FTSE 100 Live: Trump to rock davos; Stocks dip after inflation Markets Good morning and welcome back to the City AM liveblog. Inflation spiked above expectations this morning, coming in at 3.4 per cent, according to fresh figures from the Office for National Statistics (ONS). This soared above a poll of economists by Bloomberg expecting 3.3 per cent. “Inflation ticked up a little in December, driven partly [...]
Trump tariffs: EU ‘has tools at disposal’ to hit back amid Greenland spat Markets The European Union has pledged it has the “tools” to hit back at the US after President Trump’s latest trade offensive amid the deepening Greenland crisis. In a daily briefing the European Commission’s deputy chief spokesperson and trade lead, Olof Gill, said “should the threatened tariffs be imposed, the European Union has tools at its disposal [...]
EU banking rules could ‘choke investment’ from booming City Banking The European Union threatens derailing its economic growth through changes to banking regulation after London beefed up its lending capacity following a Brexit boom. The 27-state bloc is set to bring in new legislation which will effectively ban non-EU banks from providing core banking services – such as lending and taking deposits – without establishing [...]
Is Brexit Britain a winner of the EU and US trade tie-up? July 28, 2025 Brexit Britain is set to have curbed another President Donald Trump trade offensive after the US and EU inked a deal which economists dubbed a White House win and European retreat. The deal, announced late Sunday night, will see the original US-imposed tariffs of 30 per cent on the EU slashed to 15 per cent. [...]
Buy UK: City stocks set for boost from Trump’s trade war with EU July 14, 2025 As the chaos around President Donald Trump’s erratic tariff agenda shows no sign of abating, brokers have thrown their weight behind UK stocks. Just this weekend, Trump threatened escalations with Mexico and the EU before slapping a 30 per cent levy on the 27-state bloc from August 1. But among the geopolitical noise, the UK [...]
Global markets hold breath as Trump draws out EU trade talks May 26, 2025 Donald Trump has global investor sentiment hanging on his every word once again, as European markets rallied on Monday after the President retreated on his latest tariff tirade against the European Union. Trump agreed to extend his trade talks deadline with the EU by over a month, which comes after he threatened to slap a [...]
EU pauses counter-tariffs after Trump backs down April 10, 2025 President of the European Commission Ursula von der Leyen has said the European Union will pause their reciprocal tariffs against the US, but warned it will hit back if trade negotiations fail. In a post on X, von der Leyen said: “We want to give negotiations a chance… “If negotiations are not satisfactory, our countermeasures [...]
Why Google faces millions in fines from global regulators September 24, 2024 Google is up against the growing wrath of regulators worldwide, as it faces the possibility of millions in fines for alleged anti-competitive practices. According to Bloomberg, the EU is preparing to investigate Google’s conduct in the digital marketplace, including whether it preferences its own services, such as Google Flights and Google Hotels, in search results. [...]
Ireland must recover £11bn in taxes from Apple, EU court rules September 10, 2024 Ireland is required to recover more than 13bn euros (£11bn) in back taxes from Apple, following a decision of Europe’s top court. The European Court of Justice (CJEU) decision restores a 2016 European Commission ruling that Ireland gave undue tax benefits to Apple, which would be illegal under EU state aid rules. Ireland and Apple, [...]
Airport liquid rule: Why UK and European airports are keeping the 100ml limit September 2, 2024 European airports are bringing back back into force the 100ml liquid limit due to a "temporary technical issue" with newly installed security scanners.