The Bank of England governor, Andrew Bailey, has called for global economic cooperation ahead of the spring statement amidst a mounting tariff war initiated by Donald Trump. Bailey emphasized the need for authorities to work together to ease trade tensions, stating that domestic macroeconomic forces and trade policy can coexist. This comes as the UK is in talks with the US to address the threat of tariffs, with Trump having already imposed tariffs on UK and EU steel and aluminium imports, as well as on other countries, leading to retaliatory measures worldwide.
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17th century painting looted by Nazis to be returned by Tate Britain
Tate Britain is returning a 17th-century painting by Henry Gibbs to the family of Jewish Belgian art collector Samuel Hartveld, as recommended by the Spoliation Advisory Panel due to it being looted by Nazis during World War II. Hartveld left the painting behind when fleeing Antwerp in 1940, and although he survived the war, he never recovered his lost art collection, which is believed to be scattered among European galleries. The return of the painting...
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