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What are tariffs, how do they work and why is Trump using them?
Getty Images US President Donald Trump has introduced tariffs on goods reaching it from countries around the world. Trump argues that the move will boost American manufacturing and create jobs, but critics warn of higher prices and damage to the global economy. But he has also used the taxes to make other demands, and has…
Nestle to axe 16,000 jobs as new boss pushes to cut costs
Food and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…
Know when to fold them: the tech inspired by origami
In Zaman’s case, he and his colleagues found a way of 3D-printing material divided into chunky, square-shaped tiles. The angles of the sides of those tiles, and the precise nature of the cuts that separate them mean that, when squeezed together, they pop up into a desired 3D shape. It could be a chair, a…
UK economy growth forecasts lowered from next year
The UK economy is now predicted to grow at a slower rate than previously expected from next year, the government’s official forecaster has said. The Office for Budget Responsibility (OBR), which maps out how the economy is set to perform based on the government’s tax and spending policies, increased its growth expectations for this year,…
US kicks off controversial financial rescue plan for Argentina
The US has purchased Argentine pesos, taking the next step in a controversial effort to calm a currency crisis hitting the South American country and its president, Trump ally Javier Milei. Treasury Secretary Scott Bessent announced the purchase on social media, while saying the US had finalised terms of a planned $20bn (£15bn) financial rescue…
