Cheaper China e-bikes ‘kick in teeth’ for UK firms
A government decision to scrap tariffs on Chinese e-bikes coming into the UK has been described as a “kick in the teeth for British manufacturing”. Border taxes were imposed on…
Low growth and rising prices – it’s looking gloomy for the UK
Another cut in interest rates, and the surprise here was that more consideration was given to a bumper half a percentage point cut in rates today, as the UK’s economic…
Google remakes Super Bowl ad after AI cheese gaffe
Google has re-edited an advert for its leading artificial intelligence (AI) tool, Gemini, after it overestimated the global appetite for Gouda. The commercial – which was supposed to showcase Gemini’s…
When will interest rates go down again?
The Bank of England has cut interest rates from 4.75% to 4.5%, their lowest level for 18 months. It is the third cut since August 2024, but the Bank said…
Bank cuts interest rates and slashes growth forecast
The Bank of England has halved its growth forecast for this year as it cut interest rates to the lowest level for more than 18 months. The economy is now…
Evelyn de Rothschild left bank after misconduct claim
The famous financier Sir Evelyn de Rothschild left the bank which bears his family name after an investigation into sexual misconduct in 2003, it has emerged. De Rothschild, who died…
China challenges Trump tariffs as ‘discriminatory’
China has accused the US of making “unfounded and false allegations” about its role in the fentanyl trade to justify tariffs on Chinese products. The complaint was lodged with the…
Australia bans DeepSeek on government devices over security risk
Australia has banned DeepSeek from all government devices and systems over what it says is the security risk the Chinese artificial intelligence (AI) startup poses. DeepSeek stunned the world in…
Five ways China is hitting back against US tariffs
The trade war between the world’s two biggest economies has escalated after China hit back against the introduction of tariffs by the US with measures of its own. Beijing has…
The opening salvos have been fired in Trump’s trade war – what comes next?
Just a day ago, Donald Trump was threatening a multi-front trade war with Canada, Mexico and China that would take the global economy into uncharted territory. Twenty-four hours later, we’re…