Proposed US levies would be retaliation for EU subsidies for AirbusIMF says no-deal Brexit risks two-year recession for UK Debenhams is taken over by lenders; Mike Ashley loses stakeCarlos Ghosn says ‘backstabbing’ Nissan conspiring against him 2.53pm BST The IMF has a useful chart to illustrate what it thinks will happen if there is a no-deal Brexit under two separate scenarios.The yellow line is the current forecast of relatively steady growth for the next few years (albeit slower than predicted before the EU referendum in 2016 – the green line). 2.33pm BST US stock markets have fallen at the opening bell.The Nasdaq and the S&P 500 both lost 0.4% in early trading in New York, while the Dow Jones industrial average fell by 0.5%. Continue reading…
Via: Trump plans bn tariffs aimed at EU's aircraft, cheese and wine – business live
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PIERS MORGAN: A phone call I received from a fired-up Trump should be a warning to Democrats
President Trump called me for a chat on Saturday. It was our first conversation since he unfollowed me on Twitter in April after I wrote a Mail column telling him to ‘Shut the f*ck up Read more…