Manufacturing edges towards year of decline amid ‘noticeable impact’ of tariffs May 1, 2025 UK manufacturing’s falling production levels show no signs of ending as the spectre of tariffs brings a “noticeable impact” on exporters’ sales, leading analysts have said. Firms have had to navigate through sticky inflation and high energy costs for the best part of three years as the UK’s weakened economy has failed to bounce back [...]
Trump’s first 100 days: From stock market carnage to electing Carney April 29, 2025 Tuesday marks President Trump’s second first 100 days. On 29 April 2017, pundits looked back at the opening of the then 45th President’s term as a period that had shaken presidential norms and perhaps lowered the tone. In comparison, these first three months have been an earthquake. Trump has shown himself willing to execute the [...]
Porsche: Trump tariffs and China troubles to slash sales and profit April 29, 2025 Porsche has cut its forecasts for 2025 amid fears over the impact of President Donald Trump’s tariffs on the global car industry. The luxury sports car maker expects to report a profit margin of between 6.5 to 8.5 per cent this year, down from prior guidance of 10 to 12 per cent. Revenue is also [...]
Mid-sized firms target new trade routes after tariff chaos April 27, 2025 A significant proportion of mid-sized businesses still expect to increase exports in the next year despite tariff uncertainty, according to a new survey. BDO’s survey of 500 mid-sized business found almost two in five, or 37 per cent, expect to increase exports over the next year. The findings also suggest business leaders have been planning [...]
Scandal after scandal: What is happening at PwC? April 24, 2025 Over the last few years, PwC has been involved in several scandals. It's now battling to prevent more from happening
Will the price of gold keep going up? April 22, 2025 The US-China trade war rumbles on. Investors are digging their trenches. The dollar is losing its force while the price of gold is going ballistic. A week ago, UBS made what some saw as a bold prediction that gold would reach $3,500 per ounce by December 2025. That milestone has already been hit. Scarred stockholders [...]
‘Appeasement cannot bring peace’: China warns nations not to bow to Trump trade demands April 21, 2025 China has warned nations not to bow to President Donald Trump in trade negotiations and promised to fire back if deals come at its expense as the country hits back at tariffs imposed by the US. The fresh comments follow reports from the Wall Street Journal that the US would use discussions with key trading [...]
Reeves: Cutting ties with China would be ‘foolish’ April 19, 2025 Chancellor Rachel Reeves has said it would be “foolish” to stop engaging with China. Reeves is due to hold talks with the US next week amid efforts to strike a trade deal, which the UK hopes can help soften the brunt of Donald Trump’s tariffs. There has been speculation that Washington may press the UK [...]
ECB cuts interest rates as Trump’s tariffs bring ‘exceptional uncertainty’ April 17, 2025 The European Central Bank (ECB) cut interest rates by a quarter point in what was the first decision from a major central bank since President Donald Trump announced sweeping tariffs in a historic speech earlier this month. The all-out global trade war, which has seen the likes of China retaliate with heavy tariffs on the [...]
Trump’s tariffs to tip world over into ‘recessionary phase’ April 16, 2025 A locking of horns between the US and China over tariffs could tip the world economy into recession as soon as this year, a closely-watched forecast has suggested, as businesses wrestle with the fallout of declining global trade volumes. Global growth is set to slow to 2.3 per cent this year, according to projections by [...]