In a dramatic reversal of fortune, Lotus Cars has decided not to proceed with the planned closure of its iconic production plant in Hethel, Norfolk—saving approximately 1,300 jobs. The decision follows urgent intervention from the UK Government, led by Business Secretary Jonathan Reynolds, who engaged directly with executives from Lotus and its Chinese owner, Geely,…
In a significant development on June 11, 2025, President Donald Trump declared that the United States and China have reached a comprehensive trade agreement, effectively restoring a truce in the ongoing trade war between the two economic giants. This announcement follows intense negotiations in London, building upon a preliminary framework established in Geneva last month….
U.S. President Donald Trump said Wednesday that its was “extremely hard” to make a deal with his Chinese counterpart Xi Jinping, at a time when the White House has been suggesting the two leaders could talk this week amid rising trade tensions. Scott Bessent, U.S. treasury secretary, said Thursday stateside that trade talks were “a bit stalled,” and…
