Trump slaps 25 per cent tariffs on India over ties with Russia July 30, 2025 President Donald Trump has vowed to slap India with 25 per cent tariffs on imports from India, with an extra unspecified “penalty” to be introduced, in an attack on its trade with Russia and “obnoxious” rules and standards. Ahead of a Friday deadline for “reciprocal” tariffs, Trump revealed Indian exports would be subjected to higher [...]
Meta and Microsoft face AI earnings test July 30, 2025 Meta, the owner of Facebook, and Microsoft will post second-quarter earnings after US markets close today (Wednesday 30 July) with analysts focused squarely on how both tech titans are monetising their multibillion-dollar artificial intelligence (AI) bets. Shares in both firms have surged around 20 per cent so far this year, fuelled by investor enthusiasm around [...]
NBA to return to London for first time in seven years July 30, 2025 The NBA is to stage a regular-season game in London 2026, ending its seven-year absence from the capital. The Memphis Grizzlies and the Orlando Magic will play a regular-season game at the O2 Arena on 18 January 2026. This is the first time an NBA game will be held in the capital since 2019, while [...]
Klarna’s AI push takes centre stage ahead of IPO July 30, 2025 Klarna seems to be making all the right steps about its AI ambitions, but is the Swedish fintech giant genuinely building an AI-first model for its users or simply crafting a compelling narrative for its much-anticipated IPO? “I’m not sure it gets a choice in the matter” Chris Jones, managing director at PSE told City [...]
Rachel Reeves’ Autumn Budget still causing negativity – CBI July 30, 2025 A streak of negative business sentiment has now lasted 10 months, a leading industry body has suggested, in further evidence that employers have struggled to turn a page on Chancellor Rachel Reeves’ £40bn tax raid at last year’s Autumn Budget. Prime Minister Sir Keir Starmer has repeatedly told MPs that business confidence was edging higher, [...]
Bank of England officials set to clash on interest rates July 30, 2025 Bank of England policymakers are set to spar on whether to hold or cut interest rates as City analysts are expecting a three-way split in the final vote. The Bank saw a 6-3 vote in favour of holding interest rates at 4.25 per cent in June while the meeting before in May saw four dissenting [...]
HSBC boss: Rachel Reeves hiking bank tax would dent growth July 30, 2025 The boss of FTSE 100 juggernaut HSBC has become the latest banking voice to warn Rachel Reeves against raising taxes on banks over fears it would harm economic growth. Georges Elhedery, HSBC’s chief executive, said on Wednesday any further financial pressures on lenders could spark trouble for the UK economy. “Additional taxation on banks runs [...]
Fleet of robots replaces human mowers at Women’s Open July 30, 2025 Organisers of the Women’s Open teeing off at Royal Porthcawl tomorrow have revealed their secret weapon for keeping the course in pristine condition: robots. A fleet of 15 autonomous mowers which use satellite technology to detect their location are being used to manicure all fairways and practice areas at the venue in Wales. This represents [...]
Will Lionesses increase interest in women’s football? I asked fans at parade July 30, 2025 I joined more than 65,000 people lining The Mall yesterday as the Lionesses celebrated their Women’s Euro 2025 triumph with an open-top bus parade. The excitement was palpable from exiting St James’s Park tube station, with fans walking steadfastly towards the Queen Victoria Memorial, where the procession culminated in a ceremony in front of Buckingham [...]
Could Astrazeneca completely switch its allegiance to the US? July 30, 2025 The UK’s largest listed companies are turning their heads towards the glimmer of the Nasdaq after growing impatient at the lacklustre performance of the London Stock Exchange. Chief among them is pharmaceutical giant Astrazeneca, which cancelled plans for a Liverpool vaccine plant due to lack of economic support earlier this year and has expressed frustration [...]
