The owner of Vauxhall has announced plans to close its van-making factory in Luton, putting about 1,100 jobs at risk. Stellantis, which also owns brands including Citroen, Peugeot and Fiat,…
Category: Business News
USA: Department store employee hid more than $130m in delivery expenses
US department store Macy’s has said a rogue staffer concealed more than $130m (£103m) in company costs over roughly three years, causing it to delay the release of its latest…
USA: Tariffs are a negotiating tactic – ex-Federal Reserve governor
A former governor of the US Federal Reserve system says he believes US President-elect Donald Trump is using the tariffs as a “negotiating tactic”. Randall Kroszne says Trump’s made clear…
Canada: PM Trudeau speaks to Trump about border
Canada’s Prime Minister Justin Trudeau has spoken with Donald Trump, after the president-elect announced plans to impose tariffs when he is in the White House. The pair spoke by phone…
USA: Europe and UK spared from Trump tarrifs for now
Trump is using tariffs as a weapon of diplomacy, even coercion on topics entirely unrelated to global trade. Are the leaders of G20 nations with their own domestic audiences really…
USA. USD climbs while Europe stocks fall in response to Trump tarrif announcement
Donald Trump’s comments on tariffs sent a ripple through currency markets as traders scrambled to get to grips with the move. Initially, the US dollar jumped in value against the…
Mexico: USA needs to stop using drugs- Head Mexican Senate
Mexico may be the US’s top trading partner but that has not shielded it from Trump’s tariff threat. The Mexican government has long been Trump’s whipping boy when it comes…
China: Authorities warn USA against new tariff regime
China has warned Washington that no-one will win a trade war as Donald Trump threatens to impose an additional 10% tariff on goods heading to the United States. This is…
USA: Trump vows new tariffs on Canada, Mexico and China from day one
President-elect Donald Trump says he will introduce 25% tariffs on goods entering the US from Canada and Mexico, as well as increasing existing tariffs on China by 10%, as soon…
China: Temu owner’s shares slump as China slowdown hits sales
PDD Holdings, the Chinese owner of online shopping platforms Temu and Pinduoduo, has reported disappointing sales and profit as Chinese consumers continued to hold back amid an economic slowdown. US-listed…