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US tariff policy hasnt changed, says Trumps trade representative
On the day that Trump announced the IEEPA tariffs last April, the tariffs on his products went from zero to 30%, Smeaton told BBC Radio 4’s Today programme. Afterwards, they went up to 100%, then 145%, and eventually a rate of 30% was paid. This later changed to 20% and, for a few hours on…
High street shops selling illegal tobacco raided in Inverness
Trading Standards officers in Scotland say they need extra powers to help tackle what they describe as an “explosion” of illegal tobacco sales in high street shops. The products include counterfeit cigarettes or those smuggled into the country to avoid tax. Trading Standards link the UK-wide problem to organised crime. The Scottish government said illicit…
JLR job cuts a cause for uncertainty and worry
News that Jaguar Land Rover (JLR) was to cut 4,000 jobs was a cause for uncertainty and stress for company workers and those in the wider supply chain, experts have said. Prof David Bailey from the Birmingham Business School said he worried it could limit the company’s ability to innovate in the future while David…
Microsoft cuts 4,800 jobs and shrinks Xbox in significant restructure
Microsoft has announced it has cut 4,800 jobs – roughly 2.1% of its workforce – with Xbox to bear a large number of its latest layoffs. Amy Coleman, executive vice president at Microsoft, told employees in a memo that the tech giant needed to focus on areas that can deliver for customers amid a “fast-changing…
