tax 2025 trump nba shell summer bill sales warning business

UK businesses plead for no more tax rises; Shell says it has ‘no intention’ of bidding for BP – business live

Rolling coverage of the latest economic and financial newsSterling has hit its highest level in three and a half years against the dollar, following reports that Donald Trump could appoint a new US central bank early.The dollar has weakened, after the Wall Street Journal reported that Trump was considering announcing his pick to succeed Jerome Powell – whose term expires next May – earlier than expected.In recent weeks, the president has toyed with the idea of selecting and announcing Powell’s replacement by September or October, according to people familiar with the matter. One of these people said the president’s ire toward Powell could prompt an even-earlier announcement sometime this summer.Trump is considering former Fed governor Kevin Warsh and National Economic Council director Kevin Hassett, according to people familiar with the matter. Treasury Secretary Scott Bessent is being pitched to Trump by allies of both men as a potential candidate, some of these people said. Other contenders include former World Bank President David Malpass and Fed governor Christopher Waller. Continue reading...

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