Global Trade and Business

US President Donald Trump has suspended tariffs on small packages from China, after his sudden order ending duty-free treatment for shipments worth less than $800 (£645) left the US postal service and other agencies scrambling to comply. BBC reports said The postal service temporarily stopped accepting packages from China as a result of the order, […]

The government’s hiked windfall tax on energy producer profits was said to be part of the company’s decision to cease production beyond 2029. Sky News revealed on Friday. Donald Trump has said the UK is making “a very big mistake” in its fossil fuel policy – and should “get rid of windmills”. In a post […]

The US is planning to ban certain hardware and software made in China and Russia from cars, trucks and buses in the US due to security risks. BBC reports Officials said they were worried that the technology in question, used for autonomous driving and to connect cars to other networks, could allow enemies to “remotely […]

China-Britain Business Council (CBBC) Chair Sir Sherard Cowper-Coles, together with a delegation of 11 British companies, met with Premier Li Qiang at the Great Hall of the People in Beijing yesterday. Sir Sherard Cowper-Coles, Chair, CBBC, and Senior Advisor, HSBC, is visiting China as part of a week-long programme including celebrating CBBC’s 70-year anniversary since founding. […]

Goldman Sachs is removing a cap on bonuses for London-based staff, paving the way for it to resume making multimillion pound payouts to its best-performing traders and dealmakers. Sky News reports The Wall Street banking giant notified its UK employees on Thursday that it had decided to abolish the existing pay ratio imposed under European […]