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‘Mamma mia!’: Trump tariffs refund ignites 53% profit spike at Nintendo
Profit jump fuelled largely by unknown US refund amount as Japanese video game firm records quarterly sales dropNintendo has reported a jump in profits, as the Japanese game maker’s earnings were buoyed up by a long-awaited refund on Donald Trump’s tariffs.The company said profit
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Trump administration has refunded 60% of $165bn taken in illegal tariffs
Government has so far returned $100bn to companies from levies that US supreme court struck downBusiness live – latest updatesThe Trump administration has refunded about $100bn from the tariffs it collected before the US supreme court ruled them illegal, according to reports.The $100bn (£74bn) figure, which represents 60% of the total $165bn collected from Donald Trump’s “liberation day” tariffs, was reported by customs officials to the US court of international trade (CIT) on Tuesday,
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US refunds $81bn in Trump tariffs after supreme court ruled them illegal
Government had been forced to pay back duties to companies that imported goods into the US that were hit by Trump’s tariffsThe US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday.Tariffs – taxes on imported goods – have been a key part of president Donald Trump’s game economic plan since he took office again last year. Continue reading...
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‘I’m left with a year of nothing’: UK gap year students lose thousands of pounds as tour operator closes
GVI shuts down without refunds for students booked on volunteer programmes with overseas conservation projectsUK students who paid thousands of pounds for summer and gap year placements on overseas conservation projects have lost everything after their eco tour operator shut down.GVI, which offered volunteer and internship placements on wildlife and marine projects across the world, was continuing to advertise trips until it went into liquidation and removed its website on 1 July. Cont