Reeves pledges to defend UK interests ahead of IMF meetings in Washington April 22, 2025 Chancellor Rachel Reeves has pledged to “defend Britain’s interests” as she prepares to meet fellow finance ministers in Washington and push for a US trade deal. Reeves will spend three days in the US capital for the International Monetary Fund (IMF)’s spring meetings of finance ministers and business leaders from across the G7 and G20. [...]
Rolls-Royce: FTSE 100 giant worth £60bn after shares rebound April 22, 2025 Rolls-Royce is worth £60bn again after shares in the FTSE 100 giant continued their recovery after President Donald Trump’s tariffs shocked global markets. Shares in the Derby-headquartered group have now risen to more than 700p, giving it a market capitalisation of more than £60.5bn. Rolls-Royce’s shares had been trading at more than 800p before Trump’s [...]
‘Appeasement cannot bring peace’: China warns nations not to bow to Trump trade demands April 21, 2025 China has warned nations not to bow to President Donald Trump in trade negotiations and promised to fire back if deals come at its expense as the country hits back at tariffs imposed by the US. The fresh comments follow reports from the Wall Street Journal that the US would use discussions with key trading [...]
Ukraine and Russia agree to prisoner swap as Putin announces ceasefire April 19, 2025 Russia and Ukraine said on Saturday they had swapped hundreds of prisoners in the largest exchange since the Russian full-scale invasion started over three years ago. Russia’s ministry of defence said that 246 Russian service members were returned from territory controlled by Kyiv and that, “as a gesture of goodwill”, 31 wounded Ukrainian prisoners of [...]
Dollar movements spark ‘Trussonomics’ fears with worst case scenario ‘no longer unthinkable’ April 16, 2025 The dollar’s worst case scenario is “no longer unthinkable,” economists have warned, as some draw parallels with the crisis in UK financial markets during the Liz Truss premiership. Alongside plummeting stocks and falling bond prices, the US currency has weakened in the wake of Trump’s erratic tariff agenda, with growing concerns that its status as [...]
Asos and Boohoo stick to US closures despite Trump tariffs April 8, 2025 Asos is to continue with its plan to close its distribution centre in Georgia, USA, and serve the country from Yorkshire despite the imposition of President Donald Trump’s tariffs. At the start of the year, the fast-fashion group announced plans to close its US base in another effort to boost profitability and streamline operations. The [...]
FTSE 100: Rolls-Royce shares rebound after losing over £10bn in value April 8, 2025 Shares in Rolls-Royce have started to rebound after losing more than £10bn in value since President Donald Trump’s tariffs were announced. The Derby-headquartered group’s shares had been trading at an all-time high of 812p in the middle of March before plummeting to 635p on Monday. They have now started to rebound and are trading at [...]
Lush to pass tariffs onto US shoppers as it sinks further into the red April 8, 2025 Lush has revealed plans to open a UK hotel as it detailed its response to President Donald Trump’s tariffs amid the ethical cosmetics retailer sinking further into the red. The Dorset-headquartered company has included scant detail in its annual accounts about its plans for a new hotel but did say it is working with a [...]
Bitcoin plummets as chaos of Trump’s tariffs spread to crypto April 7, 2025 The chaos of Trump's tariffs has spread across Bitcoin and the cryptocurrency market, with digital assets taking a hit.
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 [...]