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Shares plunge on Trump’s tariffs as EU and UK enter focus
Stock markets tumbled on Monday as Donald Trump’s threatened tariffs on goods from Canada, Mexico and China sparked fears of a global trade war.It’s the first trading day since the US president made good on his promise to slap high taxes on imports to the US. He announced higher-than-expected 25% tariffs on Mexican and Canadian …
Business
Sky News
GB Energy boss can’t say when govt-backed firm will be able to slash household bills
The boss of GB Energy has told Sky News it could take 20 years to deliver a Labour government pledge of 1,000 jobs for Aberdeen.Sir Keir Starmer promised voters his flagship green initiative, which will be headquartered in the northeast of Scotland, would cut consumer energy bills by as much as £300. It is one …
Business
Sky News
Barclays says IT glitch that locked people out of their accounts has been resolved
Barclays says an IT glitch that left some customers locked out of their accounts has been resolved after the disruption entered a third day.The bank said the “technical issue” has been fixed and delayed payments processed. In a statement on Sunday, Barclays said: “We are working on bringing balances up to date for some of …
Business
Sky News
Canada and Mexico hit back with retaliatory tariffs on US as Trump risks trade war
Canada and Mexico have hit back with retaliatory tariffs on President Donald Trump’s steep tax on goods imported from its neighbours.Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum both announced the counter-tariffs on Saturday night. Mr Trudeau said Canada would impose 25% tariffs on $155bn Canadian dollars (£85.9bn) of US goods in response …
Business
Sky News
Barclays tells customers to contact friends and family or foodbanks after IT glitch
Barclays has advised customers to seek help from friends and family or even contact food banks after a major IT glitch left some locked out of their accounts.Hundreds of people reportedly claim they are experiencing interrupted services and missing funds after the issue struck on what was payday for many British workers and the deadline …
Business
Business Live
North East firms more optimistic about their own fortunes, despite waning confidence in the economy
The new year has brought an uptick in confidence among the North East’s business leaders, new research suggests. Overall business confidence in the region rose nine points, month-on-month, in January, according to the latest Business Barometer from Lloyds Bank. Firms in the region reported higher confidence in their own business prospects, up 21 points at …
Business
Sky News
How Trump’s tariffs could impact consumers
Donald Trump has long threatened increasing tariffs on goods from Mexico, Canada, and China.The second-time president argues higher levies will help reduce illegal migration and the smuggling of fentanyl to the US. On Saturday, the president confirmed that he would subject Mexican and Canadian goods to the full 25% tariff – and Chinese imports to …
Business
Sky News
How Trump’s tariffs could cost consumers in the US and UK – even if he spares Britain
From midnight on Monday, Donald Trump’s tariffs on Mexico, Canada, and China came into effect. But what are they and what do they mean for the UK?The second-time president claims the tariffs – taxes on goods imported into the US – will help reduce illegal migration and the smuggling of the synthetic opioid fentanyl to …
Business
Sky News
NatWest finalises £450m bonus pot as return to private ownership looms
NatWest Group is finalising plans to pay out close to £450m in bonuses for last year as it prepares for a return to full private ownership nearly 17 years after its bailout.Sky News has learnt that the bank’s remuneration committee is close to signing off the bonus pool ahead of its annual results announcement later this month. …
Business
Sky News
Honeymoon couple unable to access their money online as Barclays suffers major IT glitch
A newlywed couple say they have been locked out of their bank accounts while on their honeymoon as Barclays suffered a major IT glitch.People were unable to access money overnight after the issue struck on what was payday for many British workers. Hundreds of customers reportedly claim they are experiencing interrupted services and missing funds, …
Business
Sky News
China has avoided the same tariffs as Mexico and Canada for now – and is taking Trump in its stride
President Donald Trump has been threatening increased tariffs on China for months and now he says he’s delivering it.Trump has said nothing can delay these tariffs, and for China that means an extra 10% slapped on to the cost of its exports. For China’s government, this is all part of the great game of handling …
Business
Business Live
Five policies that Chancellor Rachel Reeves hopes will fire up the economy
This week, Chancellor Rachel Reeves has been focusing on growth. She pledged to go “further and faster” in stimulating economic growth, unveiling a series of plans aimed at ending over a decade of economic stagnation, as reported by City AM. The urgency of her announcements has been amplified by the economy’s lacklustre performance since Labour …

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