Finance

915
Tesla halts orders for Model S and X in China amid escalating trade war
The Model S and Model X are manufactured in the United States and imported into China.
999
Trump exempts smartphones and computers from tariffs in ’Liberation Day’ move
President Donald Trump has announced a list of tech devices, including smartphones and computers, that will be exempt from reciprocal tariffs imposed on ’Liberation Day’
1084
One-third of UK independent cinemas face closure without capital investment
Survey by the Independent Cinema Office shows urgent need for capital investment in sector
1001
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.
733
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.
739
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
941
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.
880
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.
938
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
874
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.
762
Bitcoin down 4%, Ether down 9% as crypto market crashes with Wall Street
Crypto market declines amid U.S. stock selloff and Trump tariffs
828
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.
887
‘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
1174
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.
912
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.
925
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.
1076
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
912
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.
828
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
904
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.
895
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.
1390
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.
1254
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.
1087
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.
924
Passport fees to increase again in April
The cost of passport applications will increase - again - next month.