Trade War Inspires Interest Rate Cut to 4.25% by the Bank of England
In light of Trump’s escalating trade war, the Bank of England has chosen to slice interest rates from 4.5% to 4.25%.
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Trade War Impact: Bank of England’s Interest Rate Cut to 4.25%
Bank of England drops interest rate to 4.25% from 4.5% due to impacts from the escalating trade war.
China Prepares for Ease in Tariff Amidst US China Trade War
In anticipation of peace talks to end the US China trade war, China has unveiled plans to mitigate tariff woes.
DoorDash Acquires Deliveroo in £2.9bn Deal
US-based delivery giant DoorDash acquires Deliveroo for £2.9bn, shaking up the global food delivery market.
Apple Moves iPhone Production Out of China
In the wake of Trump’s tariffs, Apple announces that iPhones sold in the US will no longer come from China.
Apple Shifts iPhone Production from China to US
In a major development, Apple shifts iPhone production away from China to mitigate the impact of Trump’s tariffs on US-based sales.
Largest Decline in House Prices Since August 2023, Says Lender
The UK experiences a significant decline in house prices, the largest since August 2023, largely due to lower stamp duty thresholds.
Stamp Duty Changes Trigger UK House Price Fall
The new stamp duty changes have influenced the largest monthly slide in UK house price growth since August 2023.
Food Inflation Highest in Nearly a Year: Further Hikes Expected
UK food inflation reaches near-annual peak with potential for further rise, warns industry.
UK Economic Growth Postponed, Predicts Report
A forecast warns of the postponement of the UK economic growth for two years due to multiple headwinds affecting confidence.