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Tesco to slash additional costs by £500m as tax burden mounts.

Tesco to slash additional costs by £500m as tax burden mounts, in a move aimed at protecting its competitiveness in a price war with rival supermarkets. Tesco to Cut Further £500m in Costs Amid Rising Tax Burden Britain's largest grocery retailer, Tesco, has announced plans to slash a further £500m in...

Uncertainty Over Global Trade Policies Drives Flight of Bitcoin and Ether from Exchange-Traded Funds

Bitcoin and ether prices surged as investors fled spot ETFs amid global trade policy uncertainty, despite a risk-reset on Wall Street. Crypto Investors Flee Spot Bitcoin, Ether ETFs Amid Tariff-Driven Uncertainty The withdrawals took place even as prices zoomed higher alongside a risk-reset on Wall Street. Uncertainty Drives Investor Outflows BlackRock's IBIT led...

UK Parliament Seeks New Revenue Stream for Television Industry

The UK Parliament is seeking a new revenue stream to support British high-end TV production, with a proposed fund that would see streaming services pay 5% of their UK subscriber revenue into the cultural sector. A share of the revenue streaming services make from subscription fees should be paid into...

Will Apple’s Global Strategy Be Tested by Rising Chinese Trade Tensions?

As China's trade tensions with the US escalate, Apple is bracing for a $999 iPhone built in India to become even more expensive due to tariffs. Will Apple's global strategy be tested by rising Chinese trade tensions? Navigating 125% Tariffs on China-Made iPhones The current levies on Chinese imports stand at...

The Impact of Tariffs on Consumer Prices

President Trump's recent tariff announcement is expected to significantly impact consumer prices, with some everyday items like t-shirts and rice facing price hikes of up to 30%. How Tariffs Affect Prices: A Breakdown of the Numbers The recent announcement by President Trump to reset his most extreme tariffs has sent shockwaves...

The Impact of Tariffs on Global Trade Under the Trump Administration

As the US and China engage in a trade war, President Trump's tariffs are expected to significantly disrupt global trade, increase prices for consumers, and have far-reaching implications for the world economy. Tariffs are taxes charged on goods bought from other countries. They typically take the form of a percentage...

Crypto Markets Experience Surge Following Trump’s Tariff Halt Announcement

A surge in crypto stocks, including Strategy's 25% gain and Coinbase's 21%, follows President Trump's announcement of a 90-day pause on punitive tariffs. Bitcoin climbs above $82,000, up more than 6% over the past 24 hours. Crypto Stocks Soar as Trump Tariff Pause Leads to 25% Gain for Strategy The recent...

British Steel’s Survival Talks Teeter on the Brink of Collapse

British Steel's Survival Talks Teeter on the Brink of Collapse as Government Officials and Chinese Owner Jingye Reach a Deadlock Over Raw Materials Funding. The fate of Britain's steel production hangs in the balance as talks between government officials and British Steel's Chinese owner, 'Jingye' , have reached a deadlock....

UK and India Close in on Comprehensive Free Trade Deal

The UK and India have made significant progress in their free trade agreement, with 90% of the deal agreed upon, paving the way for dramatic tariff reductions on scotch whisky and car exports to India. The UK and India have made significant progress in their free trade agreement, with 90%...

UK Mortgage Lenders Follow US Lead, Cut Rates Amid Trade Tensions

As US tariffs continue to impact the global economy, UK mortgage lenders are following suit by cutting rates in a bid to mitigate risk and encourage spending. With economists predicting four rate cuts over the next 12 months, borrowers can expect even more competitive deals on the horizon. A growing...

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