Breaking News

Yemen’s Houthi fighters down $200m worth of US drones in under six weeks
US loses drones in Yemen as rising civilian toll fuels backlash over Trump’s air campaign.

UK Retail Sales Were Soaring Before US Tariffs Rocked Confidence
Britain’s economy posted its strongest retail sales since 2021 in the first quarter, before consumer confidence was sent sliding by Donald Trump’s tariffs.

South Korea’s Lead Presidential Candidate Eyes Trade, Pragmatism
The frontrunner in South Korea’s presidential race, Lee Jae-myung, aims to prioritize trade talks with the US and the compilation of another extra budget to shore up Asia’s fourth-largest economy if he wins the June 3 election.

Reeves working 'flat out' to get US trade deal
The chancellor is set to meet her US counterpart to make the case for a bilateral trade deal.

Why the Post Office paid £600m to stay shackled to the faulty Horizon system
Not owning crucial code has meant it has been unable to replace the system that led to a scandal.

China Considers Tariff Exemptions on Some US Goods
China’s government is considering suspending its 125% tariff on some US imports such as medical equipment and some industrial chemicals like ethane, people familiar with the matter said. The exemptions China is mulling mirror similar moves on the part of the US, which excluded electronics from its 145% tariff on

ECB’s Holzmann Sees Disinflationary Impact From US Tariffs
European Central Bank Governing Council member Robert Holzmann said the fallout from the US tariff announcements will probably weigh on consumer prices in the euro zone rather than create a new bout of inflation.