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Trump tariffs: The uncertainties facing businesses and consumers after tariff changes
Posted onUS economist Bernard Yaros pointed out that Trump has already used Section 232 of the Trade Expansion Act of 1962 to introduce industry-specific tariffs on sectors including vehicles, steel and aluminium, and noted that “the Department of Commerce has launched Section 232 investigations into pharmaceuticals, semiconductors, critical minerals, and aircraft”.
What its like to ride in Ubers new self-driving taxis in London
Posted onLondoners are able to hail the UK’s first robotaxis – as Uber today becomes the first company to launch a self-driving minicab. Initially, it only has 15 autonomous vehicles with a licence to operate in the city, and each one must have a human safety driver behind the wheel ready to take control if anything…
Environment Secretary: South East Water boss should not get bonus
Posted onThe boss of South East Water (SEW) should not receive a bonus after tens of thousands of its customers were recently left without water, the Environment Secretary has said. David Hinton was awarded £115,000 last year on top of his £400,000 salary, and his bonus is in line to more than double this year. That…
UK inflation pushed up by petrol and diesel price rises
Posted onThe rise in inflation means it has moved further away from the Bank of England’s 2% target. The bank uses interest rates to control inflation. The rate currently stands at 3.75% and the Bank of England is meeting on Thursday to decide whether to change it. Prime Minister Andy Burnham said on Wednesday inflation is…
