Nissan: UK taxpayers to guarantee £1bn loan amid Sunderland plant uncertainty May 28, 2025 The UK taxpayer is to guarantee a £1bn loan to Nissan as part of a major restructuring of the struggling carmaker. The Japanese firm announced plans earlier this month to axe 20,000 jobs globally and shut down seven factories. Confirmation of the restructuring piled uncertainty onto the future of its Sunderland facility, which is the [...]
Shein eyes Hong Kong for IPO as London listing stalls May 28, 2025 Fast-fashion giant Shein is reportedly working towards a Hong Kong initial public offering (IPO) after failing to secure approval from Chinese regulators for its London listing. The Singapore-headquartered company aims to file a draft prospectus with Hong Kong’s stock exchange in the next few weeks, according to Reuters. The move comes as a blow to [...]
Stellantis: Vauxhall owner picks former Jeep boss as chief executive May 28, 2025 Stellantis has picked 25-year veteran Antonio Filosa as its new chief executive amid an ongoing turnaround effort that was given fresh urgency by President Donald Trump’s shock tariff announcement. Filosa, who is currently Stellantis’s chief operating officer for the Americas, will take the top job on 23 June following a unanimous verdict by the board. [...]
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 [...]