In his speech to the Labour party conference in 2005, Tony Blair used a seasonal analogy to make the case for embracing disruptive but inevitable change. “I hear people say we have to stop and debate globalisation,” Mr Blair told delegates. “You might as well debate whether autumn should follow summer.” Twenty years on, to…
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike Blake Mike Blake | Reuters Restaurant stocks fell in morning trading Monday, fueled by investors’ fears that a recession is coming. U.S. stocks have tumbled for three consecutive days after President Donald Trump shocked the markets with high…
Keir Starmer has announced sweeping measures to support the car and pharmaceutical industries, as he said Britain faced a “changing and completely new world” after Donald Trump’s tariffs. The prime minister warned of an “age of insecurity” as stock markets tumbled for a third day after the US president announced blanket import taxes on countries…
The UK has lost an attempt to keep details of a legal battle with Apple away from the public. The investigatory powers tribunal, which investigates whether the domestic intelligence services have acted unlawfully, on Monday rejected a bid by the Home Office to withhold from the public the “bare details” of the case. A judgment…
The European Union is willing to talk to the Trump administration about the sweeping import tariffs announced last week, the European Commission president, Ursula von der Leyen, has said. She also said Brussels was ready to take countermeasures if necessary. Euro-area short-dated yields hit a fresh two-and-a-half-year low on Monday as fears about the economic…
The European Union is willing to talk to the Trump administration about the sweeping import tariffs announced last week, the European Commission president, Ursula von der Leyen, has said. She also said Brussels was ready to take countermeasures if necessary. Euro-area short-dated yields hit a fresh two-and-a-half-year low on Monday as fears about the economic…
Starmer says he remains committed to manifesto pledge not to raise income tax, VAT or employee NICs Q: Will you stick to your pledge not to raise income tax, national insurance or VAT? Starmer says that is a commitment he will keep. He says the government cannot just reach for taxes when it needs money;…
British Gas will take on 90,000 customers left without an energy supplier after Rebel Energy went bust earlier this month. On Sunday, the industry regulator for Great Britain, Ofgem, appointed British Gas to begin supplying gas and electricity to 84,000 household customers and 6,000 businesses. British Gas saw off competition from other energy companies to…
A Spirit Airlines aircraft prepares to depart from the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty Images Ted Christie, CEO of Spirit Airlines, is stepping down from his role leading the embattled carrier, effective Monday, the company said. A group of several company executives — Chief Financial Officer…
The JP Morgan chief executive, Jamie Dimon, has warned that it may be “hard to reverse” the effect of Donald Trump’s tariffs, which he said would drive prices higher and make a US recession more likely. The boss of the US bank said in his annual letter to investors that while there were some “legitimate…
