Lloyds' third-quarter profit nearly doubled to £2.3 billion. Shell's earnings jumped to £8.12 billion.

The Trump administration has imposed blanket import tariffs of 10%–12.5% on 60 trading partners, including China, Britain and the European Union, arguing they have failed to properly address forced labour. The move replaces identical temporary levies that were due to expire and extends the policy to a wider set of imports. While some key industrial goods such as aluminum and copper are exempt, the measures are expected to raise input costs for manufacturers globally and reshape cross-border supply chain costs.