Introduction: China’s Xi urges global CEOs to protect trade as Trump tariffs loom Good morning and welcome to our rolling coverage of business, the financial markets and the world economy. Anxiety over Donald Trump’s plan to announce a barrage of tariffs on trading partners next week is gripping the global economy, and the markets. China’s…
Chelsea FC owner and chair Todd Boehly is considering making a bid for the owner of the Scotsman and Yorkshire Post, in a move seen as a precursor to making a potential offer for The Telegraph. National World, the London-listed owner of more than 100 regional titles, said it had received confirmation that Boehly-controlled Eldridge…
Retail sales in Great Britain rose last month amid a sharp increase in consumers spending at department stores, hardware shops and clothes outlets. Reflecting a stronger economic backdrop than feared, figures from the Office for National Statistics (ONS) showed sales volumes rose by 1% on the month, although spending at supermarkets fell after a bumper…
WH Smith is to sell its 480 retail stores to the Hobbycraft owner, Modella Capital, in a deal worth £76m, and has confirmed that the 233-year-old brand will disappear from the high street after a “short transitional period”. Under the terms of the deal, the high street business, which employs 5,000 staff, will be rebranded…
Stow-on-the-Wold, Gloucestershire This Grade II-listed, 18th-century cottage is just 245 metres from the middle of town and a vast array of places to eat. The charming property has a tiled hallway and a country-style kitchen. It is currently being used as a holiday let. Popular pubs and restaurants are on the doorstep, such as the…
Canada’s prime minister, Mark Carney, has said the era of deep ties with the US ‘is over’, as governments — from Tokyo to Berlin and Paris — sharply criticise Donald Trump’s sweeping tariffs on car imports. ‘We will respond forcefully,’ Carney said. ‘Nothing is off the table to defend our workers and our country.’ End of an…
Lululemon store in Manhattan, New York City, U.S., on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. On an Thursday earnings call, CEO Calvin McDonald said the athletic wear company conducted a survey earlier this…
The City trader jailed for Libor rigging in 2015 has said he believes he was convicted during a “morality trial” of bankers’ conduct, as he concluded his fight to clear his name at the UK’s highest court. Speaking after a three-day hearing at the supreme court in London on Thursday, Tom Hayes said his original…
Peyton Manning on Sunday, February 16, 2025. Theo Wargo | NBCUniversal | Getty Images Peyton Manning has a new business partner. A new platform run by Patrick Whitesell, the former executive chairman of Endeavor, has acquired a minority stake in Manning’s Omaha Productions. The stake, which is approximately 10% of the company, values Omaha Productions…
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico, on Feb. 11, 2021. Daniel Becerril | Reuters As auto stocks reacted to the latest tariff announcement out of Washington, D.C., on Thursday, General Motors took the brunt of the hit. Shares of…
