World Business Report EU vows to defend interests after US tariff threat
The European trade commissioner says the EU will defend its interests in trade talks with the United States. President Trump has threatened the bloc with fifty percent tariffs.
Boeing is to avoid prosecution in a deal with the US Justice Department over a number of crashes. The deal includes the company admitting to obstructing federal aviation officials and paying $1.1 billion in fines.
Presenter Rahul Tandon examines these stories and also hears how same-sex couples are contributing significantly to the wedding industry in Ireland.
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BBC News
22 minutes ago
- BBC News
Business Matters Has a phone call led to the end of the tariff war?
The US and China have announced their delegations will meet in London to talk trade on Monday... so has a phone call between President Donald Trump and President Xi Jin Ping signalled an end to the tariff war between the World's biggest two economies? Andrew Peach discusses whether Elon Musk's time at the White House achieved anything for the tech sector that will survive his rift with President Trump. Elsewhere, we are on the road in China with a truck but no driver, and the fashion statement that's set to go up for auction in Paris. Global business news, with live guests and contributions from Asia and the USA.


Daily Mail
31 minutes ago
- Daily Mail
EXCLUSIVE One in four senior bank staff say closing branches 'isn't a concern'
More than a quarter of senior banking professionals say the closure of bank branches isn't a major concern for their business, figures seen by This is Money reveal. While as many as 27 per cent of senior bank staff said branch closures weren't a challenge to their business, the same cannot be said for the public. There is growing concern over access to bank branches, as more find themselves living in bank and cash machine deserts. Some 60 per cent of bank customers said closures have made it more difficult to speak to a member of staff, according to the data from credit information provider CRIF. A majority also said banks are now less focused on serving and looking after their customers than they were five years ago. A third said the increasing numbers of bank closures have made it more confusing to get what they need form their bank because they are now unable to speak to bank staff directly and instead often have to find information on their website. As many as 13million banking customers still rely on physical branches, recent figures from the Financial Conduct Authority reveal. Sara Costantini, regional director for the UK and Ireland at CRIF, said: 'Financial services have changed rapidly over the last decade, as people continue to embrace digital banking and manage multiple aspects of their finances online. 'The knock-on impact of this has been the reduction in physical, in-person banking services. 'While many working in the sector don't see this as a major challenge to their business, bank branch reductions are continuing to fuel concerns over the quality of customer services and what further closures may mean for the future.' How many bank branches are closing? According to data from Which?, some 379 bank closures have been earmarked for 2025, with a further 22 already planned for 2026. This is despite rules brought in last year that banks must prove to regulators that local communities will still have free cash access if they close their branch. Since 2015, there have been as many as 6,377 branch closures across the UK, meaning two thirds of all the branches open in 2015 have now closed. Bank closures are increasingly giving rise to the creation of banking deserts. Data from Nomis shows that in 2024 there are as many as 15 'grey zones' in the UK. North East Derbyshire, a district with more than 100,000 residents, has no bank branches whatsoever. In the CRIF survey, a fifth of consumers said they are concerned about the closure of more bank branches over the coming five years. Costantini said: 'The findings highlight the difficult tightrope that banks now need to walk, balancing the need to ensure their digital services remain cutting edge and up to scratch, which has become a competitive area for so many, without losing the personal touch that more traditional services offer.' Meanwhile, its not just bank branches that are shutting their doors. Between October 2019 and January 2024, there was 30 per cent reduction in the size of the UK's ATM network, likewise creating ATM dead zones and stifling Britons' access to cash. Some 23,000 ATM's are expected to be closed, leaving just 15,000 across the country, according to the UK's ATM network, Link.


