Trump renews threat to hit trading partners with steep tariffs
White House extends deadline for ‘reciprocal’ levies from July 9 to August 1
White House extends deadline for ‘reciprocal’ levies from July 9 to August 1
And that might become a problem
Also in today’s newsletter, Rotterdam port readies for Russia war and Shein files for Hong Kong IPO
Also in this newsletter: Brussels assesses EU rule of law and sends a delegation to Libya
Ted’s excellent Fed plumbing adventure; Huawei watches; financial mediocrity; the nature of money; Tesla crashes
Murad Ahmed speaks to Gillian Tett and Tabby Kinder
Data this week expected to show prolonged bout of deflation in factory prices is running unchecked
Marc Filippino talks to Stephen Morris and Mercedes Ruehl
Plus, CoreWeave’s next financial engineering play and dealmakers are liberated from deal activity in Q2.
Politicians and trade unions warn event is at odds with government’s pledge to expand ‘insourcing’
The country’s latest sanctions are proving far more effective than prior efforts
None of the largest US buyout firms proceeded with traditional June recruiting after JPMorgan chief objected
Complaints made against Swiss bank over losses on foreign exchange derivatives in wake of US tariff announcements
One year on from Labour lifting a de facto ban, few large applications have been made
Task force led by CBI and Oliver Wyman calls for ‘substantially improved visibility’ through 10-year state investment plan
Brussels explores options including frontloading G7 loans to ease fiscal strains in Kyiv
Regulators need to ask more questions about the people in the shadows
Brussels reworks plans to protect direct income for farmers in new budget after pressure from industry
High number of checks highlights new European efforts to squeeze Russian exports
Government debt at near-record low yields has increased appeal of banks’ H shares
Trump’s campus clampdown and tougher rules on visas threaten to cut lucrative international applications
Plans to bring back programme to spur investment being considered by ministers
Artificial intelligence group has added fingerprint scans and hired military experts to protect important data
Industry transformation under way to broaden access to the asset class to mainstream of wealth portfolios