Business

Judge temporarily blocks Trump from firing Fed Governor Cook

[ad_1] A federal judge has temporarily blocked President Donald Trump from sacking Federal Reserve Governor Lisa Cook, who is part of the board responsible for setting US interest rates.It marks an early setback for the White House in an unprecedented legal battle over the independence of the central bank.In August, Trump said he had sacked Ms Cook but the Fed has said she remains as a governor.But the preliminary ruling
Business

Trump calls on EU to impose 100% tariff on China and India to pressure Putin

[ad_1] US President Donald Trump has called on the European Union to hit China and India with tariffs of up to 100% as part of his efforts to force Russian President Vladimir Putin to end the war in Ukraine, a source familiar with the discussions has told the BBC.He made the demand, which was first reported by the Financial Times, during a meeting between US and EU officials on Tuesday
Business

Rachel Reeves tightens departmental spending ahead of budget

[ad_1] Faisal IslamEconomics editorPA MediaRachel Reeves has told her cabinet colleagues that government departments will have their access to the Treasury's emergency funds limited ahead of the budget, BBC News understands.The £9bn Treasury Reserve, designed to be used for "genuinely unforeseen, unaffordable and unavoidable pressures" has recently been used to fund higher public sector pay and compensation payouts.In a letter to ministers, the chancellor said Treasury would only consider providing
Business

Supreme Court to decide if Trump’s global tariffs are legal

[ad_1] The Supreme Court has agreed to hear arguments on whether the Trump administration's sweeping global tariffs are legal. On Tuesday, it said it would review lower court decisions that found the president did not have the legal authority to enact the tariffs, which were brought in through an emergency economic powers act.The justices said they would hear arguments in the case in the first week of November - an
Business

Business chiefs urge Trump to ease up on immigration crackdown after Georgia raid

[ad_1] EPA/ShutterstockPresident Donald Trump is facing calls from business leaders to "turn the page" on his immigration crackdown after a raid at a Hyundai plant in the US state of Georgia.It was the largest such raid in US immigration history, sweeping up 475 workers, including about 300 people from South Korea. The decision to target the project, backed by a company the president has celebrated for putting money and factories
Business

London Tube strike enters third day with more disruption reported

[ad_1] EPANearly all London Underground services are suspended during the industrial actionIndustrial relations on London Underground have "totally collapsed", a union leader has warned, amid a strike by Tube workers that virtually shut down the network.It means travellers in London will continue to face disruption as thousands of members of the union take strike action over pay and working hours.Rail, Maritime and Transport (RMT) union leader Eddie Dempsey said the
Business

US job growth revisions signal economic weakness

[ad_1] The US economy added 911,000 fewer jobs than initial estimates had suggested in the year through March, according to preliminary data from the Labor Department released on Tuesday.The routine annual report - a revision to payrolls data - showed that the jobs market had been growing at a slower pace than previously thought at the end of the Biden administration and in the first months of the Trump administration.
Business

Jaguar Land Rover in daily talks with government

[ad_1] The government is in daily contact with Jaguar Land Rover and is monitoring the situation at the company very closely in the aftermath of a serious cyber attack, business and trade minister Sir Chris Bryant has told MPs.JLR says it turned off its IT systems in response to the attack, which occurred just over a week ago, to protect them from damage.However it has been unable to operate its
Business

Mitchum deodorants recalled after itchy, burning armpits claims

[ad_1] Faarea Masud & Connie BowkerBBC NewsMitchumA well-known deodorant brand has apologised and recalled some of its roll-on products after customers were reportedly left with itchy, burning armpits.Consumers of Mitchum's 48-hour roll-on anti-perspirant and deodorant complained on social media how they experienced "agonising weeping spots", redness and irritation after using the roll-ons.Posting on TikTok, one customer claimed they wanted to "rip my armpits out", while another said her underarms felt
Business

Farmers feel abandoned as Defra axes thousands of green contracts

[ad_1] James McCarthyBBC News, West of EnglandGetty ImagesThousands of Countryside Stewardship agreements will end in DecemberFarmers say they feel abandoned as thousands of long-running nature scheme payments are set to end.According to a Freedom of Information request by the National Farmers' Union (NFU), 5,830 Countryside Stewardship (CS) agreements will stop in December.These provide financial incentives to put in place measures like insecticide-free farming, wildflower strips and flourishing hedgerows. Gloucestershire arable