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...

Global Stocks: Awaiting Clarity on Iran’s Next Move

Global stock markets remained subdued on Monday, as investors cautiously awaited clarity on Iran's next move following recent US actions. The lack of clear...

London Prepares for Next Round of US-China Trade Negotiations

President Donald Trump revealed on Friday that London would be the site for the next round of US-China trade negotiations, set for Monday. This...

ECB’s “One Member” Dissent: 2% Rate Cut Reflects Strong Consensus

Despite a single dissenting vote, the European Central Bank has cut its main interest rate to 2%, reflecting a strong consensus to bolster flagging...

The China-India-US Manufacturing Triangle: Trump’s Latest Intervention

The complex China-India-US manufacturing triangle for iPhones faces Donald Trump's latest intervention, as he threatens a 25% tariff on devices not made in the...

Global Financial Tensions Mount: OECD Warns of “Tighter Financial Conditions”

Global financial tensions are mounting, with the Organization for Economic Co-operation and Development (OECD) warning of "tighter financial conditions" that pose particular risks for...

BoE’s Bailey: Trump’s Trade Actions “Blown Up” Tariff System

Bank of England Governor Andrew Bailey has strongly stated that Donald Trump's trade actions have "blown up" the long-established system of trade agreements that...

Musk’s Farewell: A Stark Reality Check for the Tech Mogul in DC

Elon Musk's farewell from Washington D.C. served as a stark reality check for the tech mogul, as his 138-day tenure as a "special government...

Trump’s Steel Tariff Shock: 50% Imposed, Nippon Deal Sparks Controversy

Donald Trump on Friday announced a dramatic increase in foreign tariffs on steel imports to 50%, while simultaneously lauding a "blockbuster" agreement for Japan's...

Tariffs Under Fire: Appeals Court Pauses Block on Trump’s Trade Policy

A federal appeals court has granted the Trump administration a temporary reprieve in its battle to maintain its broad tariff policies, pausing a lower...

Starling Bank’s £28m Gamble: When Digital Banking Innovation Meets Harsh Reality

The collision between fintech innovation and regulatory reality has reached its most dramatic expression in Starling Bank's decision to absorb £28 million in Covid...

From China Losses to Saudi Gains: Nvidia’s Shifting Global Chip Strategy

Nvidia’s upcoming earnings report on Wednesday will reveal the initial impact of U.S. chip restrictions on China, but it may also highlight the company’s...

Diplomatic Detente: Trump’s Tariff U-Turn Gives EU-US Trade Talks New Life

A significant diplomatic breakthrough occurred Sunday when US President Donald Trump announced he would delay implementing 50% tariffs on European Union goods until July...