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What is in the iconic red box?
Posted onChina announces record trade surplus despite Trump tariffs
Posted onChina announced record export numbers for 2025, a year when US President Donald Trump’s tariffs and trade policy caused turmoil in the global economy. Beijing on Wednesday reported the world’s largest-ever trade surplus – the value of goods and services sold overseas compared to its imports – at $1.19tn (£890bn). It’s the first time China’s…
Aldi warns food prices may rise if Budget lifts costs
Posted onEmma SimpsonBusiness correspondent Aldi The boss of Aldi has warned that any measures in the Budget that further increase costs on employers could lead to higher food prices. Aldi UK chief executive Giles Hurley, said the impact of last year’s National Insurance rise and the cost of new packaging rules had already “rippled through to…
US firm collapses ringing ‘alarm bells’, says Bank of England chief
Posted onThe collapse of two US companies could be a sign of wider problems in the financial system and “alarm bells” were ringing, the governor of the Bank of England has said. Andrew Bailey told a House of Lords committee that it was important to take the failure of car parts supplier First Brands and subprime…
Taiwan to ban Chinese app RedNote over fraud concerns
Posted onTaiwan says it will block access to popular Chinese social media app RedNote or Xiaohongshu for one year following concerns over online shopping scams. The island’s Criminal Investigation Bureau said Thursday it detected more than 1,700 fraud cases on the app since last year, with total losses worth more than NT$247m (£5.9m; $7.9m), local media…
