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. [...]
Trump’s attack on Big Law puts London lawyers into an awkward place March 20, 2025 US President Donald Trump has set his sights on a new target for his attacks: American lawyers and law firms. But this problem has shifted across the Atlantic
FTSE 100 and European markets steady ‘Trump Slump’ March 11, 2025 Calm briefly returned to global markets on Tuesday morning after an aggressive sell-off on Monday triggered by President Trump’s comments over the weekend. What investors had previously hoped to be a ‘Trump Bump’ turned into a ‘Trump Slump’ after the President’s failure to dismiss recession fears spooked markets. The FTSE 100 was broadly flat Tuesday morning after [...]
Markets reeling after Trump sparks recession fears March 10, 2025 Global markets took a hit on Monday as analysts warned of a bleak economic outlook after President Donald Trump refused to dismiss recession fears. When asked whether the world’s largest economy was heading toward recession, Trump responded that a “period of transition” was taking place. “I hate to predict things like that. There is a [...]
Minerals deal: Zelensky meets Trump in bid for US backing against Russia February 28, 2025 Ukrainian President Volodymyr Zelensky is meeting Donald Trump at a pivotal moment for his country, as he tries to persuade the White House to provide some form of US backing for Ukraine’s security against any future Russian aggression. Zelensky made a thumb’s up sign but did not speak to reporters as he arrived at the [...]
Starmer under US pressure to reject Chinese “super-embassy” in London February 27, 2025 Two senior figures in US-China relations in Congress have called on Lord Mandelson to block the development of a huge 700,000 square foot Chinese ‘super-embassy’ in the heart of London – in a fresh diplomatic headache for Sir Keir Starmer ahead of his crucial meeting with President Trump. Reps John Moolenaar and Chris Smith, in [...]
Donald Trump announces 25 per cent tariffs on EU imports February 26, 2025 Donald Trump has announced he plans to slap 25 per cent tariffs on imports from the European Union (EU) into the US. The US President slammed the European trading bloc, claiming it was set up to “screw” America, and had “done a good job of it but now I am President”. His comments came as [...]