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German Chancellor Merz Highlights Trade Imbalance with China on Beijing Visit

Germany's Chancellor Friedrich Merz, on his first Beijing visit, highlighted the significant trade imbalance with China, calling it "not healthy" and emphasizing efforts to reduce the deficit amid broader economic and geopolitical challenges.

4 min read

John Lewis Exits Housebuilding, Halts Plans for 1,000 Homes

John Lewis is exiting its housebuilding and property management businesses due to rising costs and economic shifts, refocusing on its retail brands John Lewis and Waitrose.

2 min read

Starmer Acknowledges More Work Needed Despite £117 Energy Bill Cut from April

Energy bills in Great Britain will fall by £117 annually from April due to a 7% reduction in the price cap. Despite this, PM Starmer says more must be done to reduce living costs. Other business news includes Trainline CEO resignation, Aston Martin job cuts, and GSK's acquisition of 35Pharma.

14 min read

HSBC CEO Says Bank Overhaul Nears Completion Despite Profit Decline

HSBC CEO Georges Elhedery signals the bank's overhaul is nearly complete despite a 7% profit decline, with strategic changes boosting stock and raising profitability targets through 2028.

3 min read

RBA May Hike Cash Rate Twice in 2026 as Inflation Remains High

The Reserve Bank may raise interest rates twice in 2026 as inflation remains high, driven by a 19% surge in electricity costs after government subsidies ended, with essential expenses and construction costs also rising.

4 min read

UK Housing Market Sees 6% More Homes for Sale, Strong Rebound in 2026

Zoopla reports a 6% increase in UK homes for sale, marking the strongest February in a decade, driven by low mortgage rates and improved access for buyers.

3 min read

Shein Founder Reaffirms Chinese Roots, Pledges $1.45bn Investment in Guangdong

Shein founder Xu Yangtian reaffirms ties to China, pledges $1.45bn investment in Guangdong's garment industry amid global expansion and challenges.

3 min read

Energy Bills Set to Drop in April After Government Cost Reforms

Energy bills in England, Wales, and Scotland will fall in April due to government cost reforms, with Ofgem's price cap update expected soon. Savings vary by household, but prices remain high and debts have increased. Consumers are urged to shop around for better deals.

4 min read

Paramount Raises Warner Bros Bid to Outbid Netflix in Takeover Battle

Paramount Skydance has increased its bid for Warner Bros Discovery by $1 per share, challenging Netflix's $27.75 offer. Warner Bros is reviewing the proposals amid regulatory concerns and ongoing negotiations.

3 min read

Wales House Prices Rise Faster Than UK Average with Regional Variations

House prices in Wales rose 5% in 2025, outpacing the UK average of 2.4%, with notable regional variations and ongoing affordability challenges for buyers.

4 min read

Trump’s 10% Global Tariffs Take Effect Amid Ongoing Trade Uncertainty

President Trump's new 10% global tariffs take effect amid uncertainty for US trading partners. The UK and EU respond cautiously as White House considers raising tariffs to 15%. FedEx sues for refunds after Supreme Court blocks previous levies.

5 min read

Trump's 10% Global Tariff Takes Effect After Supreme Court Ruling

President Trump's new 10% global tariffs took effect after the Supreme Court blocked previous import taxes. The move has drawn international responses and raised trade deal uncertainties.

2 min read