JP Morgan chief issues recession and stagflation warning over Trump tariffs April 7, 2025 JP Morgan chairman and chief executive Jamie Dimon has warned that severe curbs on trade imposed by President Donald Trump could lead the US economy towards recession and stagflation. Dimon made the comments ahead of the multinational investment bank’s financial results, reporting revenue of $180.6bn and net income of $58.5bn in 2024. He credited the [...]
HSBC and Standard Chartered shares sink as ‘outsized’ Asian tariffs bite April 7, 2025 Shares in banking giants HSBC and Standard Chartered have taken a significant hit as the global trade war ramps up. HSBC was down nearly three per cent in early trading on Monday. The lender’s losses in the last five days have now topped 15 per cent. Meanwhile, Standard Chartered plunged nearly four per cent, with [...]
Jaguar Land Rover: Donald Trump’s tariffs threaten US growth April 7, 2025 The scale of the impact of Donald Trump’s tariffs facing Jaguar Land Rover has been revealed as the luxury car maker outlined how many vehicles it exported to the US in the first three months of 2025. The Coventry-headquartered automotive giant saw wholesale volumes in its fourth quarter rise by 14.4 per cent in North [...]
Nissan: Qashqai maker in the red despite sales accelerating by over £2bn April 4, 2025 The UK arm of Japanese carmaking giant Nissan fell into the red despite its sales surging by more than £2bn, it has been revealed. Based out of its Sunderland factory, Nissan’s UK arm has reported a pre-tax loss of £67.2m for the 12 months to 31 March, 2024, new accounts filed with Companies House show. [...]
LIV: Trump, Yasir Al-Rumayyan and Tiger Woods meet in White House February 21, 2025 President Trump, Public Investment Fund governor Yasir Al-Rumayyan and PGA Tour commissioner Jay Monahan met at the White House on Thursday with a new deal with LIV Golf edging closer. The PGA Tour, DP World Tour and LIV Golf have been in discussions surrounding a potential mega-merger which would unite golf as one global sports [...]
Who’d be ambassador to President Trump? September 9, 2024 Peter Mandelson and David Miliband are rumoured to be in the frame for British ambassador to Washington, but only if Kamala Harris wins. That’s a mistake. A Trump victory would demand a diplomatic heavyweight, says Eliot Wilson By the beginning of next year, Dame Karen Pierce will have served as British ambassador to the United [...]