Swiss officials call for Fifa chief Infantino to soften Trump tariff blow August 7, 2025 Fifa president Gianni Infantino has been called upon by political figures in Switzerland to help persuade Donald Trump to lower tariffs on the landlocked nation. The US President has announced that Switzerland is in line to be slapped with 39 per cent tariffs as part of his sweeping economic policies that have seen countries rush [...]
Barclays follows HSBC in ditching net zero banks club August 1, 2025 Barclays has become the second London-based bank to exit the net zero banks club as the financial services industry continues to row back on climate policies. The FTSE 100 giant – which recorded a £1bn profit jump for the second quarter – said on Friday the UN-convened Net Zero Banking Alliance (NZBA) “no longer has [...]
HSBC shares sink as impairment charge triggers 29 per cent profit hit July 30, 2025 Europe’s biggest lender HSBC suffered a 29 per cent annual hit to profit in the second quarter of the year after a hefty impairment charge related to business in China. The FTSE 100 juggernaut posted a $6.3bn (£4.72bn) pre-tax profit, missing analyst expectations of $6.99bn. This came as the lender recorded a $2.1bn write-down for [...]
Trump’s AI push puts pressure on Starmer’s Action Plan July 29, 2025 Donald Trump has declared that the United States is going to “win the AI race”, leaving Britain to prove it can keep up. Speaking at the ‘winning AI race’ summit, the US president said: “America is the country that started the AI race. And as president of the United States, I’m here today to declare [...]
Stellantis: Vauxhall owner warns of £1.3bn tariff hit after EU-US deal July 29, 2025 Stellantis will have to shoulder a €1.5bn (£1.3bn) hit from President Donald Trump’s swingeing tariffs on cars this year despite the trade deal struck between the European Union and United States earlier this week. The automaker, whose stable of marques includes Vauxhall and Fiat, confirmed in a half-year update that it had already incurred levies [...]
Is Brexit Britain a winner of the EU and US trade tie-up? July 28, 2025 Brexit Britain is set to have curbed another President Donald Trump trade offensive after the US and EU inked a deal which economists dubbed a White House win and European retreat. The deal, announced late Sunday night, will see the original US-imposed tariffs of 30 per cent on the EU slashed to 15 per cent. [...]
European markets rally as Trump and EU ink trade deal July 28, 2025 Markets across Europe opened in the green on Monday morning after President Donald Trump sealed a trade deal with the EU after months of discussion. The Cac 40 in Paris was up over one per cent and Germany’s DAX and Amsterdam’s AEX nearly one per cent. In London, the FTSE 100 jumped over 0.4 per [...]
Trump secures ‘big win’ in EU trade deal after Brussels retreats July 28, 2025 President Donald Trump has achieved a “big win” after inking a trade agreement with the European Union following a months-long standoff between two of the world’s largest economic titans. The US President met with European Commission President Ursula von der Leyen in Scotland to continue trade discussions as part of his four-day private visit to [...]
Shell: FTSE 100 giant in line for profit hit after oil woes July 26, 2025 Shell is expected to report lower profits for recent months as the energy giant continues to battle oil price volatility and strives to return cash to its shareholders. The FTSE 100-listed company is predicted to report adjusted earnings of 3.74 billion US dollars (£2.78 billion) for the second quarter, when it publishes its latest figures [...]
IMF warns UK faces ‘significant challenges’ amid trade war July 25, 2025 The Chancellor could be left at risk of breaking her fiscal rules by unexpected economic shocks and faces “significant challenges” in delivering the government’s agenda, the International Monetary Fund (IMF) has warned. The IMF said the UK’s “limited” so-called headroom on its public finances gave little room to manoeuvre and called on Rachel Reeves to [...]