Europe’s leaders have raised the pressure on Donald Trump to involve Ukraine in a planned summit with Vladimir Putin, as Germany warned the White House against any deal hatched “over the heads of Europeans and Ukrainians”. Speaking before a bilateral meeting expected to take place between the US and Russian...
UK Private rents drop for first time in five years
Average private rents in Great Britain have fallen for the first time in five years as lower mortgage rates helped take some of the heat out of the rental sector, data shows. Years of above-inflation increases in rents have put the squeeze on many households but the estate agent Hamptons...
UK firms hiring intentions remain at record low amid rising employment costs
UK businesses are keeping recruitment plans at record lows as they grapple with rising employment costs, economic uncertainty, and slowing demand — a trend hitting young workers hardest. Three separate surveys released Monday showed declining hiring activity, weaker pay growth, and fading business confidence. Many company leaders described themselves as...
Charging ahead: will the UK’s new electric vehicle grant work for you?
Industry experts hope the new subsidy will boost Britain’s EV market – but not all models will be eligible. Is it time to go electric? The UK car industry certainly thinks so and is readying for a surge in demand as a new subsidy scheme cuts the price of some...
Trump says he will meet Putin despite Kremlin’s refusal to talk to Kyiv
US president contradicts reports Putin meeting Zelenskyy was a precondition of a US-Russia summit Donald Trump has said he is ready to meet Vladimir Putin despite the Russian leader’s refusal to meet Ukraine’s leader – dispelling speculation that direct talks between the two warring presidents were a precondition of a...
UEFA Grants €10.8M to Russian Clubs
Five Ukraine clubs failed to win similar payments due to allegedly being located in ‘zone of military operations’. Uefa has paid more than €10.8m (£9.4m) in “solidarity” funds to Russian football clubs since they were banned from taking part in European tournaments after the Kremlin’s invasion ofUkraine. The payments were...
Barclays follows HSBC in exit from banking industry’s net zero alliance
US banks have already pulled out of NZBA, the UN environment programme’s finance initiative Barclays has become the second UK bank to withdraw from a UN-backed net zero target-setting group, claiming that a wave of defections by international lenders meant it was no longer fit for purpose. It marks a...
UK services sector has biggest fall in orders for nearly three years
Figures add to pressure on Bank of England to cut interest rates when it meets on Thursday The UK’s dominant services sector has reported its biggest drop in new orders in almost three years in July, adding to pressure on the Bank of England to cut interest rates on Thursday....
Trump’s new tariffs – from India to Taiwan
The US president’s increased ‘reciprocal’ tariffs on dozens of countries came into effect at a minute past midnight Washington time on Thursday. “Reciprocal” tariffs ranging from 10% to 41% on imports into the US from dozens of countries have come into effect, as part of Donald Trump’s accelerating trade war....
New Trump tariffs come into effect
Donald Trump’s latest wave of ‘reciprocal’ levies were in place as of a minute past midnight Washington time on Thursday. Dozens of countries face higher taxes on their exports to the US now that Donald Trump’s latest wave of country-specific tariffs has come into force. The sweeping “reciprocal” levies announced...