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Trump rolls back tariffs on dozens of food products
Posted onUS President Donald Trump has signed an executive order allowing a range of food products, including coffee, bananas and beef, to escape his sweeping tariffs. The move comes as his administration faces mounting pressure over rising prices. While Trump previously downplayed concerns about the cost of living, he has focused on the issue since his…
Royal Mail fined £21m by Ofcom for missing delivery targets
Posted onEmer MoreauBusiness reporter Getty Images A quarter of all first-class post was delivered late last year Royal Mail has been fined £21m after almost a quarter of first-class post arrived late, Ofcom has announced. It is the third-largest fine the communications watchdog has ever issued and follows its investigation after Royal Mail missed its targets…
US inflation rises ahead of key interest rate decision
Posted onDanielle KayeBusiness reporter Reuters US inflation rose in August at the fastest pace since the beginning of the year ahead of a key Federal Reserve meeting where it will decide whether to cut or hold interest rates. Consumer prices increased 2.9% in the year to August, up from 2.7% the previous month, according to the…
Labubu dolls made up 90% of fake toys seized at UK border
Posted onLabubu dolls made up 90% of the £3.5m worth of fake toys seized at the UK border so far this year, according to Home Office data. Labubu is a quirky monster character created by Hong Kong-born artist Kasing Lung, and popularised through a collaboration with toy store Pop Mart. Although they are mainly marketed as…
