Turkey cuts rates as turmoil over arrest of opposition leader eases
Central bank reduces main policy rate to 43%, close to level in March at start of government crackdown
Economic News
Brussels warns Beijing its running out of patience on improving relations
Also in this newsletter: EU simplification savings worth €8.5bn and Zelenskyy’s anti-corruption power grab
Hyundai profits fall 22% as US tariffs on carmakers bite
World’s third-largest auto group reports $600mn hit from levies
Roche in talks with Washington on selling drugs directly to patients
Swiss drugmaker says cutting out industry intermediaries could shave 50% off drug prices in US
Japan strikes a deal
The rate outlook is solidifying, but trade relief only goes so far
UK business activity slows as companies hit with rising costs
‘Sluggish’ growth reflects impact of Budget and geopolitical uncertainty
European stocks gain on hopes of US-EU tariff deal
Pharmaceuticals and autos advance following FT report that 15% levy deal is close
The risk to poor countries’ exports from the whims of the rich
Donald Trump’s tariff threat to Lesotho shows the danger of relying on preferential trade access
Sympathy wanes for resident doctors preparing to go on strike
Planned five-day walkout marks sharp escalation in BMA’s dispute with the government as row over pay drags on