Finance

923
The wealth of the world’s richest people grew by $304 billion in a day amid Trump’s customs pause
On April 9, the world’s richest people added $304 billion to their combined wealth, marking the largest single-day increase in the history of the Bloomberg Billionaires Index.
660
Prada to acquire Versace for $1.4 billion
Fashion house Prada has reached an agreement to acquire another Italian brand, Versace, for $1.38 billion.
675
iPhone prices set to soar as Donald Trump’s trade war impacts Apple’s global supply chain
Apple’s share price plunged to such an extent it lost the crown as the world’s most valuable company to Microsoft in recent days following Donald Trump’s trade war
873
EU strikes back: $22B in tariffs hit US over Trump’s trade war
The European Union will fight back against Donald Trump’s tariffs on the trade bloc with three rounds of import taxes on US products.
800
Trump’s tariffs take effect, intensifying global trade war and market turmoil
President Donald Trump’s "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war and spurring more widespread selling across financial markets.
856
Starmer brings back 2030 car ban in response to Trump’s tariffs
Prime Minister reinstates 2030 date for ban on new petrol and diesel vehicles amid ‘bold changes’ to boost exports
800
ZKasino rug puller suffers massive loss in 20x ETH trade
The purported mastermind behind ZKasino encounters a multimillion-dollar challenge as crypto volatility exposes risky wagers.
703
Bitcoin down 4%, Ether down 9% as crypto market crashes with Wall Street
Crypto market declines amid U.S. stock selloff and Trump tariffs
766
UK prohibits fake reviews and hidden fees in new law to protect online shoppers
A law prohibiting fake reviews and what is known as drip pricing for online shopping has been enacted.
806
‘Beer tax’: UK pubs to lose £180 million due to new levies
’The jobs tax is far more than small beer,’ warns the Shadow Chancellor
1087
British Steel collapse looms as Chinese owner rejects £500m rescue deal
Jingye, the Chinese company that bought British Steel out of receivership in 2020, rejected a £500 million offer of public money as talks with the government broke down.
834
Global markets in disarray as Trump tariffs erase $2.5 trillion from Wall Street
Economists indicate that taxes ranging from 10% to 50% have considerably heightened the risk of a global economic recession.
847
Full list of Trump’s new tariffs: China 34%, EU 20%, UK 10%
See the full list of tariffs announced by Donald Trump on Wednesday.
996
Nasdaq futures sink 3.3% as Trump’s tariffs erase $760B from tech giants
Nasdaq futures fell 3.3% in after-hours trading as $760 billion was erased from the market value of the ’Magnificent Seven’ technology leaders
830
Car tax rules are changing from today
The beginning of April means major new car tax changes are coming into effect, impacting motorists across the UK.
761
Rachel Reeves announces harsh welfare cuts, pushing 250,000 people into poverty as Labour chooses austerity over taxing the ultra-wealthy
Chancellor Rachel Reeves will deliver a press conference from Downing Street following her Spring Statement which saw billions of pounds of welfare cuts announced
813
Ministers seek further welfare cuts after OBR lowers savings estimate
Ministers are scrambling to find further welfare savings after the budget watchdog said last week’s package would save £1.6bn less than ministers thought.
834
Binance suspends employee for insider trading and bans market maker over MOVE token manipulation
Binance stated that its initiatives are intended to enhance the protection of its users against malicious market activities.
1301
UK MPs’ salaries to rise to £93,904 in 2025-26, sparking outrage among NHS workers and teachers
MPs are expected to see their salary rise to £93,904 following the rise. Last year MPs received a pay rise of 5.5%, lifting their annual salary to £91,346.
1086
Solana becomes a hub for ’pump and dump’ meme coin scheme: Bloomberg
Insiders possess a significant advantage that enables them to profit from memecoins, while retail investors endure the majority of the losses.
1021
Bank of England holds base rate at 4.5% amid economic uncertainty
The Bank of England has maintained the UK’s base rate at 4.5%, aligning with the expectations of many economists.
851
Passport fees to increase again in April
The cost of passport applications will increase - again - next month.
737
Santander announces closure of 95 branches in the UK
A major high street bank is closing more than a fifth of its branches across the UK.
817
Incredible items purchased using civil service credit cards
Shoes, coffee pods and celebrity cut-outs – these are just some of the things that civil servants have been splashing taxpayers’ cash on with special credit cards.
655
Zizzi, Itsu, and Asda among retailers rejecting cash
A number of major retailers have stopped taking cash in some or all of their stores, sparking backlash from a pro-cash campaign group, who say they are ’letting down the public’