Business news live: Stock markets set for volatility with end of Trump's tariff pause near
It's the latter which may well be the side focus of almost everything else this week, with higher volatility expected in stock markets, currency markets and potentially bond markets too as investors grapple with the possible outcomes and nations try to seal trade agreements with the biggest economy on the planet.
The UK will also get GDP estimates later this week, while all eyes will be on Nvidia to see if the chipmaker continues its upward trajectory to become the world's first $4tn public listed company, having hit new highs recently in its share price.
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The Independent
17 minutes ago
- The Independent
Starmer fights to save ‘one-in-one-out' migrant deal during Macron state visit
Sir Keir Starmer is facing a fight to salvage his much-vaunted deal with France to return illegal migrants and halt increasing crossings of small boats across the English Channel. With Emmanuel Macron arriving on Tuesday a three-day state visit, there are concerns the prime minister's 'one in, one out' agreement is close to collapse. It is understood Sir Keir hoped the agreement would be the centrepiece of the French president's state visit, but it has stalled amid opposition from other EU countries. Italy, Spain, Greece, Malta and Cyprus wrote to the European Commission over the proposals, fearing it could see asylum seekers returned to their shores instead. It is understood that migration will be front and centre of talks between Sir Keir and president Macron in Downing Street on Wednesday, with discussions over 'returns hubs' and new tactics by French border police expected to feature heavily on the agenda. Officers were seen last week slashing inflatable boats with knives to prevent them leaving French shores. Downing Street insists the deal is not dead, but admitted the picture is 'complex' as Britain is on course for a new record in illegal crossings. The Channel migrant crisis, which helped destroy the last Tory government, appears to be dogging Sir Keir after a difficult first year as prime minister; his mantra of 'smash the gangs' and tackling the backlog of asylum cases has not reduced the numbers attempting dangerous crossings. A Downing Street spokesperson said Sir Keir and president Macron have 'an excellent working relationship', adding that Britain's 'joint work with the French which is stronger than it's ever been'. Asked about the 'one-in-one-out' agreement, the spokesperson said: 'I wouldn't comment on specific things ahead of a summit. We can expect progress on a wide range of priorities including migration, but I'm not going to speculate on specifics ahead of a summit that is yet to take place.' The leaders will also discuss defence and their joint efforts to create a 'coalition of the willing' to maintain any peace deal to end the war in Ukraine. Ahead of the visit, the pair spoke on the phone on Saturday, where they said they wanted to make "good progress" on a series of joint issues, including migration. Macron is to have the rare honour of addressing a joint sitting of the Houses of Parliament on Tuesday before being the guest of honour at an evening banquet hosted by King Charles. The prime minister is under growing pressure to get a grip on the numbers of small boats crossing the Channel after figures published last week showed that a record number of people made the journey in the first six months of this year. Home Office data shows a total of 19,982 people have arrived in the UK since the start of 2025 – the highest total for the halfway point of the year since data was first collected on migrant crossings in 2018. The prime minister has been struggling to bring down both the number of boat crossings and the amount of money spent on housing asylum seekers in hotels across the UK. But he has also faced criticism from left-wing Labour MPs and refugee charities, who have accused Sir Keir of attempting to copy Reform UK's inflammatory rhetoric. Ahead of the visit, Sir Keir and Mr Macron spoke over the phone on Saturday, where they said they wanted to make 'good progress' on a series of joint issues, including migration.
BBC News
21 minutes ago
- BBC News
Former Arsenal sporting director Edu joins Forest
Former Arsenal sporting director Edu has joined Nottingham Forest in a newly established global head of football role. Forest said the Brazilian will "oversee all football-related functions, including recruitment, performance, squad strategy and player development". Edu, 47, played for Arsenal between 2001 and 2005, winning two Premier League titles, and rejoined them in 2019 as technical director. He was promoted to sporting director in November 2022 but resigned in November 2024. "I'm truly excited about this new chapter and honoured by the trust placed in me," said Edu. "This project connects deeply with my values around innovation and long-term planning. I look forward to building a global football model that is competitive, sustainable, and aligned with our president's [Evangelos Marinakis] ambition."Forest owner Marinakis also controls Greek team Olympiakos as well as Portuguese club Rio Ave, and confirmed last December that he had been in talks to purchase Brazilian side Vasco da who also played for Valencia and had two spells at Corinthians, joined the latter as director of football in 2011 and served as Brazil national team's general coordinator from 2016 to 2019. At Arsenal, the former Brazil midfielder played a key role in recruiting manager Mikel Arteta, with the Gunners going on to win the FA Cup during the Spaniard's first major silverware has eluded them since, Edu was widely credited with helping transform the club into genuine title challengers once again.
BBC News
21 minutes ago
- BBC News
'This project connects deeply with my values' - Edu joins Forest in new role
Edu Gaspar says he is "truly excited" after Nottingham Forest announced he will take up the club's newly established role of Global Head of Football, overseeing football retiring from his playing career in 2011, Edu has held senior roles at Corinthians, the Brazil national team and, most recently, 46-year-old resigned from his role as the Gunners' sporting director in November 2024, stating it was "time to pursue a different challenge".As a player, Edu played for Corinthians, Arsenal and Valencia as well as earning 15 caps for Brazil. His time in England brought two Premier League titles and two FA his time as firstly technical director and then sporting director in North London, he was heavily involved in bringing manager Mikel Arteta to Arsenal, with the club winning the FA Cup at the end of Arteta's first season in charge."I'm truly excited about this new chapter and honoured by the trust placed in me," he said on the move."This project connects deeply with my values around innovation and long-term planning. I look forward to building a global football model that is competitive, sustainable, and aligned with our President's ambition."In his new role, Forest say Edu will "oversee all football-related functions, including recruitment, performance, squad strategy, and player development".Forest president Evangelos Marinakis added: "We are extremely happy to welcome Edu to our football family. "His global experience, values, and winning mindset align perfectly with our objective to strengthen and expand our international football platform."
