uk trade agreement

Jaguar Land Rover India has slashed prices on UK-built Range Rover models, passing on Free Trade Agreement benefits. The Range Rover SV now costs Rs 75 lakh less, starting at Rs 3.50 crore, while the Range Rover Sport SV sees a Rs 40 lakh reduction. This move makes these luxury SUVs more accessible, with updated pricing effective immediately.

Mitsui OSK Lines anticipates further container rate increases due to a gap between rising bunker oil costs and freight rates, particularly in Asia. While a prolonged conflict could impact demand, the company remains bullish on India's growth, expanding its fleet for energy and vehicle transport.

In a significant move honoring King Charles III and Queen Camilla's state visit, US President Donald Trump has agreed to lift tariffs on British whisky exports. This decision, announced via Truth Social, aims to revive trade between Scotland and Kentucky, which had been impacted by the 10% levy.

Tamil Nadu's business landscape remains optimistic despite political shifts, with leaders banking on the state's strong institutions and manufacturing prowess. The new chief minister's assurance of continuity and a corruption-free administration has calmed investor nerves, fostering hope for sustained industrial growth and job creation.

India and New Zealand have signed a 'once-in-a-generation' trade pact, granting Indian exporters duty-free access to New Zealand. The agreement aims to double bilateral trade to $5 billion in five years and includes a $20 billion investment commitment from New Zealand. Both nations are optimistic about the pact's potential to boost economic growth and cooperation across various sectors.

President Trump has warned of significant tariffs on the UK if it doesn't abolish its digital services tax targeting American tech giants. This 2% levy, introduced in 2020, has generated substantial revenue for Britain. The threat escalates existing trade tensions and comes amid broader diplomatic pressures, potentially impacting a UK-US trade deal and defense relations.

Donald Trump has warned the UK of significant tariffs if Prime Minister Keir Starmer does not withdraw the country's digital services tax. Trump views the 2% tax on digital platforms as discriminatory towards American companies, signaling potential retaliation if the policy persists. This threat escalates trade tensions between the two allies.

Gold price prediction today: Gold prices are likely to take cues from the US Federal Reserve stance on rate cuts in the near future, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

India is well-positioned to navigate global energy shocks due to strong forex reserves, fiscal space, and a robust banking system, according to the World Bank. The institution projects an average growth of 7.1% for FY28-FY29, also highlighting the potential of recent trade agreements with the EU and UK to boost exports and household incomes.

India’s balanced geopolitical approach has helped mitigate risks. Strong relationships across key global blocs have enabled continued access to energy and trade routes, positioning India relatively well in a fragmented global environment.

UK workers will enjoy a compressed three-day workweek at the close of 2026 due to a rare alignment of public holidays. Boxing Day's replacement and New Year's Day falling early in the week create an extended festive break. This shift, confirmed by administrative sources, affects England and Wales, offering employees a welcome, albeit brief, respite.