Author: WTX Business Team
There have been a few big announcements from China today – the latest outlines new restrictions on US companies.
BBC’s business editor Simon Jack was asked: Is this a stock market crash? Here’s what he has to say:
Stock markets in London, Paris, and Berlin fell on Thursday following U.S. President Donald Trump’s announcement of sweeping tariffs. The UK has been hit with a baseline 10% while the EU has been hit with 20%.
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 FT reports that it has seen an informal paper that the UK government has circulated outlining its plans for a multilateral fund that would support weapons stockpiles and military equipment across the continent.
A look at the market jitters ahead of the new round of US tariffs – with US media speculating it is set to be a blanket 20% tariff on all non-American goods.
The FT looks at investors and says they are “flocking to gold as fears mount on eve of Trump tariff announcement.”
Trump’s planned ‘Liberation Day’ tariff deluge could send a wrecking ball through the Chancellor’s buffer.
French far-right leader Marine Le Pen has been banned from standing for office for five years with immediate effect and sentenced to jail after being convicted of embezzling EU funds.
The UK government had been holding out hope for a “UK-US economic prosperity deal” that would protect British exports from the tariffs
The US President suggested his next round of tariff announcements, expected on Wednesday, will hit all countries, rather than just those who sell more goods to the US than they buy.
The Economist asks: Is Elon Musk remaking government or breaking it?
The US is increasing pressure on Russia, threatening further tariffs on its oil exports if a ceasefire agreement in Ukraine isn’t reached.
Steel tycoon Lakshmi Mittal is preparing to leave the UK in response to a government crackdown on non-domiciled residents, making him one of the wealthiest entrepreneurs to move because of the tax reform.
Tax rises likely as growth forecast cuts Western Mail says further tax rises are “likely later this year after the budget watchdog dealt Rachel Reeves a blow by halving its forecast for economic growth, despite huge cuts to welfare and a squeeze on Whitehall budgets. Farrell confirmed his Lions coaching team on Wednesday, made up of England senior assistant coach Richard Wigglesworth, Ireland coaching trio Simon Easterby, Andrew Goodman and John Fogarty, and Scotland forwards coach John Dalziel.
The Atlantic magazine has published more excerpts of the Trump administration’s group chat on Signal that detail timings of military strikes in Yemen.
Rachel Reeves faces the prospect of her newly-restored fiscal headroom being wiped out again ahead of the Autumn budget.
City AM reports MPs and voters will “hear more” from the Chancellor on welfare cuts at the Spring Statement, the defence secretary has said.
The FT attacks what it calls the “sheer amateurism” of the Trump White House in the use of the messaging app to discuss plans to bomb Yemen.
FCA boos has said the watchdog is “going so much further” on its mission to boost growth in the UK.
More and more people are finding ways to live longer and better.
US President Donald Trump is threatening more tariffs!