Canada has announced retaliatory tariffs against the US, in a move that marks the beginning of a trade war between the neighbouring countries. Prime Minister Justin Trudeau set out “far-reaching”…
Category: Business News
China: Asian markets tumble as Trump’s tariff war escalates
Investors are bracing for a turbulent period that could hit the earnings of major companies and dent global growth. Canada and Mexico have said that they will hit back with retaliatory…
UK: Lloyds Bank to close 136 branches as people shift to apps
Lloyds Banking Group is to shut another 136 branches by March next year, arguing that customers are increasingly using digital channels for their day-to-day banking. It is the latest in…
Canada: PM Justin Trudeau promises a ‘fight’ is Trump imposes tariffs
Canada will react forcefully and immediately if Donald Trump imposes tariffs, Prime Minister Justin Trudeau said on Friday. The US president has said he could levy a 25% tariff on…
USA: Apple iPhone sales dip despite AI rollout
Sales of Apple iPhones dropped at the end of last year, as the tech firm’s roll out of new artificial intelligence (AI) features was met with a lukewarm response. Chief…
UK: Wine and spirits duty to rise but tax on a pint to fall
The price of wine and spirits is set to rise from Saturday after an increase in tax and duties comes into effect. Taxes will rise in line with inflation, and…
USA: Canada and Mexico face 25% tariffs on Saturday- Trump
US President Donald Trump has said he will follow through with his threat to hit imports from Canada and Mexico with 25% border taxes, known as tariffs, on 1 February.…
UK: MPs, mayor and residents object to Heathrow plans
Residents and MPs have criticised a government announcement that it would be backing plans for a third runway at Heathrow Airport. Chancellor Rachel Reeves said on Wednesday that expanding Heathrow was…
UK: Rachel Reeves Reeves backs third Heathrow runway in growth push
Rachel Reeves has backed a third runway at London’s Heathrow Airport as part of a fresh plan to get the UK’s sluggish economy growing. In a speech to business leaders,…