Business

British Steel’s Turkish Contract Puts Spotlight Back on the Case for UK Steelmaking

The announcement of British Steel's deal to supply rail for Turkey's Ankara–İzmir high-speed railway has reignited a debate about the importance — and the future — of steelmaking in the UK. The eight-figure contract with ERG International Group is a commercial win, but it has also prompted a broader conversation about what it would mean to lose the capability that produced it. British Steel, at...

Diversification Strategy Succeeds: India Maintains Energy Supply Despite Russian Decline

India's crude oil diversification strategy demonstrated its effectiveness in 2025, maintaining overall energy supply levels despite significant declines in Russian imports. While US crude imports to India increased by 65.6% to $8.2 billion during April-December 2025, Russian crude imports fell by more than 17%, declining from $40 billion to $33.1 billion in the same period. December 2025 import data shows successful diversification in practice. Although...

Trump Pressures Apple Over India Shift, Demands Return of iPhone Production to U.S.

 Former President Donald Trump has voiced strong disapproval over Apple’s reported decision to increase iPhone production in India for the U.S. market, calling out...

Bentley Slams Tariff Uncertainty as UK-US Trade Deal Stalls Luxury Car Sales

Bentley has warned that uncertainty over the UK-US trade agreement is severely damaging its business, with US-bound car sales effectively frozen. Customers are holding...

UK Aerospace Industry Secures Tariff-Free Access to US Market in New Trade Pact

The UK’s £40 billion aerospace sector is set to benefit significantly from a breakthrough in trade negotiations with the United States, as British aircraft...

Trump Signals Major Tariff Reduction Ahead of Crucial Trade Talks

In a surprising policy shift, the U.S. administration has indicated a potential 80% reduction in tariffs on Chinese goods ahead of critical trade negotiations...

U.S. and China to Meet in Geneva as Trade War Pressures Spark Hope for Resolution

GENEVA — In a pivotal step toward easing trade tensions, top U.S. and Chinese officials are set to meet in Switzerland this week, offering...

BMW Cuts 180 Jobs at Mini Oxford Plant as US Tariffs Shake UK Car Industry

BMW has terminated the contracts of 180 agency workers at its Mini plant in Oxford, highlighting the growing strain on the UK automotive industry...

Global Markets Climb Amid Cautious Trading as U.S. Futures Surge

Global stock markets advanced on Thursday despite light trading volumes due to widespread May Day holidays across Europe and Asia. The optimism was driven...

Trump Eases Auto Tariffs to Spur U.S. Manufacturing and Job Growth

President Donald Trump is easing some auto-related tariffs in a strategic shift aimed at boosting domestic manufacturing and preserving jobs. The move comes amid...

Trump Faces GOP Discord as Budget Battles Threaten His Domestic Agenda

As Congress returns to Washington, President Trump’s ambitious budget proposal is encountering early turbulence within his own party. While Republicans control both chambers, deep...

India Ramps Up Russian ESPO Oil Imports as Chinese Demand Wanes

 India has sharply increased its imports of Russia’s ESPO Blend crude in April, capitalizing on reduced Chinese demand and favorable pricing. Supplies to Indian...

Trump’s Tariffs Trigger Sharp UK Slowdown Amid Record Low Economic Confidence

The UK economy is forecast to slow dramatically over the next two years as Donald Trump’s global tariff policies weigh heavily on business investment...

Trump’s Hardline Policies Trigger $10 Billion Blow to U.S. Tourism Industry

America’s tourism industry is bracing for a staggering $10 billion loss this year as President Donald Trump's immigration crackdowns and trade policies drive international...