6 h. ago Trump news at a glance: Wild swings on global markets as Trump threatens further China tariffs

Extreme volatility has plagued global stock markets, with Donald Trump defying stark warnings about economic damage – key US politics stories from 7 April Global stock markets fell catastrophically on Monday following President Trump’s tariff rollout.Despite the economic turmoil, the US president doubled down on his plan, threatening to impose an additional 50% tariff on imports from China on Wednesday, unless the country rescinds its retaliatory tariffs on the United States by Tuesday. Continue reading...

Politics

8 h. ago ALEX BRUMMER: This really is a global catastrophe, but the PM hasn't grasped just how vulnerable we are

Wall Street trader Bill Ackman is one of Donald Trump's most faithful backers in the financial world.

Politics

3 d. ago ALEX BRUMMER: Donald Trump's Liberation Day leaves its scars

The Wall Street Journal compares 'Liberation Day' to Richard Nixon's decision to blow up the Bretton Woods system of fixed exchange rates in 1971. The Economist calls it 'Ruination Day'.

Politics

5 d. ago US banks predict climate goals will fail – but air conditioning firms will thrive

Reports predict global heating will bring catastrophes and that air conditioning market could grow by 41%The world is on track for disastrous global heating – but this will create profits for some air conditioning companies, according to forecasts by leading Wall Street financial institutions.Recent reports by Morgan Stanley, JPMorgan Chase and the Institute of International Finance all make clear the finance sector considers the Paris climate agreement limiting global temperatures, signed a decade ago by nearly 200 nations, is effectively dead and investors should plan accordingly. Continue reading...

Society

7 d. ago ALEX BRUMMER: If Donald Trump refuses to relent on his tariffs, we face a stock market cataclysm, global recession and a new inflationary spiral

Donald Trump avoided introducing his latest raft of tariffs today, on April 1, for fear he would be ridiculed for bringing in such radical measures on April Fool's Day, writes ALEX BRUMMER

Economics

1 week ago ALEX BRUMMER: The Office for Budget Responsibility must be stripped of its powers or all our wallets will suffer

ALEX BRUMMER: Of all the blunders Rachel Reeves has made since becoming Chancellor, none has been greater than her empowerment of the Office for Budget Responsibility (OBR).

Politics

2 w. ago Atrocities mount daily. Promised aid does not arrive. Why has the west turned its back on Sudan?

As territory is won and lost by opposing military forces, people grasp at scraps of normality. But the country is undergoing the world’s most severe humanitarian catastrophe and global announcements of help have amounted to nothingA friend had gone missing. Nothing unusual in Sudan’s ruinous war, but Hitham Mohund knew it was vital to act quickly. However, in an abandoned home near the Nile River he stopped searching after making a grisly discovery: wedged inside a bathroom were three bodies. Hands tied, eyes staring upwards.“They were shot in the chest,” said the 28-year-old, as he walked towards Maigoma Street, a dusty thoroughfare in north Khartoum, Sudan’s capital. Continue reading...

Politics

3 w. ago ALEX BRUMMER: These tariffs couldn't have come at a worse time for Britain's ailing steel industry

When Trump announced a 25 per cent tariff on Canadian steel and aluminium imports, Doug Ford, the feisty premier of Ontario, Canada's largest industrial province, came out swinging.

Politics

3 w. ago Trump trade turns sour: The US president is taking disrupting to the extreme, says ALEX BRUMMER

Unpredictability is too mild a word to describe Donald Trump's actions since he arrived in the Oval Office just under two months ago.

Politics