[ad_1] Donald Trump has attacked the head of the US central bank for not cutting interest rates, stating that Jerome Powell's "termination cannot come fast enough!".The US president took to social media to renew his criticism of Powell ahead of the third interest rate cut this year by European Central Bank (ECB).On Thursday, it announced that it had reduced the key rate "owing to rising trade tensions".Trump, who nominated Powell
[ad_1] Sainsbury's has forecast that shop profits will flatline or fall in the coming year as the supermarket sector gears up for a price war.The retailer said it expects income to dip to £1bn as it continues to invest in lowering grocery prices. Last week, Tesco admitted that it could take a significant hit if it is forced to cut prices after Asda - now under the leadership of industry
[ad_1] Gold has jumped to a fresh record high as investors fret over the impact of the trade war between the US and China.Spot gold rose above $3,500 (£2,645) per ounce on Wednesday, before dipping from its peak. It has risen by around 30% since the start of the year.The latest move comes after the head of US central bank said President Donald Trump's tariff policies are likely to mean
[ad_1] Ayeshea PereraAsia digital editorGetty ImagesNeodymium is used to make the powerful magnets used in loudspeakers and computer hard drivesAs the trade war between China and the US escalates, attention has been focused on the increasingly high levels of tit-for-tat tariffs the two countries are imposing on one another.But slapping reciprocal tariffs on Washington is not the only way Beijing has been able to retaliate. China has now also imposed
[ad_1] Jane WakefieldTechnology reporterCatherine DeaneWedding dress designer Catherine Deane says that dealing with Meta was "almost traumatising"When wedding dress designer Catherine Deane saw her company's Instagram account get hacked, she says it was "devastating"."It felt like the rug had been pulled from under us. Instagram is our primary social platform, and we've invested the most amount of time and business resources into it."To keep the account current we post content
[ad_1] Tom EspinerBusiness reporter, BBC NewsGetty ImagesThe UK government has brought in a temporary ban on holidaymakers bringing in cheese and meat products from the EU in a bid to prevent the spread of foot-and-mouth disease.Travellers have not been allowed to bring back items such as cured meat and cheese, including in sandwiches, since Saturday due to the growing outbreak on the continent.The restrictions apply regardless of whether the goods
[ad_1] The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump's tariffs.It added "severe downside risks", including reciprocal tariffs and political uncertainty, could lead to an even sharper decline in global goods trade. "The decline is expected to be particularly steep in North America," the WTO said, forecasting trade to drop by more than a tenth in that region.Ngozi Ikonjo
[ad_1] Stuart WhincupBBC Look NorthBBCKing’s Food Bank is having to downscale despite an increase in demandA food bank which provides thousands of free meals to struggling families each week said it had been forced to make most of its staff redundant due to a funding shortage. King's Foodbank, which operates out of King’s Church in Darlington and is funded by donations, provided more than 125,000 free meals to people last
[ad_1] Falling petrol prices drove UK inflation down by more than expected in the year to March.Inflation was 2.6%, down from a rate of 2.8% in February, according to official data.But the fall may only be temporary as analysts say it's expected to spike from April as rising bills and higher business costs take hold."The only significant offset came from the price of clothes which rose strongly this month," said
[ad_1] Companies have been sharing their concerns about the impact of US tariffs at the Canton Fair in Guangzhou, the world's longest running import-export fair. "We've been hearing from several Chinese companies who've told us that their products are stuck in ports here, waiting to go to the United States. The tariffs are simply too high for US buyers to afford them." "So now we have a number of businesses
