Tuesday newspaper round-up: M&S, Royal Mail, Orsted
By Michele Maatouk
Date: Tuesday 26 Aug 2025
(Sharecast News) - Donald Trump has moved to fire the Federal Reserve governor Lisa Cook over allegations she committed mortgage fraud, the latest escalation in the US president's attack on the central bank's independence. Trump wrote to Cook on Monday, telling her that he was removing her from her position "effective immediately" based on the allegation from one of his allies that she had obtained a mortgage on a second home she incorrectly described as her primary residence. - Guardian
Marks & Spencer is opening a secondhand clothing store on eBay to find new homes for "old favourites" as the household name taps into booming demand for preloved clothing. The retailer has collected 36.5m secondhand clothes since it launched its "shwopping" clothing recycling scheme - now called Another Life - over a decade ago. Most of that clothing has been resold by charity partner Oxfam. - Guardian
Royal Mail is to stop accepting parcels bound for the US as it braces for the impact of new tariffs announced by Donald Trump. The postal service has joined a number of operators across Europe in suspending most shipments to the US from Tuesday, amid uncertainty sparked by incoming new laws. - Telegraph
Britain's biggest windfarm operator has been plunged into crisis after Donald Trump halted its main US project. Danish energy giant Ørsted - which generates 7pc of Britain's power - has seen its share price slump to the lowest level on record after the Trump administration blocked work on the $4bn (£2.9bn) Revolution windfarm off the coast of New England. - Telegraph
Vacancies for entry-level jobs in the UK have dropped to their lowest level in five years in a further sign of a cooling labour market and falling demand for young lower-paid staff in the wake of government tax hikes. The latest survey data from Adzuna, a jobs-matching search engine, showed vacancies across the economy had declined by 1.24 per cent in the three months to July to 865,000, reversing gains made in the previous three-month period and corroborating official data showing a steady fall in advertised jobs over the past two years. - The Times
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