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Trump tariffs to have ‘insignificant effect’ on UK economy | Money News

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Plans by Donald Trump to impose blanket tariffs on all imports to the US will have an “insignificant effect” on the UK economy, according to a poll of international economists.

While policymakers at the Bank of England fret over the impact of threatened tariffs of up to 10% on UK goods and the prospects for a global spat, the study by Reuters suggested the UK could even be spared the charges altogether.

Their reasoning, the news agency found, was explained by the fact that the incoming US president was focused on correcting US trade deficits with other countries and trading blocs.

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The UK, now out of the European Union, and the US both report goods trade surpluses with the other.

The other major reason why the UK economy should get off lightly, they said, was down to the fact that the majority of UK trade with the US was in services rather than goods.

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Trump’s threat of tariffs explained

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The same cannot be said for the eurozone nations.

A similar poll last month found that the bloc would be collectively harder hit due to a goods-led trading relationship with the US, with the fallout hurting growth for up to three years.

Even before Mr Trump takes office, the European Central Bank is widely expected to act against an economic slowdown by cutting interest rates for the third consecutive time later on Thursday.

That slowdown is being led by the euro area’s manufacturing powerhouse of Germany which is facing snap elections amid a slump in demand for many key goods, including cars.

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The president of the country’s central bank has warned that its economy could “slip into negative territory” if Trump tariffs are imposed on top.

France is gripped by political deadlock that has fuelled worries over its public finances.

Mr Trump has threatened to impose the blanket tariffs from his first day in office next month, arguing they will protect American jobs.

How US trading partners respond will be key and it will leave Prime Minister Sir Keir Starmer facing a tricky balancing act.

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A fifth of all UK trade is with the United States.

But the UK’s biggest trading partner remains the European Union, despite Brexit.

The government has begun efforts to patch up relations, including relaxing trade restrictions with the bloc, but could be forced to take sides in any looming trade squabble.

Four of the economists questioned by Reuters believed the UK would be fully spared the 10-20% US import charges.

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China, Canada and Mexico are facing even higher tariffs.

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Potential trade war with China looms

Stefan Koopman at Rabobank said of the situation: “The UK is relatively well positioned to withstand the repercussions of President-elect Donald Trump’s proposed trade tariffs.

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“Surely, as an open economy, the UK will inevitably feel the impact of a trade war, but likely to a lesser extent than countries that are heavily dependent on manufacturing and goods exports, such as Germany.”

Economists have widely warned that Mr Trump risks stoking US inflation by raising tariffs, with the additional cost of foreign-made goods ultimately being passed on to consumers.

While inflationary pressures in the US are already on tenterhooks, the UK is in a similar position.

Read more from Sky News:
British firms stop shipments to Northern Ireland due to EU rules
Government demands council plans for 1.5m new homes

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The Bank of England is widely expected next week to leave the Bank rate on hold at 4.75% following two reductions to borrowing costs this year.

It remains worried about the impact of raised trade tariffs on UK inflation, which is tipped to hit 2.6% next week from a current annual rate of 2.3%.

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Nevertheless, economists and financial markets expect the Bank to make four interest rate cuts next year as it stands, unless there are further economic shocks.

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Veteran crypto investor identifies the next Ripple

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Veteran crypto investor identifies the next Ripple

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

A veteran crypto investor has identified Rexas Finance (RXS) as the next Ripple (XRP).

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The cryptocurrency market is well-known for its surprises; chances arise from unanticipated directions. Although popular names like Bitcoin and Ethereum rule headlines, experienced investors constantly search elsewhere for the next great investment. 

Inspired by early breakout analogies to Ripple (XRP), a seasoned crypto investor recently named Rexas Finance (RXS) as the next major contender. As a concept that could change the market, Rexas Finance has been progressively attracting attention and causing ripples in the crypto world.

A familiar story of disruption

The early years of Ripple were defined by its aim to transform global payments. As institutions started using XRP’s technology, the coin’s value shot up, paying early investors handsomely. 

In 2025, Rexas Finance aims to upend another important component of the financial system: the tokenization of actual assets. Rexas Finance seeks to bring real estate, commodities, and other physical assets onto the blockchain. By streamlining ownership, trade, and fractional investment, this invention aims to open a fresh field of opportunities for both people and businesses.

