Day Headlines in Business News: 2025-08-06
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How Europe is vying for rare earth independence from China (BBC Business 2025-08-06 23:02:31)
The EU is aiming to increase its own production of rare earth metals, led by a facility in France.
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Bank of England expected to cut interest rates (BBC Business 2025-08-06 23:02:10)
Borrowing costs are forecast to fall to 4%, the lowest since early 2023, despite higher inflation.
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Trump orders India tariff hike to 50% for buying Russian oil (BBC Business 2025-08-06 22:19:29)
India, which now faces among the highest tariff rates imposed by the US, called the levy "unjustified and unreasonable".
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Gordon Brown calls for gambling tax to cut child poverty (BBC Business 2025-08-06 21:40:27)
Anti-poverty campaigners say axing the two-child benefit cap is the "single most effective" step.
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Trump threatens 50% tariffs on India for buying Russian oil (BBC Business 2025-08-06 18:19:49)
India, which now faces among the highest tariff rates imposed by the US, called the levy "unjustified and unreasonable".
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Trump hits India with extra 25% tariff for buying Russian oil (BBC Business 2025-08-06 15:50:59)
This will bring the tariff rate on India to 50%, among the highest rates imposed by the US.
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Apple to invest $100bn after pressure from Trump (BBC Business 2025-08-06 15:27:39)
The US president has called on Apple to do more of its manufacturing in the US.
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High whey protein prices take chunk out of THG profits (BBC Business 2025-08-06 14:19:02)
The firm behind Myprotein and Cult Beauty will take a hit to get a bigger share of the popular market.
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Horizon victim sues Post Office and Fujitsu for £4m (BBC Business 2025-08-06 14:09:46)
This is the first time full details of a complex claim for compensation have been made public.
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Claire's files for bankruptcy as competition bites (BBC Business 2025-08-06 14:05:03)
The colourful accessories chain says sales are down as online competitors and higher costs eat into profits.
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What economic levers are left for Reeves to pull? (BBC Business 2025-08-06 12:30:21)
The Chancellor Rachel Reeves is due to deliver her Budget in the autumn.
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The Interview (BBC Business 2025-08-06 07:30:00)
Suranjana Tewari speaks to John Denton about tariffs and the uncertainty they create
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Reeves must raise tax to cover £41bn gap, says think tank (BBC Business 2025-08-06 06:16:13)
The chancellor will miss her self-imposed rules without action, the National Institute for Economic Affairs says.
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Charity and M&S work to cut school uniform costs (BBC Business 2025-08-06 05:15:50)
Parents can donate uniforms to Autism Jersey to get discounts on new school clothes.
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Flooring rules change 'positive' for tenants (BBC Business 2025-08-06 05:15:15)
Tenants in States housing say it will give families a "head start" financially.
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Taster finds 32 plates of peas a day appealing (BBC Business 2025-08-06 05:06:40)
Professional taster Michelle Lawrie samples 32 plates of peas at work then has them for her tea.
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Chinese nationals charged with exporting Nvidia AI chips to China (BBC Business 2025-08-06 04:13:15)
Chuan Geng and Shiwei Yang are accused of exporting the chips from the US to China through Singapore and Malaysia.
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WhatsApp says it removed 6.8m accounts linked to scams (BBC Business 2025-08-06 01:45:06)
Many of the accounts were linked to criminal groups operating in South East Asia, the messaging app said.
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WhatsApp deletes over 6.8m accounts linked to scams, Meta says (BBC Business 2025-08-06 01:45:06)
Many of the accounts were linked to criminal groups operating in South East Asia, the social media giant said.