Live updates: Trump to discuss trade with British Prime Minister Keir Starmer in Scotland
During the trip, Trump has also visited Trump golf properties as his family's business prepares to open a new Scottish course bearing his name in August.
Critics argue the overseas trip — with its entourage of advisers, White House and support staffers, Secret Service agents and reporters — is an example of Trump's blending of presidential duties with promoting his family's business interests. The White House has called the visit a working trip.
Trump will embark on a formal state visit to the U.K. later this year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Morning Bid: Dollar rejuvenated
By Mike Dolan LONDON (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets The dollar is on course for its best week of the year, as unfolding U.S. trade deals are succeeding in raising tariffs without attracting much retaliation or causing major economic damage so far. A weekend agreement by the European Union to accept a 15% U.S. tariff hike, with promises of hefty spending on U.S. energy and arms to boot, saw the dollar notch its best day since May against the euro. Sustained dollar gains are a mixed blessing for Wall Street stocks and for President Donald Trump's administration, as it sees dollar depreciation as an integral part of tackling trade deficits and boosting competitiveness. I'll review today's market news and then look at whether the dollar's considerable tariff risk premium may be dissipating as trade deals get done. * The dollar rebound comes as the Federal Reserve starts its two-day policy meeting, though with no change in rates expected this week as eyes drift to its September gathering instead. A big week for labor market data kicks off with the release of U.S. June job openings, and then we'll see June goods trade, which will figure into the week's second-quarter U.S. GDP report. * In the thick of the corporate earnings season - with four big tech megacaps reporting this week and the likes of UPS, Merck and Boeing out later today - Wall Street indexes eked out new records on Monday. U.S. futures were positive again ahead of Tuesday's bell, with European and Chinese stocks rebounding too and only Japan bucking the trend. * Treasury markets were steady after hefty debt auctions on Monday. The Treasury announced plans to borrow $1.007 trillion in the third quarter, largely in line with forecasts though likely frontloaded with bill sales. Details of the quarterly refunding will be released on Wednesday. Along with the Fed meeting, bonds kept a close eye on higher crude oil prices after Trump set a new deadline of "10 or 12 days" for Russia to make progress toward ending the war in Ukraine or face more sanctions on both Moscow and buyers of its oil exports. Today's Market Minute * U.S. and Chinese trade negotiators met for a second day of talks in Stockholm to defuse the bilateral trade war between the world's two biggest economies. The meetings are expected to agree another 90-day extension of a tariff truce struck in mid-May. * South Korea's Finance Minister Koo Yun-cheol said he would seek a mutually beneficial trade deal when he meets U.S. Treasury Secretary Scott Bessent for talks this week. * U.S. President Donald Trump unexpectedly shortened his deadline for hitting Russia with the most severe sanctions on its oil exports to date. While the market has called the president's bluff thus far, the sheer scale of the threat may force investors to start pricing in this meaningful tail risk, writes ROI energy columnist Ron Bousso. * The earnings season is ramping up, and investors are once again focusing on whether companies will beat or miss expectations. However, Panmure Liberum investment strategist Joachim Klement claims the major driver of share prices can be found in the bond market. Chart of the day Dollar selling has abated in recent weeks, but the weekend U.S.-EU trade deal has catapulted it higher across the board as investors start to remove a tariff risk premium dogging the currency all year. The dollar's DXY index surged more than 1% on Monday, its biggest one day gain in more than two months, and has added to that on Tuesday. After just two days, it's on course for its best week of the year. Today's events to watch * U.S. June goods trade balance (8:30ED AM T), June retail/wholesale inventories (8:30 AM EDT) May house prices (9:00 AM EDT), July consumer confidence (10:00 AM EDT) June JOLTS job openings data (3:00 PM EDT) Dallas Federal Reserve July service sector survey (3:30 PM EDT) * International Monetary Fund releases its update World Economic Outlook (9:00 AM EDT) * U.S. and Chinese negotiators meet for a second day in Stockholm * Federal Reserve's Federal Open Market Committee starts its two-day meeting on interest rates, decision Wednesday * U.S. corporate earnings: UPS, Merck, Boeing, PayPal, Starbucks, Visa, Corning, UnitedHealth, Procter & Gamble, Stanley Black & Decker, Sysco, Incyte, Norfolk Southern, Booking, Ecolab, Carrier, PPG, Regency Centers, Caesars, Royal Caribbean, American Tower, CBRE, Teradyne, Mondelez, BXP, Seagate, DTE * U.S. Treasury sells $44 billion of 7-year notes, $30 billion of 2-year floating rate notes Want to receive the Morning Bid in your inbox every weekday morning? Sign up for the newsletter here. You can find ROI on the Reuters website, and you can follow us on LinkedIn and X. Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. (by Mike Dolan; editing by Sharon Singleton) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 minutes ago
- Yahoo
Pension provider announces major investment in South Wales heat pump network
Workplace pension provider Smart Pension has announced a £330 million investment in green energy projects, including a major ground source heat pump network in South Wales. The company has partnered with Octopus Energy and Kensa to deliver long-term value for its 1.5 million pension savers by supporting the rollout of clean energy infrastructure in the UK. The initial £330 million will go towards two funds managed by Octopus Energy's renewable arm, Octopus Energy Generation, to support firms such as Kensa, which makes ground source heat pump technology. Smart Pension has committed to allocating 5% of its flagship growth fund to renewable energy companies as part of efforts to accelerate the energy transition, where the country's planet-warming carbon emissions are reduced to net zero. This finance will contribute to the UK's first investor-funded ground source heat pump network in South Wales, delivered by Kensa. The project aims to provide affordable renewable heating and hot water to 114 new homes at Parc Eirin. More widely, it is hoped the project helps to position ground source heat pump networks as an investable low-carbon utility. As part of the investment, Smart Pension said its members will have access to a range of materials, case studies and carbon reporting to help them better understand how their pensions are making a difference both financially and environmentally. Chancellor Rachel Reeves said: 'Our reforms are about unlocking investment to deliver higher returns for savers, drive growth and create good jobs. 