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Watch: Are Trumps tariffs delivering on his objectives?
Tariffs have never been far from the headlines during President Trump’s second term in office and another raft of these import taxes has just come into force. So are US households really paying 1.5% more because of them? The BBC’s Samira Hussain explains how tariffs are affecting the US economy, who pays the price, and…
Interest rates expected to be held as Budget looms
Kevin PeacheyCost of living correspondent Getty Images Policymakers at the Bank of England are widely expected to hold interest rates at 4% following their final meeting before the chancellor’s Budget. Some Bank watchers have suggested that the latest inflation data could strengthen the case for a cut, but most commentators think such a move is…
Watch: BBC explains closing arguments of the Musk-Altman trial
Over the past three weeks, Elon Musk and his lawyers have argued in a California federal court that Sam Altman – with whom he founded OpenAI – has swindled him out of millions of dollars and reneged on the ChatGPT-maker’s original non-profit mission. Musk and Altman themselves testified in a case in which the future…
China accuses US of ‘double standards’ over tariff threat
Donald Trump’s latest threat to impose an additional 100% tariff on Chinese goods is “a typical example of US double standards”, China’s government has said. A Commerce Ministry spokesperson also said China could introduce its own unspecified “countermeasures” if the US President carries out his threat, adding it was “not afraid” of a possible trade…
New car sales hit 2m, but EV discounts cant go on, warns SMMT
Theo LeggettBusiness Correspondent Getty Images Government discounts for electric vehicles are “unsustainable”, a major motoring group has warned, as the number of new cars registered in the UK exceeded two million last year for the first time since the pandemic. Nearly 500,000 of the new cars sold were electric, according to new figures from the…
Reeves urged to make Budget ‘bold’ or risk future tax rises
The chancellor should be “bold” in next month’s Budget or risk future spending cuts and tax rises, an influential think tank has said. The Institute for Fiscal Studies (IFS) is projecting Rachel Reeves will need to find £22bn to make up a shortfall in the government’s finances, and will “almost certainly” have to raise taxes….
