The FTSE 100 nosed back above 8,800 points this morning, gilt yields fell and the pound recovered some of its losses from yesterday’s flash sell-off. London’s premier index was up 33 points in morning trading, led by a 2.6 per cent rebound for Convatec, the wound-care specialist whose core US market has been rattled by…
Tesla reported a sharper-than-expected fall in second-quarter deliveries, as intense competition and a backlash against Elon Musk’s political activities hit global demand for its aging electric-vehicle lineup. Tesla said it delivered 384,122 vehicles globally in the second quarter, down 13.5 per cent from 443,956 units a year ago. Analysts expected Tesla to report deliveries of…
A company boss in China set up 252 tables for his daughter’s grand wedding, then refused to pay the 520,000-yuan (US$72,000) bill. A pork vendor, surnamed Wang, in eastern China’s Zhejiang province said the boss of a local company, surnamed Qian, commissioned him to prepare food for his daughter’s wedding banquet in April. Wang said…
U.S. markets took a significant plunge on Thursday, one day after President Donald Trump announced sweeping tariffs, leading to fears of a global recession and prompting international responses.The S&P 500 had its worst day since the COVID-19 pandemic in 2020, falling 4.8%.”The tariffs the administration is imposing are much more severe than had been expected,”…
Shopping for a new home? Ready to renovate your kitchen or install a new deck? You’ll be paying more to do so. The Trump administration’s tariffs on imported goods from Canada, Mexico and China — some already in place, others set to take effect in a few weeks — are already driving up the cost…
WASHINGTON (7News) — A day after tariffs kicked in against Canada, Mexico, and China, President Donald Trump negotiated an exemption for automakers from his punishing 25% tariffs on the North American nations for one month — as long as they comply with an existing free trade agreement. His other imposed taxes will remain in place…
A young boy in China and his parents are under investigation after the child threw firecrackers into a sewer, igniting methane and causing an explosion that damaged several luxury cars. Eight vehicles, including a Porsche, a BMW and an Audi, were damaged in the explosion, with the total loss reaching 285,000 yuan (US$39,000), according to…