Political News
General Motors tops Q1 expectations, suspends guidance amid tariff storm
General Motors reported strong first-quarter results on Tuesday, surpassing Wall Street’s expectations for both earnings and revenue.
Government and regulators slammed over water industry failings
The public spending watchdog has slammed both government and the UK’s water regulators, claiming they have failed to drive sufficient investment in the ailing sector.
US Treasury Secretary expects trade war with China to de-escalate
The head of America's Treasury believes that the trade war with China will de-escalate.
Russia offers to halt invasion at current frontline
The Russian president has offered to stop the invasion of Ukraine at the point where the frontline currently stands.
Beijing tells Chinese airlines to halt Boeing deliveries
China has instructed its domestic airlines to halt deliveries of Boeing aircraft and suspend purchases of US-made aviation equipment and parts, it emerged on Tuesday, deepening a widening trade dispute with the United States.
UK MPs recalled to debate seizure of British Steel
UK lawmakers will hold a rare emergency parliamentary session on Saturday to take control of British Steel and stop its Chinese owner closing the Scunthorpe plant in a move that could lead to nationalisation of the company.
Trump's tariff regime takes effect, sending markets tumbling
Donald Trump’s sweeping tariff regime came into force on Wednesday, including a swingeing 104% on China, unnerving markets and pushing the world to the brink of an all-out trade war.
Investors sell off US Treasuries
The sell-off in safe-haven US Treasuries extended on Wednesday, as global markets reacted to Donald Trump’s tariff regime coming into effect.
Global slowdown could drive oil prices below $40 - Goldman Sachs
Oil prices could tumble to less than $40 a barrel, Goldman Sachs warned on Tuesday, on the back of a slowing global economy and output hikes.
China vows 'fight to the end' as Trump threatens extra 50% tariff
China said it would "fight to the end" after Washington threatened an additional 50% tariff if Beijing went ahead with retaliatory measures of its own against American imports in the latest tit-for-tat escalation of the trade dispute between the world's two largest economies.
Fed's Powell says impact of tariffs on inflation could be 'more persistent'
The head of the US central bank sounded a slightly less 'dovish' note at the end of the week, but did not believe that there was any need to hurry and act.
China announces 34pc retaliatory tariff on US imports
China announced a 34% tariff on all US imports on Friday, matching new duties imposed by US president Donald Trump earlier this week and sharply escalating trade tensions between the world’s two largest economies.
Trump tariff regime poses 'significant risk' to global economy - IMF
The International Monetary Fund has warned that Donald Trump’s sweeping tariff regime poses a "significant" risk to the global outlook.
UK to probe possible retaliatory response to US tariffs
The British government has not ruled out retaliatory action against the US, it confirmed on Thursday, after Donald Trump imposed sweeping tariffs worldwide, including on the UK.
Heathrow warned about power supply resilience, MPs told
Heathrow was warned about power supply concerns less than a week before an outage shut the airport, causing chaos for thousands of passengers, MPs were told on Wednesday.
Trump team preparing for sweeping 20pc tariffs - report
The Trump administration preparing a major shift in US trade policy was said to be looking at plans to impose tariffs of around 20% on most imports, it emerged on Tuesday.
Apple fined EUR 150m in France over app tracking feature
France’s competition watchdog fined Apple €150m on Monday, for abusing its dominant position in mobile app advertising through its ‘App Tracking Transparency’ (ATT) tool, which has been in place since 2021.
Global markets in turmoil as Trump threatens all countries with tariffs
Global share markets were in turmoil on Monday as US President Donald Trump said he would impose tariffs on all countries and told his advisers to get even more aggressive with tariffs ahead of a raft of new levies due to take effect on Wednesday.
Thames Water finance chief stepping down
Thames Water’s chief financial officer Alastair Cochran will leave the company at the end of March, it was announced on Friday, marking a significant leadership change as the debt-laden utility pushed ahead with efforts to stabilise its finances.
British Steel to close Scunthorpe furnaces
Thousands of jobs were put at risk on Thursday, after British Steel announced plans to shut two blast furnaces at its Scunthorpe plant, just days after rejecting a £500m government lifeline.