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Trump threatens China with additional 10% tariff in escalation of trade war
Donald Trump has threatened China with an additional 10% tariff on its exports to the US, setting the stage for another significant escalation in his…
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OpenAI rejects $97.4bn Musk bid and says company is not for sale
OpenAI on Friday rejected a $97.4bn bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for…
Trump tariffs: markets brace for falls as Mexico and Canada hit back
Investors are bracing for stock market falls after Canada and Mexico hit back against trade tariffs imposed by Donald Trump this weekend. Trading on the…
Trump threatens 10% tariff on China and considers EU levy
Donald Trump has threatened to impose a 10% tariff on Chinese-made goods arriving in the US from as early as 1 February, adding that he…
Fears over UK borrowing costs as US jobs figures prompt bond market volatility
Concerns over the UK government’s borrowing costs were revived on Friday after stronger than expected US jobs figures triggered volatile conditions in global financial markets.…
Biden announces nearly $2.5 billion in military aid for Ukraine
President Joe Biden said Monday that the United States will send nearly $2.5 billion more in weapons to Ukraine as his administration works quickly to…
US consumer watchdog sues banks over alleged ‘widespread’ fraud on Zelle
The US Consumer Financial Protection Bureau said on Friday it filed a lawsuit against JPMorgan Chase, Bank of America and Wells Fargo for failing to…
Trump threat of 100% tariffs against Brics nations raises trade war fears
Fears of a global trade war have risen after Donald Trump threatened to impose 100% tariffs on countries in the Brics group if they create…
Black Friday online sales in UK rise by 12% but shops still feel the pinch
UK shoppers visited websites in droves to snap up Black Friday bargains, raising hopes among struggling retailers that the US-inspired promotional day would finally kickstart…
Ford cuts 4,000 jobs in Europe, including 800 in UK, after slowdown in EV sales
Ford has said it will cut 4,000 jobs in Europe, becoming the latest carmaker to try to reduce costs amid slowing growth in electric car…