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      As it happened: Ministers resign as gilt yields at 28-year high

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      Music and wine is the ultimate pairing- where to enjoy it this summer

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european union

  • European carmakers slam on the brakes after Trump tariff shock

    Motoring

    Volkswagen reveals €4bn hit even before Washington threats to tear up the Turnberry Deal’s pledge on car import tax Shares in European carmakers were stuck in reverse on Monday, after the sector became the latest to be caught up in threats into the weekend from US President Donald Trump. The White House announced fresh plans [...]

    Porsche expects to report a profit margin of between 6.5 to 8.5 per cent in 2025, down from prior guidance of 10 to 12 per cent.
  • UK to join EU Ukraine loan talks in defence push

    Politics

    The UK is set to begin negotiations to join the European Union’s €90bn (£78bn) loan scheme for Ukraine, as Keir Starmer steps up efforts to deepen defence cooperation with European allies. Speaking ahead of a summit of the European Political Community (EPC) in Yerevan, Armenia, the prime minister is expected to signal Britain’s intention to [...]

    Keir Starmer stands with a British flag, highlighting political leadership and national pride in a business news context.
  • Aer Lingus slashes Summer schedule as Hormuz blockade bites

    Travel

    Irish commercial darling Aer Lingus has cancelled hundreds of flights from its summer schedule amid growing jet fuel fears stemming from the blockade at the Strait of Hormuz. The airline is axing scheduled transatlantic, European, and local flights on various days over the coming weeks, according to the Irish Independent. Services set to be affected [...]

    Aer Lingus aircraft on runway at sunrise, highlighting airlines operations and fleet in vibrant morning hues.
  • City of London urges action on Swiss border as EES holds up business travellers

    April 17, 2026

    City of London officials are pressing Switzerland to allow UK travellers to use automated passport gates to end the long airport queues that have become a regular gripe for business travellers. The new EU Entry/Exit System (EES), which covers the Schengen area, rolled out last week, and it has resulted in lengthy queues at airports [...]

  • UK rejoins Erasmus: British students to study across Europe from 2027

    April 16, 2026

    Six years after Brexit, British students will soon be able to study and work across Europe again, as the UK formally re-joins the Erasmus programme. The legal text, signed in Brussels on Wednesday, is intended to bring the UK back into the programme in 2027 after the UK pulled out of in December 2020 as [...]

  • New EU entry system hits Brits — But what are your rights?

    April 14, 2026

    Days into the European Union’s new Entry/Exit System (EES), British passengers are facing severe delays, resulting in missed flights, but with the Summer season around the corner, warnings that trying to pass the border may become more costly. The new EES obliges non-European Union nationals, including Britons, who enter the Schengen free travel zone to [...]

  • Hungarian stocks surge as Peter Magyar topples Viktor Orban from power

    April 13, 2026

    Hungarian-listed stocks hit records high in early trading after Prime Minister Viktor Orban was toppled from 16 years in power following a sweeping election defeat. Budapest’s BUX jumped 3.3 per cent upon market open, before settling at a 2.7 per cent gain, trading at 136,481 points, a fresh record high for the index. Gains were [...]

  • Starmer moots closer ties with EU amid Trump row

    April 1, 2026

    Sir Keir Starmer has mooted building closer ties on various sectors of the economy with the European Union after President Trump suggested he was considering pulling the US out of Nato.  In a press conference on Wednesday, Starmer billed strengthening ties with the EU at an upcoming summit as part of a wider push to [...]

  • Ministers must ‘trade more’ in face of Iran war

    March 25, 2026

    The government must keep the option of an energy bailout for businesses on the table if oil prices continue to spike, the British Chambers of Commerce boss will say in a speech urging ministers to “trade more, not less” in the face of the Iran war. Shevaun Haviland will warn of the “profound” impact that [...]

  • Peter Kyle hints at push for EU customs union return

    March 25, 2026

    Business and trade secretary Peter Kyle suggested joining the EU’s customs union could improve the UK’s economic prospects, with new data suggesting that trade flows in London boomed last year.  After being asked twice whether war in the Middle East provided a stronger case for the UK to join the customs union, Kyle refused to [...]

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