The Trump administration is warning of ‘serious consequences’ over Russia’s plans to open a naval base in war-torn Sudan. News of the development of the base has triggered an unusual warning from the State Department, Fox News Digital was told. A State Department spokesperson told Fox News Digital, ‘We encourage all countries, including Sudan, to avoid any transactions with Russia’s ...
Bank of England governor Andrew Bailey has acknowledged that the United States “has a point” in criticising global trade imbalances, lending support to concerns raised by the Trump administration as the UK grapples with the economic fallout of rising tariffs and geopolitical uncertainty. Speaking at an event hosted by the Institute of International Finance in Washington, Bailey said the central ...
US Treasury Secretary Scott Bessent has launched a scathing attack on the International Monetary Fund (IMF), accusing the institution of turning a blind eye to China’s export-led economic dominance and neglecting its core responsibilities in favour of climate and social policy work. In a high-profile speech at the Institute of International Finance in Washington, Bessent criticised the IMF’s latest External ...
UK luxury brands have been hit with fresh disruption after DHL temporarily suspended shipments worth more than $800 to the United States, as a result of escalating trade restrictions imposed by the Trump administration. The logistics giant halted its business-to-consumer deliveries to the US on Monday, citing a spike in paperwork and customs complexity caused by recent White House policy ...
Chancellor Rachel Reeves has ruled out any lowering of UK import standards on food and vehicles, including chlorinated chicken, hormone-treated beef and US-made trucks, as trade talks with the Trump administration enter a critical phase. Speaking ahead of her first official meeting with US economic officials in Washington this week, Reeves made it clear that British regulatory standards would not ...
Chancellor Rachel Reeves has pledged to review a controversial tax loophole that allows low-value goods from Chinese e-commerce giants such as Shein and Temu to enter the UK without paying customs duties—a move aimed at protecting British retailers from unfair competition and goods being “dumped” on the high street. The scheme, known as the “de minimis” rule, currently exempts imports ...
Inheritance tax (IHT) receipts have hit a record high of £8.2 billion in the 2024-25 tax year, as rising asset values and long-frozen thresholds continue to draw more families into the tax net—even before major upcoming changes that will extend liability to pensions and farmland. New figures from HM Revenue & Customs show a significant increase from £7.5 billion the ...
As a PCO driver, the car you choose plays an important role in how much money you will make. If you drive a regular saloon, you will have limited earning options. On the other hand, driving a larger car like a 7-seater gives you more choices. With that said, 7 seaters are more expensive than regular cars, and not every ...
Elon Musk may be easing off his role at the Department of Government Efficiency (DOGE ), but President Donald Trump isn’t easing off his praise. On Wednesday, Trump praised Musk’s smarts and patriotism during an executive order signing in the Oval Office, brushing off critics and defending the tech mogul’s work on federal reform. ‘He’s an incredible… brilliant guy,’ Trump ...
Director of National Intelligence Tulsi Gabbard referred two intelligence community professionals to the Department of Justice for criminal prosecution Wednesday over alleged leaks of classified information, Fox News Digital has learned. An ODNI official told Fox News Digital that the intelligence community professionals allegedly leaked classified information to the Washington Post and the New York Times. A third criminal referral ...