Business & Economy
Insights into financial markets, business trends, and economic shifts.
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Trump cuts tariffs on U.K. cars, steel and aluminum but keeps 10% base duty
President Donald Trump, center, with from l-r., Commerce Secretary Howard Lutnick, Vice President JD Vance, and Britian’s ambassador to the…
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New CEO of Fortune 500 auto parts supplier BorgWarner just pulled the plug on its once-promising EV charging business
In office since February, Joe Fadool unwinds one of his predecessor’s strategic bets, arguing BorgWarner cannot scale the business under…
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Pension funds should invest more in UK equities, investors tell ministers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.…
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US and UK seal first deal of Donald Trump’s trade war
The UK has clinched the first deal with the US since President Donald Trump ignited a trade war, winning cuts…
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Tariffs are adding to baby expenses as China dominates key imports
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Lutnick warns no ‘fast deals’ for Japan and South Korea
Commerce Secretary Howard Lutnick said that trade deals with South Korea and Japan could take significantly more time to complete…
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Apple is developing specialized chips for glasses, new Macs, and AI servers
Apple Inc.’s silicon design group is working on new chips that will serve as the brains for future devices, including…
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Coinbase says $2.9 billion Deribit deal will increase profits even as income drops in Q1
Coinbase just pulled off the biggest acquisition of a crypto firm in industry history. On Thursday, the U.S.’s largest crypto…
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Can sunscreen give you cancer?
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Trump calls Fed Chairman Powell a ‘fool’ but despite relentless attacks, he may be keeping him around for one key reason
President Donald Trump has relentlessly attacked Fed Chairman Jerome Powell since he retook office, most recently calling him a “fool”…
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