UK government has so far set aside £94mn to cover British Steel rescue
Critics warn costs could spiral into billions
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Morgan Stanley weighs move to offer crypto trading on ETrade platform
The bank’s deliberations come as President Donald Trump has taken a friendlier line on crypto than his predecessor
Watch for the ripples in otherwise calm bond markets
Despite a broad rebound in US equities since tariffs rattled the world, long-term Treasury yields have not fully followed suit
US has approached China seeking talks on Trump tariffs, says state social media
Development may be indication China is softening on beginning negotiations over American 145% tariffs
The US has approached China seeking talks over Donald Trump’s 145% tariffs, a social media account affiliated with Chinese state media has said, potentially signalling Beijing’s openness to negotiations.
“The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue,” Yuyuan Tantian reported in a post published on its official Weibo social media account, citing anonymous sources.
Half an Elon Musk is still better than none
Tesla has flouted some of directors’ most sacred tenets, and shareholders who vote have mostly approved
Trump tariffs cause fastest slump in British factory export orders in five years
Decline in output and new orders in April allied with rising uncertainty is prompting layoffs, survey finds
Britain’s factories suffered a slump in export orders last month as Donald Trump’s globally unsettling tariff regime sent overseas demand for UK goods tumbling at the fastest pace in five years.
Manufacturers reported rising economic and trade uncertainties in April as some tariffs took effect and other threatened border taxes loomed, forcing them to lay off workers for a sixth consecutive month.