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Burry exits Alibaba, builds large JD.com position over valuation concerns
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Canada Announces Retaliatory Tariffs on US Steel, Dairy as Trade War With Washington Escalates
OTTAWA — Canadian Prime Minister Mark Carney announced Saturday that Canada will impose retaliatory tariffs on the United States, matching Washington’s newly imposed 50% levy on $20 billion worth of Canadian goods dollar for dollar, after days of intense trade negotiations between the two longtime allies collapsed late Friday.
Speaking to reporters in Ottawa, Carney said the new Canadian tariffs will target U.S. steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, along with certain other products previously targeted by U.S. tariffs against Canada. The measures are set to take effect Sept. 8. “Canada will match Washington’s new tariffs dollar for dollar in order to protect Canadian workers, farmers, families, and businesses,” Carney said.
The breakdown in talks came after the Trump administration imposed new 50% tariffs covering roughly $20 billion in Canadian goods, or approximately 5.5% of Canada’s total exports to the United States, affecting sectors including wine, furniture, dairy products, cement, clothing, fishing rods and hockey equipment. President Donald Trump responded to Carney’s retaliation announcement in a post on Truth Social, writing, “Canada wants the benefits of being a State, without being one!!!” Trump also claimed Canada has charged U.S. farmers “massive amounts” of tariffs for years, adding, “No more!!!”
Carney said the negotiations broke down after the United States proposed conditions his government found unacceptable, despite what he described as positive momentum in earlier talks. “In recent days, the United States proposed new terms that were uneconomic, unfair and undermined the net benefits for Canada, and called into question the reliability of any deal,” Carney said, adding that the U.S. demands included restrictions on Canada’s ability to pursue new trade agreements with other countries. “We cannot accept what they’ve offered, and we will not give what they’ve asked,” he said. Carney further alleged that U.S. negotiators made unacceptable threats concerning the French language and Quebec culture, referring to Canada’s French-speaking eastern province.
Carney said his government would release further details of its retaliatory response in the coming days, and separately indicated Canada would announce support measures next week for industries directly affected by the new U.S. tariffs, support he said could remain in place for years.
The economic consequences of the escalating trade dispute are expected to be significant for Canada, which relies on the United States for nearly 70% of its total exports. Al Jazeera’s David Mercer, reporting from Calgary, described the anticipated fallout. “Costs are going to go up, prices are going to go up, unemployment is going to go up as well,” Mercer said, adding that some small and medium-sized Canadian businesses have been warned they may be forced to declare bankruptcy as a result of the tariffs. At the same time, Mercer noted, Carney has sought to frame the trade war as an opportunity for Canada to diversify its economic relationships. “He’s been around the world, he’s been talking to countries in Asia, in Europe, shoring up new trade relationships, wanting to diversify Canada’s economy and Canada’s trade relationships with other countries around the world just to get away from that dependency that Canada has traditionally had on the United States,” Mercer said.
Public opinion in Canada appears to broadly support Carney’s harder line. A poll conducted by Leger last week found that 56% of Canadians favored a tougher approach toward the United States in trade talks and opposed making further concessions.
Ontario Premier Doug Ford, one of the most vocal Canadian critics of the U.S. tariffs, voiced support for Carney’s decision to retaliate. “I’m glad he didn’t sign that deal because it was a bad deal. It was a bad deal for Ontario. It was a bad deal for the auto sector, the steel sector, and manufacturing sector,” Ford told reporters Saturday.
Reaction among ordinary Canadians reflected a mix of defiance and concern. Stuart Edwards, a resident of Port Colborne, Ontario, said the trade war would “hurt everybody” and called the situation “just sad.” He placed blame squarely on Washington. “We have a bully in Washington, and he’s just hitting us all with the big stick all the time,” Edwards said. “And we’re not going to put up with it; Canada isn’t. We’ll fight back.” Pamela Coulis, from Fort Erie, Ontario, expressed worry about the practical financial impact of rising prices. “I think probably the gas will go up even more, and all products, from food to, I don’t know, wood, everything else,” she said.
Diamond Isinger, a former special adviser to ex-Canadian Prime Minister Justin Trudeau, argued that retaliation, despite its costs, represented Canada’s only viable path forward. “It’s going to cause pain and challenge for Canadians and Americans alike — in terms of the actions that, unfortunately, the US has taken as well as Canada’s retaliation. But ultimately this was the way forward; this was the only realistic next step,” Isinger said. She argued that the Trump administration tends to respond most effectively to firm resistance. “Because the US administration responds best, of all the responses that they could have, to all the actions that a government like Canada could take, to strength,” Isinger said. “So, we could not simply accept 50 percent tariffs going forward. We had to move forward with our own retaliatory package.”
