China and US announce 90-day pause on tariffs May 12, 2025 China and the US have watered down tit-for-tat tariffs in a landmark 90-day pause that represents a de-escalation of their ongoing trade war. Both countries had imposed tariffs of over 100 per cent on one another in the fallout to President Trump’s ‘Liberation Day’ at the beginning of April, causing the UN to suggest that [...]
US and China resume tariff talks after Trump hails ‘great progress’ May 11, 2025 The US and China have resumed crucial tariff talks that have put the global economy on edge, with each side appearing to have diverging views of where the negotiations presently stand. President Donald Trump wrote on social media that “great progress” is being made and even suggested a “total reset” is a possibility as the [...]
Investors pin hopes on Burberry’s recovery amid China and US trade upheaval May 11, 2025 Investors are hoping Burberry can restore confidence in its turnaround efforts, as the brand weathers major trade disruption in China and the US and an under-pressure luxury market.
Zara boss calls for crackdown on fast-fashion tax loophole May 9, 2025 The head of Zara’s parent company has called for a US-style crackdown on shipments of small goods in Europe to “level the playing field” between Chinese and European firms. Chinese giants Shein and Temu have heavily disrupted the global fashion market in the last few years, putting pressure on older companies. Part of their meteoric [...]
Bank of England interest rates cut ‘nailed on’ May 8, 2025 The Bank of England is “nailed on” to cut interest rates later today to 4.25 per cent, investors believe. City of London leaders are anxiously awaiting the Bank’s newest monetary policy decision, which is set to be unveiled at 12.02pm due to a two-minute silence to commemorate Victory in Europe day. Investment analysts have suggested [...]
Mark Kleinman: This is not just any retail cyber attack… May 8, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column This is not just any retail cyber attack… It’s hardly an exclusive club these days: a big listed company is the victim of a major cyber attack, compromising its systems and ability to continue serving customers. [...]
Magnificent Seven magic is ‘dead’, says top tech investor May 6, 2025 For years, investors have relied on the Magnificent Seven to provide massive returns. Now, one of its biggest beneficiaries has said that strategy is “mostly dead”. The small group of giant tech stocks has seen a tripling of its total weight in the S&P 500 over the last decade, and now makes up around a [...]
When words matter more than numbers at the Bank of England May 5, 2025 City analysts have pencilled in their predictions for Thursday. Here’s how almost all of them likely read. Interest rates will be cut to 4.25 per cent, the Bank of England’s inflation forecast for this year will exceed its two per cent target and President Trump’s tariffs will be highlighted as a detriment to UK growth. [...]
US manufacturing sees job losses despite Trump’s hopes of a revival May 2, 2025 US manufacturing suffered 1,000 job losses in April in a blow to President Trump’s hopes to drive up employment in the sector. Trump’s ‘Liberation Day’ tariffs set out to cut the country’s goods deficit as he looked to protectionist measures to revive the country’s stuttering manufacturing sector. But new data showed no immediate improvement to [...]
Apple shares fall on cloud miss despite US chip pivot May 2, 2025 Apple posted better-than-expected earnings late Thursday, as iPhone sales held up strongly in the face of growing consumer anxiety over incoming US tariffs. But shares slipped nearly 3 per cent in after-hours trading, as a muted performance from its services unit and continued delays in its AI rollout tempered investor optimism. The California-based tech behemoth [...]