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IMF: US tariffs could undermine global trade

IMF, US tariffs, undermine global trade

The Trump administration's trade policies are likely to hurt the US economy and undermine the world's trade system, the IMF has warned.

 

Rolls-Royce announces 4,600 job cuts

Rolls-Royce, job cuts

Engineering firm Rolls-Royce is to cut 4,600 jobs over the next two years as part of a major reorganisation.

   

M&S profits slump on store closure costs

Marks and Spencer, big fall in annual profits, store closure plan

Marks and Spencer has suffered a big fall in annual profits following a costly store closure plan.

   

Sony buys controlling stake in EMI Music Publishing

Sony says it has agreed to buy a controlling stake in EMI Music Publishing for $2.3bn (£1.71bn) as it looks to boost its music portfolio.

   

Bank of Japan inflation target recedes as consumers resist price rises

'We expect GDP growth to slow this year which suggests that capacity shortages won’t intensify any further'

   

Japan's economy shrinks for first time in two years

Japan's economy shrank in the first quarter of 2018 for the first time in two years, ending the longest stretch of economic growth since the 1980s.

   

Nestle pays Starbucks $7.1bn to sell its coffee

Nestle has announced that it will pay Starbucks $7.1bn (£5.2bn) to sell the company's coffee into homes.

   

IMF issues warning on global debt

The International Monetary Fund says that high global debt is a concern. In a new report, the IMF says governments should use the current strong economic growth to strengthen their finances. [ … ]

   

Fed announces US rate increase

US, Fed, rate increase

The US central bank has said it will raise its benchmark interest rate citing a strengthened economic outlook.

   

Facebook value drops by $37bn amid privacy backlash

Facebook's shares have fallen sharply, wiping $37bn off the firm's value, as it faces questions from US and UK politicians about its privacy rules.

   

Trump steel tariffs: Trading partners threaten retaliation

Trump steel tariffs, trading partners threaten retaliation, US steel industry

The main trading partners of the US have reacted angrily after President Donald Trump announced plans to impose tariffs on steel and aluminium imports.

   

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