FTSE 100 rebounds as Trump rules out taking Greenland by force January 21, 2026 Global markets bounced back into the green on Wednesday after President Donald Trump confirmed the US would not use military action to seize Greenland. In his address at the World Economic Forum in Davos, Trump said: “All the US is asking for is a place called Greenland”. “We never ask for anything and we never [...]
Starmer: I will not yield to Trump January 21, 2026 Keir Starmer said President Trump’s tirade against the Chagos Islands deal was to “pressure” him to change tune on Greenland, adding he would “engage constructively” with the US administration and other allies. During Prime Minister’s Questions, Starmer defiantly defended his position on upholding Greenland’s sovereignty, suggesting Trump’s unexpected attack on Chagos in a Truth Social [...]
FTSE 100 Live: Trump to rock davos; Stocks dip after inflation January 21, 2026 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 [...]
With not much else to offer, Reeves pitches ‘stable’ UK to Davos elite January 21, 2026 The Canadian PM and former governor of the Bank of England, Mark Carney, told an audience at Davos yesterday that “the old order is not coming back,” and that “there’s been a rupture in the world.” He said the structures we took for granted have been replaced by “a system of intensifying great power rivalry [...]
David Lammy’s plan to seize law firm interest sparks outrage January 20, 2026 Secretary of State for Justice David Lammy was accused of a “brazen attempt” to “confiscate law firms’ cash” after the government revealed plans to take the interest law firms earn on money sitting in their client accounts. Earlier this month, the Ministry of Justice opened a consultation on a proposal to introduce an Interest on [...]
Starmer to face legal action on Chinese embassy approval January 20, 2026 China’s new “mega” embassy near the City will face a legal challenge from campaigners and local residents despite receiving approval from Keir Starmer’s government after months of diplomatic wrangling and protests highlighting security concerns. Residents of the Royal Mint Court site, the location where China is planning to build its embassy, have confirmed they will [...]
High Court showdown over alleged ‘procedural irrationality’ in Gatwick runway £2.2bn approval January 20, 2026 The Secretary of State has been accused of reaching “inherently contradictory and irrational” conclusions by finding Gatwick’s second runway would have a “significant adverse effect” on the climate, the High Court heard this morning. The transport secretary, Heidi Alexander, greenlit plans for Gatwick Airport’s second runway, the Northern Runway, in September. This was “the largest [...]
FTSE 100 and Wall St sink as EU and Trump war of words heats up January 20, 2026 The war of words between the Trump administration and Europe ramped up on Tuesday as world leaders headed for a showdown in Davos whilst global markets sunk into the red. Ursula Von der Leyen, the president of the European Commission, said the tariffs imposed on European nations due to their staunch defence of Greenland’s sovereignty [...]
Trump blasts Starmer on Chagos deal in shock change of tune January 20, 2026 President Trump has attacked Keir Starmer for the UK’s giveaway of the Chagos Islands to Mauritius, even though he gave his blessing to the deal last year. In a new Truth Social post scolding the Prime Minister over the Chagos deal, which includes a shared US military base at Diego Garcia that will be leased [...]
Thousands more jobs lost as UK businesses hold off hiring January 20, 2026 Thousands more jobs have been lost across the UK, official data has shown, while wage growth also slowed down in further signs of a struggling labour market. The Office for National Statistics (ONS) has said that the number of employees on the payroll fell by 33,000 in November while an estimate for December said there [...]