The US Treasury Secretary has accused China of creating unfair competition that “distorts global prices” as it ramps up production of technologies aimed at shifting the world towards net zero.
Robert Jenrick has said that the “feeble” sanctions against China announced by Oliver Dowden “will only embolden China to continue its aggression towards the UK”.
The FTSE 100 closed in on a record high on Friday amid growing hopes interest rate cuts are on the horizon as official data suggested Britain is out of recession.
Rwanda flights are set to be delayed as the Lords inflicted a series of heavy defeats on Rishi Sunak’s landmark legislation, pushing back the passage of his Bill until after Easter.
Santander’s UK boss has warned that high taxes are making Britain an unattractive place to invest, amid growing pressure on the Chancellor to cut the burden on households and businesses.
Rishi Sunak faces a showdown with the Lords on Wednesday over his Rwanda Bill after he used his Commons majority to reverse their amendments to his flagship legislation.
Consumer goods giant Reckitt has suffered a £7bn share price slump after it lost a US legal case claiming its baby formula contributed to the death of a premature child.
Interest rates could stay high for longer after unexpected US inflation figures were released this morning, stoking fear of stagflation - high inflation accompanied with unemployment and stagnant demand.
Bitcoin reached an all-time high this afternoon, breaching $70,000, as investors become more confident of interest rate cuts by the US Federal Reserve.
More than $78bn (£61bn) has been wiped off the value of Apple after it was fined €1.8bn (£1.6bn) by the European Union for breaking the bloc’s competition laws by favouring its own music streaming service over rivals.
US consumer prices increased at their slowest rate in nearly three years, according to the Federal Reserve’s preferred measure of inflation, keeping a June interest rate cut for America on the table.
Bitcoin has topped $60,000 for the first time in more than two years amid a flurry of excitement after the approval of wider trading methods in the US.
The sacked Post Office chairman has claimed he is the victim of a “smear campaign” over Horizon, as a feud at the top of the organisation was laid bare in front of MPs on Tuesday.