Shell says it would rather buy back its own shares than bid for BP
First-quarter profits drop 28% but Shell maintains $3.5bn-a-quarter buyback rate
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Trump has added a political risk premium to US assets
Parking money in America is no longer the routine, fuss-free, neutral option
Peter Navarro: the economist who has outsmarted Elon Musk and has the ear of Donald Trump
US president’s chief trade adviser is intellectual driving force behind global tariffs and trade war with China
Elon Musk called him “dumber than a sack of bricks” but, in the raw contest for political power, Peter Navarro has outsmarted the billionaire.
The tumult in global trade shows that for now it is the 75-year-old economist, not Musk, who has Donald Trump’s ear in the Oval Office.
China calls on Trump to cancel tariffs to secure talks
China calls for sweeping Trump tariffs to be cancelled if US is serious about resolving trade war.
UK financial watchdog cuts fees for first time
Move by FCA reflects record amount of money it will keep from penalties issued to companies
Unilever and Nestlé indicate more price increases may be on way amid market uncertainty
Donald Trump’s tariff war and cost inflation are adding to pressures reflected in the prices of everyday goods
Unilever and Nestlé have raised prices for consumers – and indicated further increases could be on the way amid cost inflation and Donald Trump’s tariff war.
Fernando Fernandez, the new boss of the Marmite, Dove and Domestos owner, Unilever, said the company had “seen some commodity inflation returning” in recent monthsthat could flow through to more price rises. However, Unilever will be “very cautious” in its approach, Fernandez said, with increases the “last resort to which I go. Before that we will try to manage our cost base”. Unilever put up its prices by an average 1.7% in the first three months of this year.