UK car sales drop 10% in April; Ford predicts $1.5bn profit hit from Trump tariffs – business live

News Snapshot:

From 3h ago 01.52 EDT China's services growth hits seven-month low as tariffs bite Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Investors will be scrutinising the latest healthchecks on companies across the world today, for signs that the US-China trade war is hurting the global economy. And… the latest purchasing manager’s survey data has shown that China’s service sector activity growth has hit a seven-month low, as business confidence fell to the lowest since early in the Covid-19 pandemic. The Caixin China General Services Business Activity Index, released this morning,...