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Welcome to Trump’s trade war – where no one wins because everyone just pays more for things | Greg Jericho
Wed, 27 Nov 2024, 14:00
If anyone was under any delusion that Donald Trump was not going to be as bonkers as he said he would be, then his announcement on Tuesday that he wouldslap a 25% tariff on all imports from Canada and Mexico(and deeper tariffs on China) should remove all doubt. “Tariff” has …
Nationwide’s £2.3bn takeover gain prompts criticism of Virgin Money bosses
Wed, 27 Nov 2024, 13:42
Nationwide building society has revealed a £2. 3bn gain fromits takeover of Virgin Money, prompting accusations that Virgin’s bosses decided to “take the money and run” after losing faith in the ex-chief executive David Duffy. The building society’s bosses hailed the terms of the deal on Wednesday, as it published …
‘End of an era’: Smithfield traders absorb news that London market is to close
Wed, 27 Nov 2024, 13:39
The junction at Cowcross Street marks the place where for centuries cattle were driven daily to London’s Smithfield Market. Nearby Cock Lane is another street name linked to the meat and poultry trade centred here since the 12th century, although some accounts attribute its origin to it being the only …
Aston Martin looks to raise £210m after second profit warning in two months
Wed, 27 Nov 2024, 13:32
Aston Martin has announced it is hoping to raise £210m to help boost growth and drive its electrification strategy, shortly after issuing its second profit warning in two months. The British luxury car manufacturer said it aimed to raise £110m through new shares and a further £100m by taking on …
Australia’s mission improbable: crack the genius of Jasprit Bumrah in 10 days | Barney Ronay
Wed, 27 Nov 2024, 13:18
Test cricket is supposed to be cruel. This is a key aspect of its beauty. This thing hurts. It will seek out your weakest points and then very carefully and skilfully gouge its nails into the wound. But is it meant to bethiscruel? There was something tender, painful and even …
Gukesh Dommaraju levels World Chess Championship as Ding Liren loses on time in Game 3
Wed, 27 Nov 2024, 13:02
Indian teenager Gukesh Dommaraju has scored his first win in his world title match with China’s Ding Liren after the reigning champion shockingly lost on time in the third game of their $2. 5m showdown in Singapore. Ding’s mismanagement of the clock left him with 10 seconds to make five …
Just Eat to delist from London Stock Exchange to cut costs
Wed, 27 Nov 2024, 12:25
The food delivery company Just Eat Takeaway is to delist from the London Stock Exchange to cut costs, in a further blow to the UK’s international financial standing. Just Eat will now only be listed on the Amsterdam stock market, where the company is headquartered. The company said the London …
Supermarket loyalty cards give genuine savings, says watchdog
Wed, 27 Nov 2024, 12:18
Shoppers signed up to supermarket loyalty schemes can make “genuine savings”, the competition watchdog has found, but it urged consumers to shop around to secure the cheapest prices. The Competition and Markets Authority (CMA) said it had reviewed 50, 000 products with loyalty price options and found 92% offered a …
Trump’s tariff plan will send prices ‘through the roof’, warn US firms
Wed, 27 Nov 2024, 12:00
Donald Trumpset the business and political world alight late on Monday. The incoming president said he would impose a 25% tariff on goods from Mexico and Canadaand hit Chinawith more levies on day one of his term. “This Tariff will remain in effect until such time as Drugs, in particular …
US grocery workers hit by rising prices: ‘We’re at the bottom of the food chain’
Wed, 27 Nov 2024, 12:00
Grocery prices have surged in recent years, rising byalmost 27%since the months before the pandemic. Workers inside grocery stores have been hit particularly hard. “We’re often the people down at the bottom of the food chain when it comes to wages, ” said Conor Watson, a meat cutter at a …
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