U.S. Trade Representative Jamieson Greer indicated Saturday that no further talks with Canada are currently planned. “We’re moving forward with measures that respond to Canadian retaliation,” Greer told Fox News, adding, “They’ve always had the best deal, and they still would have an even better deal, but they didn’t want that.”
The escalating dispute has also drawn criticism from Democratic lawmakers and governors in U.S. border states, including Minnesota, New York and Washington, who have blamed Trump for triggering economic disruption that will raise costs for American businesses and consumers. New York Gov. Kathy Hochul criticized the administration’s approach in a post on the social platform X. “Needlessly picking fights with our allies and raising prices here at home. That’s Trump’s economic policy in a nutshell,” Hochul wrote.
The Business Roundtable, a group representing roughly 200 chief executives of major U.S. corporations, also warned that the new tariffs risk raising costs for American businesses and families, and urged both governments to resume negotiations. As of Saturday, no new talks between the United States and Canada had been scheduled, leaving both economies bracing for the mutual tariffs set to take effect Sept. 8.
Business
Theo James Rules Himself Out as Next James Bond, Saying He’s ‘Too Old’ for the Iconic Role
Theo James, star of “The White Lotus” and Netflix’s “The Gentlemen,” has ruled himself out of contention to play the next James Bond, telling British GQ he believes he has aged out of consideration for the role even as speculation about who will succeed Daniel Craig as 007 continues to intensify.
“I’m definitely too old now, for one,” James told the outlet, addressing months of fan and industry speculation that had positioned him as one of the more prominent contenders for the role. James, 41, made his comments as part of a broader interview in which he explained his reluctance to take on a franchise commitment of that scale and public visibility.
James elaborated on his concerns about the level of fame that would accompany the role, framing his hesitation specifically around the impact such visibility could have on his family. “Imagine, suddenly, you and I cannot walk down the street. What that does to your children, who are trying to find themselves in the midst of hyper-scrutiny and fame. None of that, to me, is worth it,” James said. He acknowledged the appeal of a role like Bond in the moment, while ultimately concluding it wasn’t a trade-off he was willing to make. “At the time, it’s very intoxicating, being offered some huge, sexy part that would change your life forever. But it really wouldn’t ultimately be worth it,” he said.
James went further in describing the permanence of the fame that comes with playing one of cinema’s most recognizable characters, suggesting there would be no returning to a more private life afterward. “That would be an example of a place you could never come back from,” he said.
Despite James’ own assessment that he is too old for the part, his age would not have placed him outside the historical range of actors who have taken on the role. Daniel Craig was 38 when he debuted as Bond in 2006’s “Casino Royale,” while his predecessor, Pierce Brosnan, was 42 when he first played the character in 1995’s “GoldenEye.” At 41, James would have fallen comfortably within that established range.
James is not the only prominent name to have publicly stepped back from Bond speculation. Henry Cavill, 43, has similarly downplayed the likelihood that he would take on the role, according to MovieWeb, adding to a growing list of previously rumored contenders who have distanced themselves from the search.
The search for Craig’s successor has taken on particular significance given how long the actor held the role. Craig officially departed the franchise following the 2021 release of “No Time to Die,” a film that had faced multiple delays due to the coronavirus pandemic before finally reaching theaters. Craig had confirmed well before that release that the film would mark his fifth and final outing as Bond, a run that began with his 2006 debut in “Casino Royale.” With Craig’s tenure now concluded, producers face their first opportunity to recast the character in more than two decades.
That search carries added weight given how producers approached Craig’s own casting. When Craig was selected for the role, he was widely considered an unconventional choice at the time, but the decision to reset the “Casino Royale” storyline to depict an earlier chapter in Bond’s career gave Craig significant creative latitude to reinterpret the character on his own terms. By contrast, MovieWeb noted that earlier actors who took over the role from established predecessors faced the more difficult task of both honoring prior portrayals and finding their own distinct interpretation of the character, a dynamic that has fueled continued public fascination with who might eventually inherit the role this time around.
