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Thursday, March 22, 2018
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Trump reveals $60bn of fresh tariffs on China as EU wins reprieve 22 Mar 8:25pm Trump reveals $60bn of fresh tariffs on China as EU wins reprieve
US president calls on Brussels to respond in kind to temporary amnesty, while move against Beijing hits stock markets Financial markets have taken fright after Donald Trump fired the latest shots in an escalating trade war between the world’s two biggest economies by
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GBP 1,41 -1,352%
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A trade war would be bad, but Trump does have a point 22 Mar 3:14pm A trade war would be bad, but Trump does have a point
China has been flouting intellectual property rules and it does has more to lose Here come the trade wars – possibly. The Trump administration’s imposition of tariffs on $60bn (£42.5bn) of imports from China could be a huge moment for the global economy. Past presidents toyed with the idea of branding China a “currency manipulator” but have always stepped away from action. Trump hasn’t gone down that route, with its ill-defined policy implications, but has instead gone for the jugular. China is deemed guilty of “economic aggression” by pinching US intellectual property and must pay a price. The consequences of that declaration depend on two things. First, will the size of the tariffs match Trump’s rhetoric about China engaging in abuse over decades? It is possible measures will be watered down if financial markets throw a wobbly, but Trump had advertised his intentions since taking office and you will struggle to find a chief executive of a large multinational that does not think China plays fast and loose. Chinese abuse of intellectual property rules is not a secret.
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Trump announces $60bn of further tariffs on imports from China 22 Mar 3:10pm Trump announces $60bn of further tariffs on imports from China
Move hits stock markets as EU wins temporary reprieve against US protectionism Financial markets have taken fright after Donald Trump fired the latest shots in an escalating trade war between the world’s two biggest economies by announcing $60bn (£42.5bn) of further tariffs on China. Amid relief in Brussels that the EU had won a temporary reprieve from Trump’s already announced action to protect the US from imports of steel and aluminium, Wall Street braced itself for retaliation from Beijing.
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Ted Baker shares tumble after trading conditions warning 22 Mar 2:05pm Ted Baker shares tumble after trading conditions warning
Fashion retailer’s boss, in gloomy prognosis, says recent heavy snow deterred shoppers More than £140m was wiped off the value of fashion retailer Ted Baker on Thursday after it warned that challenging trading conditions had been compounded by the recent heavy snows. The shares tumbled 13% after chief executive Ray Kelvin flagged that the “
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Marks & Spencer recruits industry veteran to turn around food halls 22 Mar 12:04pm Marks & Spencer recruits industry veteran to turn around food halls
Current food boss, Andy Adcock, ousted to make way for Stuart Machin after performance deteriorates
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De La Rue: what you need to know about firm that lost UK passport contract 22 Mar 10:27am De La Rue: what you need to know about firm that lost UK passport contract
The 205-year-old company has business around the world, including making polymer notes
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Labour urges crackdown on Russian money laundering through Scotland 22 Mar 9:36am Labour urges crackdown on Russian money laundering through Scotland
Party says almost 17,000 shell companies based in Scotland are flouting the law Labour has called on the government to stage a crackdown on potential Russian money laundering through opaque shell companies based in Scotland, after finding that nearly 17,000 are flouting the law. More than half of all Scottish limited partnerships (SLPs) - structures originally established in the early 1900s for farm holdings but now popular among private equity firms and investors in the former eastern bloc - have not disclosed the identity of their beneficial owners, despite new rules introduced last year.
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Bank of England leaves interest rates on hold but hints rise is coming - business live 22 Mar 9:26am Updated Bank of England leaves interest rates on hold but hints rise is coming - business live
Pound surges as two Bank of England policymakers vote to raise interest rates
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UK interest rates stay on hold but Bank of England hints at rise 22 Mar 8:37am UK interest rates stay on hold but Bank of England hints at rise
Pound up as two members of monetary policy committee vote for quarter-point increase The chances of a May rise in interest rates have increased sharply after
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Bank of England leaves interest rates on hold but hints hike is coming - business live 22 Mar 8:03am Bank of England leaves interest rates on hold but hints hike is coming - business live
All the day’s economic and financial news, including a UK interest rate decision
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Pound hits two-month high ahead of Bank of England interest rate decision – business live 22 Mar 7:43am Pound hits two-month high ahead of Bank of England interest rate decision – business live
All the day’s economic and financial news, including a UK interest rate decision
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UK retail sales rise eases pressure on high street 22 Mar 7:17am UK retail sales rise eases pressure on high street
Slight uplift in February is not enough to make up for weak December and January Tough trading conditions for Britain’s hard-pressed retail sector eased slightly in February, according to official figures showing the first increase in sales in three months.
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Markets brace for Bank of England decision after US rate hike – business live 22 Mar 7:12am Updated Markets brace for Bank of England decision after US rate hike – business live
All the day’s economic and financial news, including a UK interest rate decision
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Shell company frontmen could be jailed under UK property transparency plans 22 Mar 7:12am Shell company frontmen could be jailed under UK property transparency plans
Government confirms plans to crack down on use of shell companies to ‘launder dirty money by buying up prime real estate’ Frontmen of foreign shell companies that are used to hide the true ownership of some of London’s most expensive properties could face up to two years in jail and unlimited fines under new government plans. The government announced the new sanctions on Thursday as it unveiled plans to set out draft laws this summer to lift the secrecy surrounding foreign ownership of billions of pounds worth of British property.
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Scammed and the bank won’t pay up? Beware the Section 75 get-out clause 22 Mar 3:00am Scammed and the bank won’t pay up? Beware the Section 75 get-out clause
We fell for a scam website but Santander wouldn’t refund our money under the Consumer Credit Act
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