UK exports to U.S. plunge by 25% after Trump’s ‘liberation day’ tariffs blitz
The U.K. is now running a trade deficit with its largest trading partner.
Economic news
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Fed dissenters explain ‘no’ votes, saying they disagreed with hinting next move would be a cut
Federal Reserve officials who voted this week against the post-meeting statement said they didn’t think it was appropriate to signal that the next interest rate move would be lower.
My latest portfolio revealed
Now the Bank of England has called the top, I’ve never been so bullish about stocks
Governments start daring to say the energy F-words
First global conference on the transition from fossil fuels speeds the erosion of a needless taboo
Exxon and Chevron defy Trump pressure to boost oil production
US supermajors stick to prewar strategies despite White House plea for more drilling to curb soaring petrol prices
Private credit group Ares draws nearly $20bn from investors
Real estate and infrastructure commitments help offset weakness in group’s core business