Lower UK-US Car Tariffs Take Effect, Without Progress on Steel
UK car manufacturers can export to the US under a 10% tariff starting Monday, a reduction from the 25% rate imposed by Donald Trump on other countries, as the first elements of an economic agreement between the US president and Prime Minister Keir Starmer come into effect.
British aerospace companies like Rolls Royce Holdings Plc also saw 10% tariffs on goods including engines and aircraft parts slashed to zero as of 5:01 a.m. London time. However, there still remained no sign of progress toward lowering levies on the UK's beleaguered steel industry, which remain at 25% despite Britain previously announcing an agreement to reduce them to zero.
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Forbes
22 minutes ago
- Forbes
Two Generations, One Home: Solutions For Ageing Societies & Companies
Sheila & Dela, Homesharers In an ageing world grappling with the dual crises of elder loneliness and unaffordable housing for the young, one social enterprise in the UK has quietly created an elegant, human-centred solution: homeshare. Founded in 2019, Two Generations connects older householders with younger home-sharers, creating intergenerational matches that foster companionship, offer practical help, and reduce housing stress for both sides. As Lisa Goldsobel, Head of Operations, explained in an interview, the idea isn't just timely—it's transformative. "We don't find lodgers, we find companions," she says. In 2025, for the first time, due to falling birthrates and increasing life expectancy, working-age adults' caring responsibilities will switch from being primarily focused on children to elderly parents. This will have a significant workforce impacts. It's projected that two million UK workers will reduce their hours to care for a dependent. A further 2.6 million will stop work altogether. Lisa Goldsobel, Head of Operations New solutions are desperately needed at both ends of the generational spectrum. The older need connection, the young affordable housing. Two Generations' CEO Sam Brandman cites a few key UK stats that summarise the challenge: The Model: Companionship, Not Care Goldsobel emphasises that Two Generations is not a caregiving service. 'Homesharers are not carers,' she said in an interview, 'They are flatmates with heart. They may prepare meals, run errands, or take walks—but mostly, they offer presence.' Definitions: Homeshare is a scheme that carefully pairs: The impact is profound: "We've had householders tell us they sleep better knowing someone is in the house. Family members call to say, 'I can breathe again knowing Mum isn't alone.'" The matches aren't random. They are the secret sauce to the initiative's success. Two Generations uses a combination of tech-enabled matching and deep human insight. "We have bespoke, award-winning technology that suggests top matches," says Goldsobel. "But then we interview everyone to ensure the fit is right." The average match lasts about a year, with many lasting far longer. One pairing involved a gentleman losing his sight who loved opera. He was matched with a young soprano studying at London's Royal College of Music. A match made in heaven. "They talked like they were speaking another language—a lot of Puccini and Verdi—and were both delighted. She sang to him nightly." Bottom Line: A Win for Every Generation The genius of the model is its multiple benefits for several generations in a single service: Home-owners receive around 10 hours of support per week for a symbolic contribution of £99. Home-sharers pay £399 monthly—often less than a third of London rental prices. "We ensure finances aren't a barrier," Goldsobel notes. "We offer bursaries to both sides. It's not a tenancy—it's an agreement built on support and shared lives." Corporate Awakening: Elder Care as a Workplace Issue As caregiving becomes a central midlife pressure, companies are feeling some of the pressures growing on their employees. "More people are looking after their parents than their children - for the first time in UK history," says Goldsobel. "One in four employees in the UK are now caregivers. Six hundred people leave work every day to care for an elder. It's becoming a major workplace issue." Two Generations offers homesharing as a service to employers which can be included as part of their corporate benefits package. Given the growing prevalence of eldercare relative to childcare, companies will want to quickly start treating elder care as they do childcare. By offering homesharing as an employee benefit, they retain talent, reduce absenteeism, and show they understand and support intergenerational responsibility. The response is promising. Large employers like Sainsbury's are implementing elder care policies. Wellness and housing platforms like Perkbox and HEKA are adding home-sharing to their offerings. Merck has just signed on. Companies in France are organising to create a coordinated policy and status for employee-carers. "We're seeing the penny drop," Goldsobel says. "Smart companies are waking up." Culture Shift: From Individualism to Interdependence While intergenerational living is natural in many Asian cultures, Anglo-Saxon countries have prioritised independence. But as life expectancy rises, isolation and loneliness in later life has become its own epidemic. "Loneliness has the equivalent negative health impact of smoking 15 cigarettes a day," Goldsobel notes. 'And it's avoidable. We can go back to living together, learning from each other, and building bonds.' She adds: "Success can be shared." Two Generations is part of a quiet revolution. It challenges the myth that ageing is a lonely business and that youth must struggle to find affordable housing. 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Washington Post
