The morning after US President Trump’s announcement of European and worldwide trade tariffs, which included a 10% levy for imported goods from the UK, shoppers spend on Oxford Street beneath union jack flags in London’s West End, on 3rd April 2025, in London, England. Richard Baker | In Pictures | Getty Images LONDON — The…
Mitchell Labiak Business reporter, BBC News Getty Images Tesla has denied reports that it has contacted recruitment firms to launch a search for a replacement for Elon Musk as chief executive. The Wall Street Journal reported on Wednesday that the electric car firm’s board began looking for a successor to Mr Musk last month. It…
A rush to get property purchases over the line before last month’s stamp duty rise saw UK mortgage lending hit a four-year high in March, official data shows. Bank of England figures show that the then-imminent changes to stamp duty in England and Northern Ireland triggered a 290% surge in mortgage borrowing. Separately, Lloyds Banking…
Initial unemployment claims posted an unexpected increase last week in a potential trouble sign for the wobbling U.S. economy. First-time filings for unemployment insurance totaled 241,000 for the week ending April 26, up 18,000 from the prior period and higher than the Dow Jones estimate for 225,000, the Labor Department reported Thursday. Continuing claims, which…
Eli Lilly on Thursday reported first-quarter revenue and earnings that topped estimates as demand for its weight loss and diabetes drugs soared, but lowered its full-year profit guidance due to charges related to a recent cancer treatment deal. The pharmaceutical giant now expects its adjusted fiscal 2025 earnings to come in between $20.78 and $22.28…
The authorities in the Democratic Republic of Congo are seeking to lift former President Joseph Kabila’s immunity from prosecution after accusing him of backing rebels in the east. There was a “substantial body of documents, testimony and material facts” linking Kabila to the M23 armed group, Justice Minister Constant Mutamba said on Wednesday. The M23…
Profits at the Premier Inn owner Whitbread have fallen after it was hit by higher costs and a drop in UK bookings, but shares rose on the promise of a share buyback and more hotel openings. Britain’s largest hotel group, which owns 852 hotels in the UK and 61 in Germany, reported a 14% fall…
Vanessa Buschschlüter BBC News Reuters Sister Inah Canabarro Lucas was born in 1908 The world’s oldest person, Brazilian nun Sister Inah Canabarro Lucas, has died at the age of 116. Born on 8 June 1908 in the southern Brazilian state of Rio Grande do Sul, Inah Canabarro Lucas became a Catholic nun in her early…
The logo of McDonald’s (MCD) is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s is expected to report its first-quarter earnings before the bell on Thursday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $2.66 expected Revenue: $6.09 billion expected The fast-food giant, often…
Paul Kirby, James FitzGerald and Tom Geoghegan BBC News Getty Images The US and Ukraine have signed a deal that will give Washington access to some of the war-torn country’s natural resources. Months in the making, it sets up an investment fund that Ukraine hopes will cement US assistance as the country struggles to repel…
