Frasers Group has warned that Rachel Reeves’s budget will cost it at least £50 million next year, likening the impact on retailers to a “punch in the face”. Michael Murray, the chief executive of the British retail group, said the recent fiscal measures will force businesses to cut costs and could hit consumer confidence to such a degree that sales ...
The South Korean Justice Ministry imposed an overseas travel ban against President Yoon Suk Yeol on Monday amid an investigation into allegations of rebellion and other charges over his short-lived martial law declaration. Yoon had declared martial law last Tuesday, leading to special forces troops being deployed into the streets of Seoul and resulting in political protests. On Saturday, Yoon ...
Rep. Ritchie Torres, D-N.Y., is considering a run for New York governor – and he’s raising his national profile with a tidal wave of criticism against leaders in his own party. Torres has been vocally opposed to the blue stronghold’s progressive criminal justice policies and has criticized how Gov. Kathy Hochul has managed the Empire State, raising eyebrows about a ...
President-elect Trump announced plans to impose a 25% across-the-board tariff on all imports from Canada and Mexico, effective his first day in office. But the move is largely ‘a diplomatic’ one that draws on Trump’s ‘war chest’ to leverage U.S. interests, according to one expert. Tariffs are taxes that governments place on goods being imported or exported. They can raise ...
President Biden pardoned his son, Hunter Biden, ending a saga that has lasted for more than six years, with wide-ranging investigations by the Justice Department and both chambers of Congress related to his conduct and business dealings. Hunter Biden was found guilty of three felony firearm offenses stemming from Special Counsel David Weiss’ investigation. The first son was also charged ...
Britain’s business community is bracing for a contracting economy as confidence tumbles to its lowest level in almost two years. According to fresh analysis from consultancy BDO, sentiment has taken a sharp hit following Chancellor Rachel Reeves’s recent budget, stoking concerns among economists that the UK will end the year in decline. BDO’s monthly optimism index fell by 5.8 points ...
Revised survey data indicate that the UK’s private sector economy scraped only marginal growth last month, prompting fresh warnings that conditions are verging on stagnation. The final composite purchasing managers’ index (PMI) from S&P Global, covering both manufacturing and services, slipped to 50.8 in November from 52 the previous month, hitting its weakest level in over a year. The new ...
Proposed trade tariffs by former US president Donald Trump could strike Britain’s goods exports to the United States as hard as Brexit has hit UK sales to the European Union, according to new research. Analysis from the Resolution Foundation warns that if Trump reintroduces universal tariffs between 10 and 20 per cent, Britain could face trade barriers on a par ...
Winter is coming, and with it comes the dreaded threat of frozen pipes. Frozen pipes can lead to burst pipes, water damage, and costly repairs. The solution? Effective pipe insulation. Investing in quality insulation materials can safeguard your pipes from freezing temperatures and ensure a worry-free winter. However, with so many insulation options, choosing can be challenging. That said, this ...
Lara Trump announced via X that she would be stepping down as co-chair of the Republican National Committee (RNC) citing that during her time the RNC had three distinct goals, and they had all been accomplished. She started her journey as co-chair of the RNC in March 2024, but it has been widely discussed that she is considering her potential ...