Scotsman
an hour ago
- Scotsman
Mainstreaming of far-right ideas in UK politics shows why John Swinney was right to raise alarm
Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Received wisdom at Westminster has it that the far-right has never made it into UK politics. Coupled with that theory is then the debate by the same commentators around what constitutes the 'far-right'. However using the measurement of policies pursued, which is, after all, the very essence of a political movement or party, the far-right has most certainly arrived in UK politics. UK parties, across the political spectrum, now embrace the hardest of hard Brexit, unthinkable even in the aftermath of the referendum in June 2016, and a policy that has done untold damage to the economy and our rights. We also had a government that promoted the sending of asylum seekers to Rwanda and MPs who openly campaign on leaving the European Convention on Human Rights (ECHR), which has underpinned our rights since the end of the Second World War. Were the UK to leave, it would be joining Russia and Belarus in doing so, hardly polite company. Advertisement Hide Ad Advertisement Hide Ad Brexit, leaving the ECHR, and the Rwanda scheme are or were mainstream policy proposals in the UK yet they are policies that far-right parties elsewhere in Europe would baulk at. Even the hardest of hard-right parties in other parts of Europe such as the National Rally in France, the Vlaams Belaang in Belgium or Alternative fur Deutschland in Germany have abandoned plans to leave the EU, given the UK's Brexit debacle. John Swinney's stances on the EU, Donald Trump and migration, among others, have won plaudits (Picture: Jeff J Mitchell) | Getty Images An attack on justice Yet despite these policy failures, the mainstreaming of the far-right has become all too common in our politics along with their tactics. Over the past few days alone, Conservative Shadow Justice Secretary, Robert Jenrick, attacked the Labour Attorney General for doing his job and defending his clients. His remarks were described by former Conservative Attorney General Dominic Grieve 'as a direct attack on our principles of justice'. As we saw in this week's Hamilton by-election, we in Scotland are certainly not immune. Nigel Farage's attack on Anas Sarwar, which he doubled down on when challenged by the press, should act as a warning to us all. Advertisement Hide Ad Advertisement Hide Ad Such remarks are unacceptable and whereas I may have legitimate policy differences with the Scottish Labour leader, they should have no place in our political discourse. For all the heat of the campaign in the run-up to what was a hard-fought by-election, it was good to see SNP and Labour leaders call out these disgraceful comments. Zia Yusuf's resignation as chair of Reform on Thursday and his concerns around Reform in the Commons should also act as a warning. Calling out bigotry That is why the First Minister was right to bring together colleagues from across the political spectrum in a summit seeking to 'lock out' Reform from Holyrood earlier this year. John Swinney is right to call out their policies and the 'bigotry' that they represent and to call out Farage as 'an accomplice of the Russian agenda'. Advertisement Hide Ad Advertisement Hide Ad Fair play to the politicians and representatives of civil society who put any political differences aside and joined the First Minister. That meeting was criticised at the time by the Conservatives and a range of commentators. Given Reform's tactics and language over the course of the by-election campaign, we have seen just how badly needed that stance was and remains. Labour will be pleased with Thursday's win, and I congratulate them on it, however, no party can afford to be complacent about Reform. One of the lessons from Hamilton must be that the key to taking on the far-right is to challenge them on their ideas. Nigel Farage's track record is not a particularly good one. He has been a driving force campaigning to leave the EU for decades. That was a decision that has exacerbated the cost-of-living crisis, removed rights from UK citizens, damaged business, especially small-to-medium enterprises (SMEs) and ultimately made us all poorer. Advertisement Hide Ad Advertisement Hide Ad He backed Donald Trump whose presidency has destabilised the world, seen tariffs introduced that have damaged the global economy, and undermined efforts to support Ukraine against Russian aggression. 'Island of Strangers' The Reform policy platform is weak. For their opponents, that should provide ample targets. Yet, in the Westminster bubble their policies are given far too much credibility. There is an omertà around discussing the glaring failure of the Brexit experiment and the less said about Keir Starmer's 'Island of Strangers' speech on migration frankly the better. John Swinney would be the first to admit that the Scottish Government haven't got everything right. However, on the big calls around our relationship with the EU, the impact of Donald Trump's presidency, migration, child poverty and the rights we should enjoy as citizens, the SNP leader has maintained credibility for his stances, winning plaudits at Westminster and further afield. Politics is about ideas and Reform's are simply not good ones. The Conservatives and Reform are increasingly aligning on a range of policies and a pact or even merger is not out of the question. This is to be expected, given that Reform draws its politicians and many voters from the Conservatives. They have, in turn, turned their backs on One Nation conservatism, and instead the party is dominated by the Johnson/Truss populist wing, which is not so different from Farage and Reform. Advertisement Hide Ad Advertisement Hide Ad This week's by-election and the preceding campaign must act as a wake-up call. During the run-up to the Holyrood elections, there is an opportunity for all parties to set out their vision for Scotland. On the one hand, there is an inclusive, outward-looking and internationalist vision represented by John Swinney, on the other is Reform's inward and exclusive offering. I know which one I'm backing.