Michael Race

2 weeks ago | sg.news.yahoo.com | Michael Race |Natalie Sherman

US President Donald Trump reignited trade tensions on Friday, threatening a 50% tariff on all goods sent to the United States from the European Union. He also warned Apple that he would impose a 25% import tax "at least" on iPhones not manufactured in America, later widening the threat to any smartphone. The warning against the EU came just hours before the two sides were set to have trade talks.

2 weeks ago | winnmediaskn.com | Michael Race |Natalie Sherman

by Michael Race & Natalie Sherman(BBC) – US President Donald Trump has said he is recommending a 50% tariff on all goods from the European Union being imported to the United States. “Our discussions with them are going nowhere!” he wrote in a post on social media on Friday. He said the new tariffs would kick in on 1 June. The announcement marks an escalation of Trump’s trade war with the EU.

2 weeks ago | yahoo.com | Michael Race

US President Donald Trump has said he is "recommending" a 50% tariff on all goods from the European Union being imported to the United States. "Our discussions with them are going nowhere!", he said in a post on social media on Friday. He said the new tariffs kick in on 1 June. The announcement marks an escalation of Trump's trade war with the EU. He initially proposed a 20% tariff on most EU goods, but halved it to 10% until 8 July to allow time for talks.

2 weeks ago | bbc.com | Michael Race

Target sales hit as Trump tariffs take effect Michael RaceBusiness reporter, BBC NewsGetty ImagesUS retail chain Target has slashed its expectations for the year after a sharp fall in sales which it blamed on a "highly challenging environment" amid the introduction of trade tariffs. Its sales slumped by 5.7% in the three months to May, at a time when the company also faced a backlash following a previous decision to end diversity, equity and inclusion (DEI) targets.

2 weeks ago | envirolink.org | Michael Race

From BBC Thames Water has decided to “pause” its scheme to pay out big bonuses to senior executives linked with securing its £3bn rescue loan. The decision comes after Downing Street said bosses at the troubled firm “rewarding themselves for failure is clearly not acceptable”. The company’s “retention scheme” was set to amount to 50% of senior bosses’ pay packets, which could have led to them getting £1m on top of their annual salaries and regular bonuses.