Trump announces tariff hikes as US-China trade war escalates August 24, 2019 Donald Trump has hit back at China by announcing plans to increase the tariffs on imports by a further a five per cent. The trade war between the US and China escalated further on Friday, with China revealing plans to hit $75bn of US goods with duties. Read more: Trump tirade against China sends stock [...]
Fresh blow for Woodford as suspended fund’s holdings take hit August 23, 2019 Neil Woodford has suffered his third setback of the day after it was announced that his suspended Equity Income Fund (EIF) significantly underperformed its industry benchmark. Link Fund Solutions, which is managing EIF’s suspension, said the fund had declined 11.15 per cent between 3 June and 21 August. By contrast, the fund’s industry benchmark – [...]
‘Feel the pain’: China set to retaliate on US tariffs, says state newspaper August 23, 2019 China will soon unveil plans to impose retaliatory tariffs on certain goods, the editor of a Chinese state-backed newspaper has said. Read more: Chinese renminbi set for another weekly fall on trade tensions Hu Xijin, editor of the Global Times, tweeted: “Based on what I know, China will take further countermeasures in response to US [...]
Woodford share price tumbles as it devalues holding in cold fusion company August 23, 2019 Shares in Woodford Patient Capital Trust (WPCT), the listed fund of beleaguered stockpicker Neil Woodford, dropped over six per cent this morning after the company was forced to cut the value of one of its largest holdings, a controversial energy company backed by celebrities including Brad Pitt. WPCT said this morning that Link Fund Solutions [...]
Putin critic Navalny freed from jail August 23, 2019 Russian opposition leader Alexei Navalny has been released from prison, his spokesperson confirmed this morning. Navalny, President Putin’s most prominent critic, had spent 30 days behind bars for violations of the country’s law on protesting. Read more: Theresa May demands Salisbury poisoning suspects face justice ahead of Vladmir Putin talks He was locked up after [...]
Land of the car? Trump slams Ford for backing stricter emissions rules August 22, 2019 Donald Trump has found a new target for his Twitter ire: the global automotive industry. The US President yesterday mounted a series of attacks on car makers for snubbing his plan to roll back Obama-era fuel efficiency rules, singling out Ford for instead siding with a California state deal which proposes stricter emissions standards. Read [...]
Trump scraps Denmark trip over Greenland grudge August 21, 2019 Donald Trump has cancelled his trip to Denmark after the Danish Prime Minister told him Greenland was not for sale. Over the weekend Mette Frederiksen shrugged off the US President’s suggestion that he buy the island – which is a semi-autonomous Danish territory – as a joke and dubbing it “an absurd discussion”. But Trump [...]
Give Corbyn some credit – he helped to deliver Brexit August 20, 2019 When the history books are written, Boris Johnson may well be remembered as the man who delivered Brexit. But there is someone else who would deserve almost as much credit for Britain’s departure from the EU: Jeremy Bernard Corbyn. Admittedly, Corbyn’s current role in enabling Brexit is mostly involuntary. It turns out that he is [...]
Tory MP Oliver Letwin rules out backing Jeremy Corbyn to be caretaker Prime Minister August 17, 2019 Sir Oliver Letwin has ruled out supporting Jeremy Corbyn to become a caretaker Prime Minister in order to avoid no-deal Brexit. The senior Tory MP said having Corbyn in charge would do more damage than leaving the EU without a deal would. Read more: Corbyn fails to drum up support for plan to block no-deal [...]
German finance ministry warns no-deal Brexit a ‘high probability’ August 17, 2019 The German government believes there is a “high probability” that a no-deal Brexit will occur on 31 October. An assessment made by the finance ministry came to the conclusion it is “inconceivable” that Prime Minister Boris Johnson softens his stance on the Irish backstop. Read more: Corbyn fails to drum up support for plan to [...]