After Trump ended the de minimis exemption last year, purchasing an item straight from an international vendor, regardless of the item's value, meant incurring International Emergency Economic Powers Act tariffs. Now, thanks to a ruling by the Supreme Court that overturned Trump's IEEPA tariffs, and a ruling by the Court of International Trade ruled that all tariffs paid under IEEPA must be returned, buyers may be able to collect a refund.
The government hoped a single trade window (STW) would simplify border processes after Brexit by creating a single digital platform in which importers and exporters could upload all documentation linked to goods before they are transported. However, the STW project was paused in 2024 amid concerns over the cost of implementing the scheme. Government responses to freedom of information requests, submitted by the thinktank TaxWatch and seen by the Financial Times, now suggest no money has been spent on the project since January last year, with the Treasury writing that the programme had been brought to an early closure.
The European Commission has launched a new antitrust probe into Google, expanding its long-running scrutiny of the tech giant's advertising practices. Regulators suspect the company may be manipulating the pricing of its search ad auctions, potentially inflating clearing prices "to the detriment of advertisers," according to a February 9 letter sent to affected businesses and seen by Bloomberg. The investigation marks the latest in a series of EU actions against Google,
Sulayem's lengthy tenure at the helm of the logistics giant came to an end in a firestorm of controversy over his links with the disgraced financier, after recently declassified documents showed the pair had exchanged messages for years before and after Epstein pleaded guilty in 2008 to soliciting a minor for prostitution. The friendly exchanges between the two include discussions about deals and also mention bin Sulayem visiting Epstein's private island while sharing contacts in business and politics.
A business model heavily focused on growth at the expense of nature is not only unsustainable, but threatens extinction if not reversed. That's according to a landmark "Business and Biodiversity Assessment Report" published by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES), a global independent research body comprising more than 150 member states' governments. Setting out to reframe the often-destructive relationship between nature and commerce, the first-time assessment shows how business both impacts and depends on biodiversity,
We want to achieve stability and predictability in trade relations. A united stance within the European Union is important in this regard. Businesses need planning security, and that applies on both sides of the Atlantic. We therefore expect clarity from the US government on the next steps.