Category: News

The US and China have agreed to suspend punitive tariffs for 90 days, reducing duties on imports and pledging further talks to stabilise global trade relations.

Andrew Bailey says UK must rebuild EU trade relationship to boost long-term growth, as Starmer prepares to unveil a new UK-EU partnership at a summit in London.

John Lewis to expand its in-store cafés and restaurants, including Ori Caffè and a new Jamie Oliver concept, as part of a wider strategy to revive its brand and increase footfall.

IAG, the owner of British Airways, announces $23bn aircraft order despite trade war concerns, as profits surge and transatlantic demand holds firm.

President Donald Trump has announced a new trade deal between the United States and the United Kingdom, marking what he described as a “historic day” for the transatlantic alliance. The agreement, unveiled on the 80th anniversary of VE Day, is the first major trade accord since the president introduced sweeping tariffs on dozens of trading partners earlier this year.

Farmers report early crop failures due to the driest spring in 69 years, as reservoirs run low and the Environment Agency warns of hosepipe bans and potential drought.

British Steel begins hiring 180 new workers following government intervention to save 2,700 jobs, with production ramping up across key sites including Scunthorpe and Teesside.

The Bank of England lowers rates to 4.25% as it warns of weaker UK growth due to Trump’s tariffs. Analysts expect further cuts as inflation eases and economic risks mount.

Donald Trump is expected to unveil a long-awaited trade deal with the UK on Thursday, as talks focus on tariffs, digital tax, and key export protections amid global trade tensions.

Nearly 300,000 people filed their Self Assessment tax returns in the first week of the new tax year — the highest number ever recorded during the opening week of filing, according to HM Revenue and Customs (HMRC).

Amazon introduces Vulcan, a robot with a sense of touch, marking a major breakthrough in warehouse automation — raising hopes for efficiency and fears over job losses.

Novo Nordisk has slashed its full-year revenue and profit forecasts for the first time since launching its blockbuster weight-loss drug Wegovy, as unauthorised compounded versions of its GLP-1 drugs eat into sales — particularly in the United States, its largest market.

UK investors pulled £1.2bn from bond funds in April — the fastest outflow in five years — as Trump’s tariff war and rate cut expectations shake global markets.

Three in five UK companies say rising and unstable energy costs are hindering growth, as high prices and carbon taxes put British industry at a global disadvantage.

Consumer confidence drops to -53 — the lowest since December 2022 — as fears over Trump tariffs, Ukraine war, and UK tax hikes weigh heavily on households, says Which?