People and businesses in the US have faced a whirlwind of policy change in recent months. But one thing has remained fixed: borrowing costs set by the US central bank. The Federal Reserve stuck with that strategy on Wednesday, voting to leave its key interest rate unchanged. The decision marked the fourth in a row...
Several newspapers lead with stories on a new trade deal worth £5bn between India and the UK. Quoting both Kemi Badenoch and Nigel Farage, the Telegraph’s report describes the agreement as implementing a ‘two-tier’ tax deal – because it exempts Indian migrants from National Insurance payments. Opposition leader Kemi Badenoch said she had declined to...
If somebody from 2005 teleported 20 years into the future, they would beg to go back home. Sure, there are lots more cool toys to play with now, and the televisions are mega huge, but it seems our basic grasp of reality disappeared somewhere along the way. It’s kinda like that Ryan George series of...
Just now ShareSave ShareSave A range of stories lead Friday’s front pages. The Daily Telegraph’s reports Britain’s biggest bank Lloyds has “pledged solidarity” with transgender staff following the Supreme Court ruling a woman is defined by biological sex under equalities law. To the side of the lead story is a photo of Harry Potter author...
Suranjana Tewari Asia Business Reporter Getty Images Li Chenggang is a former World Trade Organisation and UN representative China has unexpectedly appointed a new trade envoy, as officials said the US’ practice of “tariff barriers and trade bullying” is having a serious impact on the global economic order. Li Chenggang, a former assistant commerce minister...
The Duke of Sussex’s surprise trip to meet victims of war in Ukraine was a late addition to some of Friday’s front pages. The Daily Mail highlights that the prince’s “secret trip” followed his appearance at a two-day hearing in London over his security arrangements in the UK. The Daily Telegraph likewise leads on Prince...
Mitch Labiak & Natalie Sherman BBC News Getty Images As a former champion runner, Richard McDonald can move quickly. But the speed of the market falls, triggered by the sweeping global tariffs Donald Trump announced last week, still kept him on his toes. Previously a trader for Credit Suisse, he now buys and sells stocks...
Lenders are set to cut rates on mortgages after turmoil from US President Donald Trump’s tariff policy raised expectations that UK interest rates could be cut further this year. TSB Bank said it will reduce some two-year fixed rate mortgages by up to 0.25 percentage points on Wednesday, following MPowered Mortgages which trimmed rates on...
South Korea will hold a presidential election on 3 June, its acting leader has said, after the country’s constitutional court removed Yoon Suk Yeol from the presidency. Yoon was impeached by parliament in December for his shock martial law declaration. The court upheld his impeachment on 4 April, paving the way for a snap election...
Most papers on Friday morning are splitting their front pages between updates on Donald Trump’s “tariff turmoil” that’s wiped “trillions off global stock markets” and the latest in the Duke of Sussex’s charity row. Dozens of downward sloping charts on the front page of the Guardian illustrate the hit financial markets took after Trump announced...