Rachel Reeves vowed to stand by her “non-negotiable” fiscal rules, as her mission to China was overshadowed by further turbulence in the gilt markets.
Visiting bicycle-maker Brompton’s flagship Beijing store on Saturday, the Chancellor declined to give a running commentary on the financial markets in the UK, but said the rules she set for herself in October were essential for economic stability.
Report by Covellm.
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As Chancellor Rachel Reeves meets her counterpart, US treasury secretary Scott Bessent to discuss an "economic agreement" between the two countries, the latest.. Sky News
Chancellor Rachel Reeves insists she is “confident” the UK can secure a trade deal with the United States but will “only ever act” in the national interest in agreeing to one. 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 has said she will be having "conversations with the US administration" next week as the UK looks to secure a trade deal with Washington. Report by Faragt. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Rachel Reeves said the UK is “resolved” to secure the best possible trade deal with the US but is also seeking to boost ties with other countries. She stressed the importance of protecting British jobs and industry while continuing talks with American counterparts. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
U.S. Treasury Secretary Scott Bessent declined to confirm direct tariff negotiations with China, suggesting that Beijing faces severe economic fallout if current trade barriers persist. Speaking to reporters, Bessent cited potential Chinese job losses in the millions and argued that the U.S. trade deficit puts pressure on China to act. While avoiding specifics on communications, he hinted at the unsustainable nature of China’s tariff stance. Beijing denies ongoing talks. The standoff continues, clouded by diplomatic silence and sharp warnings of economic instability from Washington.
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After a deadly attack in Kashmir that killed 26 people, China has urged India and Pakistan to show restraint and seek peaceful resolution. Chinese Foreign Minister Wang Yi stressed that conflict benefits no one, offering Beijing's support for de-escalation. Iran and Saudi Arabia have also stepped in, offering to mediate between the two rivals. As hostilities rise, India has expelled diplomats, suspended treaties, and closed borders, while Pakistan retaliated with its own measures. Global concern is growing over the threat of escalating conflict in South Asia.
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President Trump spoke to China's Xi about the ongoing tariff battle, claiming both nations are in an escalating tit-for-tat trade war. While China has denied formal negotiations, Trump is confident that a deal is imminent in the coming weeks. He indicated a "number" that would make China comfortable, but the tariffs continue to cause market uncertainty and global recession fears. With China offering exemptions for critical goods, businesses hope these measures will ease tensions and stabilize supply chains. But, Beijing is prepared for a long-term fight if necessary.
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Trump claims meeting with China after Beijing denies any trade negotiations
Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.
READ MORE : http://www.euronews.com/2025/04/25/trump-claims-meeting-with-china-after-beijing-denies-any-trade-negotiations
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Credit: euronews (in English) Duration: 01:16Published
China has deployed its aircraft carrier Shandong and an electronic surveillance ship to the Western Pacific in a direct response to the US-Philippines Balikatan drills and the unprecedented deployment of ship-sinking missiles in Luzon Strait. The US Navy's USS Nimitz is also active in the region. Beijing warned that any military collusion targeting China’s interests will face consequences. With 9,000 US and 5,000 Filipino troops participating, tensions in the South China Sea are at a boiling point, signaling a potential confrontation in the Taiwan Strait corridor.
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Conservative leader Kemi Badenoch says she feels “vindicated” as former prime minister Tony Blair predicts net zero plans are “doomed to fail”. Badenoch continues saying, “the plans we have for net zero by 2050 are impossible.”
Report by AJAGBEF. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Environment Secretary Steve Reed promises to use “aggressive” tactics to tackle fly tipping, arguing “people are furious to see their communities buried under an avalanche of rubbish”.
Report by AJAGBEF. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Environment Secretary Victoria Atkins calls the government’s new crackdown on the illegal dumping of litter “a mountain of rubbish”. Atkins expresses deep concern for the rural residents saying “fly tipping is the number one issue that people worry about”.
Report by AJAGBEF. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Conservative leader Kemi Badenoch accuses Labour of “chasing Reform”, saying “they want to sound like they’re strong on migration". Her comments come as the government introduces new measures to deny asylum seekers the right the stay in the UK if convicted of committing sexual offences. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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