Press Round-Up Full (Premium)
Thursday newspaper round-up: UK Temu duty, chlorinated chicken, energy bills, AstraZeneca, EU mobility
British brands have warned they are being “doubly penalised” after DHL suspended deliveries to the US because of President Trump’s tariff war, which is loading extra costs and paperwork on to exporters. The logistics group temporarily halted shipments worth more than $800 to the United States for business-to-consumer deliveries on Monday as it scrambles to deal with added shipping complexities caused by White House policy changes on imports. - The Times.
Tuesday newspaper round-up: Global trade, Trump-Powell relations, power pylons, parking fines
Rachel Reeves will fly to Washington this week to argue for global free trade in the face of Donald Trump’s punitive tariffs, amid continued international economic turbulence. The UK chancellor will use the spring meetings of the International Monetary Fund, which is attended by top finance ministers and central bankers, to make the case that free trade is in both British and global interests. - Guardian.
Friday newspaper round-up: Retail footfall, tax, Tesla, Nick Clegg, easyJet
High streets and other shopping destinations have had a “drab December”, ending another year of falling visitor numbers and raising fears of disappointing sales in the most important month for retailers. Attendance at UK shopping centres, retail parks and high streets was down 2. 2% in December compared with the same period in 2023, according to data from the British Retail Consortium (BRC) and analysts at Sensormatic. The decrease was led by a 3. 3% decline at shopping centres.
Thursday newspaper round-up: Shop closures, BoE cuts, Chinese hackers, Post Office
The UK lost about 37 shops a day during 2024 in yet another brutal year for the high street, data suggests. Almost 13,500 retail stores closed for good in the last 12 months, a rise of 28% on 2023 – although the losses were below the levels seen each year between 2019 and 2022, according to provisional figures compiled by the Centre for Retail Research. - Guardian.
Monday newspaper round-up: Jimmy Carter, London house prices, EG Group, retail layoffs
Jimmy Carter, the 39th president of the United States, a broker of peace in the Middle East in his time, and a tireless advocate for global health and human rights, has died, it was announced on Sunday. He was 100 years old. A Georgia Democrat, Carter was the longest-lived president in US history. He only served one term in the White House and was soundly beaten by Ronald Reagan in 1980. But Carter spent the decades afterward focused on international relations and human rights, efforts that won him the Nobel peace prize in 2002.
Wednesday newspaper round-up: Water firms, Labour tax raid, Boeing, BMW
The future ownership of the water industry should be decided by a citizens’ assembly to remove decision-making from boardrooms and impose democracy on the sector, a private member’s bill is to argue. Labour MP Clive Lewis, who in the past has called for water to be put back into public ownership, will introduce his bill on the future of water ownership and management later today. - Guardian.
Friday newspaper round-up: Arena Television, social care, Obama, Netflix, Pret a Manger
Liquidators of Arena Television, the failed outside broadcast business at the centre of what has been called Britain’s “largest ever” asset-based lending fraud, are suing Lloyds Banking Group for up to £285 million. Lloyds and its Bank of Scotland subsidiary are accused of processing payments “without authority”, allegedly allowing Arena’s directors to perpetrate a “substantial and wide-ranging fraud” against scores of lenders, court filings show.
Friday newspaper round-up: Microsoft, mortgage rates, Boeing, Alphabet, Trump
Microsoft beat Wall Street estimates for its third-quarter revenue last night, driven by gains from artificial intelligence adoption across its cloud services and business software products. The company said its revenues had risen to $61. 9 billion, up by 17 per cent and exceeding the $60. 8 billion, or 15 per cent rise, that had been forecast. Its net income was $21. 9 billion, up by 20% from the year before. - The Times.
Thursday newspaper round-up: Royal Mail, welfare bill, Boeing, Alstom, Federal Reserve
The Labour Party is open to the prospect of a takeover of the owner of Royal Mail by the struggling postal group’s Czech billionaire investor, which is considering a renewed approach. EP Group, a conglomerate controlled by Daniel Kretinsky, revealed on Tuesday that it had made a “non-binding indicative proposal” to the board of International Distributions Services (IDS), Royal Mail’s parent company, on April 9 seeking its recommendation for a possible cash offer for the remainder of the shares it does not already own.
Wednesday newspaper round-up: IMF, champagne, Boeing, Plus500, Trump Media
Rising energy prices and disruption to international shipping risk “stalling” declines in inflation in leading economies, the International Monetary Fund has warned, telling central banks that the “last mile” of their battle against price rises may be the hardest. In its latest assessment of global financial stability, the IMF said markets were vulnerable to another round of volatility if investors continued to push back their expectations for interest rate cuts this year, leading to falls in bond and stock prices.
Tuesday newspaper round-up: Tesla, Trump trial, Boeing, Thames Water, Apple
Tesla is to cut more than 14,000 jobs as Elon Musk’s groundbreaking electric car company feels the heat of a global price war with Chinese rivals at the same time as stalled demand for zero-emission vehicles. In an email to staff amid reports that workers in California and Texas have begun receiving redundancy notices, Musk stated: “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity.
Monday newspaper round-up: Barclays, Middle East, fuel prices, oil exploration, tax havens
A 20-year-old children’s charity that shut down after an error by Barclays led to its account being closed was offered only £250 in compensation by the bank. JusB, which worked with young people from disadvantaged backgrounds, initially was offered the sum along with an apology for a mistake that resulted in the charity being cut off from its finances for nearly a month last year. This offer was increased later to £525, which Sir Robert Neill, the charity’s constituency MP, called “trivial” and said “bears no relation to the harm done”.