Connect with us

Business

Biggest ever UK trade mission to US amid political crisis and Iran tensions

Published

on

Biggest ever UK trade mission to US amid political crisis and Iran tensions



Britain’s largest ever business delegation has travelled to the US aimed at bolstering transatlantic trade, amid political turmoil at home and tensions over the Iran war, which continues to inflict economic damage.

This week’s mission to Los Angeles, involving more than 200 firms, comes in the wake of the King’s recent state visit to mark the 250th anniversary of American independence, which culminated with Donald Trump scrapping tariffs on UK-made whisky, in a major boost to the industry.

The deputation, which was originally to be led by Business Secretary Peter Kyle, is now being headed by Culture Secretary Lisa Nandy, along with trade minister Blair McDougall.

The so-called Greater Together LA expo will seek to build on the existing commercial partnership between the two nations, which accounts for 430 billion dollars of trade each year, around 1.5 trillion dollars of investment in each others economies and supports more than 2.6 million jobs on either side of the Atlantic.

The event will be co-hosted by Universal Music Group boss Sir Lucian Grainge and former Apple designer Sir Jony Ive, who jointly founded the creative collective LoveFrom.

Speakers include music impresario and Got Talent judge Simon Cowell, singer/songwriter Leona Lewis, designer Sir Paul Smith and astronaut Tim Peake.

It will also be attended by the chief executives of British Airways, News Corp and American Airlines.

Areas to be covered include co-operation in artificial intelligence, quantum computing, cultural exchange, fintech and scientific innovation.

The event is being held against a background of political upheaval in the UK, with Prime Minister Sir Keir Starmer under pressure to quit following disastrous local election results for Labour, and fractious relations with the White House over the Middle East conflict that saw the US president threaten to change a trade deal with Britain.

While the Government has remained tight-lipped over the potential implications of recent developments for the major business event, insiders have pointed out the close, long-standing UK-US relationship runs deeper than individuals and current rifts.

The lasting partnership built on shared values was highlighted in a video message by the King to be played at the event, which continued the theme of his recent historic address to Congress.

Charles said: “The United Kingdom and the United States share one of the most enduring and consequential relationships in modern history, one forged through decades of collaboration and grounded in a shared belief in the power of enterprise, innovation and human endeavour.

“From our common language and vibrant creative industries to our academic partnerships, scientific collaborations, and technological innovations, our cultures are woven together in ways that are immeasurable, but of enduring value.”

The King added: “These ties are reflected not only on financial balance sheets, but in the living, breathing connections between our people, whose lives and livelihoods are so richly enhanced by them.

“During my visit to the United States the other day I was once again struck by the extraordinary warmth of the American people, by the natural affinity between our countries and by the importance of working together for the benefit of all.

“My conversations with businesses and entrepreneurs throughout that visit also reinforced what I have long believed, that our relationship is not merely a matter of shared history but a living dynamic partnership built on common values of democracy, freedom and opportunity.

“This is a partnership that must be continually renewed and strengthened for future generations.”

Charles went on: “So today, as you come together, I can only encourage you to deepen existing alliances and forge new ones.

“Your decisions, your willingness to think boldly about collaboration, will help create opportunities that benefit communities across the United Kingdom, the United States and beyond.”

Ms Nandy hailed the UK’s creative industries, sporting heritage and tourism as “among our greatest national assets” and said the LA expo provided an “extraordinary opportunity to showcase them on the world stage”.

The Labour Cabinet minister said: “From our music and film sectors to sport and the arts, this delegation will demonstrate the immense cultural and commercial value the UK brings to our partnership with the United States.

“I look forward to deepening those connections and opening new doors for British talent and creativity.”



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Fan spending on Harry Styles Wembley gigs set to top £1bn

Published

on

Fan spending on Harry Styles Wembley gigs set to top £1bn



Fan spending for Harry Styles’s 12-night run at Wembley Stadium is set to reach £1.1 billion despite ongoing cost-of-living pressures, figures suggest.

Ticket-holders are expected to spend a total of £981 on average attending the Together, Together tour – which is limited to London in the UK – including travelling to the venue, staying overnight, buying merchandise and other costs, according to a survey for Barclays bank.

