The Open at Turnberry? Trump given fresh hope of hosting major April 22, 2025 The Open Championship organisers have raised hopes that Donald Trump’s Turnberry could come in from the cold and stage the golf major again. Turnberry has not staged the Open since five years before the current US president’s 2014 purchase of the Ayrshire resort, amid suspicions that it has been unofficially blackballed over the Trump connection. [...]
As FTSE 100 pharma firms wait for a tariffs decision, what would drugs levies mean for consumers? April 22, 2025 For FTSE 100 businesses navigating the shifting sands of Trump’s trade war, the uncertainty surrounding the tariffs has been almost as painful as the stock market shocks. The pharmaceutical industry has been left in a particularly agonising limbo: free, for now, from the 10 per cent baseline import tax, but the US President keeps making [...]
Rolls-Royce: FTSE 100 giant worth £60bn after shares rebound April 22, 2025 Rolls-Royce is worth £60bn again after shares in the FTSE 100 giant continued their recovery after President Donald Trump’s tariffs shocked global markets. Shares in the Derby-headquartered group have now risen to more than 700p, giving it a market capitalisation of more than £60.5bn. Rolls-Royce’s shares had been trading at more than 800p before Trump’s [...]
Ukraine and Russia agree to prisoner swap as Putin announces ceasefire April 19, 2025 Russia and Ukraine said on Saturday they had swapped hundreds of prisoners in the largest exchange since the Russian full-scale invasion started over three years ago. Russia’s ministry of defence said that 246 Russian service members were returned from territory controlled by Kyiv and that, “as a gesture of goodwill”, 31 wounded Ukrainian prisoners of [...]
Iran and US prepare for second round of talks over Tehran’s nuclear programme April 19, 2025 Iran and the US are preparing for a second round of negotiations over Tehran’s rapidly advancing nuclear programme. The talks in Rome over Easter weekend will again hinge on US billionaire Steve Witkoff, President Donald Trump’s Middle East envoy, and Iranian foreign minister Abbas Araghchi. That talks are even happening represents a historic moment, given [...]
Trump says US may ‘take a pass’ from Ukraine talks if they prove too difficult April 19, 2025 Donald Trump has said the US could “take a pass” on Ukraine peace talks if they become too difficult but added he thought there was a “good chance” of succeeding. Sir Keir Starmer discussed Ukraine with the US president in a phone call on Friday, Downing Street said, but did not give further details. Trump’s [...]
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 [...]
UK firms put the brakes on investment plans post tariffs, survey finds April 19, 2025 Three quarters of UK manufacturing and logistics firms are bracing for a hit from US tariffs, with many putting the brakes on investment plans in a blow to the Government’s growth ambitions, new data reveals. Larger businesses are more likely to be expecting a squeeze from new global trade policy, according to a survey carried [...]
Trump’s tariff madness is based on anti-capitalist zero-sum thinking April 18, 2025 What is the real reason behind Trump’s punitive tariffs? Two beliefs that have frequently wreaked havoc in the past, writes Rainer Zitelmann.
Will US Fed chair Jay Powell be fired by Trump? April 17, 2025 The fate of US Federal Reserve chair Jay Powell looks increasingly uncertain as the Trump administration ramps up pressure on the central back to cut rates faster. Powell has been resolute that he will not be influenced by Trump’s attempts to sway the Fed, instead sticking to its mission of bringing down any inflation that [...]