Trump tariffs could have ‘devastating blow’ on steel industry February 10, 2025 Speaking from Air Force One last night, Trump said the tariffs would cover "everybody", which will be a major hit to Canada and Mexico, two of the US's largest steel trading partners.
NFL ‘running scared’ of Trump and Musk ahead of Super Bowl with Bluesky ban February 6, 2025 The NFL risks alienating fans and accusations of “running scared” from Donald Trump and Elon Musk ahead of Super Bowl LIX after it banned teams from posting on X rival Bluesky, say industry watchers. Sunday’s showdown between the Kansas City Chiefs and Philadelphia Eagles in New Orleans, the climax to the NFL season, is set [...]
Cut taxes for BP and Shell to protect UK from Trump’s trade war, Rachel Reeves told February 6, 2025 Oil giants such as BP and Shell who operate in the North Sea should be given huge tax breaks to help protect the UK against Donald Trump’s burgeoning trade war, Chancellor Rachel Reeves has been told. Aberdeen & Grampian Chamber of Commerce is calling on the UK government to reduce the 78 per cent tax [...]
Canada wants to restart trade talks with UK, amid Trump tariffs row February 5, 2025 Canada wants to restart discussions on a free trade deal with the UK, amid a row with US President Donald Trump over tariffs. It comes as Trump put a pause on the 25 per cent tariffs he plans to impose on Canadian imports, after Canadian Prime Minister Justin Trudeau struck a deal over migration and [...]
UK’s audit chief ‘open to learning’ from Elon Musk’s DOGE in US February 5, 2025 The head of the government’s spending watchdog has said he is open to learning from Elon Musk’s US “department of government efficiency”, or DOGE. Gareth Davies, the UK’s chief auditor, gave his annual speech to Parliament on Tuesday, warning that money was being “wasted” and public services “compromised” as he stressed that there was a [...]
Making it Raine: US bank to earn £10m from Hundred franchise sales February 5, 2025 The Raine Group is on course to bank around £10m in commission from its role in the sale of the eight Hundred franchises. Morning Wire has learned that the New-York based bank will earn fees worth two per cent of the price paid for 49 per cent stakes in the franchises sold by the England [...]
Better relations with America could be the biggest Brexit benefit yet February 5, 2025 Brexit allowed Britain to lead the West in support for Ukraine. Now we must use that freedom to dodge tariffs by convincing Trump we are a reliable partner in defence, says James Price Having served in government through some of the Brexit negotiations, and seen up close how completely bonkers everyone was driven by it, [...]
CBI boss: ‘Not realistic or right’ to decouple from China February 5, 2025 Rain Newton-Smith, head of the UK’s leading business group, will urge the government to ignore the “siren call of protectionism” amid mounting tensions in the global economy. In a speech set to be delivered later today, the chief executive of the Confederation of British Industry (CBI), will call on the government to forge deeper ties [...]
Trump tariffs: Investors struggle to price in threat after last minute reprieve February 4, 2025 Jim Reid, head of research at Deutsche Bank said: "The past few days have raised ongoing questions over Trump’s tariff policy plans".
China strikes back on Trump tariffs as Mexico and Canada get reprieve February 4, 2025 The response came just hours after Trump imposed 10 tariffs on all goods coming from China.