'That's why I'm so excited about Smart Pension's investment in the UK's first commercially funded ground source heat pump network in South Wales, delivering returns, growth and jobs.' Andrew Evans, group chief executive and co-founder of Smart, said: 'As a leading workplace pension provider in the UK, we're always looking for innovative ways to grow our members' pensions and support the UK economy. 'This collaboration will help deliver strong, long-term returns for UK retirement savers, and also will support efforts to lower household bills and reduce emissions for homeowners. 'It's a great example of how UK tech businesses can come together to tackle important challenges, and create a positive impact.' Zoisa North-Bond, chief executive at Octopus Energy Generation, said: 'This partnership shows how pension savings can literally power the future — turning contributions into green electrons that heat homes, replace gas boilers and drive down energy bills. 'It brings everything full circle – the very money people are saving for retirement is helping to build the smarter, carbon-free energy system they'll rely on in years to come. 'By teaming up with Smart Pension and innovators like Kensa, we're proving that smart investment doesn't just deliver long-term returns, it creates real, tangible change for communities and speeds up the UK's journey to net zero.' Tamsin Lishman, chief executive at Kensa, said: 'As pioneers in ground source heat pump technology, we are proud of our role in delivering the switch to better, more affordable heating and hot water, powered by ultra-efficient ground source heat pumps designed and made here in the UK. 'The Parc Eirin investment demonstrates the transformative role private funding will play in helping both housebuilders and homeowners transition to effective, low-carbon heat – the critical next frontier in the UK for carbon reduction, which currently contributes around 13% of national greenhouse gas emissions.'
Yahoo
7 minutes ago
- Yahoo
EE to launch phone plans which restrict internet for teens
EE is introducing new phone plans next month which it says will restrict the internet for teens - so long as they don't use wi-fi. Its new Sim-only mobile plans will filter the web at different levels depending on the age of the child using it, with three separate tiers of protections. The plans will also have other features such as reduced internet speeds for younger teens to "limit streaming", as well as protecting against scam calls. But EE can only control what is accessed by using mobile data using its network - meaning it cannot filter content accessed via wi-fi, which is operated separately. The mobile network operator, which has 25m customers, says it is the UK's first major network to introduce smartphone plans for under-18s. Firms operating mobile networks in the UK are already required by the regulator Ofcom to ensure only adults can access adult content while using their network. They do this by filtering and blocking access to websites deemed 18+ according to the British Board of Film Classification. This can mean attempting to visit a platform such as a porn site using a 4G or 5G connection, rather than wi-fi, can result in the page not displaying. Users are typically required to verify that they are an adult - and the account holder - through a credit card check or by logging into their account online to change their settings. What are the plans? Despite EE's content restrictions not applying to content viewed using wi-fi, the firm believes its new plans still provide teen smartphone users and parents with more protections. Its Sim-only plans will be available for use on all smartphones and start from £7 per month, when launched in August. EE's three tiers offer different levels of protections depending on the age of the user, with its "protected" plan for pre-teens having "strict" controls while its "guided" and "trusted" plans for older teens having "moderate" controls for web access. Each of the plans also has protections against receiving scam calls. "As the UK's best network for families, we understand that while smartphones offer many benefits to people, there are also very real risks and challenges, especially for young people," said Claire Gillies, head of the consumer division of BT, which owns EE. "As a parent of a teenager, I too have had to balance the benefits and challenges that come with giving our children their first smartphone." 'Like mum in the old days' EE's new mobile plans will add to the dozens of safety features at app-level, website-level and device-level designed to help parents protect their children from harmful content. But many adults report feeling confused and overwhelmed by them. EE ambassador and TV presenter Konnie Huq said at a launch event for the new plans she felt "like her mum in the old days" - who she recalled struggling to work the family's TV remote controls. Meta, which owns Instagram and WhatsApp, says take-up of its numerous parental controls is relatively low. Technology analyst Paolo Pescatore told the BBC that EE's plans are "a huge step in the right direction" but implementation of such controls "is no easy feat". "Unfortunately, some users struggle to get a phone signal and are forced to rely on wi-fi," he said. "Making these initiatives more technology-agnostic will remove some of the complexities and make them easier to access." In-store chats As well as its different plans for children, EE is offering in-store appointments for families to receive guidance about using smartphones safely. It will also launch a resource it says can help parents navigate conversations with children about owning a phone. "Many parents tell us that they are overwhelmed when it comes to online safety for their children, and don't know where to start," said Carolyn Bunting MBE, head of children's safety charity Internet Matters. She said they were "positive steps to support families" and told the BBC the plans could be more effective than banning teens from platforms altogether. "If we just ban kids there is no impetus for the tech companies to create safe spaces," she Ms Bunting. It comes amid a broader shift towards tech companies making it more difficult for children to stumble upon harmful or explicit content. A range of sites operating in the UK were required to start checking the age of users on Friday. Nobody is promoting a "silver bullet" but everyone is saying that measures like these have a part to play. The question is whether they are genuinely effective or just making parents feel better. VPNs top download charts as age verification law kicks in What the Online Safety Act is - and how to keep children safe online How will age verification for porn work and what about privacy? Solve the daily Crossword
