‘I will have to raise prices by 10%’ – toymakers warn of tariff pain
The business of the North American Toy Fair, an annual showcase of the latest in silly putty, monster trucks and board games, is fun. But this year at the convention…
Abrdn adds back vowels after widely mocked rebrand
Investment firm Abrdn will add the vowels back into its name after dropping them in a rebrand that was widely mocked. The firm said it will now be called aberdeen…
Apple takes legal action in UK data privacy row
Apple is taking legal action to try to overturn a demand made by the UK government to view its customers’ private data if required. The BBC understands that the US…
Hong Kong billionaire to sell Panama Canal ports to US firm
A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm BlackRock. The…
Chancellor set to cut welfare spending by billions
The chancellor has earmarked several billion pounds in draft spending cuts to welfare and other government departments ahead of the Spring Statement. The Treasury will put the proposed cuts to…
Trump mulls exemption for some carmakers from tariffs
US Commerce Secretary Howard Lutnick has said President Donald Trump is considering a deal that would offer exemptions from tariffs on Canada and Mexico, including potentially for carmakers. The possibility…
Co-op admits unlawfully blocking rival store openings
The Co-op has admitted breaching rules to prevent rival supermarkets from opening nearby more than 100 times. The UK’s competition watchdog found Co-op had breached an order which limits supermarkets’…
UK competition watchdog drops Microsoft-OpenAI probe
The UK competition watchdog has ended its investigation into the partnership between Microsoft and the maker of ChatGPT, OpenAI. The Competition and Markets Authority (CMA) was looking into whether Microsoft’s…
US tariffs could hit UK consumers, Bank experts warn
US president Donald Trump’s tariffs could mean less money in UK consumers’ pockets, Bank of England experts have warned. Tariffs could hit growth and pose “substantial” risks to the UK…
Carmakers win reprieve from Canada and Mexico tariffs
US President Donald Trump said he would temporarily spare carmakers from a new 25% import tax imposed on Canada and Mexico, just a day after the tariffs came into effect.…