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…
Trump’s tariffs are ‘a typical act of unilateralism, protectionism, and economic bullying,’ Lin Jian, a spokesperson for the Chinese foreign ministry, has said. Trump has slapped China, the world’s second-biggest economy, with additional 34% tariffs, bringing the total new levies on the country this year to 54% and the overall tariff rate to 74%, UBS…
Donald Trump supporter and billionaire fund manager Bill Ackman has said the president is losing the confidence of business leaders and should pause his trade war – which could cause an economic collapse while damaging his supporters the most. “The president has an opportunity to call a 90-day time out,” Ackman said on Sunday in…
British businesses face a greater risk of legal action if they follow their US counterparts in ditching efforts to improve diversity and inclusion in the wake of Donald Trump’s return to office, the UK’s leading authority on employment law has warned. The Employment Lawyers Association (ELA), which has 7,000 members, has said British companies could…
FTSE 100 plunges 6% to one-year low Britain’s stock market has plunged deep into the red at the start of trading. Stocks are sliding sharply again, adding to last week’s heavy losses, as investors grow more fearful that Donald Trump’s trade policies will lead to recession. In London, the FTSE 100 index of blue-chip stocks…
I received a £170 penalty charge notice (PCN) after being scammed by fake parking stewards while attending a football match at Old Trafford. This must be affecting unsuspecting fans at every match. I had been directed to park on a nearby street by men wearing hi-vis jackets with “official match day parking” written on them.…
UK house prices have suffered their steepest decline in a year as the market cools after a buyer rush to beat changes to stamp duty changes in England and Northern Ireland. The average price of a property fell by 0.5% last month to £296,699, the steepest decline in value since March last year, according to…
Consumers and travellers will face higher prices after the Australian dollar fell to Covid-era lows, as markets reel from Donald Trump’s “liberation day” tariff plan. Fears of a global recession dragged the Australian dollar sharply lower on Monday against the country’s major trade partners and to its lowest point against the Euro, pound and US…
US President Donald Trump said that he won’t back down on his sweeping tariffs on imports from most of the world unless countries even out their trade with the US, digging in on his plans to implement the levies that have sent financial markets reeling and raised fears of a recession. Speaking on Air Force…