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Presale success sets the stage

In its eleventh presale round, Rexas Finance has produced amazing outcomes so far. The presale has drawn interest from investors, with over $37.8 million raised and 407.2 million tokens sold. 

Priced at $0.175, RXS offers a low starting point for investors wishing to get early on a project with great future development capacity. This degree of presale success reflects the excitement of the early Ripple days when visionary investors realized blockchain technology had the power to transform industries. The difference now is that Rexas Finance is using years of industry evolution to build a stronger and complete ecosystem from the beginning.

Real-world utility

Rexas Finance’s practical relevance is among its most appealing features. The platform’s tokenization system will facilitate transactions faster and more effectively, allowing investors to convert assets into blockchain-based tokens. 

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Having a fraction of a high-value asset, such as a luxury house, will become as easy as purchasing a stock. This invention opens the path for more general acceptance and major development possibilities by bridging the gap between conventional finance and blockchain. 

Certik has already audited Rexas Finance, increasing investor trust in its openness and security. Moreover, its listings on CoinMarketCap and CoinGecko have given more exposure, enabling RXS to reach a larger spectrum of investors.

Comparisons to Ripple

Making a comparison to Ripple is about vision rather than only commercial potential. While Rexas Finance aims to transform asset ownership, Ripple aims to solve inefficiencies in world banking. Both initiatives use blockchain technology to develop answers and point out important flaws in current systems. 

Ripple became well-known because of its potential to attract institutional interest. Likewise, Rexas Finance presents a modern solution that fits the direction of finance, drawing in individual and institutional investors. 

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The presale is entering its later phases, and RXS is ready to hit the market hard. According to analysts, its unique value proposition could drive its valuation tremendously, paying early investors in ways evocative of XRP’s climb.

A veteran’s insight

The experienced investor who selected Rexas Finance lists some factors explaining his optimistic view.

Firstly, the time is perfect. Projects with clear use cases should trump speculative tokens as the crypto market prepares for a 2025 bull run. 

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Second, RXS’s emphasis on tokenizing actual assets fits general market trends. Blockchain-based solutions that smoothly interact with current financial systems have increasingly piqued the curiosity of institutional investors.

Finally, presale pricing offers a chance to lock in a share of a high-potential initiative before it goes public. Given the hope of a notable surge, early adopters could find gains that match those of early XRP investors.

The way forward

The market for cryptocurrencies is ready for a surge in 2025. Once leading the charge, Ripple proved blockchain technology could transform sectors. Rexas Finance is poised to carry that fire into fresh ground. With its emphasis on asset tokenization, successful presale, and expanding network of supporters, RXS is more than a token; it’s a movement. 

Investors who lost out on Ripple’s early days now have a second chance on a project that could change the crypto environment. As the seasoned investor said, “Rexas Finance is the future — more than the next big thing.”

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For more information on Rexas Finance, visit their website ,whitepaper, X, or Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Inauguration Effect? Bitcoin Whales Start Accumulating As Trump Era Begins

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Inauguration Effect? Bitcoin Whales Start Accumulating As Trump Era Begins

Este artículo también está disponible en español.

Following Donald Trump’s inauguration on January 20th, Bitcoin (BTC) has remained range-bound, trading between $101,000 to $110,000. However, a new report by CryptoQuant states that behind this routine price action, Bitcoin ‘whales’ are quietly back to accumulating the premier cryptocurrency.

Bitcoin Whales Back In Accumulation Mode

According to the report, large BTC holders – commonly referred to as Bitcoin ‘whales’ – have re-entered the accumulation phase. Recent data shows a significant uptick in the monthly percentage growth of BTC holdings among these large investors.

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Notably, Bitcoin whale holdings increased from a decline of -0.25% on January 14 to a growth of 2% by January 17, marking the highest monthly growth rate since mid-December. In absolute terms, these investors’ BTC holdings rose from 16.2 million on November 4 to 16.4 million as of January 24.

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The surge in whale accumulation appears to be driven by several bullish developments early in Trump’s administration. For example, the US president has already signed an executive order establishing a Working Group on Digital Asset Markets.

This Working Group has been tasked with proposing a federal regulatory framework for cryptocurrencies – including stablecoins – within six months. Additionally, the group will evaluate the potential creation of a national digital asset stockpile, fueling speculation about a potential US strategic Bitcoin reserve.

