Trumps US steel tariffs broke global trade rules scaled

Trump’s steel tariffs violated WTO regulations, says WTO

Creative Media NewsSaturday, 10 December 2022, 9:000

The World Trade Organization (WTO) has determined that the steel and aluminum import tariffs imposed by the United States under former President Donald Trump violate international trade regulations. Mr. Trump cited national security reasons when announcing the increased border levies in 2018, igniting a tidal wave of international trade disputes. The WTO rejected this argument,...

Jeremy Hunt announces massive financial reforms to ‘turbocharge’ growth.

Creative Media NewsSaturday, 10 December 2022, 5:000

Treasury officials have stated their desire for guidelines based on worldwide best practices that strike a balance between company burdens and consumer safety. The Chancellor of the United Kingdom, Jeremy Hunt, has initiated a significant overhaul of the country’s financial industry, to cut red tape and replace several EU laws. Mr. Hunt stated that the...

Michelle Mone isn’t home for Christmas on the Isle of Man.

Creative Media NewsFriday, 9 December 2022, 22:000

Baroness Mone, sometimes known as Lady M, has maintained a low profile in the aftermath of an alleged controversy involving PPE during the pandemic that has enveloped the House of Lords. She is not unfamiliar with the limelight. Michelle Mone secured a peerage in 2015 thanks to her carefully managed public image, which included a...

Toby Carvery owner Mitchells & Butlers returns to profit despite rising energy and labor costs.

Creative Media NewsFriday, 9 December 2022, 3:000

Mitchells & Butlers has returned to profitability following the removal of pandemic restrictions, despite a “very difficult” trading environment. M&B’s operating profit for the year increased from £81 million to £124 million. The company, which includes the Toby Carvery, Harvester, and All Bar One brands, made an £8 million pre-tax profit for the year ending...

Long-rumored $100,000 2026 vehicle won’t be fully self-driving because of technology.

Creative Media NewsFriday, 9 December 2022, 2:000

Apple’s long-delayed and controversial automobile project has been trimmed back; the 2026 model will not be fully autonomous. According to a Bloomberg article, the Apple automobile, internally known as Titan, would have a steering wheel and pedals, which is a step down from the fully autonomous vehicle the company had originally envisioned. In 2014, it...

Passengers were warned to expect “severe disruption”

Creative Media NewsThursday, 8 December 2022, 22:000

The Home Secretary has warned of “severe disruption” at UK airports around Christmas owing to planned strikes by border staff. Suella Braverman advised individuals to “seriously consider” their plans because “they may very possibly be affected.” Six airports will experience strikes from December 23 to Christmas Day and from December 28 to New Year’s Eve....

Taiwanese chipmaker invests $40bn in US factory

Creative Media NewsThursday, 8 December 2022, 11:000

TSMC, a multinational manufacturer of computer chips, has announced that it will invest $40 billion (£33 billion) in a massive US facility. It is one of the largest foreign investments in the history of the United States. The statement was made as President Joe Biden and the Taiwanese company’s CEO inaugurated the Arizona factory. The...

Fewer than a quarter can afford Christmas, and many are using credit.

Creative Media NewsThursday, 8 December 2022, 8:000

Less than a quarter (24%) of people, according to StepChange, are in a good financial situation coming into the holiday season, compared to over half (45%) in 2021. According to a debt charity, the proportion of people who say they can easily afford Christmas this year has nearly halved, and more people are resorting to...

Lord O’Neill’s Labor study says the British Business Bank needs a fresh mandate.

Creative Media NewsThursday, 8 December 2022, 5:000

A review led by the ex-Goldman Sachs economist would recommend examining the British Business Bank’s capacity to acquire external funds as part of an assessment of its operational independence. This week, an assessment commissioned by Labour’s shadow chancellor will conclude that the operational independence of the British Business Bank should be evaluated as part of measures...

House prices fall fastest since 2008 meltdown.

Creative Media NewsWednesday, 7 December 2022, 9:000

A typical home is now approximately £7,000 cheaper. According to Halifax’s house price index, property prices in the United Kingdom fell at the quickest rate since 2008’s financial crisis. From October to November of this year, prices fell 2.3%, the highest monthly decline since October 2008, according to the UK’s largest mortgage provider. The average...

PwC will close offices during the holidays to conserve energy

Creative Media NewsTuesday, 6 December 2022, 3:000

For the first time, one of the largest accountancy firms in the United Kingdom will close the majority of its offices between Christmas and New Year to save on energy costs. PwC, which employs approximately 24,000 people, will close its main London office and several smaller sites from December 23 to January 3. Kevin Ellis,...

Oil prices climb as a Russian crude limit goes into effect

Creative Media NewsMonday, 5 December 2022, 22:000

Concerns that a new cap on the price of Russian crude could disrupt global supplies in the coming months have pushed up oil prices. A separate agreement by major oil-producing nations to continue slashing output to support prices has also contributed to the increase. On Monday, the price of Brent crude oil increased by about...

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