Government trade deals around the globe dominate the headlines: a nearing trade pact between the UK and US would “cushion the impact of Donald Trump’s ‘liberation day’ tariffs” reports the Financial Times, while the US and China are to this week hold their first trade talks since Trump launched his trade war against Beijing.
The landmark free trade deal struck by the UK and India, which will result in Indian taxes on British exports such as whisky and cars falling by up to 90%, was reported widely, The Times calling it “the biggest trade deal signed since Brexit”.
Ministers said the deal – which comes after more than three years of negotiations under successive governments – would add £4.8bn a year to the UK economy by 2040.
The Financial Times reported that negotiations “were accelerated after Donald Trump imposed global tariffs last month”.
DoorDash’s board approved deal to buy Deliveroo for £2.9bn yesterday, ends “the UK group’s tumultuous time on the public markets” reports The Financial Times. But the deal “renewed questions about the UK’s ability to attract and retain listings of large tech groups in the face of New York’s dominance”.
John Lewis’s chair, Jason Tarry, is to be paid more than £1.3m this year – reports The Guardian – about a fifth more than his predecessor, Sharon White. The former Tesco executive, who joined the group in September last year, earned £415,000 in his first four-and-a-half months in the job, including benefits and pension payments.
Writing in the Financial Times, science commentator Anjana Ahuja tries a brew made with beans from species coffea stenophylla, an arabica alternative that “might have a role to play in shoring up coffee supplies — and saving farmers’ livelihoods — in the face of climate change, drought and disease”.
The Sun’s Laura Stott was given the tough assignment of trying all the supermarket pains au chocolat. The “winner cost just 45p each and was full of yummy choccie” she noted.
The paper also reports on Heinz’s rebrand of tartare sauce to Fish & Chips Sauce, which it describes as “an attempt to make the French-style dip appeal to a wider audience”. But one that has left shoppers “baffled”.
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