Business

Who is losing out from Trump's tariffs?

The US-China trade dispute is starting to have consequences. The US tariffs on foreign steel and aluminium went into effect last month. China’s retaliatory duties on more than 100 US imports, including pork, fruit and wine, kicked in soon after. Further tariffs on $50bn worth of the each country’s products are in the offing, as […]

Business

Coffee trends

Image copyright Getty Images How do you like your coffee in the morning? From an Italian espresso to the Vietnamese ca phe trung, made with egg yolks and condensed milk, a lot depends on where you wake up. More people are drinking more coffee than ever before, according to the UN’s Food and Agriculture Organization. […]

Business

US banks report gains but shares sink

Image copyright Getty Images Profits at JP Morgan Chase, Citigroup and Wells Fargo rose in the first three months of the year, but their shares slumped on Friday despite the gains. JP Morgan’s profits soared 35% year-on-year, with more modest increases reported at Citigroup and Wells Fargo. Analysts said the share decline was a sign […]

Business

Lagos protests over state tax increases

Residents of the Nigerian city of Lagos have been protesting about a controversial tax increase by the state government. Annual charges on property have been increased by more than 200% (although subsequently slashed by up to 50% for commercial properties). Nigeria continues to recover from recession and residents say that any increase will prove crippling […]

Business

Jaguar Land Rover to shed 1,000 contract staff

Image copyright Getty Images Jaguar Land Rover says it will not be renewing the contracts of 1,000 temporary workers in Solihull. The company blamed the “continuing headwinds impacting the car industry” for the move. It said it was continuing to recruit large numbers of engineers and apprentices and it remained “committed to its UK plants. […]

Business

Telegram chat app blocked in Russia

The Russian government has started to block messaging app Telegram, according to reports from the local news agency Tass. Russia’s media regulator had sought to block the app because the firm has refused to hand over encryption keys used to scramble messages. Telegram had missed a deadline of 4 April to hand over the keys. […]