Besides growth in whale holdings, selling pressure for BTC has declined sharply since major profit-taking in December. This aligns with a recent report which found that BTC profit-taking has dropped by 93% from its December peak. The report reads:

Bitcoin holders realized daily profits as high as $10 billion as Bitcoin approached $100K in December. However, daily realized profits have fallen to levels around $2-$3 billion in January, which indicates market participants may have finished selling Bitcoin for the most part. Moreover, the traders’ unrealized profit margins have declined near zero, a level which typically marks a price floor during bull markets.

However, the report also highlights that overall Bitcoin spot demand has weakened over the past month, raising concerns about the likelihood of another bullish rally. Specifically, the rate of demand growth for Bitcoin has fallen from 279,000 BTC in early December to just 75,000 BTC at the time of writing.

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Analysts Confident Of Another BTC Rally

Despite the cooling of on-chain demand, crypto analysts remain optimistic about another major price rally for Bitcoin. For instance, a recent report suggested that BTC could target a price as high as $249,000 during Trump’s presidency.

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Another report by Bitfinex predicted that BTC is likely headed to $200,000 by mid-year amid mild price pullbacks. However, a lot depends on how the US Federal Reserve handles interest rate adjustments this year.

From a technical standpoint, BTC’s cup-and-handle pattern projects a price target of as high as $275,000. At press time, BTC trades at $106,074, up 0.1% in the past 24 hours.

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BTC trades at $106,074 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash, Chart from TradingView.com

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Meet the top work-from-anywhere employer with a ton of remote openings. The CPO explains why they reject return to office mandates

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Veeva is recruiting from far and wide to boost its remote-forward business. Read More

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This high-tech piano wants to teach you to play with the power of AI

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Roli Piano AI Assistant
  • Roli has a new Piano AI Assistant to go with its latest instruments.
  • The Piano AI Assistant offers personalized, real-time help and lessons.
  • The AI is there to make learning and creating music more intuitive.

Piano teachers of both the strict and whimsical variety are a staple of movies and television, but music technology company Roli now offers a piano tutor built right into the instrument. The new Roli Piano features personalized AI guidance underneath the 49-key, $800 keyboard.

Roli’s Piano AI Assistant does exactly what it sounds like: It makes learning music more straightforward and fun than practicing alone. It can guide players through scales, explain ways of varying a tune, and even explain some music history in the context of specific compositions. It’s like having a music teacher who never gets tired and has an encyclopedic knowledge of the subject.

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CryptoCurrency

Trump and Melania’s Coins Are Trending, But Lightchain AI Offers Real Long-Term Value

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Trump and Melania’s Coins Are Trending, But Lightchain AI Offers Real Long-Term Value

The cryptocurrency market is no stranger to trends, and the recent launch of Trump and Melania’s meme coins has captured significant attention.

While these coins have quickly gained traction due to their high-profile associations, their longevity remains uncertain, as they lack the intrinsic utility to sustain long-term growth.

Meanwhile, Lightchain AI, a utility-driven blockchain project, offers a promising alternative for investors seeking more than just short-term excitement.

Trump and Melania’s Meme Coins Appeal and the Risks

President-elect Donald Trump and incoming First Lady Melania Trump have recently launched their own meme coins, $TRUMP and $MELANIA, respectively. These cryptocurrencies, inspired by internet memes, have garnered significant attention and market activity. Following its release, $TRUMP’s value surged, reaching a peak of approximately $75 per coin, propelling its market capitalization to around $13 billion. However, the subsequent introduction of $MELANIA led to a sharp decline in $TRUMP’s value by about 38%, as traders shifted their investments.

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The Trump family retains substantial control over these coins, with reports indicating that affiliates hold at least 80% of the $TRUMP supply.

This concentration raises concerns about potential market manipulation and conflicts of interest, especially considering Donald Trump’s impending presidency. Critics argue that such control could allow foreign entities to influence U.S. policy by acquiring large amounts of these tokens.

Moreover, the volatile nature of meme coins, which often lack intrinsic value, poses significant risks to investors. The rapid fluctuations in $TRUMP and $MELANIA’s values exemplify the speculative and unpredictable nature of these digital assets.

