China escalates fiery trade war with Trump with 125 per cent tariffs April 11, 2025 China has hit back at President Donald Trump as it announced further tariffs of 125 per cent on US goods in further signs that a full-blown trade war could still worsen. The US president refused to offer China a three-month reprieve from tariffs after it quickly retaliated against Trump following Liberation Day. The Chinese finance [...]
Tariffs delay deadline for TikTok sale…again April 10, 2025 TikTok, the beloved video platform that has had Washington in a twist, is back in limbo. What was once just a viral dance platform has now become emblematic – a rope in a high stakes geopolitical tug-of-war. An initial ban over national security concern was introduced, then reversed, and ultimately the app has been treading [...]
Starmer says UK government must ‘rise to the moment’ on tariffs April 10, 2025 The UK government needs to “rise to the moment”, Sir Keir Starmer said, adding that he would not “pretend” US President Donald Trump’s tariffs are “good news”. Speaking this morning after Trump announced a 90-day pause in his sweeping global tariffs, while raising his tax rate on Chinese imports to 125 per cent, the Prime [...]
Nvidia shares skyrocket but tariffs still threaten AI boom April 10, 2025 Shares in AI giant Nvidia have skyrocketed by almost a fifth after President Donald Trump paused his sweeping new tariffs for 90 days. The move brought a brief, albeit potent, reprieve for Wall Street, triggering the Nasdaq’s largest single day gain in nearly a quarter of a century and reigniting investor appetite for the battered [...]
Next: Boss of FTSE 100 giant rewarded after £1bn profit April 10, 2025 The chief executive of FTSE 100 giant Next took home almost £5m as the high street icon’s profit surged to more than £1bn for the first time. Lord Simon Wolfson took home a total pay packet of £4.72m for the Leicester-headquartered retailer’s latest financial year, up from £4.63m. The CEO’s remuneration package included a salary [...]
Tesla and Apple lead Mag Seven surge as Trump blinks on tariffs April 10, 2025 The so-called magnificent seven tech stocks added more than $1.8tr in market value on Wednesday after Donald Trump unexpectedly paused a swathe of new tariffs, offering a rare moment of relief in an escalating trade war that had rattled big tech. Shares of Nvidia, Apple, Tesla, Microsoft and others surged between eight and 19 per [...]
UK IPO market stalls amid Trump tariff uncertainty April 10, 2025 The number of IPOs on the London Stock Exchange stalled in the first quarter of 2025 as listings raised just £74.7m, a 74 per cent decline from last year. In total, there were five new lPOs in the first three months of the year, two on the main market and three on junior stock exchange [...]
The Capitalist: City of London terrorised by ducks April 10, 2025 Market shenanigans, Jamie Dimon's good manners guide and the Square Mile's aggressive ducks; catch up on City drama in The Capitalist.
Deutsche Bank: The market has ‘lost faith’ in US assets April 9, 2025 A “remarkable” sell-off in the dollar and US Treasuries suggests global markets have lost faith in American assets, and risks sparking an “outright financial war” that could force the Federal Reserve into another round of quantitative easing, Deutsche Bank’s top FX analyst has warned. In a wide-ranging note on Wednesday, George Saravelos said that the [...]
US tariffs: Reeves stresses ‘imperative’ to improve UK-EU trading relations April 9, 2025 Rachel Reeves has stressed it is “imperative” for the UK to improve its trading relationship with the European Union (EU), amid US President Donald Trump’s global trade tariff war. The Chancellor’s comments emerged in an interview with the Financial Times (FT) ahead of a crucial summit with EU leaders in London next month. Reeves told [...]