14 h. ago European markets suffer losses after Trump ‘recommends’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net export...

Economics

16 h. ago Stock markets plunge after Trump reignites trade war risk with threat of 50% tax on EU goods

US president’s fresh plan wipes billions off shares in UK, US, France, Germany Spain and Italy

Events

17 h. ago Markets tank as Trump moves to impose crippling 50% tariff on Europe

Donald Trump is threatening new crippling tariffs on the European Union after trade negotiations have gone south.

Politics

18 h. ago Trump launches crippling tariffs on 'very difficult' Europe in new trade war escalation

Donald Trump is threatening new crippling tariffs on the European Union after trade negotiations have gone south.

Politics

19 h. ago Trump ‘recommending’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTypical energy bill in Great Britain to fall 7% to £1,720 a year from JulyAs well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net exports an...

Politics

20 h. ago Homeowners spend on renovations and repairs despite the uncertain economy and higher prices

U.S. homeowners are boosting spending on home renovation projects, bucking a broader pullback by consumers amid diminished confidence in the economy

Economics

34 h. ago G7 ministers threaten more sanctions against Russia over Ukraine war

Summit makes little progress on how to respond to Donald Trump’s trade war

Politics

41 h. ago After the glory and the afterparty Levy faces Postecoglou crunch time

No one left Spurs’ club celebrations when the lights went on at 3am but will the lights go out on the manager’s tenure?The Tottenham afterparty was in full swing at the Hotel Carlton in Bilbao; players, management and family members just surrendering to the moment. Many of the players were still in their full match kits, medals draped around their necks and the centrepiece was the Europa League trophy, 15kg of the purest bliss.It is heavier than you think, according to Son Heung-min. “Very heavy, very heavy,” he said. The Spurs captain had accidentally head-butted it as he hoisted it high into the sky after the 1-0 win over Manchester United, a teammate having pushed into him as he performed the move he had dreamed about ever since signing from Bayer Leverkusen in 2015. The angry red cut on Son’s forehead was a part of the tapestry. Continue reading...

Politics

69 h. ago Revealed: UnitedHealth secretly paid nursing homes to reduce hospital transfers

A Guardian investigation finds insurer quietly paid facilities that helped it gain Medicare enrollees and reduce hospitalizations. Whistleblowers allege harm to residentsUnitedHealth Group, the nation’s largest healthcare conglomerate, has secretly paid nursing homes thousands in bonuses to help slash hospital transfers for ailing residents – part of a series of cost-cutting tactics that has saved the company millions, but at times risked residents’ health, a Guardian investigation has found.Those secret bonuses have been paid out as part of a UnitedHealth program that stations the company’s own medical teams in nursing homes and pushes them to cut care expenses for residents covered by the insurance giant. Continue reading...

Society

4 d. ago Eurozone growth forecasts cut amid uncertainty over Trump trade war

Tariffs impact demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European CommissionBusiness live – latest updatesThe European Commission has cut its growth forecasts for the eurozone this year and next as a result of uncertainty caused by Donald Trump’s tariff wars.The commission said the impact of tariffs demanded a “considerable downgrade” to the expected growth this year of the 20-member eurozone to 0.9% from the previous forecast, made in November, of 1.3%. Continue reading...

Politics

4 d. ago China's economy slows in April as trade war blues hit retail sales, housing and investment

Key economic indicators show China's economy slowing somewhat in April, with retail sales, property and investment coming in weaker than economists had forecast

Economics

5 d. ago This pause in the trade war will be brief. Small businesses, plan accordingly

Trump’s animosity towards China isn’t going to disappear, and his past actions do not bode well for a quick resolutionDonald Trump’s massive Chinese tariffs are on pause. The media debated. Wall Street rejoiced. Many of my clients breathed a sigh of relief. Big retailers jumped for joy. But for how long?For starters, the tariffs that weren’t paused – a 10% levy on all Chinese goods, plus a bonus 20% tax that somehow relates to fentanyl, are still in place. When you take into consideration existing tariffs on steel from previous Trump and Biden administrations, the effective tariff rate on Chinese goods is actually closer to 40%, according to an analysis done by the Wall Street Journal. Continue reading...

Events

6 d. ago Trump orders Walmart to ‘eat the tariffs’ and stop blaming his trade war for rising prices: ‘I’ll be watching’

President lashes out at world’s largest retailer despite claiming his tariffs are tax on foreign countries not U.S. consumers

Politics

7 d. ago US consumer sentiment slides to lowest in 3 years as trade war raises anxiety about inflation

U.S. consumer sentiment fell slightly in May for the fifth straight month as Americans increasingly worry that President Donald Trump’s trade war will worsen inflation

Economics

7 d. ago IPL resumes after Kashmir conflict with English players facing ODI overlap

Bethell, Salt and Livingstone back in action for RCBStarc and Curran among those opting to stay back homeOnly eight days after the competition was suspended amid mounting hostilities along India’s border with Pakistan the Indian Premier League returns on Saturday, with most of the foreign players who scattered across the globe in the 48 hours after the competition collapsed now back in the country, their pursuit of runs and wickets having been temporarily replaced by the rapid accumulation of air miles.The plug was effectively pulled on the tournament 10.1 overs into a game between Punjab Kings and Delhi Capitals in Dharamsala on 8 May, when as rockets landed only 80km to the west the floodlights went out, fans were told to leave and players rushed back to their hotel. That match has been rescheduled for 24 May in Jaipur with all the remaining games to be played in only six venues and Chennai, Hyderabad and Kolkata joining Dharamsala in being cut from the schedule. Continue reading...

Sport

8 d. ago US recession can’t be ruled out, Jamie Dimon warns, as UK tops G7 growth table – business live

UK economy posts its fastest quarterly growth in a year, outpacing rivals, in growth spurt ahead of trade war disruptionUK economy defies gloomy warnings to grow 0.7% in first quarter of yearChancellor Rachel Reeves has hailed today’s growth figures, pointing out that the UK expanded faster than other major economies in January-March.But Reeves is also cautioning that there is ‘more to do’:“Today’s growth figures show the strength and potential of the UK economy.“In the first three months of the year, the UK economy has grown faster than the US, Canada, France, Italy and Germany.UK: +0.7% growthCanada: estimated to have grown by 0.4%Italy: 0.3% growthGermany: 0.2% growthFrance: 0.1% growthUS: -0.075% (or -0.3% on an annualised basis)Japan: reporting tomorrow, -0.1% forecast Continue reading...

Events

8 d. ago Trump’s trade war risks US capital flight, warns hedge fund Elliott

Tariff policies could cause ‘enormous’ damage, $73bn firm says in letter to investors

Events

1 week ago Nissan to axe 15% of global workforce and almost halve number of plants

Donald Trump’s trade war adds to challenges facing Japanese carmaker

Economics

1 week ago Asian shares gain after Wall Street's rally, but hopes are tempered by trade war uncertainties

Asian shares have advanced after China and the United States announced a 90-day truce in their trade war

Events

1 week ago Trump says tariffs on China imports won’t return to 145% and that he sees a deal – live

Trump warns US could raise tariffs after 90-day pause on trade war with China but expresses confidence a deal will be madeChina and US agree 90-day pause to trade warQatar has offered to donate a plane to the United States and details are still being worked out, White House spokeswoman Karoline Leavitt said on Monday.“The Qatari Government has graciously offered to donate a plane to the Department of Defense. The legal details of that are still being worked out,” Leavitt said in an interview with Fox News. Continue reading...

Economics