The figure exceeds the average £848 spent by fans who flocked to Taylor Swift’s Eras Tour, and the average £766 on attending the Oasis Live ’25 shows, although these were both held across four UK locations, leading to lower travel costs.

Styles’ fans anticipate they will spend an average £102 on official tour merchandise, while nine in 10 will participate in a “fan trend” on the day with 63% planning to wear a Harry Styles-themed look.

A fifth (20%) will make sure their outfits are co-ordinated with their friends and 22% hope to create or exchange fan-made items with other fans.

Barclays said the event was set to be a “major cultural moment” as a million ticket-holders travel to London for the 12 dates beginning on June 12.

With just one other European tour location, in Amsterdam, Styles’ Wembley residency will be the most performances by any artist in a single year at the venue, which has a capacity of around 90,000 people for music events.

The survey found those going to the show spent an average of £143.20 on their ticket, with 19% saying this was more than they planned but 66% saying they would have been willing to pay more if needed.

Other expected costs include an average £141.20 on accommodation, £103.10 on transport and £103.10 on food and drinks before the show.

Some 28% of fans say they are planning other activities such as sightseeing and exhibitions while in London.

More than a quarter (27%) of ticket-holders view the concert as a once-in-a-lifetime experience, and 17% said FOMO (fear of missing out) played a part in their purchase.

Almost 74% of those polled said getting tickets to sold-out or in-demand events now felt like a status symbol.

Tom Corbett, managing director of sponsorship and client experience at Barclays, said: “This tour shows just how powerful live entertainment can be, benefiting consumers and businesses alike.

“‘Concert tourism’ is on the rise because of the extent to which people value unique, shared experiences – so much so that they’re willing to invest in them even when cutting back elsewhere, and to travel to see their favourite artists perform.”

Opinium surveyed 2,000 respondents, and an additional 200 ticket-holders, between April 28 and May 1.



Source link

Continue Reading

Business

CDC says American tests positive for Ebola in Africa, risk in the U.S. remains low

Published

on

CDC says American tests positive for Ebola in Africa, risk in the U.S. remains low


A sign sits outside of the Centers for Disease Control and Prevention (CDC) Roybal campus in Atlanta, Georgia, U.S. March 18, 2026.

Megan Varner | Reuters

One American has tested positive for Ebola in the Democratic Republic of Congo in connection to the deadly outbreak in central Africa that global health agencies are racing to contain, the Centers for Disease Control and Prevention said on Monday.

The person was exposed as part of their work in Congo, developed symptoms over the weekend and tested positive late Sunday, Dr. Satish Pillai, the CDC’s Ebola response incident manager, told reporters on a call. The CDC and State Department are working to move that individual and six other Americans exposed to Ebola to Germany for treatment, care and monitoring. 

But Pillai emphasized that no cases tied to the outbreak have been confirmed in the U.S., and that the overall risk to the American public and travelers remains low.

Still, the CDC also announced on Monday that for the next 30 days, it will restrict entry into the country for people without a U.S. passport who were in the Democratic Republic of the Congo, South Sudan or Uganda in the last three weeks.

The update came one day after the World Health Organization declared the Ebola epidemic a “public health emergency of international concern.” The outbreak does not meet the criteria of a “pandemic emergency,” but the WHO warned that the high positivity rate and increasing cases and deaths point toward a “potentially much larger outbreak” than what is being detected and reported.  

As of Sunday, more than 300 suspected cases and 88 suspected deaths have been reported, primarily in Congo but also in neighboring Uganda, according to the CDC.

The specific virus involved in this outbreak, called Bundibugyo, has no vaccine or treatment. Historically, that virus has death rates ranging from 25% to 50%, the CDC added. 

But agency officials told reporters on Monday that work is underway to develop a monoclonal antibody therapy as a potential treatment for this specific strain of Ebola. 

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Continue Reading

Business

Elon Musk just lost another lawsuit. Will he keep fighting?

Published

on

Elon Musk just lost another lawsuit. Will he keep fighting?



Musk’s loss against OpenAI is the latest in a string of courtroom defeats.



Source link

Continue Reading

Trending