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Supermarket deepens existing measures and forecasts lower profit for year amid price war with rivalsTesco has said it plans to slash a further £500m in costs, as the supermarket chain tries to cushion the blow of Rachel Reeves’s tax increases and invest in fighting a price war with rivals.Britain’s biggest grocery retailer said on Thursday it was deepening an existing drive to cut costs to help offset higher operating costs, as well as the £235m increase in its national insurance contributions (NICs) as a result of changes made by the chancellor. Continue reading... Source link : https://www.theguardian.com/business/2025/apr/10/tesco-plans-to-cut-further-500m-in-costs-to-help-offset-rachel-reeves-tax-rises Author : Kalyeena

Bill which sought to radically reinterpret New Zealand’s founding treaty between Māori tribes and the British Crown fails by 11 votes to 112It was the bill that launched 300,000 public submissions, sparked New Zealand’s largest ever protest on Māori rights and prompted a haka in parliament that quickly went viral.And now the treaty principles bill, which sought to radically reinterpret New Zealand’s founding treaty between Māori tribes and the British Crown, is dead. Continue reading... Source link : https://www.theguardian.com/world/2025/apr/10/treaty-principles-bill-voted-down-in-new-zealand-parliament-maori Author : Eva Corlett in Wellington Publish date : 2025-04-10 05:17:00 Copyright for syndicated content belongs to the linked Source.

China’s 84% retaliatory tariffs on US goods, announced on Wednesday, are due to come into effect on ThursdayRead the latest full reportChina and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading... Source link

Follow today’s news liveAnywhere but Canberra: Australian voters on what matters to themInteractive guide to electorates in the Australian electionListen to the first episode of our new narrative podcast series: GinaSee all our Australian election 2025 coverageGet our afternoon election email, free app or daily news podcastAustralian shares are poised to surge when the market opens, after Donald Trump’s decision to pause his oversized tariffs against most nations sent stock prices rocketing on Wall Street.Futures prices are pointing to an increase in excess of 6% for the S&P/ASX 200, taking the index above 7,850 points.We continuously advocate to the United