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2 weeks ago | 
citywire.com | Michelle McGagh |James Phillipps |Jeremy Gordon |Benedict Evans
UK and European shares have followed Asian indices into positive territory this morning, after a remarkable session on Wall Street that saw US stocks swing wildly on fake rumours of a pause in US president Donald Trump’s tariff plan.
The FTSE 100 was up 1.2%, or 91 points, at 7,793 shortly before 8.40am, while the pan-European Stoxx 600 index rose 1% in early trading.
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2 weeks ago | 
citywire.com | Frank Talbot |Himanshu Singh |Benedict Evans |Selin Bucak
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2 weeks ago | 
citywire.com | Benedict Evans |Michelle McGagh |Himanshu Singh
Pershing Square (PSH) fund manager and outspoken supporter of Donald Trump, Bill Ackman, has warned an ‘economic nuclear winter’ is coming if the US president does not ‘call a time out’ on his tariff plans.
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2 weeks ago | 
citywire.com | James Phillipps |Jeremy Gordon |Benedict Evans |Ian Wenik
US stocks opened lower as a global selloff, sparked by President Donald Trump’s trade tariffs, continued.
The S&P 500 fell 3.8% in early morning trading, having fallen more than 10% over Thursday and Friday. The open was less severe than futures markets had initially indicated, at one stage pointing to a 5% decline, but if the index closes at this level it will mean US stocks have entered a bear market with the S&P having fallen 20% from its recent high in February.
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2 weeks ago | 
citywire.com | Benedict Evans
‘There’s a confusion about China. The popular conception is that companies come to China because of low labor costs. I’m not sure what part of China they go to, but the truth is, China stopped being a low-labor-cost country many years ago’
Tim Cook, Apple CEO, 2018
Donald Trump is trying to end the economic system that made the US the richest economy on earth, with the declared aim of moving much manufacturing that is currently spread around the world to the US. Already have an account?
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2 weeks ago | 
citywire.com | Benedict Evans |Algy Hall
‘There’s a confusion about China. The popular conception is that companies come to China because of low labour costs. I’m not sure what part of China they go to, but the truth is, China stopped being a low-labour-cost country many years ago’ Tim Cook, Apple CEO, 2018Donald Trump is trying to end the economic system that made the US the richest economy on earth, with the declared aim of moving much manufacturing that is currently spread around the world to the US.
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1 month ago | 
trbusiness.com | Benedict Evans
By | Friday, 21 March 2025 13:10 Following an electrical substation fire in North Hyde, which sits close to Heathrow Airport, the UK aviation hub has been closed for the entirety of March 21 as authorities investigate the cause and nature of the fire. On social media platform X (formerly Twitter) the official Heathrow Airport accounted posted: “Due to a fire at an electrical substation supplying the airport, Heathrow is experiencing a significant power outage.
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1 month ago | 
trbusiness.com | Benedict Evans
By | Thursday, 20 March 2025 14:35 Gulf Beverages FZE has announced the exclusive regional launch – in partnership with Dubai Duty Free – of a 46-Year-Old Single Malt Irish Whiskey Secrets of the River Bush from Bushmills. This bottling from Bushmills, the world’s oldest licensed distillery, founded in 1608, is a global limited edition of just 300 bottles (700ml, 46.3%ABV) and is available as a regional exclusive at Dubai Duty Free through Gulf Beverages, priced at $12,500.
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1 month ago | 
trbusiness.com | Benedict Evans
By | Thursday, 20 March 2025 12:16 After a three-week break due to planned dry-docking, the Tallink Silja Line’s passenger vessel Baltic Princess is back in regular traffic on the company’s Turku–Stockholm route boasting renewed main passenger areas. “We have focused particularly on upgrading the key passenger spaces to offer even more exceptional travel experience to our guests.
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1 month ago | 
trbusiness.com | Benedict Evans
London Gatwick has today published its full financial results for 2024, when it welcomed a total of 43.2m passengers, up 5.7% on the previous year. The year was driven by significant growth in the choice of airlines and destinations with 57 airlines serving the airport.