As the Trumps prepare to assume their official roles, the ethical and financial implications of their involvement in the cryptocurrency market continue to be a topic of intense debate.

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Lightchain AI – Utility-Driven Innovation for Long-Term Growth

Unlike the speculative hype of meme coins, Lightchain AI stands out with its focus on innovation and real-world applications. By combining blockchain technology with artificial intelligence, it offers scalable solutions for complex problems, making it an attractive choice for investors seeking sustainable growth.

Lightchain AI’s AI-powered solutions enable real-time data processing and decision-making, ideal for predictive analytics and automated operations, ensuring practical use across industries. Its robust ecosystem is designed to foster innovation, providing developers with tools to build decentralized applications that leverage both AI and blockchain, keeping the platform dynamic and adaptable.

Investor confidence is evident, with its presale already raising $12.8 million at $0.005625 per token. This strong performance underscores the market’s recognition of Lightchain AI as a transformative and utility-driven blockchain project.

Clear Choice for Long-Term Investors

Trump and Melania’s meme coins may be trending now, but their reliance on hype leaves them exposed to the volatility and risks that define the meme coin market. For investors seeking more than just fleeting excitement, Lightchain AI offers a compelling alternative.

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With its innovative features, strong presale performance, and focus on real-world applications, Lightchain AI is positioned as a leader in the next wave of blockchain technology. As the market evolves, projects like Lightchain AI are set to redefine the crypto landscape, making them an ideal choice for long-term growth.

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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Global CBDC development faces challenges after US ban

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The US may have little use for CBDCs, but jurisdictions like the EU have good reasons to keep building wholesale CBDCs, even following Trump’s ban.

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Pete Hegseth narrowly confirmed as Trump’s defence secretary

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One of Donald Trump’s most controversial cabinet picks has been narrowly confirmed by the US Senate to head the Pentagon, despite allegations of sexual assault and alcohol abuse. 

Pete Hegseth will become US secretary of defence after the Senate voted 51-50 in his favour late on Friday night, squeaking by after vice-president JD Vance broke the tie.

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Republican senators Mitch McConnell, Lisa Murkowski and Susan Collins joined Democrats in voting against Hegseth’s confirmation. 

Hegseth survived a last-ditch effort by Democrats to prevent his confirmation after his former sister-in-law, Danielle Hegseth, made a sworn statement accusing him of being so abusive to his ex-wife that she hid in a closet out of fear for her safety. She also alleged that he had abused alcohol for years. 

The former Fox News host is a departure from the typical defence secretary. His predecessor, Lloyd Austin, was a retired army general who oversaw US Central Command, which encompasses military operations in the Middle East.

A vocal opponent of “wokeness”, Hegseth has vowed to bring a “warrior” culture back to the US military as the Trump administration moves to do away with the federal government’s diversity initiatives.

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He also said one of his priorities will be to secure the US-Mexico border. The Pentagon on Wednesday said it would send an additional 1,500 active duty troops to the US’s southern border, a 60 per cent increase, on the president’s orders.

McConnell said he voted against Hegseth because the nominee lacks the “strategic vision” for how to address the US’s greatest national security challenges.

Hegseth “provided no substantial observations on how to defend Taiwan or the Philippines” and did not “articulate in any detail a strategic vision for dealing with” with China, McConnell said. The incoming defence secretary also failed to demonstrate he can manage the Pentagon effectively.

On Thursday, Murkowski said she could not vote for him “in good conscience”, while Collins said she was “not convinced that his position on women serving in combat roles has changed”.

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Ahead of the vote, Trump told reporters on Friday that he “was very surprised that Collins and Murkowski would do that”, adding that “Pete’s a very, very good man”.

He also anticipated that McConnell would be a hold out too: “Of course, Mitch is always a ‘no’ vote, I guess.”

Trump shocked Washington and defence circles when he selected Hegseth, who served in the Army National Guard, for the role. He has since been dogged by allegations of sexual assault, alcohol abuse, misogyny, sexism and racism.

Hegseth said in written answers to questions that he paid $50,000 to the woman who accused him of sexual assault in a California hotel room in 2017, according to Senator Elizabeth Warren. 

