Foreign Secretary Yvette Cooper has confirmed the UK will not be signing up to US President Donald Trump’s new “Board of Peace” at the World Economic Forum in Davos, citing concerns about the potential involvement of Russian President Vladimir Putin. Speaking to the BBC, Ms Cooper said the UK had been invited to join the […]
Germany’s Merck is on the verge of a billion-euro takeover of US biopharmaceutical company Springworks Therapeutics, with the sides now in “advanced talks” about a purchase, Merck said on Friday. The deal would be the largest acquisition in years for the DAX-listed pharmaceutical company based in Darmstadt and strengthen its cancer drugs business. US media […]
U.S. President Donald Trump has authorized a 90-day pause on many of the recently imposed reciprocal tariffs, signaling a temporary easing of trade tensions with most American trade partners. The White House confirmed the president’s decision on Wednesday, stating that “the tariff level will be brought down to a universal 10%,” with China being the […]
White House officials say some of the tariffs rolled out by US President Donald Trump may only be in place for “days and weeks”, and that more than 50 nations have reached out to begin trade talks. It follows US stock markets tumbling by about 10 per cent in the two days after Mr Trump […]
TikTok is hours from a deadline to find a non-Chinese owner* or face a ban in the United States. The video-sharing app, which has more than 170 million American users , is under threat from a US law that orders TikTok to split from its Chinese owner ByteDance or get shut down in the United […]
TikTok is just hours away from a critical deadline to secure a non-Chinese owner or face a potential ban in the United States. The popular video-sharing platform, which boasts over 170 million American users, is under threat due to a U.S. law mandating its separation from Chinese parent company ByteDance. If TikTok fails to comply, […]
US tariffs are plunging the world into an “open trade war,” the president of a German trade association said on Thursday, hours after US President Donald Trump’s announcement of blanket 10% customs duties on all imports. Dirk Jandura, president of the Federation of German Wholesale, Foreign Trade and Services (BGA), called the decision a “frontal […]
The southern African country of Lesotho has attracted a tariff rate of 50% on its exports to the US. These are mainly on textiles and diamonds. Lesotho’s US exports are equivalent to 10% of its GDP, meaning Trump’s new tariffs will potentially hit the tiny mountainous nation hard. Lesotho currently enjoys duty-free access to the […]
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