Faisal Islam: The UK’s Trump trade deal no longer looks world-beating
The UK’s trade deal with the US faces challenges as the EU secures better tariff terms, partly due to implementing forced labour legislation that Britain has not adopted.
Moody’s says ‘unprecedented’ AI spending threatens credit quality of Amazon, Meta, Alphabet and others
Moody’s warns that massive AI infrastructure spending at tech giants is eroding free cash flow and increasing balance-sheet risk, threatening credit quality despite strong current positions.
‘A small snippet’: what pubs make of Burnham’s £100m rates giveaway
Prime Minister Andy Burnham announced a 20% business rates reduction for pubs, clubs and live music venues, expected to cost £100m. Industry figures say the relief offers modest savings compared to other financial pressures facing hospitality businesses.
Mass job cuts loom at VW as profits fall steeply on China sales slump
Volkswagen reports a steep profit decline and cuts revenue forecasts due to a sales slump in China, planning to eliminate up to 100,000 jobs as part of a major restructuring program.
Burnham urged to award £2.4bn military satellite contract to Airbus over US rival
UK labor leaders and lawmakers are pushing the government to award a £2.4bn military satellite contract to Airbus rather than US competitor Lockheed Martin, citing concerns over job losses.
Water bosses’ pay rises despite bonus ban and public fury over bills and pollution
Water company executive pay rose to £25.3 million despite a government bonus ban, with chief executives using alternative compensation structures to circumvent restrictions amid public anger over pollution and rising bills.