Bessent pushes gradual 2.5% universal US tariffs plan
Trump’s Treasury secretary wants levies to rise month by month in order to give businesses time to adjust
Read more at Financial Times
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Cardiff University plans to cut 400 jobs and axe courses
Vice-chancellor Wendy Larner says "it is no longer an option for us to continue as we are".BBC News - 1d -
Brussels pushes ‘buy European’ procurement plan
Leaked policy proposal would give government option to exclude foreign companies from public contractsFinancial Times - 5d -
Trump's Tariff Threats Push Europe to Gear Up for Trade Fight
U.S. duties could nudge the European Union toward protectionist measures and away from free trade.The Wall Street Journal - Jan. 19 -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - Jan. 16 -
Bessent says US should increase sanctions on Russian oil companies
Trump Treasury pick tells Senate panel he wants to ratchet up pressure on Putin regimeFinancial Times - Jan. 16 -
Drake lawsuit accuses Universal Music Group of defamation for 'Not Like Us'
The superstar rapper claims in a lawsuit that the record company he and Kendrick Lamar are both signed with have put his life and reputation at risk.Los Angeles Times - Jan. 15 -
Under Shadow of Planned Tariffs, Auto Suppliers Rethink Production Plans
From the sidelines of CES 2025, global car parts suppliers ponder the consequences of Trump’s threatened import duties.Inc. - Jan. 9 -
Column: How the stars of 'It Ends With Us' spawned a universe of legal and PR battles
Actors and producers Blake Lively and Justin Baldoni have traded accusations of sexual misconduct, smear tactics and more. But the film is doing quite well.Los Angeles Times - Jan. 8 -
Trump reportedly considering important alteration to tariff plans
President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the impact.CNBC - Jan. 6
More from Financial Times
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SoftBank in talks to invest up to $25bn in OpenAI
Deal would make Japanese group biggest financial backer in ChatGPT makerFinancial Times - 7h -
Passenger jet and US Army helicopter collide over Washington
More than 60 people were on the American Airlines flight from KansasFinancial Times - 1h -
EU debates return to Russian gas as part of Ukraine peace deal
Advocates say reopening pipelines could help settlement with Moscow and cut energy costsFinancial Times - 3h -
Lessons from my investing career
The combination of leverage and time is a critical one to recognise in any portfolio blueprintFinancial Times - 3h -
Trump lashes out at Fed after central bank keeps rates steady
US president had called on the central bank to sharply reduce borrowing costsFinancial Times - 10h
More in Business
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Shares of fashion giant H&M drop 5% as fourth-quarter sales miss estimates but full-year profit beats
H&M on Thursday reported a slightly better-than-expected uptick in operating profit, although sales missed forecasts in the fourth quarter.CNBC - 20m -
Oil giant Shell raises dividend despite larger-than-expected drop in full-year profit
British oil giant Shell on Thursday reported a significant drop in annual profit following a year of lower crude prices.CNBC - 28m -
American Airlines regional jet carrying 64 collides midair with military helicopter near D.C. airport
An American Airlines regional jet collided with a helicopter near Ronald Reagan Washington National Airport.CNBC - 46m -
Deutsche Bank posts steeper-than-expected Q4 profit fall and scraps cost target
Legal provisions weighed on the bottom line at Germany's largest lender Deutsche Bank, with net profit falling in the fourth quarter.CNBC - 1h -
France's shrinking economy betrays urgent need to overcome budget wrangles
France's beleaguered economy was given a boost by the Olympics Games in Paris last summer but political upheaval has ensued since then.CNBC - 1h