Browsing: Business

UK faces trade disruption as Trump announces new tariffs on pharmaceuticals, trucks and films, straining bilateral ties and impacting key export sectors.

With $921B in interest paid by developing countries, UNCTAD calls for trade stability, lower debt costs, and digital inclusion at UNGA80.

US exempts European polished diamonds from 15% tariffs under new trade deal, reinforcing Antwerp’s role in the global diamond supply chain.

EU recorded a €23 billion high-tech goods trade surplus in 2024 as exports rose to €501 billion and imports dipped to €478 billion, reversing a four-year deficit.

Eurostat reports EU global sporting goods trade reached €18.1B in 2024, led by China for imports and US for exports in key product categories.

Amazon to close all 19 Amazon Fresh stores in the UK, converting five to Whole Foods Market and expanding online grocery operations nationwide.

Gold prices hit record highs near $3,791 per ounce as markets respond to U.S. rate cuts, dollar weakness, and strong safe-haven investment flows.

OECD lifts 2025 global growth forecast to 3.2 percent but warns U.S. tariffs, slowing demand and trade tensions could weigh on economies in 2026.

Trump and Starmer signed a £150 billion tech deal during a UK state visit, reinforcing economic and strategic ties between the US and UK at Chequers.

The European Central Bank and EU states near a deal on the digital euro, granting member nations power to set wallet limits under a new legislative framework.