Trump to raise tariffs on South Korea to 25 per cent January 27, 2026 US President Donald Trump has said he will increase tariffs on South Korea to 25 per cent, after accusing Seoul of “not living up” to the trade deal reached late last year. In a Truth Social post on Monday, Trump said the increase would apply to a range of products including lumber, automobiles, pharmaceuticals and [...]
Profit warnings citing global upheaval hit ‘record high’ January 27, 2026 The proportion of profit warnings issued by UK-listed companies where bosses complain about policy uncertainty and geopolitics reached a record high last year, fresh analysis has shown. New data by EY has shown that 240 firms warned investors that profits would fall short of market expectations. Though this was the lowest figure since 2021 – [...]
Donald Trump ushers in 2026 with series of white-collar pardons January 26, 2026 US President Donald Trump has pardoned or reduced the sentences of 10 people convicted of fraud and other white-collar crimes over the past 10 days. Out of the 21 clemency grants Trump has issued since 15 January, 10 were for people convicted of fraud and white-collar crimes, according to the Financial Times. This follows his [...]
Gold hits new record high amid fresh Trump turmoil January 26, 2026 The price of gold jumped above $5,000 on Monday, as investors once again scrambled to get their hands on the safe haven asset amid heightened Trump tariff turmoil and policy changes. The precious metal surged to $5,078 (£3,716) per ounce, extending its record rally, before reaching $5,097.24 on Monday morning. Silver also hurtled past $100 [...]
Farage’s revenge on the banks proves he is more Trump than Thatcher January 26, 2026 Nigel Farage's promise to tax banks more shows his Trumpian revenge coming out to play, writes Eliot Wilson.
Trump threatens 100 per cent tariffs on Canada over China deal January 24, 2026 US president Donald Trump has threatened to impose a 100 per cent tariff on goods imported from Canada if America’s northern neighbour goes ahead with its trade deal with China. Trump said in a social media post that if Canadian prime minister Mark Carney “thinks he is going to make Canada a ‘Drop Off Port’ [...]
TikTok no longer in limbo as it seals US deal January 24, 2026 After half a decade of geopolitical brinkmanship, court battles and executive orders, TikTok has finally secured its future in the US. The short-form video platform confirmed on Thursday that it has closed a deal allowing it to continue operating across the pond, bringing an end to years of uncertainty that began during Donald Trump’s first [...]
UK police rap Fifa chief Infantino for Davos joke about British fans’ arrests January 23, 2026 UK police chiefs have hit back at Fifa president Gianni Infantino for mocking England, Wales, Scotland and Ireland fans’ behaviour at World Cups. Infantino used an appearance in Davos this week to quip that “for the first time in history, no Brit was arrested during a World Cup” at the Qatar 2022 tournament, calling the [...]
Donald Trump hits JP Morgan and Jamie Dimon with $5bn lawsuit January 23, 2026 President Donald Trump has JP Morgan and its top boss, Jamie Dimon, in a $5bn (£3.7bn) lawsuit following claims the banking giant debanked him for political reasons. Earlier this month, Trump blasted America’s biggest bank for “incorrect and inappropriately” discriminating against him after the President alleged JP Morgan stopped offering him services after the Capitol riots [...]
FTSE 100 Live: Babcock boss exits; Retail sales fall in golden quarter January 23, 2026 Good morning and welcome back to the City AM liveblog. Today is the final day of the World Economic Forum in Davos and what a ride it has been for capital markets. The FTSE 100 started Monday’s trading session at a cool 10,235.31 before shedding some points as Trump turned up pressure on his tariff [...]