Filmmakers behind the franchise are reportedly hoping that whoever is ultimately cast can sustain a tenure in the role comparable to Craig’s 15-year run, rather than the shorter stints of predecessors such as George Lazenby, who appeared in only one Bond film, or Timothy Dalton, who starred in two. Given that expectation, MovieWeb noted that if James had been cast despite his stated reservations, he could theoretically have remained in the role until around age 60, based on the kind of extended tenure producers are said to be seeking.
No official timeline has been announced for when a new Bond will be revealed, though some reports have suggested an announcement could come before the end of 2026, according to MovieWeb’s reporting.
James’ comments have added fresh fuel to ongoing public speculation about who might ultimately take on the role, a debate that has continued to generate significant fan engagement across social media and entertainment forums. Names frequently floated by fans and industry observers in connection with the search have included actors such as Aaron Taylor-Johnson, Tom Hiddleston and Richard Madden, among numerous others, reflecting the intense public interest that has surrounded the search for Craig’s successor since his departure from the franchise became official.
With James now formally removing himself from consideration, joining Cavill in publicly stepping back from the speculation, the pool of widely rumored contenders continues to narrow even as producers have offered no official confirmation regarding their actual shortlist for the role. Until an official announcement is made, public speculation surrounding James Bond’s next on-screen incarnation is likely to remain one of the most closely watched ongoing storylines in Hollywood casting news, particularly as the franchise approaches what would mark its first new Bond casting in over 20 years.
Business
(PHOTO) Erling Haaland Ditches Iconic Viking Ponytail for Buzz Cut Ahead of Man City’s Season Opener
Manchester City striker Erling Haaland surprised fans Sunday by revealing he has cut off his trademark long blonde hair in favor of a short buzz cut, ending an era in which his flowing Viking-style locks became one of soccer’s most recognizable personal brands, just hours before City’s Premier League opener against Bournemouth.
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The Norwegian striker shared a series of images and a video documenting the transformation on social media Sunday morning, accompanying the post with a brief message about the new campaign. “New season, new trim,” Haaland wrote, according to Goal.com. The 26-year-old’s decision marked a significant departure for a player who had spent the past several years cultivating one of the sport’s most distinctive personal looks, often styled in a ponytail, top knot or bun during matches.
Haaland’s long hair had become closely intertwined with his broader public image, particularly following Norway’s unexpected run to the quarterfinals of the 2026 FIFA World Cup, where his flowing blonde hair, paired with the team’s Viking-rowing fan tradition, helped fuel a wave of viral attention. According to ESPN, fans wore Haaland wigs, shared memes referencing his distinctive running style, and even held a Haaland lookalike contest in Miami during the tournament, underscoring just how central his hairstyle had become to his public persona at the height of that summer’s tournament mania.
Notably, Haaland’s decision to cut his hair represents a reversal of a stance he had maintained publicly in the past. According to Goal.com, the striker had previously cited Swedish striker Zlatan Ibrahimovic as his inspiration for keeping his hair long, and had, before the World Cup, been asked directly whether he would ever consider adopting a shorter style, a suggestion he had at the time dismissed.
Reaction to the transformation was swift and largely one of shock among fans. LADbible captured the sentiment directly, noting that Haaland’s long hair, whether tied up in a ponytail, styled in a top knot, or worn flowing in a bob, had become nearly as much a fixture of both his club and international teams as his goalscoring itself, having been recreated in countless memes throughout the World Cup. According to the outlet, one fan reacted to the announcement with visible alarm, writing simply, “Erling what did you do,” reflecting concern among some supporters that Haaland may have inadvertently parted ways with what they viewed as something of a good-luck charm heading into the new season.
Haaland’s hair had also carried genuine commercial significance beyond its viral social media appeal. According to Hello Magazine, the striker had financially invested in the hair-tie brand Bon Dep, particularly favoring the company’s Kknekki hair ties, which experienced a significant surge in both sales and social media followers after the brand released a limited-edition Haaland collection featuring eight hair ties matching the colors of Norway’s kits, each fitted with a bead. That product reportedly sold out immediately upon launch, and the brand’s website traffic increased by 70% following the release, according to figures cited by Hello Magazine. Haaland has also served as a global ambassador for the men’s shampoo brand Clear Men, which built a marketing campaign around the excitement surrounding his appearance at the World Cup.
