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US and China agree framework of trade deal ahead of Trump-Xi meeting
The US and China have agreed the framework of a potential trade deal that will be discussed when their respective leaders meet later this week, the US trade secretary has said. Scott Bessent told the BBC’s US news partner CBS that this included a “final deal” on TikTok’s US operations and a deferral on China’s…
Smart motorways not delivering value, new reports show
In a statement, the Department for Transport said that although it would not be rolling out any new smart motorways, they remained among our safest roads in terms of deaths and serious injuries, and were just as safe, or safer, than the roads they replaced.
Daily Mail owners takeover of Telegraph to face probe
In issuing the probe into the deal, Nandy said: “The public interest considerations concerned are the need for a sufficient plurality of views in each UK market for news media; and, the need for a sufficient plurality of persons with control of media enterprises serving every different UK audience.”
Sir Jim Ratcliffe suspends production at key UK plants blaming high gas prices
Billionaire Sir Jim Ratcliffe’s industrial giant Ineos is pausing production at its three plants in Hull, blaming high UK gas prices. The firm said gas prices in the UK are twelve times higher than in the US, and eight times more expensive than the coal-based processes used by Chinese competitors. Sir Jim said: “We are…
Reeves speech did not mislead on challenges facing UK ahead of Budget, says OBR official
Michael RaceBusiness reporter Getty Images A senior official at the UK’s economic forecaster has said he does not believe the chancellor was being misleading when she said the state of the public finances were “very challenging” in the run-up to the Budget. Prof David Miles from the Office for Budget Responsibility (OBR) told MPs Rachel…
