Trump order ends global tariff exemption for low-cost goods
US President Donald Trump signed an executive order ending a global tariff exemption used by shoppers of low-cost goods. The order, signed on Wednesday, comes into force on 29 August…
Airlines warn of delays after air traffic glitch
Rachel Clun Business reporter, BBC News Reuters Airlines and airports expect some delays after the technical issue grounded all departures Airlines and airports have warned of delays on Wednesday after…
US economy grows after swing in imports
Getty Images A sharp drop in imports triggered by President Donald Trump tariff policy helped boost US economic growth between April and June, according to the latest figures. The world’s…
Costs to fix cladding wipe out Taylor Wimpey’s profit
Higher than expected costs to remove cladding from Taylor Wimpey’s buildings in response to the Grenfell fire tragedy have wiped out its profits, the housebuilder has said. The company made…
Adidas to raise prices as US tariffs cost €200m
Adidas has warned that US tariffs will cost the German sportswear giant a further €200m (£173m) and confirmed that it will raise prices for American customers. Nearly half of the…
Pea shortage fears over earliest harvest in 14 years
BBC Tom Screeton from Birds Eye says this year’s harvest has been “challenging” for pea farmers Farmers fear there will be a shortage of British-grown peas in supermarket freezers after…
Starbucks ditches pickup-only shops because they ‘lack warmth’
Starbucks says it will phase out its pickup-only outlets because they “lack warmth”, as the world’s biggest coffee chain continues to shakeup its operations. The company has around 90 shops…
Thousands send Bank of England their banknote redesign ideas
Charlotte Edwards Business reporter, BBC News Bank of England The Bank of England has received thousands of responses to its appeal for ideas for the first major redesign of banknotes…
Disused railway land to be redeveloped to build 40,000 new homes
Simon Browning & Tom Espiner BBC Business reporters Getty Images Plans include building 1,500 new homes at Manchester’s derelict Mayfield railway station The UK government says first-time buyers are set…
US and China end ‘constructive’ trade talks without breakthrough
EPA The US and China have wrapped up another round of trade talks without any major breakthroughs, despite discussions that both sides described as “constructive”. The negotiations, held in Stockholm,…