Sunday’s dramatic haircut arrives at a significant moment for both Haaland and Manchester City. The transformation was revealed just ahead of the club’s opening match of the 2026-27 Premier League season against Bournemouth, according to ESPN. The coming campaign will mark Haaland’s first full season without longtime manager Pep Guardiola, who stepped down as City’s head coach last summer and was replaced by former Chelsea manager Enzo Maresca. Since joining Manchester City from Borussia Dortmund in July 2022, Haaland has established himself as one of the Premier League’s most prolific goalscorers, finishing as the league’s top scorer in three of his four seasons with the club.
Haaland’s hairstyle has actually cycled through several distinct phases throughout his career, according to Hello Magazine’s retrospective coverage of his evolving look. Despite becoming synonymous in recent years with his long blonde locks, the Norwegian striker did not always favor longer hair; earlier in his career, including stints with Molde FK, Red Bull Salzburg and his early days at Borussia Dortmund, he wore considerably shorter styles, including a center-parting cut he briefly revived ahead of the 2025-26 season before ultimately returning to his longer look for the World Cup.
Haaland comes from a soccer family, with his father, Alf-Inge Haaland, having previously played in the Premier League himself. The younger Haaland began his own playing career at age 5 within Bryne FK’s youth academy, before progressing through Molde FK, Red Bull Salzburg and Borussia Dortmund en route to his high-profile move to Manchester City in 2022.
With his new buzz cut now revealed just hours before kickoff against Bournemouth, attention will quickly shift back to Haaland’s on-field performance as City look to reassert themselves at the top of the Premier League table under Maresca’s first full season in charge. Whether the striker’s dramatic new look carries any bearing on his form heading into the new campaign remains, of course, purely a matter of superstition rather than substance, though that has done little to quell the intense fan reaction the transformation generated within hours of Haaland sharing the news on social media Sunday morning.
Business
(VIDEO) Hawk Fire Near Reno Tops 10,500 Acres as Nevada Declares State of Emergency in Washoe County Saturday
RENO, Nev. — A fast-moving wildfire burning in the mountains northwest of Reno grew to more than 10,500 acres by Saturday evening, forcing thousands of residents from their homes and prompting Nevada Gov. Joe Lombardo to declare a state of emergency in Washoe County as dry, windy conditions continued to fuel the blaze.
The fire, named the Hawk Fire, was first spotted just before 11:30 a.m. Saturday and expanded rapidly throughout the day, reaching 2,500 acres by early afternoon before continuing to grow to 10,523 acres by Saturday evening, according to figures from the mapping platform Perimeter Map. According to CNN, the fast-growing brush fire forced residents of northwestern Reno from their homes Saturday night, prompting Lombardo’s emergency declaration in Washoe County.
A fast-moving wildfire north of Reno has burned more than 10,000 acres and forced thousands of residents to evacuate, prompting Nevada to declare a state of emergency as dry, windy conditions keep the blaze at 0% containment pic.twitter.com/BH6PKdyyc3
— Breaking911 (@Breaking911) August 23, 2026
The Hawk Fire is burning in a mountainous area with roughly 1,000 homes located along U.S. Highway 395, according to 8 News Now. The area lies north of Interstate 80 and south of U.S. 395, a region with extensive roads but relatively limited development. Reno officials advised residents in the affected area to evacuate to the Evelyn Mount Northeast Community Center, the same evacuation center previously used for two other wildfires, the Bug Fire and the Stallion Fire, that had burned in the same general area earlier this month and have since been contained.
Reno police asked residents to check the Perimeter Map platform for up-to-date evacuation information, according to La Voce di New York. Portions of Highway 395 were shut down as a result of the fire’s rapid growth, further complicating evacuation efforts and travel through the affected region.
Saturday’s fire adds to what has already been an intense and sustained wildfire season for the area north of Reno. Earlier this month, the Bug Fire, Stallion Fire and Fred Mountain Fire burned simultaneously in the same general region, prompting more than 13,000 residents to evacuate at the height of that combined threat, according to the Nevada Army National Guard. Eleven structures were lost across those earlier fires, though officials noted that initial fire behavior predictions had forecast far worse outcomes than what ultimately occurred following the fires’ ignition on Aug. 9.
Col. Kyle Cerfoglio, director of the Nevada Joint Staff, whose own home fell within Washoe County’s “get ready to evacuate” zone during that earlier fire complex, credited the rapid emergency response for preventing more severe damage. “There’s no doubt this fire would have been much worse had it not been for the quick and rapid response from first responders around the region,” Cerfoglio said. “This fire came dangerously close to many homes.” The Bug Fire ultimately reached 93,733 acres before crews achieved 94% containment, while the Stallion Fire reached 95% containment after also burning tens of thousands of acres, according to the Nevada Army National Guard’s summary of the earlier response.
That earlier fire complex expanded dramatically in the days following Nevada’s initial state of emergency declaration. According to 8 News Now, the combined perimeter of the Bug and Fred Mountain fires grew by more than 500% in the days after Lombardo’s initial emergency declaration, driven by wind gusts reaching up to 30 mph, eventually stretching evacuation zones from the California border to areas roughly 30 miles east near the southern tip of Pyramid Lake. At the height of that earlier crisis, the combined fire perimeter approached 100,000 acres, with water-scooping aircraft working to defend homes and other structures directly in the fires’ path.
Deputy Chief Shannon Lewis of the Truckee Meadows Fire Protection District emphasized the importance of prompt evacuation compliance during the earlier fire response, guidance that remains directly relevant to residents now facing the Hawk Fire. “If we do have an evacuation warning it is so important to leave,” Lewis said. “If you are leaving at the last minute its gonna slow our resources down. And also you could get stuck in a traffic jam and you wont be able to get out and the fire could get close to your vehicle.”
The scale of destruction from earlier wildfires in the broader Reno-area region has varied significantly depending on wind conditions and terrain. During a separate, earlier wind-driven wildfire that burned between Reno and Carson City, an estimated 18 homes were lost in Washoe Valley, with Truckee Meadows Fire Protection District Chief Charles Moore warning at the time that the entire Washoe Valley area was considered at risk given the fire’s unpredictable behavior amid winds gusting in excess of 70 mph along the eastern front of the Sierra Nevada.
Evacuation centers established during earlier fires in the region have sheltered significant numbers of displaced residents. According to This Is Reno, the Evelyn Mount Community Center sheltered nearly 70 residents during one recent evacuation period, with additional evacuees staying outside in the parking lot overnight due to capacity constraints. Air quality monitoring conducted by Northern Nevada Public Health during that earlier fire event found conditions generally in the “good” to “moderate” range across most of Washoe County, though areas near and downwind of the fire experienced unhealthy air quality for sensitive groups or worse.
Officials have repeatedly emphasized the importance of residents relying on official channels, including the Perimeter Map platform and the Watch Duty app, for accurate, real-time evacuation information rather than unverified reports circulating on social media. Residents have also been asked to reserve 911 calls specifically for new emergencies, with general information available through the Washoe311 non-emergency information line.
With the Hawk Fire continuing to burn at 0% containment amid dry, windy conditions Saturday evening, officials have not provided a timeline for when containment efforts might begin gaining meaningful ground. Given the pattern established by earlier fires in the same region this month, further evacuation orders and warnings are likely as fire crews, the Nevada National Guard, and mutual aid resources from surrounding states continue working to protect homes and infrastructure across the fire’s expanding perimeter northwest of Reno.
Business
Bitcoin pares losses as recent rally finds fresh momentum

Bitcoin pares losses as recent rally finds fresh momentum
Business
China emerges as key issue in Trump’s trade fight with Canada
Canadian prime minister says U.S. sought to restrict Canada’s ability to strike trade deals with other countries.
President Donald Trump’s latest trade fight with Canada has a faraway force at its center: China.
As Washington presses Ottawa to do more to prevent Chinese steel, aluminum and other goods from reaching the U.S. market through North American supply chains, Canada is pursuing renewed economic ties with Beijing, adding a fresh complication to already tense trade talks.
At the heart of the fight is transshipment — routing goods through an intermediary country, sometimes after limited processing, before they reach their final market. U.S. officials fear steel and aluminum made in China or elsewhere could be processed in Canada or Mexico and then enter the United States as regional content.
TRUMP JUST EXPANDED HIS TARIFF PLAYBOOK WITH A POWERFUL TRADE WEAPON NO PRESIDENT HAS EVER USED

President Donald Trump and Canadian Prime Minister Mark Carney have traded criticism following the collapse of U.S.-Canada trade negotiations. (Anna Moneymaker/Getty Images) / Getty Images)
The U.S. and Canada addressed that risk in a 2019 joint statement resolving an earlier steel-and-aluminum tariff dispute. The countries agreed to prevent steel and aluminum made outside the U.S. or Canada from being transshipped into the other country, and said they could distinguish between steel melted and poured in North America and steel made elsewhere.
