Browsing: UK featured

Jamie Dimon, the head of JPMorgan Chase – one of the world’s biggest banks – says the United States’ economy is facing “considerable turbulence”.

The Liverpool legend will stay in the north of England for two more years.

Despite opening well this Friday morning, the three main stock indexes in Europe are now down after China announced that it will retaliate further to US tariffs – after the Trump administration confirmed the tariff on China is now 145%. 

Continuing the trend of the week, coverage of Donald Trump’s tariffs, the stock market reaction and now claims of potential insider trading. 

Gold has risen to a record high as investors seek safe-haven assets amid the chaos. The ongoing escalation in the US-China trade war is still causing chaos in the markets as the Asian markets slid on Friday and the US markets slumped on Thursday close, wiping out a chunk of Wednesday’s historic rally. The US markets open at 14:30 GMT. 

Prince Harry made a surprise visit to an orthopaedic clinic in Lviv – a centre that treats and rehabilitates wounded military personnel and civilians. Harry attended with a group from the Invictus Games Foundation after two days back in London for a high court appearance.

Friday’s UK headlines cover a variety of domestic and international stories. There is, of course, continued coverage of the fallout from the Trump tariff debacle amid claims of market manipulation and calls for an investigation into potential insider trading.

Royal news continues to be highlighted on the front pages – in print and online – with Prince Harry making a surprise visit to Ukraine and Prince William talking football after Villa’s 3-1 loss. Charles and Camilla are pictured on several tabloids after marking their 20th wedding anniversary with a state visit to Italy, where the pair exercised their soft power in a bid to rebuild relations with the rest of Europe. 

The UK is set for another sunny day with temperatures reaching over 23C in some parts – and in Scotland, there are warnings of potential wildfires. 

Cassius Walker-Hunt, a former steelworker in Port Talbot, has transitioned to running a coffee shop after being made redundant due to Tata Steel’s closure of blast furnaces, marking a significant shift for the local workforce and community.

Farmers take to the streets of Hemel Hempstead in Hertfordshire to continue demonstrations against PM Keir Starmer’s new inheritance tax…

Manchester United are away at Lyon tonight in the UEFA Europa League Quarter-Final 1st Leg, whilst fellow English club, Tottenham Hotspur, welcome Eintracht Frankfurt to the Spurs Stadium.

Donald Trump has backed down on his tariffs (higher than the baseline 10%) on countries that did not retaliate against the levies. The US president announced via social media that there would be a 90-day pause on those tariffs and they would instead be dropped to the blanket 10% rate. But since China did retaliate, Trump announced that the tariffs on China would be hiked to 125%.

Much of the global media sees the announcement of Trump backing down from the trade war he started, likely amid US government bond sell-offs.