. Carney won 85.9 per cent of the vote in the Liberal Party leadership contest and will succeed Justin Trudeau, who has been in office for nine years. He served as the [...]
WNBA: Serena Williams joins ownership group of basketball franchise March 4, 2025 Tennis superstar Serena Williams has joined the ownership group for a Women’s National Basketball Association (WNBA) expansion franchise. Toronto Tempo have welcomed the 43-year-old into their group alongside Larry Tanenbaum, who is the chairman of controllers Kilmer Sports Ventures and owns the likes of AS Saint-Étienne of Ligue 1. The WNBA has 13 teams but [...]
Canada and Mexico tariffs: No10 stresses ‘balanced’ trade relationship with US March 4, 2025 The UK has a “strong, fair, balanced and reciprocal trading relationship” with the United States, No10 has stressed, as US tariffs came into force against Canada and Mexico. President Trump’s tariffs on goods from Canada and Mexico took effect on Tuesday, with global markets put on edge and retaliations planned by the two countries – [...]
Canada wants to restart trade talks with UK, amid Trump tariffs row February 5, 2025 Canada wants to restart discussions on a free trade deal with the UK, amid a row with US President Donald Trump over tariffs. It comes as Trump put a pause on the 25 per cent tariffs he plans to impose on Canadian imports, after Canadian Prime Minister Justin Trudeau struck a deal over migration and [...]
China strikes back on Trump tariffs as Mexico and Canada get reprieve February 4, 2025 The response came just hours after Trump imposed 10 tariffs on all goods coming from China.
Trump’s tariffs reveal reality of Dealmaker-in-Chief February 4, 2025 Things happen quickly in Trump’s America. On Saturday, the US President announced sweeping tariffs on imports from China, Canada and Mexico, in a move that sparked panic among allies as far away as Japan and the EU. By yesterday afternoon, analysts were predicting that the Canadian and Mexican economies would be plunged into recession as [...]
Markets post modest recovery after Trump delays tariffs on Mexico February 3, 2025 Markets recovered some ground on Monday afternoon after last minute concessions persuaded Donald Trump to delay imposing tariffs on Mexico. But investors in many parts of the world were still left nursing heavy losses, having underestimated the risks around the President’s trade plans. Over the weekend, the US announced 25 per cent additional tariffs on [...]