Luxury Retailer’s Shares Plunge as US Tariff Threatens Profits
Watches of Switzerland Group Plc's shares plummeted by as much as 6% today, a direct consequence of a new US trade policy. President Trump has levied a 39% tariff...
Global Growth Picks Up as IMF Credits Tariff Reduction
The IMF has raised its global growth estimate to 3% for 2025, citing a more stable trade landscape. The withdrawal of some of Trump’s more aggressive tariff threats has...
Trump and EU Strike Major Trade Deal, Averting Tariff War
The United States and the European Union have finalized a major trade agreement after months of tense negotiations, avoiding the threat of a damaging transatlantic trade war. The deal,...
Chancellor Considers Overruling Supreme Court on Car Finance Payouts
The UK government is considering an unprecedented move to overrule the Supreme Court regarding a potential £44 billion car loan commission scandal. Chancellor Rachel Reeves is weighing options to...
EU Steel Industry Reels as U.S. Refuses to Lift 50% Tariff in New Trade Deal Draft
The European Union faces a major setback in trade negotiations with the United States, as a new draft agreement fails to reduce the punishing 50% steel tariff first introduced...
UK Pound Falls as BoE Governor Prepares for Swift Cuts
The pound dropped to a three-week low after BoE Governor Andrew Bailey signaled a readiness to accelerate interest rate cuts if employment weakens further. Sterling fell to $1.3467 before...