Chancellor accused of refusing to 'face up to her own failures' amid market turmoil
Tuesday, 14 January 2025 Chancellor Rachel Reeves has been accused of refusing to "face up to her own failures" by "jetting off to Beijing" during a week of market turmoil.
Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds visit a business in Nuneaton to promote the government’s new industrial strategy Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves doesn’t say whether the UK believes strikes by the US on Iran were legal. The Chancellor tells broadcasters during a visit in the West Midlands: "It is up to the US to make that case. We were not involved in these actions and, of course, we would never comment on the legal advice that the government receives." Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Following the Bank of England’s decision to leave UK interest rates at 4.25%, Rachel Reeves says the government respects the Bank's decision. Speaking at the Times CEO Summit in central London, the Chancellor says, "we respect independent economic institutions, and the Bank has got an incredibly important but difficult job to do”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves says it is "disappointing" to have a month of "bad data", as the latest figures show the UK economy shrunk by 0.3% in April, a figure higher than expected. But the chancellor says U.S. trade tariffs have had an impact. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Watch: Humanoid robots stumble through AI-powered football match in Beijing
In Beijing, humanoid robots competed in a 3-on-3 football match, stumbling and needing stretchers, offering a glimpse into the future of AI robotics.
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A shocking Czech intelligence report has revealed that Chinese agents plotted a staged car crash to intimidate Taiwan’s Vice President-elect Hsiao Bi-Khim during her 2024 visit to Prague. Described as a “demonstrative kinetic action,” the operation was orchestrated by individuals linked to China’s embassy in Prague. Military intelligence says the attempt never advanced past the planning stage — but a Chinese agent’s reckless move, running a red light while tailing Hsiao’s convoy, sparked the investigation.
Taiwan’s Presidential Office has condemned the plot, while Czech officials quietly raised concerns with Beijing. The incident further exposes China’s covert operations and aggressive attempts to isolate Taiwan diplomatically. Lawmakers in Taiwan called the plot an act of “transnational repression.” Despite China’s pressure on global governments, Taiwan continues to assert itself as a sovereign democracy — and this failed intimidation attempt may have backfired for Beijing.
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President Donald Trump has confirmed a new trade deal with China focused on expediting rare earth shipments to the U.S. After secretive negotiations in London, Beijing has agreed to ease export controls while Washington lifts several restrictive measures. This breakthrough follows accusations of non-compliance after the Geneva pact in May. The fragile agreement signals a major de-escalation in the US-China trade standoff and could reshape the global tech and defense supply chain. Trump teased the deal during a high-profile event, declaring it a "big win" for American industry.
#USChinaTradeDeal #TrumpChinaDeal #RareEarths #TradeWar #BreakingNews #GenevaAgreement #ChinaExports #USImports #TrumpTradePolicy #BeijingWashington #LondonTalks #ChinaTradeMinistry #TariffRelief #GlobalTrade #ExportControl #SupplyChainCrisis #ChinaUSRelations #RareEarthSupply #TradeBreakthrough #TrumpAnnouncesDeal
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Pakistan has confirmed that China shared with it its intelligence input during Operation Sindoor. Though many people in India have said so earlier, it is the.. DNA
European Commission President Ursula von der Leyen reminded Donald Trump that the EU remains open for a trade deal—but the U.S. President made it clear: China and India come first. Speaking after sealing deals with Beijing and hinting at a "very big" one with India, Trump gave no indication of engaging with Europe anytime soon. The EU, once a top U.S. economic partner, is now seemingly sidelined as Washington pivots eastward. The diplomatic slight leaves Brussels waiting in line—behind two of the world’s biggest emerging powerhouses.
#TrumpChinaIndiaDeal #TrumpSnubsEU #VonDerLeyen #USIndiaTrade #USChinaDeal #EUSidelined #GlobalTradeShift #AmericaFirstPolicy #EUTradeTalks #TrumpPriorities #IndoUSRelations #ChinaUSDeal #TrumpVsEurope #TradeDiplomacy #GlobalPolitics #ModiTrumpDeal #BeijingWashingtonTrade #BrusselsLeftBehind #TradeShock #GeopoliticalReset
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