The US president has promised to target countries which charge tax on US imports by matching them with a reciprocal tariff. Donald Trump has ordered his team to start calculating duties by early April – increasing fears of a global trade war that could also accelerate US inflation. “On trade, I have decided for purposes
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Taken at face value Donald Trump’s embrace of reciprocal tariffs is a declaration of total trade war, that would amount to perhaps the single biggest peacetime shock to global commerce. In promising to levy import taxes on any nation that imposes tariffs or VAT on US exports, he is following through on a campaign promise
The Reform UK leader Nigel Farage is exploring launching private criminal proceedings against NatWest Group over the debanking scandal which resulted in the lender’s former chief losing her job. Sky News has learnt that Mr Farage has instructed Chris Daw KC of Lincoln House Chambers to examine whether there are grounds for bringing a criminal
The number of first-time buyers rose by almost a fifth last year, according to data from Halifax. The bank said 2024 saw 341,068 people buy their first properties, up by 19% from 2023. While the figures are a rebound from 2023’s 22% drop, they are not as high as they were in 2022. That year
👉 Click here to listen to Electoral Dysfunction on your podcast app 👈 Do MPs say one thing in public, and another in private? This week, Beth Rigby, Harriet Harman and Ruth Davidson ask what’s been going on with the two MPs suspended from the Labour Party over WhatsApp messages containing offensive comments. Andrew Gwynne
Teddi Mellencamp, former star of The Real Housewives Of Beverly Hills, says doctors have found multiple tumours on her brain. The 43-year-old American, who is the daughter of musician John Mellencamp, wrote on Instagram on Wednesday that she was undergoing immediate surgery to remove two of the tumours. She added the remaining smaller tumours would
Farmers forced the prime minister to cut short a visit to a housing development as they drove tractors to the site in a protest against changes to inheritance tax. Sir Keir Starmer was in Buckinghamshire to announce more than 100 new towns could be built under the government’s plans for the “largest house building programme
A “verbally incontinent spinster, who smokes like a chimney, drinks like a fish and dresses like her mother” – not an auspicious introduction to Bridget Rose Jones, but accurate. On paper, it doesn’t sound like the dream role, but Renée Zellweger disagrees, telling Sky News: “It’s the best job in the world to step into
At the start of awards season, Emilia Perez looked like it could come away as one of this year’s big success stories. First there was a slew of gongs at the Golden Globes, including best comedy or musical film, and then came the Oscar nominations – it leads the race with 13 nods, and broke
Photo: Revel New York Governor Kathy Hochul today announced it would loan $60 million to Revel to triple its EV charging infrastructure across New York City. NY Green Bank (NYGB), the state’s clean energy investment fund and a division of the New York State Energy Research and Development Authority (NYSERDA), is providing the loan to
On today’s wheelin’ and dealin’ episode of Quick Charge, we take a look at a $9,140 deal on a 2025 Nissan LEAF*** in Chicago, things you can do with a robotic lawnmower, and talk about the tough times Tesla is experiencing while its CEO asks if you’ve seen Kyle. We’ve also got some fresh new
Tesla has started production at its new Megafactory in Shanghai, its second such factory, and it is starting to ship to its first customer. Energy storage has been Tesla’s silver lining over the last few quarters. While its main business, the automotive business, has been shrinking in both revenue and margins, its energy storage business
Can Lucid (LCID) make 1 million EVs a year? CEO Peter Rawlinson said this is his vision, and Lucid has ambitious plans to achieve it. After launching its first electric SUV, the Gravity, Lucid will enter the mass market with its midsize platform starting at around $50,000. Rawlinson said this is “finally when we compete
As automakers brace for new tariffs on imports from Mexico and Canada, Ford’s CEO Jim Farley is warning the extra costs would be “devastating.” Farley said the additional tariffs, which could go into effect as soon as March 1, would be a “blow a hole” in the US auto industry. Ford CEO says Trump tariffs
Honda extended its partnership with the NHL, but it may look a little different this time. This season, NHL fans will get a good look at the Prologue EV as part of Honda’s efforts to “make the game more environmentally responsible.” Will we also catch a glimpse of its upcoming electric SUV and Saloon? NHL
Today’s Green Deals are headlined by Heybike’s early bird preorder sale on its latest ALPHA All-Terrain e-bike, a first from the brand’s Galaxy eDrive System, at $1,599. Next, we have Aiper’s Valentine’s Day sale with up to 40% discounts across its autonomous pool cleaners, like the Surfer S1 Cordless Solar Robot Pool Skimmer that has
Piles of coal waiting to be transported at Guoyuan Port container terminal in Chongqing, China. Cfoto | Future Publishing | Getty Images The world won’t be able to release its grip on coal anytime soon. “Nothing can destroy coal,” U.S. President Donald Trump said at the recent World Economic Forum. “Not the weather, not a
In this article BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT A general view of the BP logo and petrol station forecourt sign in Southend, United Kingdom, on Jan. 22, 2024. John Keeble | Getty Images News | Getty Images BP shares jumped on Monday following weekend reports that activist investor Elliott Management has built a
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024. Justin Merriman | Bloomberg | Getty Images Steel and aluminum stocks surged Monday after President Donald Trump said he will impose 25% duties on all imports of the metals into the U.S. Cleveland-Cliffs rallied nearly
The BP logo is displayed outside a petrol station near Warminster in Wiltshire, England, on Aug. 15, 2022. Matt Cardy | Getty Images News | Getty Images British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit on weaker refining margins, announcing a $1.75 billion share buyback and a pledge to “fundamentally”
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