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US to cut tariffs on Taiwanese goods after investment pledge
Natalie Sherman,Business reporterand Lily Jamali,North America Technology correspondent Bloomberg via Getty Images The US has been pushing to build up its semiconductor industry The US said it had agreed to cut the tariffs it charges on goods from Taiwan to 15%, in exchange for hundreds of billions of dollars in investment aimed at boosting domestic…
Trump temporarily blocked from firing Fed governor Lisa Cook
A federal judge has temporarily blocked President Donald Trump from sacking Federal Reserve governor Lisa Cook, who is part of the board responsible for setting US interest rates. The ruling is a win for the central bank in an unprecedented legal battle with the White House over the independence of the Fed. Last month, Trump…
Vicious circle of costs fuelling crisis, says Northampton trader
While Philip Weston, a farmer from Hartwell, Northamptonshire, warned of further protests by farmers saying “The government is not doing enough to help us . If the cost of fertiliser doesn’t come down we are seriously looking at drawing back on arable crop production.”
Renault’s UK customers told to be vigilant after cyber-attack
Renault’s UK customers are being warned to be vigilant after a company that looks after data for the carmaker was hacked. No customer financial data, such as passwords or bank account details, had been obtained, Renault said, but other personal data had been accessed from a third-party provider. The French-owned carmaker would not specify how…
