Here’s an update on the markets, courtesy of Reuters: As the week draws to a close, there are few signs of easing investor nerves. US stock futures pointed to further weakness, with Nasdaq futures falling 0.7% while S&P 500 futures lost 0.66%. That came after S&P 500 companies lost a combined $2.4 trillion in stock…
More than 1m cars too big to fit in parking spaces are being sold in the UK each year, and numbers are growing, research has found. A trend for cars bigger than the average urban parking space means new vehicles are outgrowing towns and cities. Researchers at the campaign network Clean Cities found that, since…
This week Donald Trump announced a blanket 10% tariff on all goods imported into the US from Saturday, and higher ‘reciprocal’ tariffs on countries taxing US exports from next Wednesday. Meanwhile, the Trump administration was forced to deny that Elon Musk would be leaving his role as a special government employee soon. The reports came…
A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images) John J. Kim | Chicago Tribune | Getty Images Southwest Airlines‘ new policies such as charging for checked bags for the first time could backfire, Fitch Ratings said Thursday. Southwest is reversing its…
Meta faces a $2.4bn (£1.8bn) lawsuit accusing the Facebook owner of inflaming violence in Ethiopia after the Kenyan high court said a legal case against the US tech group could go ahead. The case brought by two Ethiopian nationals calls on Facebook to alter its algorithm to stop promoting hateful material and incitement to violence,…
For the world’s already embattled trading system, it is as though an asteroid has crashed into the planet, devastating everyone and everything that previously existed there. But there is this important difference. If an asteroid struck the Earth, the impact would at least have been caused by ungovernable cosmic forces. The assault on world trade,…
‘Nothing can be ruled out,’ Macron says about Europe’s response, floats suspending French investments in US Macron says he agrees with EU leaders that “nothing can be ruled out” in response to Trump’s move as “all instruments are on the table.” “We must do whatever is effective and most proportionate … but which also clearly…
After weeks of cosying up to Donald Trump, the UK has still been hit with 10% tariffs on exports to the US, which is bad news for the economy and the public finances. So, how tough could things get for Britain? And how should Keir Starmer’s government respond? John Harris asks the former UK ambassador…
Donald Trump is on a mission to ‘make America wealthy again’. Speaking outside the White House, he said for too long the country had been ‘looted, pillaged, raped and plundered by nations near and far, both friend and foe alike’. Now that would come to an end, he said, as he slapped eye-watering tariffs on…
A UK division of the Indian conglomerate Tata “deliberately orchestrated” a redundancy programme in a way that unfairly targeted older, non-Indian nationals, an employment tribunal has heard. Three claimants allege the Mumbai-based Tata Consultancy Services (TCS), which is valued at almost £110bn on the BSE stock exchange in Mumbai, discriminated against them on grounds of…
