LHR shut after massive electrical fire

LHR shut after massive electrical fire

London’s Heathrow is shut with all flights cancelled or diverted following a massive sub-station fire knocks out power to the airport and to nearby neighbourhoods. The Dow and S&P 500 are slightly in the green to eke gains for the week but U.S. equities remain under pressure. DoubleLine Capital’s Jeffrey Gundlach believes a recession is a possibility. Brussels delays retaliatory tariffs on the U.S. by two weeks, pushing for further dialogue with the Trump administration. And in shipping news, Hapag-Lloyd suffers a 19 per cent fall in FY profits. CEO Rolf Habben-Jansen tells CNBC tariffs concerns are weighing on the sector.

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Episoder(1820)

President Trump slaps 50% tariff on Brazil

President Trump slaps 50% tariff on Brazil

President Trump hits Brazil with a 50% tariff - despite the U.S. having a trade surplus in goods with the country - citing the prosecution of former President Jair Bolsonaro. The world's biggest compa...

10 Jul 202526min

Trump tariffs loom over copper and pharma

Trump tariffs loom over copper and pharma

President Trump threatens substantial levies on copper and the pharma sector, as the EU scrambles to agree on a tariff deal. U.S. Commerce Secretary Howard Lutnick says that both sides are making prog...

9 Jul 202523min

President Trump unveils new tariffs

President Trump unveils new tariffs

President Trump hits trading partners with higher tariffs from August, including 25% on Japan and South Korea, while Treasury Secretary Scott Bessent says the U.S. is weighing several new deals. The E...

8 Jul 202529min

President Trump to send tariff letters

President Trump to send tariff letters

President Trump says countries will receive tariff letters from 5pm London time, as Treasury Secretary Scott Bessent confirms the measures come into effect from August 1st. Eurogroup President Paschal...

7 Jul 202527min

 The U.S. aims to finalise a flurry of deals ahead of tariff deadline

The U.S. aims to finalise a flurry of deals ahead of tariff deadline

The U.S. aims to finalise a flurry of deals ahead of its tariff deadline, while EU talks extend into the weekend. But European Commission President Ursula von der Leyen expects only a framework agreem...

4 Jul 202526min

 Speculation around UK Chancellor Rachel Reeves' future

Speculation around UK Chancellor Rachel Reeves' future

Speculation swirls around U.K. Chancellor Rachel Reeves after an emotional appearance in parliament, sparking selling across U.K. assets, with long-dated gilt yields seeing their biggest spike since A...

3 Jul 202526min

Senate narrowly passes President Trump's megabill

Senate narrowly passes President Trump's megabill

The Senate narrowly passes Trump's sweeping tax and spending bill, with attention now turning back to the House as it races to pass the package. Fed Chair Jerome Powell appears to push back at pressur...

2 Jul 202525min

ECB's Christine Lagarde warns against complacency

ECB's Christine Lagarde warns against complacency

ECB President Christine Lagarde kicks off this year's ECB Forum with a warning against complacency, but Governing Council member Pierre Wunsch tells CNBC the central bank will only stick or cut at thi...

1 Jul 202525min

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