High energy prices make the UK ‘vulnerable’ US ambassador warns November 5, 2025 The US ambassador to the UK has warned Britain’s sky-high energy prices threaten to undermine its status as a major global economy. Speaking at an event at the Savoy Hotel on Wednesday, Warren Stephens described UK energy prices, which are among the highest in the world, as the “chief obstacle” to growth. “Energy costs in [...]
JP Morgan set to loosen crypto rules allowing Bitcoin as collateral October 24, 2025 JP Morgan is set to shake up its crypto rules with plans to allow institutional clients to use Bitcoin and Ether holdings as lending collateral. The new scheme will work with a third party to safeguard the crypto assets and follows the banking giant’s delving deeper into the world of digital assets. The US lender [...]
Autumn Budget: JCB boss calls on Reeves not to do anything ‘daft’ October 22, 2025 The chief executive of JCB has called on Chancellor Rachel Reeves not to do anything “daft” in her Autumn Budget which would deter inward investment. Graeme Macdonald, who leads the Staffordshire-headquartered manufacturing giant under chairman Lord Anthony Bamford, said he’s “not optimistic” about the Budget next month, adding that Reeves is “definitely” going to raise [...]
Protectionism is economic cowardice. Britain must not fall into Trump’s trap October 17, 2025 Brexit is our new reality, but we must harness it to expand global trade, not retreat inwards like Trump, says Geoffrey de Mowbray.
Wall Street banks toast to $130bn revenue in deal making boom October 15, 2025 Wall Street banks raked in bumper profits, comfortably breezing past analyst expectations in the third quarter, driven by the continued strength of trading desks and a sharp revival in deal making. JP Morgan, Goldman Sachs and Citigroup brushed past estimates on Tuesday, with Jamie Dimon’s banking juggernaut collecting $14.4bn (£10.8bn) in profit – a 12 [...]
Trump threatens to pull Olympics from LA and World Cup from Boston October 15, 2025 President Donald Trump has threatened to move the 2028 Olympic Games away from LA, and has warned 2026 Fifa World Cup matches in Boston could be shifted out of state. The remarks, made by the President in the White House, follow threats by the real estate tycoon to move World Cup matches away from San [...]
US-China tensions heat up as Trump threatens to block cooking oil imports October 15, 2025 Donald Trump has threatened to cut off all imports of cooking oil from China, in another escalation of the war of words over trade between the world’s two largest economies. Trump said in a post on his Truth Social platform that the latest trade tussle with China over soybeans represents “an Economically Hostile Act”. He [...]
Trump’s treasury secretary Scott Bessent lashes out at ‘weak’ China October 14, 2025 Markets have wobbled amid attacks by Scott Bessent on China’s trade policy, after Beijing unveiled sweeping controls on rare earth materials and critical minerals. The US treasury secretary told the Financial Times: “This is a sign of how weak their economy is, and they want to pull everybody else down with them.” He said: “Maybe [...]
JP Morgan bulks up financial cushion as Dimon warns of uncertainty October 14, 2025 JP Morgan has bulked up its financial cushion against loan losses as chair Jamie Dimon warns of heightened risk and global uncertainty. The lender set aside an additional $810m (£610.2m) to cover potential losses from unpaid loans. This defensive money consisted of $608m earmarked for consumer loans – such as credit cards and mortgages – [...]
Recession fears spike after Trump threatens new China tariffs October 11, 2025 President Donald Trump has said he will slap an additional 100 per cent tax on Chinese imports by 1 November or sooner spiking recession fears after global markets tumbled. Taking to his Truth Social platform, Trump cited the export controls placed on rare earths by China as the reason for the fresh levy. The President [...]