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US-China trade tensions back as port fees take effect
The US and China started charging new port fees on each other’s ships on Tuesday, as trade tensions between the world’s two biggest economies increase. China says its levies aim to safeguard the country’s shipping industry from “discriminatory” measures and apply to US-owned, operated, built, or flagged vessels but not Chinese-built ships. It comes in…
Murdochs reach deal in succession battle
A years-long succession battle within Rupert Murdoch’s conservative media empire has drawn to a close, with his son Lachlan set to control the news group. The deal, which the family announced on Monday, will ensure the ongoing conservative leaning of Fox News, The Wall Street Journal and The New York Post even after 94-year-old Rupert’s…
Fears energy bill rise mean people surviving rather than living
The increase for those on variable deals comes as the higher wholesale costs, faced by suppliers, feeds through to bills. The conflict in Iran scuppered Bank of England UK inflation targets of 2% over the next five years. Regulator Ofgem said the war means a household using a typical amount of gas and electricity will…
Trump administration to roll back fuel economy rules set under Biden
Natalie ShermanBusiness reporter Getty Images The US is set to loosen its fuel economy rules, reversing another Biden-era policy that had been expected to lead to increased take-up of electric cars. US President Donald Trump announced the proposal at the White House, where officials said the prior standards were not realistically achievable and were driving…