U.S. trade hawks now argue Canada should accept tougher safeguards as Washington seeks to limit China’s role in critical manufacturing supply chains.
Canada claims it is already taking steps to keep foreign steel from flooding its market. Ottawa limits some steel imports from countries without a free-trade agreement, including China, and imposes a 50% surcharge once those limits are exceeded.
A POPULAR COCKTAIL HAS A TRUMP TRADE PROBLEM YOU PROBABLY DIDN’T KNOW ABOUT

China’s President Xi Jinping and President Donald Trump visit the Temple of Heaven on May 14, 2026, in Beijing, China. (Brendan Smialowski/Pool/Getty Images / Getty Images)
But Canada has also moved to strengthen trade ties with Beijing.
In March, China agreed to reopen its market to several Canadian farm and seafood exports, including canola, peas, lobster and crab. Canada, meanwhile, established a 49,000-vehicle annual quota for Chinese EVs at the 6.1% most-favored-nation tariff rate, removing its previous 100% surtax.
Canada also extended tariff relief for some Chinese steel and aluminum products it says are in short supply. Officials say the arrangement is part of a broader effort to diversify Canada’s trade relationships. China is Canada’s second-largest merchandise trading partner.
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A container ship sails out of the port in Qingdao, in China’s eastern Shandong province on August 7, 2025. (STR/AFP/Getty Images / Getty Images)
The arrangement has fueled criticism in Washington that Canada is moving in the opposite direction from the Trump administration’s effort to build a more China-resistant North American trading bloc.
For Trump, the growing question is whether Canada is willing to embrace the same approach — or whether it’s bid to expand trade with Beijing will become another fault line in an already tense relationship.
Business
Nvidia, Fed Confab, Inflation, GDP, and More to Watch This Week
Nvidia, Fed Confab, Inflation, GDP, and More to Watch This Week
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JLR pauses redesign for two years
Jaguar Land Rover has delayed plans for an all-electric version of the Defender, its bestselling model, after placing a two-year pause on a full redesign of the vehicle as part of a cost-cutting shake-up at Britain’s biggest carmaker.
The pause applies to the standard, full-sized Defender. Plans for JLR’s “baby Defender”, a smaller electric version of the vehicle, will still go ahead.
The company has previously said that the “architecture” of the full-sized Land Rover Defender, relaunched in late 2019, means it is too difficult to incorporate an electric vehicle battery. As a result of those restrictions, it said customers would have to wait for the fully redesigned version to be launched.
That generational redesign had been anticipated in 2028-29, although no date had formally been announced. Sources familiar with the situation said it will now be delayed into the 2030s.
JLR said: “Defender is one of JLR’s greatest success stories. With more than 75 years of heritage, purpose and proven capability, it is our class-leading bestseller due to continued strong global demand and enduring brand appeal.”
The move comes with JLR’s new chief executive, PB Balaji, under pressure to cut costs following a tumultuous 18 months for the carmaker, according to industry sources. JLR is owned by the Indian giant Tata Motors.
The company has had to contend with President Trump imposing tariffs on its vehicles. While Sir Keir Starmer negotiated a deal to reduce import taxes on UK-made vehicles to 10 per cent, Balaji is understood to have conceded that even this increase cannot be passed on to American customers.
JLR is understood to have told staff that the two-year pause on the next version of the Defender is down to the current model’s success. The company is selling 110,000 Defenders a year, almost a third of the 350,000 cars it sold in total in its financial year to March 2026.
North America is JLR’s biggest single market, representing 28 per cent of sales. Earlier this month, the company announced it would begin manufacturing the Defender in the United States in conjunction with Vauxhall owner Stellantis, in order to avoid Trump’s tariffs.
American-bound Defenders are currently designed and engineered in the UK, with the engines built in Wolverhampton. But the vehicle’s final assembly line is in Slovakia, meaning it attracts US import tariffs of 15 per cent rather than 10 per cent, on account of being exported from the EU.
The decision to delay the Defender’s full redesign, and therefore push back an all-electric version of the car, comes as the UK consults on watering down electric vehicle sales targets. Initially hatched during the final throes of Sir Keir’s administration, Andy Burnham, the prime minister, has unveiled a consultation on reducing those targets, for the proportion of EVs among all new cars sold, to as low as 50 per cent by 2030, from the current goal of 80 per cent.
