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The Latest Breaking News from ING

What tariffs are China imposing on the US – and why are they significant?

China is quick to act when US tariffs on its imports go into effect, but experts say it’s leaving room for negotiation.

Al Jazeera

China has reacted in kind to Trump’s tariffs, but a deal may still emerge

Beijing will defend its core interests, but its initial response is more cautious than when Trump imposed levies in 2018

The Guardian - UK

Trump’s tariff war has turned into an egg war at Costco

Trump’s tariffs on imported goods and the avian flu is fueling an egg-buying frenzy at Costco.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

In win for Trump, oil giant Shell walks away from major New Jersey offshore wind farm

In the first serious fallout from President Donald Trump’s early actions against offshore wind power, oil and gas giant Shell is walking away from a major project off the coast of New Jersey

The Independent UK

How Trump tariffs could upend car markets in Europe, the US and China

Levies threaten exporters to US market, while scrapping of subsidies will hit EV sales – and Tesla could gain

The Guardian - UK

DeepSeek: What’s next for tech share prices as Nvidia suffers record $589bn drop after new AI release?

The chip maker suffered the biggest-ever one-day loss in market value on Monday - on Tuesday the share price is rising again

The Independent UK

ECB To Cut Rates Again, With A Nervous Eye On Trump

Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump's protectionist agenda.

International Business Times

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The Czech Republic's car giant Skoda is defying parent Volkswagen's downturn

Volkswagen-owned Skoda is defying a broader downturn for the German carmaker.

Fortune

German economy shrinks for second year in a row

First consecutive year of declining GDP since early 2000s highlights challenges facing next government

The Guardian - UK

UK sells £1bn of bonds on most expensive terms since 2004 – as it happened

Auction attracts solid demand; government borrowing costs ease in bond markets while pound falls again

The Guardian - UK

Why Starmer and Reeves are pinning their hopes on AI to drive growth in UK

The PM and chancellor believe AI will help British workers produce more, raising wages and releasing spare capital

The Guardian - UK

UK borrowing costs hover just below recent highs

The yield on 10-year gilts reached highs on Friday that were just below the post-2008 peak seen earlier in the week.

Evening Standard

Cuts, tax rises and doing nothing: Rachel Reeves’ options to tackle economic woe

Labour’s fiscal rules may limit the chancellor’s ability to act, but waiting it out may be the best option

The Guardian - UK

Asian Markets Hit By Worries Over US Inflation, Rates Outlook

A report saying the president-elect was considering declaring a national economic emergency to provide legal cover to impose tariffs on all imported goods added to the sense of uncertainty on trading floors.

Latin Times

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The Guardian - UK

Pound dips to 14-month low as bond sell-off piles pressure on Rachel Reeves

Sterling extends losses against US dollar before easing to half a cent down after Treasury calms market jitters

The Guardian - UK

Bond market turmoil eases as Treasury minister says ‘no need’ for government intervention – as it happened

Lib Dems say chancellor should stay and make emergency fiscal statement and also cancel planned national insurance hike

International Business Times

Asian Markets Drop As Trades Fret Over US Inflation, Rates Outlook

Asian markets struggled Thursday after a tepid lead from Wall Street, with investors growing increasingly worried about the outlook for inflation and US interest rates as Donald Trump's second presidency looms.

The National (Scotland)

Economists warn Labour will cut spending as borrowing costs rise

The Chancellor could be forced into further tax hikes or cuts to spending plans to meet UK fiscal rules after a jump in…

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news in one place.

100’s of premium titles.
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Evening Standard

Reeves may need to cut spending after jump in borrowing costs, say economists

The yield on government bonds jumped to its highest level since 2008 as the pound also tumbled in value.

The Guardian - UK

UK 10-year borrowing costs hit highest level since 2008, as Rachel Reeves’s fiscal headroom evaporates – as it happened

Bond sell-off is eating into the chancellor’s wiggle room to hit fiscal targets without spending cuts or more tax rises

The Guardian - UK

Global markets tipped to keep rising in 2025 despite trade war fears

A trade war started by Donald Trump is seen as the biggest risk to market stability next year

Latin Times

Equity Markets Struggle After More Weak China Data

The tepid start came on the year's last full week of trading, with the focus on key monetary policy decisions by the US Federal Reserve and the Bank of Japan.

The Independent UK

European Central Bank likely to cut rates while weighing US trade concerns and France's chaos

The European Central Bank is releasing its its decision on interest rates and a rate cut is a foregone conclusion

International Business Times

Amid Weak Eurozone And Political Turmoil, ECB To Cut Rates Again

Faced with a stuttering economy, political turbulence in the eurozone and the prospect of renewed trade tensions with the United States, the European Central Bank is Thursday set to cut interest rates again.

International Business Times

China's Xi Warns 'No Winners' In Trade War With US

Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year.

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