Online orders paused and missing items – what we know about the M&S cyber chaos
Online orders paused, food items missing from shelves – here’s what we know about the chaos at M&S.
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Big investors borrow against private equity holdings amid cash crunch
Pensions and endowments turn to ‘net asset value’ loans to fund cash payouts as deal markets seize up
No Ken do: Trump says US kids may get ‘two dolls instead of 30’ due to tariffs
President acknowledged his tariff war with China could lead to a toy shortage and costlier products
Donald Trump on Wednesday acknowledged that his tariffs could result in fewer and costlier products in the United States, saying American kids might “have two dolls instead of 30 dolls”, but he insisted China will suffer more from his trade war.
The US president has tried to reassure a nervous country that his tariffs will not provoke a recession, after a new government report showed the US economy shrank during the first three months of the year.
Franklin Templeton to list $1.7bn of Uzbekistan state assets
Fund manager aims to put central Asian state on global investors’ radar with privatisation drive
Trump’s tariffs: ‘It feels like Covid 2.0. So many things are getting disrupted’
Pittsburgh residents, workers and business owners react to the increasingly fraught trading reality now upending supply chains and hitting prices
“In a lot of ways it feels like Covid 2.0. So many things are getting disrupted so quickly.” Like so many businesses across Donald Trump’s America, Matt Katase’s craft brewery, Brew Gentleman, is having to contend with a bafflingly uncertain trading environment.
The brewery’s chief operating officer, Alaina Webber, says: “For the first time, as a company in operation going on 15 years, we’ve started to get explicit emails that say: ‘On this existing order, you are now going to see a 30%, then to a 130% increase.’”
Tesla denies search for new boss to replace Musk
The electric car firm says a report that it is hunting for a successor is “absolutely false”.