The consultation follows the government conceding that demand among UK drivers for EVs is lower than anticipated.
Ministers have insisted that a ban on the sale of new petrol and diesel cars in 2030 will remain in force, although there is scepticism within the industry about the feasibility of this commitment, as it may require 50 per cent of all cars sold to be hybrids and the government has yet to define exactly what constitutes a hybrid vehicle.
Business
‘The Voice UK’ Fans Furious as Show Skips Coaches’ Opening Performance for First Time in 15 Years

Fans of “The Voice UK” reacted with frustration Saturday night after the ITV singing competition returned for a new series without its traditional opening coaches’ performance, a staple of the show’s format that had appeared at the start of every previous season for 15 years.
The show returned Saturday with will.i.am, Sir Tom Jones, and McFly members Danny Jones and Tom Fletcher back in their coaching chairs, joined for the first time by Destiny’s Child singer Kelly Rowland as the newest addition to the panel. While fans expressed excitement at seeing Rowland take her place in the show’s signature spinning red chair, many were disappointed that her debut did not include participation in the coaches’ traditional group performance, which typically opens each new series.
Instead of the customary performance, Saturday’s episode simply introduced the coaches directly to the audience without the accompanying musical number. The change quickly drew criticism from longtime viewers on social media. One fan wrote on X, “They got Kelly Rowland on the panel and for the first time in 15 years DIDN’T open the series with a coaches performance?! Fire the producers #TheVoiceUK.” Another viewer echoed the frustration more bluntly, writing, “No coach performance?!? wtf #TheVoiceUK.” A third fan questioned whether the segment had simply been left out of production entirely, tweeting, “Did they not film a coaches performance this year or what.”
Beyond the absent tradition and Rowland’s arrival as a new coach, Saturday’s premiere also introduced a new format twist to the show: a “rewind button.” The new feature gives each coach the opportunity to offer a singer a second chance to turn their chair, even if that coach did not initially turn around during the contestant’s original performance.
Coach Danny Jones offered an enthusiastic endorsement of the new mechanic following its debut. “The Rewind Button is a total game-changer!” Jones said. “It’s brilliant because it gives that extra bit of power to right a wrong.”
Rowland’s arrival on the panel marks a significant casting change for the British edition of the singing competition, bringing a globally recognized music star with decades of experience in the industry to the show’s coaching lineup for the first time. Her introduction alongside returning coaches will.i.am, Tom Jones, Danny Jones and Tom Fletcher rounds out a panel blending established “Voice UK” veterans with a high-profile new addition, even as that debut came without the customary fanfare of a joint opening performance that fans had come to expect from the format.
“The Voice UK” has run for multiple seasons on ITV, building a loyal fan base around its signature blind-audition format, in which coaches select contestants based solely on their vocal performances before seeing them, followed by a competitive process in which coaches mentor and battle for their chosen singers through the remainder of the series. The coaches’ opening performance had become an established tradition within that broader format, typically used to introduce each season’s panel with a collaborative musical number before the blind auditions themselves get underway.
The show’s producers have not publicly addressed the reason behind the absence of the traditional opening performance during Saturday’s premiere, leaving fans largely to speculate about whether the segment was intentionally cut from this year’s format, simply not filmed, or held back for a later broadcast. As of this report, ITV had not issued a statement clarifying the decision or indicating whether the coaches’ performance might still appear in some form later in the current series.
Saturday’s episode continues to air as part of “The Voice UK’s” regular Saturday night broadcast slot on ITV1, with episodes also made available for streaming through the network’s ITVX platform. The series has continued to draw a dedicated weekly audience throughout its run, with fan reaction to individual episodes, casting changes and format tweaks frequently generating significant discussion on social media in the hours following each broadcast, a pattern reflected in Saturday’s swift and pointed criticism over the missing coaches’ performance.
The introduction of Rowland to the panel adds to a broader pattern of coaching lineup changes the British version of “The Voice” has undergone throughout its run, with the show periodically refreshing its panel to maintain audience interest and bring new perspectives to the competition. Previous coaches on the UK edition have included a rotating cast of prominent musicians and personalities over the years, with the current lineup of will.i.am, Tom Jones, Danny Jones, Tom Fletcher and now Rowland representing the newest configuration heading into the current series.
