Worst week for US stocks since Covid crash as China hits back on tariffs
Stock market turmoil deepened on Friday, as China hit back at tariffs announced by US President Donald Trump, raising the likelihood of an extended trade war and damage to the…
Luton airport expansion approved by government
London Luton Airport hopes to almost double annual passenger numbers to 32 million by 2043 after the government approved expansion plans, including a new terminal. It came despite the Planning…
UK draws up list of US products it could hit with tariffs
The UK government is drawing up a list of US products it could hit with retaliatory tariffs after President Donald Trump announced a wave of new import taxes. This is…
Trump tariffs trigger steepest US stocks drop since 2020 as China, EU vow to hit back
Global stocks have sunk, a day after President Donald Trump announced sweeping new tariffs that are forecast to raise prices and weigh on growth in the US and abroad. The…
Trump announces tariffs on NI and Irish goods
Northern Ireland goods entering the US will face a 10% tariff from Thursday after President Donald Trump imposed a sweeping round of protectionist trade measures. Companies in Northern Ireland sell…
Could electric drones you can sit in take off?
Imagine an electric drone mixed with a fixed wing plane – that is the concept behind a new two-seater aircraft being developed by start-up company, Skyfly. The Axe promises the…
Thames Water picks private equity firm as preferred buyer
Thames Water has picked US private equity giant KKR as its “preferred partner” to buy the troubled water utility firm. The planned investment by KKR would help it deal with…
Plan to raise protection on savings to £110,000
A proposed change to banking rules will increase significantly the amount of savers’ money that is protected when a bank or building society goes under. The planned increase takes into…
Primark boss quits after woman complains about his behaviour
Primark boss Paul Marchant has resigned following an allegation by a woman about “his behaviour towards her in a social environment”. Associated British Foods (ABF), which owns Primark, said following…
UK expects to be hit by Trump tariffs, No 10 says
The UK is expecting to be hit by new US tariffs on Wednesday, with Downing Street indicating a deal to exempt British goods will not be reached in time. US…