Trade wars turn demand for global tax advisers in £50bn market Prof Services The global tax advisory growth rate for 2025 is expected to nearly double last year’s rate, driven largely by the policies of the US President Trump’s administration, including trade wars and tariffs. According to a new report by research-led advisory firm Source Global Research, the market value for tax advisory services is forecasted to reach [...]
Ineos blasts ‘industrial self harm’ as firm battles Brussels over dumping Industrials Ineos has accused Brussels of “industrial self harm” as the company fights back against what it described as “dumping” of imports to Europe from Asia. The chemicals company, controlled by billionaire Sir Jim Ratcliffe, today confirmed that it has filed or is in the process of filing ten major anti-dumping cases with the European Commission, [...]
Nvidia hits historic $5tn market cap Tech AI and chips behemoth Nvidia has smashed another record valuation, with its $5tn market cap that puts it well clear of the GDP of Germany – the fourth biggest economy in the world. Shares in Nvidia jumped up 3.5 per cent in premarket trading, amid a surge in investor enthusiasm for AI. Nvidia’s surge followed [...]
China fires back at Trump’s 100% tariff threat as markets jitter October 12, 2025 Just a day after president Donald Trump sent global markets reeling with his promise of a fresh 100 per cent tariff on Chinese imports, Beijing has struck back, accusing the US of “double standards” and warning that it could introduce its own countermeasures. A spokesperson for China’s Commerce Ministry said Washington’s threat to punish Beijing [...]
Trump threatens 100 per cent tariff on UK films to ‘protect Hollywood’ September 29, 2025 President Donald Trump has renewed his threat to impose a 100 per cent tariff on “any and all” films produced outside the USA, a move that has sparked concern across the British film industry. In a post on Truth Social on Monday, Trump criticised foreign movie production as “stealing candy from a baby”, and accused [...]
Global markets take a tumble as Trump pushes on with his trade war August 1, 2025 Global stocks weakened on Friday morning after US President Donald Trump hit multiple countries with a blitz of tariffs. Trump’s ambition to restructure the global trading order in his administration’s favour has sent jitters through markets on his set negotiation deadline day. The FTSE 100 is down 0.7 per cent, with UK drug maker Astrazeneca [...]
Anglo American: Revenue takes hit amid Trump tariff turmoil July 31, 2025 Anglo American’s revenue has taken a hit as tariff turmoil dented trading levels for the mining company. The FTSE 100 giant is taking a greater focus on copper but it has not escaped the threat of President Donald Trump’s threats on all commodities including the red metal. Late on Wednesday, the US president said he [...]
Pound edges closer to multi-year high against dollar amid erratic US tax policy June 2, 2025 The pound has edged closer to a multi-year high against the dollar as investors doubled down on predictions that the greenback would continue to weaken into the second half of the year. Sterling was up around 0.6 per cent against the dollar by Monday evening to $1.3523, a rise of more than 8 per cent [...]
Allianz investment boss: US in ‘sentiment recession’ May 15, 2025 The US is currently going through a “sentiment recession,” as economic indicators fail to match the increasingly sour outlook from American consumers and businesses, a boss at Allianz’s investment arm has argued. Hard economic data in the country has so far managed to hold up despite significant uncertainty, as companies frontloaded buying inventory in advance [...]
HSBC and Standard Charted shares surge as trade war cools May 12, 2025 Shares in banking giants HSBC and Standard Chartered surged on Monday morning as the trade tensions between the US and China appeared to cool. HSBC jumped nearly four per cent, taking its gains for the month to over 14 per cent. Standard Chartered soared over seven per cent, with monthly gains topping 17 per cent. [...]