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Hegseth dismissed the allegations about the sexual assault, his character and preparedness for the top Pentagon job as “a smear campaign” at his Senate confirmation hearing last week. He also tried to revise his previous statements about women soldiers, saying they would “have access to ground combat roles, given the standards remain high”. 

On air Hegseth became known for denouncing diversity, equity and inclusive initiatives. DEI policies in the military were “dividing troops” and forcing “commanders to walk on eggshells”, Hegseth said at his hearing.

More Senate confirmation fireworks could come when two other contentious cabinet nominees, Robert F Kennedy Jr and Tulsi Gabbard, are grilled by senators on January 29 and January 30, respectively. Both ex-Democrats, Kennedy has been tapped for health secretary and Gabbard for director of national intelligence. 

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Neko Health’s unicorn-sized Series B is larger than some Series C rounds

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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here.

This week was supposed to be a short one in the U.S., as it started with a holiday. But Inauguration Day kept some founders busy, and the following days brought us more than their fair share of startup news.

Most interesting startup stories from the week

Alexandr Wang, co-founder and CEO of Scale AI.
Image Credits:David Paul Morris/Bloomberg via Getty

This week reminded us that not all sales are created equal, and that it is often worth looking beyond the price tag. Plus, there were legal troubles for an AI decacorn.

No divvy: Divvy Homes, a rent-to-own startup backed by a16z, is selling to a division of Brookfield Properties for about $1 billion. However, some shareholders may not see a dime from the sale.

Beauty for sale: Consumer goods giant Hindustan Unilever agreed to acquire Peak XV-backed Indian skincare startup Minimalist for about $342 million — more than the $300 million valuation it reportedly sought in a fundraising attempt last year.

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Big markdown: AI-powered parking platform Metropolis acquired computer vision company Oosto for a fraction of what the startup had raised to date. Formerly known as AnyVision, it had lost backers over its technology being used in controversial surveillance applications. 

Legal clash: Valued at $13.8 billion last year, Scale AI is facing its ​​third worker lawsuit of 2025, with contractors claiming they suffered psychological harm from writing prompts about disturbing content. A spokesperson for Scale AI said it had “numerous safeguards in place.”

Most interesting VC and funding news this week

Ati Motors robot portfolio
Image Credits:Ati Motors

Series B rounds announced this week varied greatly in size, with some of these exceeding other Series C rounds. And for companies that don’t quite feel like going public yet, there are still more letters in the alphabet.

Pre-IPO letters: Data analytics platform Databricks closed a $10 billion Series J equity funding round at a $62 billion valuation, with an additional $5.25 billion in debt financing. Meta is backing the company as a strategic investor.

From cat to unicorn: Neko Health, the Swedish body-scanning startup co-founded by Spotify’s Daniel Ek, and whose name means “cat” in Japanese, raised a $260 million Series B round of funding at $1.8 billion post-money.

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Money to move: Lindus Health, a startup backed by Peter Thiel and Creandum that is currently moving its HQ from the U.K. to the U.S., secured a $55 million Series B round to “fix the broken clinical trial industry.” 

Spending less: AI-powered SaaS spend management platform Vertice raised a $50 million Series C round of funding led by Lakestar, at a valuation close to $500 million, according to sources.

Indian robotics: Indian-based autonomous mobile robots startup Ati Motors raised a $20 million Series B to grow internationally. The U.S. already dominates Ati’s revenues, and the company hopes to further benefit from demand for robotics manufactured outside of China.

Crypto crypto crypto: Capitalizing on crypto’s comeback, AngelList and CoinList teamed up to launch crypto special purpose vehicles and crypto roll-up vehicles that will let crypto founders raise capital using crypto coins.

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Last but not least

AI, startups
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AI is still red hot, but there are always subsectors that VCs are more interested in. To figure out which types of AI startups they’d most like to back this year, TechCrunch rounded up some findings from our recent survey of 20 enterprise VCs. In short: Think companies, not features.

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China Misses Fiscal Spending Target on Effects of Housing Slump

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China’s government failed to meet its spending target for last year, as the housing market slump left local governments strapped for cash and unable to meet funding commitments.

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Starbucks barista says his store has a ‘panic button’ behind the counter, but fears it won’t be enough to quell angry customers after open-door policy reversal

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Some baristas anticipate an increase in customer altercations due to a new policy requiring an item purchase to use the bathroom or hang out in stores. Read More

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