Reeves reviews tech tax as Trump trade war fears mount February 4, 2025 Rachel Reeves is reviewing the UK’s £700m digital services tax (DST) on American tech giants in a bid to avoid Donald Trump’s tariffs. The DST, which was introduced in April 2020, imposed a two per cent levy on UK revenues of major tech leaders like Amazon, Apple and Google. The US previously expressed strong opposition, [...]
DEI more crucial than ever, says Lloyd’s new inclusion chair February 4, 2025 Following Donald Trump's crackdown on DEI policies, Lloyd's newly appointed chair of inclusion says D&I is 'crucial now more than ever'
Trump’s tariffs reveal reality of Dealmaker-in-Chief February 4, 2025 Things happen quickly in Trump’s America. On Saturday, the US President announced sweeping tariffs on imports from China, Canada and Mexico, in a move that sparked panic among allies as far away as Japan and the EU. By yesterday afternoon, analysts were predicting that the Canadian and Mexican economies would be plunged into recession as [...]
Markets post modest recovery after Trump delays tariffs on Mexico February 3, 2025 Markets recovered some ground on Monday afternoon after last minute concessions persuaded Donald Trump to delay imposing tariffs on Mexico. But investors in many parts of the world were still left nursing heavy losses, having underestimated the risks around the President’s trade plans. Over the weekend, the US announced 25 per cent additional tariffs on [...]
UK seeking ‘strong trade relationship’ with US amid tariffs, Starmer says February 2, 2025 The UK will seek a “strong trading relationship” with the US, Sir Keir Starmer has said, as the threat of a trade war looms after Donald Trump announced new tariffs. The US president has introduced a 25% levy on goods coming from Mexico and Canada, and a 10% trade tax on Chinese goods, which will [...]
Trump says he and Putin could do something ‘significant’ in Ukraine February 1, 2025 US President Donald Trump said his administration has already had “very serious” discussions with Russia about its war in Ukraine and that he and Russian President Vladimir Putin could soon take “significant” action towards ending the grinding conflict. “We will be speaking, and I think will perhaps do something that’ll be significant,” Trump said in [...]
Former Trump ally Mike Pompeo joins London-listed copper firm January 30, 2025 Former US secretary of state and one-time Trump ally Mike Pompeo has joined London-listed copper miner ACG, bolstering its board as it plots a deals offensive and international expansion. ACG, led by a former executive at Russia’s biggest aluminium miner, said the former CIA director would join as a non-executive director and bring “valued strategic [...]
President Trump says he’s open to X owner Elon Musk buying Tiktok January 22, 2025 President Donald Trump said he was open to the idea of X-owner Elon Musk buying TikTok as well, as the app navigates attempts to ban it in the US. The social media platform with links to the Chinese government, which boasts over 170m American users, briefly went dark on Sunday after the Supreme Court upheld [...]
UK entrepreneurs have mixed views on Trump agenda January 22, 2025 Two thirds of British entrepreneurs see Donald Trump’s second term in office as “good for business” as it could provide opportunities for expansion and growth, but fears linger of the impact of US trade policy. Helm, a group of 400 UK entrepreneurs with a combined revenue of £8bn, found that while 66 per cent of [...]
Trump should read Javier Milei’s 2024 Davos speech January 22, 2025 This year, perhaps more than ever, the global gathering at Davos offers something of a safe space for those still reeling from the 47th President’s inauguration, his speech and subsequent flurry of Executive Orders. Sessions scheduled at this year’s World Economic Forum include Investing in Diversity, Safeguarding Nature, The Road to COP30, Equity Beyond Identity [...]