Business

Liverpool Lands Chery European Headquarters in Significant Market Move

Liverpool will serve as the European headquarters for Chinese carmaker Chery's research and development operations, with the state-owned manufacturer consolidating European commercial vehicle activities on Merseyside. The facility will integrate research, engineering, and commercial functions. Chery has successfully entered the UK market through its Omoda and Jaecoo brands and is now introducing its primary Chery brand with an advertising campaign starring Peter Crouch, the former...

EasyJet Opposes EU Free Baggage Rules Citing Fleet Utilization Impact

Budget airline EasyJet has warned that European Union baggage regulations could impact fleet utilization efficiency by creating boarding delays that reduce aircraft productivity. The legislative proposal under consideration would mandate free cabin baggage across European air travel. Parliamentary votes have advanced regulations requiring airlines to provide allowances for both personal items and larger carry-on bags. The airline's leadership emphasizes that efficient fleet utilization depends on minimizing...

Monetary Easing Continues Despite Warning Signals from Food Markets

The central banking authority has delivered its fifth interest rate reduction of the year, implementing a 0.25% cut that brings the key rate to...

Tesla Acknowledges CEO’s Distractions, Awards Musk $29B to Keep Him Focused

In a controversial move, Tesla’s board of directors has approved a new $29 billion stock award for CEO Elon Musk, following the invalidation of...

Trump’s Tariffs Cast Long Shadow: UK Rate Cut a Response to Global Trade War

Donald Trump's latest round of import tariffs is casting a long shadow over the global economy, directly influencing the Bank of England's widely anticipated...

Watches of Switzerland Stock Drops on New 39% Tariff

Shares of Watches of Switzerland Group Plc fell by as much as 6% today, as the company became the first major casualty of a...

Trump and EU Strike Major Trade Deal, Averting Tariff War

The United States and the European Union have finalized a major trade agreement after months of tense negotiations, avoiding the threat of a damaging...

Chancellor Considers Overruling Supreme Court on Car Finance Payouts

The UK government is considering an unprecedented move to overrule the Supreme Court regarding a potential £44 billion car loan commission scandal. Chancellor Rachel...

EU Steel Industry Reels as U.S. Refuses to Lift 50% Tariff in New Trade Deal Draft

The European Union faces a major setback in trade negotiations with the United States, as a new draft agreement fails to reduce the punishing...

Pound Plunges to Three-Week Low on BoE’s Dovish Interest Rate Outlook

The British currency experienced its steepest decline in weeks following Governor Andrew Bailey's signal that the Bank of England is prepared to implement more...

UK Countryside Homes in High Demand as Tax Changes Shake Up Market

A wave of new council tax rules targeting second homes is fueling a surge in the UK’s rural property market. Sales of homes over...

Trump’s Trade War Gambit: 30% Tariffs Signal New Era of Economic Nationalism

President Trump's decision to impose sweeping 30% tariffs on European Union and Mexican imports represents a fundamental shift toward economic nationalism, signaling America's willingness...

Weak Dollar and Trade Optimism Fuel FTSE 100’s Historic Ascent

A confluence of a weaker U.S. dollar and pervasive trade optimism has propelled the FTSE 100 to a historic all-time high of 8,979 points....

Trump’s Copper Tariff Shock Destroys Market Equilibrium

The announcement of 50% tariffs on copper imports by President Trump has created unprecedented market conditions, with U.S. copper futures hitting record highs while...