Global stock markets jump after trade deal limits US tariffs on EU to 15% – business live

Live, rolling coverage of business, economics and financial markets as Donald Trump and Ursula von der Leyen agree deal in ScotlandInvestors might be cheered, but the reaction this morning from European leaders to the EU’s trade deal with the US is decidedly mixed.Hungary’s prime minister, Viktor Orbán, has long been one of the most divisive voices within the EU, and he wasted no time in criticising European Commission President Ursula von der Leyen for what he described as a worse deal than the UK managed to secure. According to Reuters, Orbán told a podcast:This is not an agreement ... Donald Trump ate Von der Leyen for breakfast, this is what happened and we suspected this would happen as the US President is a heavyweight when it comes to negotiations while Madame President is featherweight.This is a moment of relief but not of celebration.I sincerely hope the United States will, in due course, turn away again from the delusion of protectionism and once again embrace the value of free trade – a cornerstone of shared prosperity. In the meantime, Europe must continue to deepen its internal market, cut unnecessary regulation, and forge new partnerships to diversify our global trade network. May Europe become the beacon of open, fair, and reliable trade the world so urgently needs. Continue reading...

Comments

Business News

Beer giant blames price disputes for declining sales

Independent

Cindy Crawford shares the morning routine that helps her feel in control of her day — before she even checks her messages

about 9 hours ago

Mark Cuban said the Trump administration needs to crack down on ads in AI models

insider

Comments

Similar News

The global environmental award hit by accusations of greenwashing

Tariffs are shifting global supply chains

World's thirst for matcha dries up global supplies

Climate: Solar And Wind Power’s ‘Unstoppable’ Global Growth

Europe, Worried by Other Global Crises, Agrees to Trump’s Trade Deal

China calls for global AI cooperation days after Trump administration unveils low-regulation strategy

China proposes global body to advance artificial intelligence

New rail spur line aims to connect Coaldale to global markets

World's thirst for matcha dries up global supplies

Coal Isn’t Dead Yet: Global Trends Defy Climate Pledges

The Guardian view on global inequality: the rising tide that leaves most boats behind | Editorial

‘Raid 2’ On Netflix Global Top 10 For Fourth Consecutive Week

UK car vehicle production falls amid global economic and trade uncertainty

Trump’s war on windmills started in Scotland. Now he’s taking it global

UK car vehicle production falls amid global economic and trade uncertainty

Global Markets Rally on Japan Deal Euphoria

I grew my career at TikTok from intern to global product marketing manager before quitting. Here's what working there was like.

‘Total infiltration’: How plastics industry swamped vital global treaty talks

India Box Office: ‘Saiyyaara’ Ranks Among Global Top Scorers

Top global banker sounds warning to Reeves on tax and regulation

Business News

Beer giant blames price disputes for declining sales

Citi launches Strata Elite Card to compete with AmEx and Chase

US and China officials meet in Stockholm to discuss how to ease trade tensions

Temu accused by EU regulators of failing to prevent sale of illegal products

Former Pizza Express boss in talks with Wildwood restaurant owner

Former Pizza Express boss in talks with Wildwood restaurant owner

Heineken sells less beer after fraught pricing talks with retailers

Yemen's Houthis threaten to escalate attacks on ships linked to companies dealing with Israel

Left-wing hedge fund D.E. Shaw fears ‘reprisals’ over DEI from Trump administration: sources

Salaries for full-time nannies in London pass £50,000 mark for first time

Admissions jump at Everyman cinema chain despite ‘challenging’ backdrop

STV warns over profits as advertising market slumps and TV projects delayed

Admissions jump at Everyman cinema chain despite ‘challenging’ backdrop

Cranswick says review ‘well advanced’ after pig farm abuse claims

Almost 50,000 firms near collapse amid ‘immense strain’ from tax hike – report

Number of UK companies in "critical" financial distress has surged more than 20% in a year

‘More to do’ on US steel tariffs than Trump and PM can resolve, minister signals

How to stop the listings exodus that's blighting the City

Swinney to press Trump on Scotch whisky tariffs exemption

Almost 50,000 firms near collapse amid strain from tax hike, report claims

Cranswick says review ‘well advanced’ after pig farm abuse claims

‘More to do’ on US steel tariffs than Trump and PM can resolve, minister signals

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

Asian shares are mixed after Wall Street sets more records for US stocks

Russia starts direct commercial flights between Moscow and Pyongyang

Stocks surge, euro steady after US-EU trade agreement

UK in 'debt doom loop', top investor warns Reeves

'I earned six-figures - but was left without a penny to escape husband who was ready to kill me'

Royal Mail scraps major delivery service from today for millions of UK homes

Lack of charging points curbs electric vehicle demand

Will Britain's most popular car ever make a comeback?

Learner drivers forced to wait more than five months to book their driving tests

Could I give £250 gifts to 400 people who then pay them to my daughters to beat inheritance tax on £100,000?

Will I lose the Winter Fuel Payment if I make a pension withdrawal to replace my 'clapped out' car?

FTSE 100 Live 28 July: Index seen higher, markets lifted by EU trade deal

Business news live: FTSE 100 to open near record high and latest bitcoin price after fall

Dunelm shoppers say there's 'no need to iron' new-in 'amazing quality' bedding

'I bought £34 Fortnum and Mason meal deal – and it left me flabbergasted'

Tesla's ability to sell cars in California hangs in the balance after a weeklong 'high-stakes' court hearing

Cindy Crawford shares the morning routine that helps her feel in control of her day &mdash; before she even checks her messages

Mark Cuban said the Trump administration needs to crack down on ads in AI models

A Russian airline that used to ferry passengers to Europe is now flying to North Korea instead

How Top Creators Are Building Hollywood-Level Brands

Yankees Enjoy Competency At Third Base With Newcomer Ryan McMahon

Pet owners 'save a ton of money' when travelling thanks to 'lifesaver' app

CC Sabathia Exudes Humility In Eloquent Hall Of Fame Induction Speech

US and China to talk trade with eye on Trump-Xi summit later this year

US to release result of probe into chip imports in 2 weeks: Lutnick

One in eight high earners with no inheritance ‘trapped by financial outgoings’

Typical price of some popular home improvements ‘has reduced in recent months’

The best new cars to own ranked by drivers - is your brand on the list?

Shareholder revolt over Wise plans to move listing to New York

Nine million Britons can afford to invest but lack 'emotional capacity' for risk

Their lives used to revolve around city traffic. They gave it up to build an island home in the Philippines for $85,000.

Torn between Amsterdam and the US for grad school, she made a pros and cons list to guide her decision. Take a look.

Marvel's new 'Fantastic Four' blasts off with $218 million in box office debut

Today’s Wordle #1500 Hints And Answer For Monday, July 28th

Cindy Crawford shares the morning routine that helps her feel in control of her day — before she even checks her messages