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Trump says US-China trade truce has been ‘signed’
Purported pact follows negotiations in London and Geneva to de-escalate global trade war
UK vehicle production hits 76-year low in May as Trump tariffs bite
Output plunges after Aston Martin and other British carmakers halt exports to the US
US Treasury asks Congress to scrap foreign revenge tax in Trump bill
Scott Bessent says deal with G7 would stop global minimum taxes from applying to American companies
FirstFT: Iran’s uranium largely intact, early European intelligence suggests
Also in today’s newsletter, Israel halts deliveries of aid to north Gaza and EU officials call Merz ‘delusional’ for his auto tariff expectations
Apple to open App Store to competitors in EU as it seeks to avoid fines
iPhone giant will make it easier for developers to promote their offerings
New FDI projects in the UK fall to record low
Official data fuels concerns over Labour’s ambition to attract foreign capital to Britain
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A View from the Bridge - May 2024
The Bank of England were not expected to move policy rates at today’s meeting so the focus for markets was on the updated quarterly forecasts for growth and inflation along with the accompanying minutes of the two-day policy meeting.
PegasusCapital - 24/05/2024