23 minutes ago
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Live updates: Senate considering raft of amendments to Trump's massive tax and immigration bill
The Senate is set to convene Monday morning to consider a raft of amendments to President Donald Trump's massive tax and immigration package, most of them offered by Democrats and destined to fail in the Republican-led chamber. Trump has urged Congress to get the bill to his desk by July 4, which is Friday. A Senate-passed bill would require action in the House, which narrowly passed its own version of the One Big Beautiful Bill last month. The legislation would extend tax cuts passed in 2017, enact campaign promises such as no tax on tips and spend hundreds of billions of dollars on the White House's mass deportation drive and national defense priorities. To partially offset the cost, it would make steep cuts to safety-net programs. Democrats are united in opposition. Democratic groups are launching a major organizing push Monday to attack Republicans' signature bill this summer and prepare for the coming elections, an effort that will focus on voter registration and volunteer efforts to make their case to community groups not focused on politics. TORONTO — Canada said late Sunday it would rescind a new tax it planned to collect from large tech companies after President Donald Trump last week called the levy a 'blatant attack' on the United States and said he would suspend trade talks with Ottawa over it. Senate Republicans spent Sunday marshaling support for the centerpiece of President Donald Trump's second-term agenda, a sprawling tax and immigration package, working to prevent defections after a near-revolt over the weekend. The GOP is racing to push the mammoth budget proposal across Trump's desk by a self-imposed July 4 deadline, but fissures remain within the party over the cuts to social benefit and anti-poverty programs and the bill's growing price tag. Republican Sen. Thom Tillis said Sunday that he will not seek reelection next year, less than 24 hours after President Donald Trump threatened him with a primary challenge for opposing Trump's massive tax and immigration bill.
CNN
23 minutes ago
- CNN
Warren Buffett donates record $6 billion Berkshire shares
Warren Buffett donated on Friday another $6 billion of Berkshire Hathaway stock to the Gates Foundation and four family charities, his biggest annual donation since he began giving away his fortune nearly two decades ago. The donation of about 12.36 million Berkshire Class B shares boosted Buffett's overall giving to the charities to well over $60 billion. He donated 9.43 million shares to the Gates Foundation; 943,384 shares to the Susan Thompson Buffett Foundation; and 660,366 shares to each of three charities led respectively by his children Howard, Susie, and Peter: the Howard G. Buffett Foundation, Sherwood Foundation and NoVo Foundation. Warren Buffett still owns 13.8% of Berkshire's stock, based on reported shares outstanding. His $152 billion net worth prior to Friday's donations made him the world's fifth-richest person, according to Forbes magazine. Buffett would rank sixth after the donations, which surpassed the $5.3 billion he donated last June. He donated another $1.14 billion to the family charities last November. In a statement, Buffett maintained he does not intend to sell any Berkshire shares. Now 94, Buffett began giving away his fortune in 2006. He changed his will last year, designating 99.5% of his remaining fortune after his death to a charitable trust overseen by his children. They will have about a decade to distribute the money, and must decide where it goes unanimously. Susie Buffett is 71, Howard Buffett is 70, and Peter Buffett is 67. Warren Buffett has led Omaha, Nebraska-based Berkshire since 1965. The $1.05 trillion conglomerate owns close to 200 businesses including Geico car insurance and the BNSF railroad, and dozens of stocks including Apple and American Express. Susie Buffett leads the Susan Thompson Buffett Foundation, which funds reproductive health and is named for her mother, who was Warren Buffett's first wife. The Sherwood Foundation supports Nebraska nonprofits and early childhood education. The Howard G. Buffett Foundation focuses on global hunger, combating human trafficking and mitigating conflicts. The NoVo Foundation has initiatives focused on marginalized girls and women, and on indigenous communities. Buffett said last June that donations to the Gates Foundation would end when he dies.
