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US considers lifting sanctions on some Iranian oil
“To put it mildly, this is bananas,” said David Tannenbaum, director of Blackstone Compliance Services, a consultancy specialising in maritime sanctions. “Essentially we’re allowing Iran to sell oil, which could then be used to fund the war effort.”
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…
How the new order of the Murdoch dynasty is playing out
Katie RazzallCulture and Media Editor BBC Listen to this article Christmas is a time when families get together if they can – and, until this year, the Murdochs were no different. With members of the media dynasty spread across the globe, full family gatherings were rare, although in 2008, according to biographer Michael Wolff, the…
Trump faces extraordinary moment in spat with Fed chair Powell
Faisal IslamEconomics editor Reuters It is extraordinary enough to see the world’s top central banker make an unscheduled video statement on social media. My first thought upon seeing the post from the Federal Reserve chair Jerome Powell was: “Is this an AI deepfake?” That sense did not go away as I listened to what were…
Trump tariffs: The uncertainties facing businesses and consumers after tariff changes
US economist Bernard Yaros pointed out that Trump has already used Section 232 of the Trade Expansion Act of 1962 to introduce industry-specific tariffs on sectors including vehicles, steel and aluminium, and noted that “the Department of Commerce has launched Section 232 investigations into pharmaceuticals, semiconductors, critical minerals, and aircraft”.
Target divisive Reform in 2026, Keir Starmer tells ministers
Chas GeigerPolitics reporter PA Sir Keir Starmer speaking during a cabinet meeting in Downing Street The prime minister has drawn a series of sharp dividing lines with Nigel Farage’s Reform UK, in an attempt to begin reviving Labour’s and his own political fortunes in the new year. Sir Keir Starmer told his political cabinet he…
