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Daily Record
12 hours ago
- Daily Record
Trump agrees US-EU trade deal avoiding tariff war in Turnberry talks with Von der Leyen
A deal was struck after European Commission chief Ursula von der Leyen met with the US President at his golf resort in South Ayrshire. Donald Trump has announced a huge trade deal with the European Union worth more than $1.35 trillion (£1.05 trillion) after meeting European Commission chief Ursula von der Leyen at his Turnberry golf resort in South Ayrshire. The former US President said the agreement, struck during Von der Leyen's visit today, will see the EU buy $750bn of American energy and invest a further $600bn into the US economy. Trump told reporters: 'The European Union is going to agree to purchase from the United States $750 billion worth of energy. 'They are going to agree to invest into the United States $600 billion more than they're investing already. So they're investing a large amount of money. 'You know what that amount of money is, it's very substantial.' He added that all EU countries had agreed to open up their markets for zero-tariff trade with the US and to purchase 'a vast amount of military equipment,' calling the deal 'bigger than any other deal', reports the Mirror. Trump also revealed both sides had agreed to a 'straight across' 15% tariff on cars. 'I think that basically concludes the deal,' he said. Von der Leyen said the US and EU remain the world's biggest trading partners and described the talks as an attempt to 'rebalance' the multi-trillion-dollar relationship. Calling Trump 'a tough negotiator and dealmaker,' she added: 'I think it would be the biggest deal each of us has ever struck.' Join the Daily Record WhatsApp community! Get the latest news sent straight to your messages by joining our WhatsApp community today. You'll receive daily updates on breaking news as well as the top headlines across Scotland. No one will be able to see who is signed up and no one can send messages except the Daily Record team. All you have to do is click here if you're on mobile, select 'Join Community' and you're in! If you're on a desktop, simply scan the QR code above with your phone and click 'Join Community'. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. To leave our community click on the name at the top of your screen and choose 'exit group'. If you're curious, you can read our Privacy Notice. Trump described hosting Von der Leyen at his Scottish resort as 'an honour' and repeated his long-standing concerns about 'unfair' trade with Europe, warning that without an agreement, the US had been ready to impose 30% tariffs on EU imports. The agreement follows months of tense negotiations, with both sides previously threatening retaliatory tariffs on goods ranging from European cars and cheese to American beer and aircraft.


Daily Mirror
a day ago
- Daily Mirror
'Money dysmorphia' is crippling Brits across the UK - but many don't know they have it
Money dysmorphia is a condition that can lead people to feel anxious, guilty, and stressed. Now, a money expert has explained the ways to recognise and overcome it. Have you ever caught yourself scrolling endlessly through Instagram late at night, envying the extravagant lifestyles your followers showcase on social media? You're certainly not alone. The urge to "keep up with the Joneses" can trigger money dysmorphia – where our understanding of financial reality becomes warped, leading to overwhelming feelings of anxiety, guilt, and stress around spending and saving. Matthew Parden, CEO of money management app Marygold & Co, explains precisely what money dysmorphia involves, the elements that contribute to it, and practical approaches to help tackle and conquer it. What exactly is 'money dysmorphia'? Parden explains: "Money dysmorphia is effectively when the distorted perception of one's financial health, how you feel about your money, doesn't necessarily reflect the reality. This can be emotionally driven, shaped by irregular patterns or social pressures to keep up." READ MORE: 'I live in London for £480 a month including bills and there's just one rule' Money dysmorphia can trigger both overspending and excessive saving, depending on how the individual perceives their situation. "We've worked with anxious savers, avoidant savers and people who like to spend, so there's lots of different types of personality and money dysmorphia can manifest in all of them," shares Parden. Warning signs of money dysmorphia So, what are some warning signs or red flags that someone might be experiencing money dysmorphia? Parden reveals: "Feeling uncertain or anxious about money, even though there is no apparent or immediate shortfall in money, could be a sign of money dysmorphia. It could be that you avoid checking your bank statements or balances and this could be because of stress, or it could be because of a fear of what you might see in there." The money expert continues: "Another sign could be fluctuating between periods where you're spending a lot and reining it back and spending a little, so you kind of vacillate between overspending and underspending. Money dysmorphia could be when you are playing down your success, payments or debts and you feel that you've fallen short, that what you have isn't not enough – even though it might be sufficient." Social media and society's contribution Do social media and societal pressures contribute to money dysmorphia? The short answer is yes. Social media and societal pressures can exacerbate feelings of inadequacy regarding personal finances. Parden explains: "Social media presents a curated version of life, where people are only showing the best side of financial life without providing the context. You don't see the debt, the lack of savings, the stress – that is all hidden. For more stories like this subscribe to our weekly newsletter, The Weekly Gulp, for a curated roundup of trending stories, poignant interviews, and viral lifestyle picks from The Mirror's Audience U35 team delivered straight to your inbox. "It does kind of amplify these 'norms' and create unrealistic expectations. It provokes spending which is really emotionally driven and creates a constant pressure to keep up, so that even if your financial footing is secure, you still feel that you've got some way to go. And that in itself can lead to insecurity and a distorted sense of your own financial situation and reality." What repercussions can money dysmorphia have? "Money dysmorphia can often make people avoid getting involved with money and that means they are avoiding financial planning and organisation of their financial life," Parden explains. "This can lead to missed opportunities like having a safety net reserve of cash," shares Parden. "You don't have any savings because you are constantly spending, you may feel like you haven't ever got enough and will consistently avoid doing it. That in itself can lead to anxiety, a sense of failure and can affect your mental and physical health." How to conquer money dysmorphia? Ignorance isn't bliss, particularly when it comes to your wallet. It's time to take control and get savvy with your finances. Parden advises: "Take a step back and work out what it is that may be impacting your relationship with money," suggests Parden. "Just start with small, repeatable steps, like taking 10 minutes out of every week to look at your finances and understand what you're doing and where your money has gone and what is coming up. "If you recognise an issue there, try not to judge yourself. Just do regular gentle reviews of your finances because that helps you start to engage with it and might help reduce the fear. It might also help you move towards bridging that gap between how you feel about your finances and actually what is true in your finances."


