Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite
Shipments from China to the U.S. west coast appear poised to drop sharply in May.
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Trump tariffs will push up bad loans for lenders, BoE warns
PRA chief Sam Woods says regulator is monitoring impact of import taxes on lenders
Pemex suppliers face ‘critical moment’ as Mexican oil group’s bills go unpaid
The company owed its providers $25bn at the end of 2024, up from $7.6bn at the end of 2018
Adidas warns it will raise prices on all U.S. products due to tariffs
“Higher tariffs will eventually cause higher costs for all our products for the US market,” Adidas said in a statement.
M&S stores left with empty shelves after cyber attack
The BBC understands M&S’s operations will take until the end of the week before beginning to return to normal.
BP profits halve as oil major struggles to turn around business
FTSE 100 group plans to sell at least $3bn-$4bn of assets this year as it seeks to reduce debts