With the season’s blind auditions now officially underway following Saturday’s premiere, attention is likely to shift toward how Rowland’s coaching style and song selections compare with her fellow panelists as the competition progresses, alongside continued fan reaction to the newly introduced rewind button mechanic, which offers coaches a fresh strategic tool for securing talented contestants they may have initially missed during the standard blind audition process. Whether the traditionally expected coaches’ opening performance returns in some capacity later in the season remains unclear, though Saturday’s strong fan reaction suggests the missing tradition is likely to remain a talking point among viewers as the series continues.
Business
Wall Street Brunch: Nvidia And Jackson Hole Vie For Market Sway (undefined:NVDA)
Daniel Chetroni/iStock Editorial via Getty Images

Listen below or on the go on Apple Podcasts and Spotify
Nvidia earnings put the AI trade back in focus. (0:33) Kevin Warsh heads to Jackson Hole as bond vigilantes stir. (1:32) Canada hits back with retaliatory tariffs on U.S. imports. (2:33)
The following is an abridged transcript:
The summer doldrums disappear with a huge week ahead for stocks and bonds.
Nvidia (NVDA) stars Wednesday with what has become the biggest earnings event on Wall Street. On Friday, Fed Chairman Kevin Warsh gives the keynote address at the Jackson Hole Symposium at a time when bond vigilantes are stirring.
With Nvidia, investors will be looking for updates on AI infrastructure demand, product ramp timing, China exposure and the economics of the chipmaker’s expanding financing partnerships. Options traders are pricing in a roughly 6% move in Nvidia shares following the report.
Seeking Alpha analyst Mott Capital said investors and traders may be left with “the post-Nvidia earnings hangover” again if the numbers are good but not spectacular.
“A decline could be sharp, pushing the stock down by as much as 11% to an important area of technical and options-related support at $190, while upside seems limited,” they said.
The results could reverberate across the semiconductor and AI complex. Marvell Technology (MRVL), Micron (MU), Arm (ARM) and Advanced Micro Devices (AMD) have shown some of the closest trading correlations with Nvidia following earnings.
Here’s how the rest of the earnings calendar shapes up:
PDD Holdings (PDD) and XPeng (XPEV) report Monday.
Intuit (INTU) reports Tuesday.
On Wednesday, Nvidia is joined by CrowdStrike (CRWD), Salesforce (CRM), HP Inc. (HPQ) and Okta (OKTA).
Marvell (MRVL) and Ulta Beauty (ULTA) report Thursday.
Looking to Jackson Hole, Warsh will speak at 10 a.m. ET Friday.
At his last press conference, Warsh indicated that higher Treasury yields were doing the job of tightening financial conditions for the Fed. But since then, higher yields have spooked the White House, leading Treasury Secretary Scott Bessent to boost buybacks of longer-dated debt in an attempt to tamp down rates.
Seeking Alpha analyst Geneva Investor says “the two men want opposite things in the long end.”
“Bessent wants the 10-year and 30-year lower, and has said so repeatedly,” they said. “Warsh wants a smaller Fed footprint concentrated at the front end of the yield curve, which mechanically raises the long end.”
“Bessent wants a larger FIMA facility, which expands the balance sheet. Warsh wants the $6.7T balance sheet to come down.”
Seeking Alpha analyst Damir Tokic said Warsh will be under the spotlight to address the current bond market selloff, “and he will restate that real rates are rising, while inflation expectations remain anchored, so that will be a dovish message.”
“However, with this dovish message, the nominal long-term rates will continue to rise, steepening the yield curve,” he added.
In the news this weekend, Canadian Prime Minister Mark Carney said his country will impose retaliatory tariffs on a wide range of U.S. imports starting Sept. 8 in response to the Trump administration’s new 50% tariffs on Canadian goods.
His remarks came after weeks of trade negotiations between the two sides collapsed late Friday. The new U.S. tariffs, which could impact roughly $20B worth of Canadian exports, took effect immediately.
Meanwhile, President Trump posted on Truth Social that Canada has “charged our great farmers, for many years, massive amounts of Tariffs.”
He added that “Canada wants the benefits of being a State, without being one!!!”
And for income investors, 3M (MMM) goes ex-dividend Monday, paying out on Sept. 11.
Hyatt (H) goes ex-dividend Thursday, with a Sept. 10 payout date.
T-Mobile (TMUS) and eBay (EBAY) go ex-dividend Friday. T-Mobile pays out on Sept. 10 and eBay on Sept. 11.
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