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Business
The EU’s trade deal with South America’s Mercosur bloc has begun provisional implementation after 25 years of negotiations. This agreement forms one of the world’s largest free trade areas, encompassing 720 million consumers and aiming to reduce tariffs on over 90% of bilateral trade.
President Trump announced that the US blockade of Iranian ports is proving effective, urging Tehran to “just give up” amid escalating tensions. Iran’s Parliament Speaker dismissed the blockade’s impact, stating it has only increased global oil prices, while tensions in the Strait of Hormuz continue to disrupt markets.
Meta is laying off 8,000 workers, about 10 per cent of its workforce, to enhance efficiency and focus on artificial intelligence investments. Concurrently, Microsoft is offering voluntary buyouts to approximately 8,750 employees, marking a significant shift for the company amid industry-wide cost adjustments.
Europe’s firms fall far behind in the race to create big tech The Wall Street…
The FT reports the EU plans to levy a flat fee of €2 on billions of small packages entering the bloc, mainly from China, in a fresh blow to low-cost online retailers such as Temu and Shein.
Fiscal concerns put pressure on dollar and bond market Treasury yields recede from their morning…
We are sorry to inform you that Brexit is back Ongoing talks between the UK…
The UK and EU have finalised a post-Brexit trade deal after extensive negotiations, addressing contentious issues including fishing rights, which will now allow EU access to UK waters for 12 years.
UK economy grows 0.7% in Q1, driven by services, but concerns rise over future tariffs.
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