U.K. officials OK seizing British Steel’s Chinese-owned Scunthorpe plant
April 12 (UPI) -- The U.K. Parliament authorized the government to seize control of the Chinese-owned British Steel plant in Scunthorpe to prevent its closure…
UK steps in to save British Steel as nationalisation looms | Business and Economy News
Intervention follows a breakdown in talks between the UK government and British Steel’s Chinese owner, Jingye Group.The UK government has taken effective control of British…
Electronics exempted from latest round of Trump tariffs
April 12 (UPI) -- Computers, smartphones and other electronics are now exempt from President Donald Trump's latest round of tariffs. The guidance issued this week…
Africa doesn’t need aid. It needs control over its critical minerals | Business and Economy
The decision of US President Donald Trump’s administration to suspend foreign aid and shut down the USAID agency has sent shockwaves across the development industry.…
Consumer sentiment plunges 11% in April, fourth straight month of decline
April 11 (UPI) -- A University of Michigan of Michigan survey Friday found consumer sentiment plunged 11% in April for the fourth straight month of…
U.S. stock exchanges end on upswing after turbulent week of Trump tariffs
April 11 (UPI) -- U.S. stocks rose on Friday as Wall Street ended a roller-coaster week amid a trade war involving tariffs started by the…
US consumer sentiment tumbles as trade war fears grow | Business and Economy
United States consumer sentiment plunged in April, marking the fourth month in a row of declines – widely seen as a pointed reaction to President…
Trump’s tariffs: Short-term damage or long-term ruin? | Business and Economy
What does Trump aim to achieve by making it costlier for the rest of the world to sell their goods in the US?As the US…
Dow falls 1,100 points after brief rally following Trump tariff pause
April 10 (UPI) -- The U.S. stock market remained volatile Thursday despite the 90-day reprieve on many of President Donald Trump's "Liberation Day" tariffs, despite…
Trump pauses reciprocal tariffs for 90 days except for ones affecting China
April 9 (UPI) -- Amid a reeling stock and bond market, President Donald Trump on Wednesday announced a 90-day pause on reciprocal tariffs for all…
U.S. stock markets skyrocket after Trump announces tariffs pause
April 9 (UPI) -- U.S. stock markets soared dramatically on Wednesday after President Donald Trump paused reciprocal tariffs for 90 days except for China. During…
Trump pauses all tariffs for 90 days except for ones affecting China
April 9 (UPI) -- Saying other nations were strongly interested in negotiating new trade terms with the United States, President Donald Trump on Wednesday announced…
Tariffs bring anxiety to the Costco aisles: Cut back or stock up before prices rise?
Sweeping tariffs have yet to hit the shelves of his local Costco, but Trinidad Estrada is already bracing for the impact on his family finances.The…
Department of Justice shuts down National Cryptocurrency Enforcement Team
April 9 (UPI) -- The Department of Justice ended its National Cryptocurrency Enforcement Team, while also redirecting focus away from targeting crypto fraud. Deputy Attorney…
Acting IRS commissioner to resign after immigration data-sharing agreement
The Internal Revenue Service (IRS) headquarters is seen in Washington, D.C., on March 23. On Tuesday, acting Internal Revenue Service Commissioner Melanie Krause told her…
What to watch for as Trump’s ‘reciprocal’ tariffs kick in | Business and Economy News
At 12.01am EST (04:01 GMT) on Wednesday, United States President Donald Trump’s “reciprocal” tariffs will kick in, ramping up a global trade war that has…
China warns it will retaliate if Trump imposes additional tariffs
April 8 (UPI) -- Beijing will retaliate if President Donald Trump makes good on his threat to impose a further 50% tariff on Chinese exports,…
High street retailer to shut city-centre location after 40 years following rising business costs
AN ICONIC city-centre vintage shop is set to close its doors for good after 40 years in business.Uncle Sam's Vintage, dubbed "Bristol's original vintage store",…
GM opens new advanced design studio in Britain, reveals EV Corvette concept car
1 of 4 | General Motors reveals images of its EV-powered Chevrolet Corvette concept car Monday as the automaker announced the expansion of its advanced…
South Korea to extend $68.12 billion in emergency liquidity to aid companies suffering amid U.S. tariffs
South Korean stock dealers work in front of monitors at the Hana Bank in Seoul on Monday. The South Korea Composite Stock Price Index plunged…