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Jonathan Reynolds contacted sports car maker after it emerged it was considering moving production from UK to USLotus has reassured the UK business secretary at an urgent meeting on Sunday that it has no intention of shutting its Norfolk factory, as th…
European pharmaceutical body says it would be ‘negative for both sides’ if Brussels hits back on threatened US leviesThe European pharmaceutical industry has urged Brussels not to retaliate if Donald Trump brings in threatened tariffs on imported drugs…
Sportswear company to significantly reduce manufacturing in China to mitigate impact of US trade policiesBusiness live – latest updatesNike expects costs to increase by about $1bn (£728m) as a result of Donald Trump’s tariff war, as the sportswear comp…
China confirms details amid efforts to end trade war but reiterates it will continue to approve export permitsThe US has reached an agreement with China to speed up rare-earth shipments into America, officials confirmed on Friday. The news sent US stoc…
Since the start of Russia’s full-scale invasion of Ukraine in February 2022, the EU and its Member States have mobilised around €150 billion in financial, military and humanitarian assistance to support Ukraine, according to statistics provided by the European Commission
European Commission president says EU will ‘defend the European interest as needed’ as Trump threatens 50% steel tariffsThe European Commission president, Ursula von der Leyen, has said the EU is ready for a trade deal with Donald Trump, but “all optio…
ABF threatens to shut Vivergo site in Hull in September amid warnings bioethanol industry could collapseBusiness live – latest updatesThe owner of Britain’s biggest bioethanol plant is threatening to close the Hull site by mid-September, putting 160 jo…
New strategy to focus on ‘more agile’ modest agreements, as opposed to wide-ranging dealsBritain has focused too much on trying to sign major trade deals with other countries, ministers have said, as they lay out the case for a big shift in post-Brexit…
Data shows 16.1% jump as Bank of England suggests influx of cheaper goods could bear down on inflation Chinese exports to the UK jumped in May, according to data from Beijing, raising the prospect of a flood of cut-price goods as firms look for alterna…
As company faces increased UK and EU tariffs, it says move would be part of ‘localisation’ strategyThe Chinese carmaker Chery Auto is considering building its second European factory in Britain.After launching two brands, Omoda and Jaecoo, in the UK in…