Japan shares surge after Toyota spurs hopes for wider corporate shake-up
Investors bet carmaker’s proposed $42bn take-private bid for parts unit could trigger more deals for subsidiaries
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Trump revokes licences for BP and Shell projects in Venezuelan waters
Washington’s decision could leave Trinidad and Tobago’s Atlantic LNG project vulnerable to gas shortages
China retaliates with 84% tariffs as Trump says ‘great time to move companies to the US’ – business live
Stock markets down in UK and across Europe after steep declines in Asia, while turmoil spreads to bond market
- China announces 84% tariffs on all US goods in response to Trump’s 104%
- Bank of England warns Trump tariffs threaten global growth and raise risk of ‘severe shocks’
Today’s tariffs follow Trump’s 10% tariff on all imports from many countries, including Australia, which came into effect at the weekend.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday. Today’s measures are higher levies on goods from 57 larger trading partners.
Europe’s stock market optimism wilts after tariff shock
Investors shift focus from fiscal stimulus to prospect of recession as indices give up gains
Sainsbury’s profit set to dip as price war looms
The supermarket giant forecasts pressure on profits as competition for customers intensifies.
Shares in chocolate maker Barry Callebaut plunge to 12-year low
World’s largest cocoa processor revises down sales forecast and warns on price volatility