Gold price surges to $3,300 as trust in US bonds collapses April 16, 2025 Gold prices have passed $3,300 for the first time in history as investors flee US government bonds, which were previously viewed as a safe haven. “It seems that fewer countries are trusting the US — and therefore US Treasuries as a ‘safe haven’ asset class,” explained analysts from Invesco. “This has resulted in greater buying [...]
Government scrambles to swerve Trump pharma tariffs April 16, 2025 A race against time is underway to shield the UK pharmaceutical sector from potentially swinging Trump tariffs on imported drugs. As it stands, there is an exemption for pharmaceuticals on the baseline 10 per cent tariffs for goods coming into the US. However, President Trump has warned that there will be tariffs on imported pharma [...]
China halts Boeing deliveries as trade war intensifies April 15, 2025 China has instructed its airlines to stop taking deliveries from Boeing, in the latest twist in the country’s fast-moving trade war with the US. Sources familiar with the matter told Bloomberg that officials had also requested Chinese carriers halt purchases of any aircraft-related equipment and parts from US companies. Donald Trump has imposed tariffs as [...]
UK resilience buoys Robert Walters amid global hiring slowdown April 15, 2025 Recruiter Robert Walters reported a tough first quarter of 2025, amid a global hiring slowdown and persistent economic uncertainty weighing heavily on recruitment activity. The group cited a combination of cautious employer sentiment, escalating trade tariffs, and shifting economic landscape as key factors disrupting the field. Despite the broader slowdown, the UK was the group’s [...]
Halfords: Sales jump but retailer warns tariffs could hit supply chain April 15, 2025 Motoring and cycling specialist Halfords has reported an uptick in sales but warned US President Donald Trump’s tariffs could push up costs across its supply chain. The retailer and services provider told markets this morning that sales grew 2.3 per cent in the year to March 28. Its share price rose more than 13 per [...]
How will Trump’s tariffs affect US earnings season? April 15, 2025 Trump's tariffs have thrown markets into chaos, but how will US earnings season be affected? Ian Whittaker lays it out in today's Notebook.
Chinese TikTokers spark debate on source of luxury goods as they fight tariffs April 14, 2025 A debate over the source of luxury goods has taken TikTok by storm after Chinese manufacturers jumped on the app to ‘lift the veil’ on luxury production. According to multiple hugely popular videos on the social networking site – notably a user called @senbags2 – luxury goods are made in China, then shipped to Italy [...]
Retail bosses warn of dumping from Chinese firms into Europe April 14, 2025 UK retail bosses have warned that Trump’s tariffs will cause low-quality goods to be dumped into Europe from China via distributor sites like Amazon. Unable to sell competitively in the US due to US President Donald Trump’s 104 per cent tariffs on goods from China, as well as his decision to end the de minimis [...]
How the US constitution allowed Trump to wreak havoc on the economy April 14, 2025 A trip through America's constitution - and an explanation of how it got us to Trump - teaches us to beware the pull of executive power, writes Harrison Griffiths.
Finance bosses predict sharpest hiring drop since 2020 after tariff uncertainty April 14, 2025 Finance bosses expect the sharpest decline in corporate hiring since the third quarter of 2020 as geopolitical risks escalate. A fresh report from Deloitte has showed signs of a waning job market with wage growth expect to slow from 3.6 per cent to three per cent. A net 14 per cent of chief financial officers [...]