business
2 mins read
South Korea-US trade deal: Seoul says can’t ‘pay $350 bn in cash’; seeks alternative solution
South Korea has rejected President Trump’s assertion that it will provide $350 billion in upfront cash for a tariff reduction deal, clarifying the funds were pledged as loans and guarantees. Seoul’s officials warned that such a massive cash outflow would trigger a financial crisis, despite its reserves.
Chancellor urged to rule out tax hikes on firms in Budget
Latest data from the Confederation of British Industry showed business activity falling in the three months to September at its sharpest pace since the pandemic.