The Guardian
a day ago
- The Guardian
Women's Euro 2025 final to cap £800m boost for UK supermarkets, pubs and retailers
The climax of the exhilarating women's Euros, as the Lionesses attempt to atone for their loss to Spain at the World Cup, is poised to be the most-watched women's football match in UK history with the tournament providing a more than £800m boost to supermarkets, pubs and retailers. With Sunday's showdown aired on both ITV and the BBC, and their respective streaming services, TV industry executives expect that, with the help of a family-friendly 5pm kick-off time, viewing will eclipse the 14.8 million peak audience when England lost 1-0 to Spain in Sydney two years ago, if the match is close. England's series of thrillers, after a drubbing in the opening match, has led to a surge in popularity for the tournament, with the semi-final win over Italy providing ITV with its biggest TV audience of the year. The growing momentum means that, by the final whistle on Sunday evening, it is estimated that the UK public will have spent more than £800m during the tournament, according to research by GlobalData for VoucherCodes. This is £221m more than was spent by consumers during the women's World Cup in Australia and New Zealand in 2023. On the day of the final, consumers are expected to spend almost £184m in pubs and other venues, as well as at retail outlets from supermarkets and sports stores to electrical goods sellers, and on merchandise. With most fans expected to choose to watch the final at home, supermarkets are likely to be the biggest winners. Almost £100m will be spent on food and drink this weekend, with home shopping for food and drink accounting for more than 70% of the total £801m splurged across the tournament. Tesco expects a 15% jump in spending on products related to the Euros this weekend and has estimated that more than 450,000 bottles of champagne and sparkling wine will be sold to fans to celebrate an England victory – or drown their sorrows. However, Spain will come out on top in the battle of beer, with Spanish lager brands such as San Miguel, Cruzcampo and Estrella Damm dominating consumer choice in recent years. 'It's ironic that while England football fans will be cheering on the Lionesses on Sunday afternoon the beer of choice is likely to be Spanish,' said David Albon, a beer buyer at Tesco. 'It is a real coincidence that the rise in popularity of Spanish beer in the UK has coincided with the rise of Spain in sports such as tennis, and in football the nation is the current women's world champions.' The Co-op is expecting to see a 30% sales increase for its ready-to-drink cocktail cans on the day of the final. Asda estimates that it will sell more than 6m pints and 300,000 pizzas this weekend – and has launched a promotion whereby fans can buy a 'Half & Half' pizza with England and Spanish ingredients – as well as 1.3m bags of crisps. It is estimated that 13m pints will be consumed during Sunday's game, 8.7m by fans watching at home, and 4.3m by about 4.5 million people expected to watch the game in hospitality venues. Overall, fans are forecast to spend almost £71m in venues on Sunday, more than double the amount spent across each of the quarter-final and semi final rounds. Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion 'We've gone all out this summer to give the women's game the stage it deserves, showing every minute of every match in all our sports pubs,' said Michelle West, the head of sport at Greene King. 'But our commitment goes beyond the screen – from chant books to cheer on the Lionesses, to drink promotions when England score and the introduction of our new 'Cheers Her' pale ale, we've worked hard to enhance the in-pub atmosphere for women's sport and we're seeing a significant rise in matchday turnout as a result.' With female players on the pitch, the Euros are much more appealing to women and girls – who are expected to account for 53% of all viewers. And with young stars such as the 18-year-old match-winning hero Michelle Agyemang, the youngest player in the squad, there is huge appeal among younger female viewers. Almost 5 million under-18s are expected to tune into matches, according to GlobalData/VoucherCodes. With more in-home, less-male dominated viewing across the family-friendly tournament, 18m cups of tea are expected to be sipped, 7.9m coffees and 15.4m glasses of juice and smoothies. Nevertheless, the great British tradition of beer and football is not yet under threat. The pint remains the firm football favourite, with almost 52m expected to be drunk across the tournament – 13m of those on Sunday – but whether by the final whistle it will be in jubilation or commiseration remains to be seen.