New rules result in near absence of ‘sustainable’ passive funds
Average fees for active funds are seven times higher than trackers
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Lessons from Canada’s carbon tax saga
Economists had presented the model as a powerful tool for lowering emissions
How Trump tariffs could push Vietnam into the arms of China
The move has sent shockwaves through a region of US strategic importance that had respected Trump as tough on Beijing
Vietnam had tried to appease Donald Trump: tariffs on US goods were reduced; regulations were passed to allow Elon Musk’s SpaceX to launch its Starlink in the country. The prime minister, Pham Minh Chinh, even joked in January that he would happily “play golf all day long” at Trump’s Mar-a-Lago home in Florida if it could “bring benefits to my country and my people”.
The strategies do not appear to have worked. Trump has inflicted an extraordinary 46% tariff on Vietnam that threatens to devastate its economic growth plans and undermine relations between the two countries. The tariff has sent shockwaves through Vietnam, a manufacturing powerhouse where Trump has always been fairly popular, and across south-east Asia.
Europe and Asia markets plunge as Trump says ‘you have to take medicine’
US president tells reporters foreign governments will have to pay ‘a lot of money’ to lift levies
Stock markets in Asia and Europe have fallen sharply on Monday after Donald Trump said foreign governments would have to pay “a lot of money” to lift sweeping tariffs that he characterised as “medicine”.
Speaking to reporters aboard Air Force One late on Sunday, the US president indicated he was not concerned about market losses that have already wiped out nearly $6tn (£5tn) in value from US stocks. “I don’t want anything to go down. But sometimes you have to take medicine to fix something,” he said.
Norway’s oil fund aims to save $400mn of trading costs using AI
Fund is one of the world’s biggest equity investors making 46mn trades a year
Gove gets peerage in Sunak’s resignation honours with knighthoods for Hunt and Cleverly – as it happened
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The care minister has defended the government’s cautious response to developments in global trade after the sweeping imposition of tariffs by the US administration in Washington.
Stephen Kinnock said “If we were to just jump in one direction or the other every time there’s a new development, we would be jumping around all over the place. I don’t think that that’s going to be in the interest of our economy or of our national security or of our business community.”