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Iran war muddles expectations of likely Federal Reserve interest rate cuts
Posted onUnlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors have trimmed bets on the number of interest rate cuts this year as surging petrol prices and a softening jobs market complicate the Federal Reserve’s ability to boost the US economy while containing inflation….
Trump announces new tariffs on trucks, drugs and kitchen cabinets
Posted onUS President Donald Trump announced a new wave of tariffs on Thursday, including a 100% levy on branded drugs that are manufactured outside the US. Washington will also impose a 25% tariffs on imports of all heavy-duty trucks and 50% levies on kitchen and bathroom cabinets, he said on his Truth Social platform. “The reason…
Why the Wests farmers are paying the price for the US – Iran war
Posted onThe war has seen large oil and gas facilities attacked and it has effectively closed a key shipping channel, the Strait of Hormuz, which runs close to the Iranian coast. One fifth of the world’s oil passes through here, so the disruption has sent global oil prices soaring, and the price of diesel has followed.
Nissan Leaf production starts in Sunderland
Posted onEve Connor,North East and Cumbriaand Andy Watson,in Sunderland BBC The new Leaf will be built in Sunderland and powered by batteries also manufactured nearby Car manufacturer Nissan has started building its new electric Leaf at its UK factory. The government said it was the first new high-volume car to be built in the country since…
Covid Inquiry to probe furlough and business loans
Posted onThe third stage of the Covid-19 Inquiry begins hearing evidence on Monday focusing on the measures taken to support workers’ incomes and keep businesses afloat when the pandemic struck. It will focus on what action the UK government, devolved administrations in Scotland, Wales and Northern Ireland, and local authorities took, how well schemes were designed…
Could a huge data centre revitalise Ayrshire – or ruin it?
Posted onLast autumn, Intelligent Land Investments (ILI) – a company with a background in clean energy development and battery storage projects – announced ambitious plans for a data cluster called the Stoics, spread across sites in Ayrshire, Lanarkshire and Fife.
