Lucy Hooker BBC Business reporter Getty Images The name WH Smith, a staple of UK town centres since the Victorian era when it became the country’s principal newspaper distributor, is set to disappear from the High Street after the firm agreed to sell its shops to Hobbycraft-owner Modella Capital. The sale does not include the […]
Automakers can respond to President Trump’s new 25 percent tariffs on imported cars and parts in several ways. But all of them cost money and will lead to higher car prices, analysts say. Manufacturers can try to move production from countries like Mexico to the United States. They can try to increase the number of […]
Faisal Islam & Tom Espiner Getty Images British carmakers will meet ministers on Friday morning to discuss their response to US President Donald Trump’s placing 25% tariffs on car imports from next week, the BBC understands. The UK government is trying to negotiate exemptions from a wide range of US import levies due to come […]
The long-running battle over whether to allow Pacific Ocean seabed mining took an unexpected turn Thursday when a company disclosed it had been confidentially negotiating a plan with the Trump administration to circumvent a United Nations treaty and perhaps obtain authorization from the United States to start mining in international waters. The proposal, which drew […]
Mark Savage Music Correspondent Getty Images Taylor Swift was the most-streamed artist in the world last year After years of explosive growth, the music streaming market in the UK is levelling out, new research suggests. Almost half the population, 32.4 million people, has now signed up to apps like Spotify and Apple Music, according to […]
Xi Jinping, China’s top leader, met with executives of Saudi Aramco, BMW, Toyota Motor, FedEx and dozens of other foreign companies at the Great Hall of the People in Beijing on Friday as China seeks to boost foreign investment amid worsening trade relations between China and the United States. It was the third time that […]
The tariffs on cars and auto parts that President Trump announced on Wednesday will have far-reaching effects on automakers in the United States and abroad. But there will be important differences based on the circumstances of each company. Tesla The company run by Mr. Trump’s confidant, Elon Musk, makes the cars it sells in the […]
Six Russian tourists have died after a tourist submarine sank in the Red Sea near the Egyptian city of Hurghada. Thirty-nine other people were rescued after the vessel – the Sindbad – sank at about 10:00 local time (08:00 GMT), officials say. Nine are said to have been injured with four in critical condition. Two […]
All aircraft flying near Ronald Reagan National Airport will now be required to broadcast their positions to air traffic controllers, the acting administrator of the Federal Aviation Administration told a Senate subcommittee on Thursday. The policy, which took effect on Thursday, was put in place after it was revealed that technology in an Army helicopter […]
Ricardo Martinelli has been convicted of money laundering in his native Panama and sentenced to 10 years in prison. Panama’s government has approved safe passage for embattled former President Ricardo Martinelli to leave the country for Nicaragua, after facing prison for money laundering. Foreign Affairs Minister Javier Martinez-Acha Vasquez announced on Thursday that Martinelli would […]