Not even Hermès and Ferrari can escape the luxury sell-off April 7, 2025 Luxury companies across the board have seen a mass stock sell-off since April 2, affecting even the strongest brands. Hermès’ share price fell more than seven per cent in early trades on April 7, and has dropped more than 13 per cent since ‘Liberation Day’. The Birkin-maker was one of the few success stories of [...]
Gold price rally ends abruptly following Trump tariff rollout April 7, 2025 Gold prices have fallen for the third session in a row, despite the precious metal’s reputation as a safe haven amid global trade uncertainty. Gold has fallen almost three per cent over the last week in US dollar terms after steadily increasing since the start of 2024. The fall has come amid a global collapse [...]
HSBC and Standard Chartered shares sink as ‘outsized’ Asian tariffs bite April 7, 2025 Shares in banking giants HSBC and Standard Chartered have taken a significant hit as the global trade war ramps up. HSBC was down nearly three per cent in early trading on Monday. The lender’s losses in the last five days have now topped 15 per cent. Meanwhile, Standard Chartered plunged nearly four per cent, with [...]
Jaguar Land Rover: Donald Trump’s tariffs threaten US growth April 7, 2025 The scale of the impact of Donald Trump’s tariffs facing Jaguar Land Rover has been revealed as the luxury car maker outlined how many vehicles it exported to the US in the first three months of 2025. The Coventry-headquartered automotive giant saw wholesale volumes in its fourth quarter rise by 14.4 per cent in North [...]
Billionaire investor Bill Ackman warns of ‘economic nuclear winter’ from Trump tariffs April 7, 2025 Hedge fund manager Bill Ackman has issued a stark warning to the US President, urging him to pause the sweeping package of tariffs revealed last week on his so-called ‘Liberation Day’. In a post on X, Ackman declared: “The President has an opportunity on Monday to call a time out and have the time to [...]
Tariff response: slash red tape and lure the non-doms back April 7, 2025 Shadow Business Secretary Andrew Griffith on the five steps the government should now take A few years before he died, Henry Kissinger described Trump as “one of those figures in history who appears from time to time to mark the end of an era and to force it to give up its old pretences”. It [...]
To fight Trump’s voodoo economics we must be evangelical about capitalism April 7, 2025 If we want to fight Trump's voodoo economics, we must appeal to the heart too and remind people why capitalism is worth fighting for.
Globalisation has come to an end, says minister April 6, 2025 Globalisation has “come to an end” in the wake of new tariffs imposed by the US, a Treasury minister has suggested. Chief Secretary to the Treasury Darren Jones told the BBC that Britain needs to be “strong and resilient” and emphasised the importance of investing in the domestic economy, as nations and businesses are grappling [...]
Musk advocates for ‘effective free-trade zone’ between the US and Europe April 6, 2025 Elon Musk has voiced his support for an “effective free-trade zone” between Europe and the US, days after US President Donald Trump imposed a sweeping set of tariffs on the world. Trump placed a 20 per cent tariff on most EU goods going into America on April 2, as well as a range of tariffs [...]
Jaguar Land Rover to ‘pause’ US shipments in wake of tariffs April 5, 2025 Jaguar Land Rover has said it will “pause” shipments to the US as it works to “address the new trading terms” of Donald Trump’s tariffs. A 25 per cent levy on all foreign cars imported into America came into force on Thursday, and a wider “baseline” 10 per cent tariff on goods imported from around [...]