Treasury reappoints Nikhil Rathi as head of UK financial watchdog
The former LSE chief is the first FCA head to be given a second five-year term
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FTSE 100 index jumps 6% as Trump’s tariff U-turn sparks market rally – business live
China’s 84% retaliatory tariffs on US goods come into effect on Thursday, but there’s relief that Trump has paused levies against most countries
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- US-China trade war intensifies as Beijing’s tariffs come into effect after Trump pause
China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.
In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said.
Trump tariff pause brings relief for global stock markets
Markets across Asia rise, with signs that trade war may not be as damaging to global economy as feared
Donald Trump’s surprise decision to pause the hefty tariffs he had just imposed on dozens of countries brought relief for battered global stock markets, even as he ratcheted up a trade war with China.
Markets across Asia rose sharply on Thursday on signs that the US president’s trade war may not prove as damaging to the global economy as feared.
Tesco expects lower profits amid price war fears
Its forecasting profits of between £2.7bn and £3bn compared with the £3.1bn it made for the financial year that’s just ended.
Global stocks soar as Trump backs down from trade war
Washington pauses most tariffs against countries that have not retaliated but increases levies on China