US tariffs will make global trade shrink, says WTO
The Geneva-based institution says American tariffs will send international trade into reverse. Source link
The UK inflation rate has eased
Kevin Peachey Cost of living correspondent Getty Images The rate of rising prices – inflation – has eased for the second month in a row, official figures show. In March,…
Darlington food bank forced to cut staff amid funding shortage
Stuart Whincup BBC Look North BBC King’s Food Bank is having to downscale despite an increase in demand A food bank which provides thousands of free meals to struggling families…
China appoints new trade envoy in face of tariff turmoil
Suranjana Tewari Asia Business Reporter Getty Images Li Chenggang is a former World Trade Organisation and UN representative China has unexpectedly appointed a new trade envoy, as officials said the…
UK inflation falls as price of petrol drops
Faarea Masud BBC Business reporter Getty Images Falling petrol prices drove UK inflation down by more than expected in the year to March. Inflation was 2.6%, down from a rate…
Nvidia expects $5.5bn hit as US tightens chip export rules to China
Microchip maker Nvidia said it would be hit with $5.5bn (£4.2bn) in costs after the US government tightened export rules to China. The chip manufacturing giant, which has been at…
‘A number of businesses in limbo’ in China after US tariffs on imports
Companies have been sharing their concerns about the impact of US tariffs at the Canton Fair in Guangzhou, the world’s longest running import-export fair. “We’ve been hearing from several Chinese…
A UK-US deal sounds good but it is all about the detail
The real question about positive comments by Vice-President JD Vance about a UK-US trade deal, is what he actually means by the term “deal”. Just after Prime Minister Sir Keir…
China’s Xi urges Vietnam to oppose ‘bullying’ as Trump mulls more tariffs
Annabelle Liang Business reporter Getty Images Xi started his South East Asia trip in Vietnam China’s President Xi Jinping has called on Vietnam to oppose “unilateral bullying” to upkeep a…
Pay continues to grow in UK but faces pressure
Average UK pay rose by 5.9%, official data suggests, while vacancies fell to their lowest since before Covid. Wage growth is slightly ahead of the previous period and was lifted…