ICC boss: Tit for tat tariffs response risks return to Great Depression April 3, 2025 A ‘tit for tat’ response to Donald Trump’s tariffs risks plunging the world into an economic slowdown redolent of the Great Depression, the head of the world’s largest trade body as warned. Speaking to City AM, John Denton, secretary general of the International Chamber of Commerce (ICC), cautioned world leaders that any “thoughtless and knee [...]
Advertising Week president Ruth Mortimer: ‘I was warned the salary leap might be too much’ April 3, 2025 From archaeologist to Advertising Week president, Ruth Mortimer has had quite the career. She tells us how she got there.
The Capitalist: UK gov joins Reddit, a City Bluebird and an apology April 3, 2025 The UK government joins Reddit, a new Bluebird lands in the City and The Capitalist says sorry. Catch up on the latest Square Mile drama…
67 per cent tax rate will drive the last non-doms away from Britain April 3, 2025 The Finance Bill will create a punitive and arbitrary set of rules for non-doms, under which they could end up paying exorbitant levels of tax, says James Lawson This year’s Spring Statement was a pretty no-nonsense affair – and with good reason. As the war in Ukraine rages on, Trump’s tariffs begin to bite and [...]
Japanese Whisky: A celebration of Japan’s culture April 3, 2025 Whisky Business: City AM’s monthly look at the world of whisky. April 1st marked Japanese Whisky Day, the annual event designed to celebrate and showcase Japanese whisky. While the drink has gained recognition in recent years, it’s still fighting for a place on the shelf alongside Scotch, Irish and Bourbon. It might come as a surprise, [...]
Vauxhall: £400m plans revealed for closed factory after 1,100 jobs lost April 3, 2025 The site of Vauxhall’s van manufacturing plant in Luton, which has just closed with the loss of 1,100 jobs, has been bought by a global property company pledging to invest £400m. Australian giant Goodman has acquired the site in Kimpton Road, which Vauxhall owner Stellantis slated for closure in November last year. The group said it [...]
US tariffs: Keir Starmer vows to ‘keep cool head’ in face of ‘economic impact’ April 3, 2025 Sir Keir Starmer has vowed to “keep a cool head” in the face of the “economic impact” of Donald Trump’s 10 per cent tariffs on UK exports to the US, amid fears of a wider trade war. The Prime Minister spoke to business chiefs in Downing Street this morning in the wake of sweeping global [...]
Dazn’s Pete Oliver on growth, ‘insane’ fights, boxing’s golden era and TKO April 3, 2025 Dazn’s CEO of Growth Markets Pete Oliver is bullish about the sports streamer’s growth as it leans into boxing and its Saudi relationship – and, he says, Dana White’s TKO is welcome. What’s the only thing crazier than stopping rush hour traffic in downtown New York City to stage a high-profile boxing event in Times [...]
GP landlord Primary Health Properties makes new offer for peer Assura April 3, 2025 GP landlord Primary Health Properties (PHP) has made a new offer for FTSE 250 healthcare real estate investment trust peer Assura, offering a £1.5bn merger to the REIT. PHP has offered £1.5bn for the trust, which would see Assura’s shareholders owning about 48 per cent of the combined group’s shares, which would become the eighth [...]
Don’t ask if Gary Stevenson’s story is true, ask why it’s popular April 3, 2025 Gary Stevenson is young, angry and everywhere – but the veracity of his anti-capitalist rhetoric is less important than why it’s finding such an eager audience, says Eliza Filby You may have seen his turn on Question Time, or his two-and-a-half-hour appearance on The Diary of a CEO – watched by over 3m people. Perhaps [...]