Trump made £260m from golf in 2024, US filings show June 19, 2025 President Donald Trump’s global business empire saw him make £260m from golf in 2024, according to his most recent filings. The latest documents, filed with the US Office of Government Ethics, cover the last year and show that the US leader earned a total of $600m across 2024. Trump’s golf properties range from the highly [...]
Is Trump going to save TikTok… again? June 19, 2025 TikTok’s future in the US is once again in limbo – but this time, fewer in both Wall Street and Washington are taking the threat seriously. In a move that surprised few but frustrated many, President Donald Trump is reportedly preparing to delay a divest-or-ban deadline for the third time in the last six months, [...]
TACO investors: Don’t bet too much on Trump-always-chickens-out trade June 18, 2025 Investors betting on Trump climbing down may be too optimistic, writes Hargreaves Lansdown's Susannah Streeter in today's Notebook.
Dollar weakens as ‘confidence in US assets continues to erode’ June 17, 2025 The US dollar’s traditional safe-haven status has continued to take a bruising, as investors shun the currency amid rising global tensions. The dollar index (DXY) – which tracks the dollar’s value against a basket of currencies – has tumbled to around 98, compared to nearly 110 at the beginning of the year, as the currency [...]
UK aerospace sector to avoid tariffs as Trump-Starmer trade deal clinched June 17, 2025 Prime Minister Keir Starmer and President Donald Trump met on the sidelines of the G7 summit to agree a trade deal that will remove tariffs on the UK aerospace sector and save carmakers from facing aggressive taxes on exports. The pair of world leaders heaped praise on one another while the UK government said the [...]
Just how much trouble is Elon Musk causing Tesla? June 17, 2025 Tesla’s enigmatic chief executive, Elon Musk, gets a lot of flak, but if there’s one area you would think he’d be untouchable, it’s innovation. Beyond falling out with the US President and colonising Mars, Elon Musk’s next favourite pastime looks set to be robotaxis, with Tesla preparing to launch its first fleet in Austin, Texas, [...]
Trump’s ‘Big Beautiful Bill’ is bad news for Britain June 17, 2025 A hidden clause in Trump’s latest bill could slap UK investors with steep new taxes, threatening transatlantic capital flows and global economic cooperation, says Matthew Bowles United States President Donald Trump’s latest legislative behemoth has sent shockwaves through Washington. Dubbed “a disgusting abomination” by Elon Musk and greeted with scepticism by Republican Kentucky Senator, Rand [...]
Happy birthday Adam Smith, your ideas are still fresh at 302 June 16, 2025 On the 302nd anniversary of Adam Smith’s baptism, his enduring insights into free trade and the folly of protectionism remain a powerful rebuttal to today’s rising economic nationalism, says Eliot Wilson Three hundred and two years ago today, in 1723, in the Old Kirk in Kirkcaldy, a baby was baptised. His precise date of birth [...]
UK manufacturers look East as production hopes rise June 16, 2025 UK manufacturers are ditching President Trump’s United States and looking to find trading partners in Asia and the Middle East, according to a leading industry body. The US has fallen out of the top three preferred regions as a growth market for UK manufacturers, the first time since surveys started eleven years ago, Make UK [...]
What does 10 years of Trump mean for the West? June 16, 2025 It’s a decade since Donald Trump announced his intention to run for President but it’s still no clearer what he stands for or why he does anything he does, says Eliot Wilson Ten years ago today, property entrepreneur and reality television star Donald Trump descended a golden escalator in his palace of vulgarity, Trump Tower, [...]