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...

EU Steel Industry Reels as U.S. Refuses to Lift 50% Tariff in New Trade Deal Draft

The European Union faces a major setback in trade negotiations with the United States, as a new draft agreement fails to reduce the punishing...

Pound Tumbles as BoE Hints at Faster Rate Reductions

The pound plunged to a three-week low after BoE Governor Andrew Bailey indicated the central bank could speed up rate cuts if the job...

Dollar Decline Creates Perfect Storm for London’s Record-Breaking Rally

The weakening of the U.S. dollar has created ideal conditions for British assets, driving the FTSE 100 to an historic 8,979 points in what...

Trump’s Trade War Widens: Copper Tariff Rocks Key Industries

President Trump's trade war has expanded its reach, now encompassing copper with a shocking 50% tariff on imports, a move that has sent tremors...

The 2% to 10% Jump: The Real Cost of US-EU Trade Impasse

The real cost of the US-EU trade impasse is highlighted by the anticipated jump from a 2% average tariff on EU exports to a...

US Commerce Secretary Lutnick Involved in EU Tariff Discussions

US Commerce Secretary Howard Lutnick was among the top officials who warned EU trade commissioner Maroš Šefčovič of Donald Trump's proposed 17% tariff on...

EU’s Tight Deadline: Negotiating a Tariff Deal with the US

The EU faces a tight deadline as it negotiates a tariff deal with the US, aiming to finalize a "framework" agreement to avoid President...

Santander’s £2.65bn Bet on UK High Street Banking

Santander is making a substantial £2.65 billion bet on the future of UK high street banking with its proposed acquisition of TSB. This significant...

US Dollar’s Slippery Slope: Trump’s Policies Spark Investor Retreat

The US dollar is on a slippery slope, with a 10.8% decline against a basket of currencies in the first half of 2025, marking...

Norfolk’s Lotus Legacy Assured: Factory Remains Open

Norfolk's Lotus legacy is assured, as the company's factory has been confirmed to remain open. The sports car manufacturer reassured Business Secretary Jonathan Reynolds...

Digital Tax Dispute Derails US-Canada Trade Partnership Despite G7 Progress

A promising diplomatic initiative between the United States and Canada has collapsed spectacularly over disagreements about digital taxation, with President Trump announcing the immediate...

Trade War Psychology Affects Business and Political Decision-Making

The psychological dimensions of trade warfare significantly affect both business and political decision-making processes beyond rational economic calculations. Understanding these psychological factors is crucial...