Forget tariffs – this US tax law could be just as damaging for UK exports May 28, 2025 The US is advancing new tax measures targeting countries with “unfair” tax regimes, threatening UK service exports and global tax cooperation under OECD’s Pillar 2, says Tim Sarson Just a couple of weeks ago, tariffs were dominating the news agenda. Now they seem to have disappeared from the front pages as rapidly as the financial [...]
Nvidia’s new chip aims to soften tariff blow ahead of key earnings May 26, 2025 Nvidia is moving quickly to protect its position in China with the launch of a new AI chip – a stripped down, cheaper product aimed at dodging tightening US export restrictions and softening the blow of escalating trade tensions. Set to begin mass production as early as next month, the chip will be based on [...]
Global markets hold breath as Trump draws out EU trade talks May 26, 2025 Donald Trump has global investor sentiment hanging on his every word once again, as European markets rallied on Monday after the President retreated on his latest tariff tirade against the European Union. Trump agreed to extend his trade talks deadline with the EU by over a month, which comes after he threatened to slap a [...]
BYD: Chinese EV stocks tumble despite spike in UK demand May 26, 2025 Shares in Chinese electric vehicle (EV) makers slumped on Monday despite surging interest from UK buyers, as industry titan BY introduced a round of new price cuts in an already bruising market battle. Hong-Kong listed BYD dropped as much as 8.25 per cent from a record high set last week, after an announcement over the [...]
Trump threatens Apple with 25 per cent tariff on iPhones May 23, 2025 President Donald Trump issued a warning to Apple on Friday, threatening a 25 per cent tariff on iPhone sales made outside the US. In a Truth Social post, Trump wrote: “I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the US… be manufactured and built [...]
Forget the EU, UK businesses want to trade with China May 23, 2025 From UK businesses shifting trade to China, the message is clear: growth matters more than geopolitics, writes Jane Galvin.
Hisense: Sales surge by over £70m but brand issues warning May 22, 2025 Sales at the UK arm of Hisense, the Chinese appliances and electronics manufacturer, jumped by more than £70m last year, it has been revealed. The Leeds-headquartered division has reported a turnover of £373.8m for 2024, a sharp rise from the £300.4m it posted for 2023. New accounts filed with Companies House also show that Hisense’s pre-tax [...]
Mark Kleinman: Reeves’ City IPO push still lacks momentum May 22, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Reeves’ City IPO push still lacks momentum It’s the City’s most oft-recurring question: how do you reverse the alarming decline in London’s attractiveness as a destination for IPOs? The bald statistics legitimise the urgency of the [...]
Goldman Sachs AM: Investors are fleeing US stocks May 20, 2025 Clients at Goldman Sachs Asset Management are increasingly asking the investment giant to move their money away from the US, bosses in the firm have warned. “The US is not thought to be as safe and dominant as it was six months ago,” Matt Gibson, head of client solutions at Goldman Sachs Asset Management, told [...]
Maserati GranTurismo Folgore review: Nice but niche May 20, 2025 After five years in development, Maserati recently scrapped plans for its fully electric supercar: the MC20 Folgore. Blamed on ‘insufficient demand in the super sports car market for a battery electric vehicle’, the decision reflects a wider challenge for the automotive industry. In short, car enthusiasts don’t feel enthusiastic about EVs. Where does that leave [...]