5 h. ago ALEX BRUMMER: Far from making America great again, Trump Slump has caused global chaos

Donald Trump has presided over an economy that is reviving memories of the Great Depression. Unless he sees sense, his decisions will continue putting all our savings at risk.

Politics

12 h. ago The Guardian view on the IMF’s warning: Donald Trump could cost the world a trillion dollars | Editorial

The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaosWake up! When the most sober of global institutions, the International Monetary Fund, abandons its usual technocratic calm to sound the alarm on the political roots of global financial instability, it’s time to pay attention. The IMF is warning of a non-negligible risk of a $1tn hit to global output, as Donald Trump’s erratic “America first” agenda – part oligarchic enrichment scheme, part mobster shakedown – collides with a perfect storm of global financial vulnerabilities.Such a shock would be equivalent to a third of that experienced in the 2008 crisis. But it would be felt in a much more fragile and politically charged environment. This time, the crisis stems not just from markets but from the politics at the heart of the dollar system. The IMF’s latest Global Financial Stability Report sees the danger in Mr Trump’s trade ...

Events

3 d. ago 'World's largest gold deposit' worth £61billion could be terrible news for Donald Trump

A huge gold deposit discovered in China could hold an eye-watering £61billion worth of gold which could tip the balance of global power, amid Trump's tariff chaos

Economics

3 d. ago 'World's largest gold deposit' discovery worth £61billion could be terrible news for Donald Trump

A huge gold deposit discovered in China could hold an eye-watering £61billion worth of gold which could tip the balance of global power, amid Trump's tariff chaos

Economics

6 d. ago Spotify chaos as new global outage hits 21,000 Brits in the UK

More than 21,000 people around the UK have taken to social media saying that the Spotify website and app are not working after the streaming service suffered a major outage

Events

7 d. ago Trump’s tech tariffs are total chaos – and everyone’s paying the price

From iPhone airlifts to Nintendo delays, Trump’s trade war has thrown the tech world into confusionHello, and welcome to TechScape. Today’s news: Donald Trump’s tariffs spread confusion like a germ, tech takes two kinds of environmental tolls, Meta faces an antitrust trial, and I’ve been watching two excellent pieces of serialized fiction on Instagram and TikTok.OpenAI countersues Elon Musk over ‘unlawful harassment’ of companyFederal workers fear Musk’s ‘efficiency’ agency is using AI to spy on them: ‘They are omnipresent’ Continue reading...

Economics

1 week ago Chris Riddell on Donald ‘Captain America’ Trump wielding his tariff shield – cartoon

Is the president really ready to do battle with China after causing global chaos and undermining the US economy?You can buy a copy of this cartoon Continue reading...

Politics

1 week ago Starmer urged to accelerate global trade deals after Trump tariff chaos

Exclusive: The UK is warned it cannot isolate itself from the effects of a trade war between the US and China after Donald Trump’s U-turn on tariffs

Economics

1 week ago Will Trump’s tariff chaos be China’s gain in global trade wars?

As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunitiesBusiness live – latest updatesOn the basis of Napoleon’s dictum “never interrupt your enemy while they are making a mistake”, there was a large incentive for China to do precisely nothing as Donald Trump displayed his determination to lose friends and induce market panic. Indeed, the Chinese advocates of passivity cited a social media meme attributed to President Xi Jinping: “Do nothing. Win.”Initially it was tempting for China to sit back and watch the US’s former allies recoil at Trump’s disruptive war on globalisation and let them realise that, by comparison, China represented an oasis of stability, modernity and predictability. Continue reading...

Events

1 week ago London businesses 'most concerned' about fallout from global financial chaos

But the capital’s SMEs far more optimistic about growth over the coming months

Economics

1 week ago Shares surge and FTSE climbs 6% after Trump pauses tariffs amid financial global chaos

In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.

Politics

1 week ago Shares surge after Trump pauses tariffs amid financial global chaos

In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.

Politics

1 week ago Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond

We examine potential consequences of US president’s market chaos, which could reach every corner of global finance and economyDonald Trump may have stepped back from his huge tariff rises on every country, except China, which now faces 125%, but the impact of the market chaos is likely to continue in the UK and beyond. The rest of the world still faces a blanket 10% tariff on all US exports.While much of the focus has been the direct impact of the tariffs on physical goods, Trump’s actions threaten to reach every corner of global finance and the economy. Continue reading...

Politics

2 w. ago Donald Trump tariffs crisis LIVE: London Stock Exchange opens after global markets plunge into chaos

Donald Trump is refusing to back down on his plans for crippling tariffs around the world which have already led to huge drops in stock market prices and there is fear for more chaos to come

Events

2 w. ago Trump tariffs live: FTSE sinks in market chaos as fears grow US president will trigger global recession

US president describes sweeping tariffs as ‘medicine’ as billionaire who endorsed Trump calls for pause to avert ‘economic nuclear winter’

Politics

2 w. ago Trump condemns the world to a financial 'nuclear winter': FTSE plummets to lowest level in a year, cryptocurrency joins the plunge as defiant President insists world must take his 'medicine'

The FTSE 100 was again whacked today by the fallout from the president's astonishing move to hike import taxes on goods entering the US, hitting its lowest lowest level in a year.

Politics

2 w. ago FTSE plummets to lowest level in a year as Trump says the world must take his 'medicine' and Asian markets are hit by worldwide financial chaos

The FTSE 100 slumped more than 6 per cent after opening at 8am, having seen its worst day since the pandemic on Friday.

Events

2 w. ago Minister responds to fears of global recession as Trump tariffs cause market chaos

Transport Secretary Heidi Alexander responded to a question on whether there would be a global 'bloodbath' with Donald Trump's tariffs causing a worldwide recession

Politics

2 w. ago FTSE shares plummet on opening as Trump says the world must take his 'medicine' and Asian markets are hit by worldwide financial chaos

The FTSE 100 slumped more than 6 per cent after opening at 8am, having seen its worst day since the pandemic on Friday.

Events

2 w. ago Trump tariffs live: US markets see worst day in five years as president claims ‘stock is going to boom’

US president insists country is going to flourish as markets close sharply down; Republican ex-leader Mitch McConnell says tariffs are a ‘bad policy’US stock markets have worst day since Covid over Trump tariffsGlobal markets in turmoil amid Trump tariffsTrump’s chaos-inducing global tariffs, explained in chartsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics