7 h. ago Apple airlifted iPhones worth $2bn from India in March as Trump tariffs loomed

Tech giant stepped up production and chartered cargo flights with at least six jets to ensure sufficient inventoryApple’s main Indian suppliers Foxconn and Tata shipped nearly $2bn worth of iPhones to the United States in March, an all-time high, as the US company airlifted devices to bypass Donald Trump’s impending tariffs, customs data shows.The smartphone maker stepped up production in India and chartered cargo flights to ferry 600 tons of iPhones to the United States to ensure sufficient inventory in one of its biggest markets based on concern that the US president’s tariffs would push up costs. At least six cargo jets were used in the operation, which one source described as a way to “beat the tariffs”. Continue reading...

Politics

15 h. ago Nvidia says it will build up to $500bn of US AI infrastructure as chip tariff looms

Plan comes after Donald Trump reiterated import threats and chipmaker’s CEO dined at US president’s resortThe chip designer Nvidia has said it will build up to $500bn (£378bn) worth of artificial intelligence infrastructure in the US over the next four years, in a sign of manufacturers investing in operations on American soil amid Donald Trump’s tariffs.The announcement comes after Trump reiterated threats on Sunday to impose imminent tariffs on the semiconductors that Nvidia makes mostly in Taiwan, and after the chipmaker’s chief executive, Jensen Huang, dined at the president’s Mar-a-Lago resort earlier this month. Continue reading...

Economics

36 h. ago US military aid for Ukraine is about to cease. Is Europe ready? | David Shimer

Putin is planning for this war to continue. That leaves two key questions for Ukraine’s European alliesDavid Shimer was the director for eastern Europe and Ukraine on Joe Biden’s National Security CouncilThe war between Russia and Ukraine is approaching a historic turning point: unless the Trump administration adjusts course, US military aid for Ukraine is about to cease.In the months before leaving office, Joe Biden made a series of decisions to augment Ukraine’s stockpiles of vital munitions. Toward the end of 2024, the Department of Defense surged hundreds of thousands of artillery rounds, thousands of rockets and hundreds of armored vehicles to Ukraine, and that December, he approved an additional $1.25bn security assistance package for Ukraine, which has enabled the continued flow of US arms ever since (with the exception of the damaging pause ordered by Donald Trump in March).David Shimer served on the White House National Security Council from 2021-25, including as the direct...

Events

60 h. ago Brits warned of looming pain as UK now among WORST hit by Trump's tariffs after he shelved punitive levies and handed China exemptions for iPhones

Downing Street signalled relief when the US president's 'Liberation Day' assault was originally mounted.

Events

4 d. ago UK economy grows faster than expected in February as Trump tariff threat looms

The figures are a positive for Labour, but economists said growth will likely be hampered by the US trade war in the coming months.

Politics

5 d. ago Trump admits ‘transition cost’ of tariffs as global markets sink again – business live

US stocks tumble once more after historic rally following US president’s shock retreat on ‘reciprocal’ tariffsUS stocks fall again after rally following Trump’s shock retreat on tariffsIn the UK, shoppers stayed away from the high street in March, a situation retailers said could worsen if the economic gloom caused by Donald Trump’s tariff war hits consumer confidence.Footfall fell 5% in March to extend a downturn in February that retailers said could be attributed to a recent rise in inflation and pressure on pay packets since a brief revival during the January sales.Global uncertainties resulting from tariffs and a potential economic slowdown could reduce the appetite for shopping trips in the coming months. Continue reading...

Economics

6 d. ago Trump issues executive order to block state climate crisis policies – US politics live

Move directs US attorney general to block laws addressing carbon emissions and comes hours after president issued orders to increase coal productionChina will impose 84% tariffs on US goods from Thursday, up from the 34% previously announced, the finance ministry said on Wednesday.In early March, the Trump administration sent warning letters to 60 US universities it said were facing “potential enforcement actions” for what it described as “failure to protect Jewish students on campus” in the wake of widespread pro-Palestinian protests on campuses last year. Continue reading...

Politics

6 d. ago Trump tariffs live updates: Asian markets tumble as 104% China tariffs loom; president teases tax on pharma imports

Beijing says it will ‘fight to the end’ as president demands China drop its retaliatory countermeasures

Politics

7 d. ago Vladimir Putin 'enjoying every second of Donald Trump's tariffs fiasco' as WW3 looms

Vladimir Putin is waiting to take advantage of any weakness in the global order before moving onto his next target as he aims to expand Russian influence on the world stage

Politics

7 d. ago Trump live updates: China refuses to budge as deadline looms for 104% tariffs threat

Beijing says it will ‘fight to the end’ rather than submit to president’s trade war aggressions

Events

8 d. ago Stock markets plunge as Donald Trump says 'it won't be easy' amid recession fears

The President doubled down on his plans to implement the tariffs, despite looming fears of a recession, as stock markets plunged again this morning.

Politics

1 week ago Mahmoud Khalil says his arrest was part of ‘Columbia’s repression playbook’

Green-card holder and activist led campus pro-Palestinian rallies and is now fighting Trump effort to deport himMahmoud Khalil, the Columbia University student activist who led campus pro-Palestinian rallies and is now resisting the Trump administration’s deportation efforts, has accused the university of laying “the groundwork for my abduction” and called on the student body to continue demonstrations and protests.Khalil, a green-card holder who is in custody in Louisiana as his case moves through the courts, was detained on 8 March. The Trump administration is seeking to deport him under a provision in federal immigration law that permits the state department to deport non-citizens considered to be a threat to US foreign policy. Continue reading...

Events

1 week ago US economy adds 228,000 jobs in March ahead of Trump’s trade war

Comes as Trump’s announcement of tariffs send the market into free fall

Politics

1 week ago Ireland’s premier warns ‘old order is changing’ in call for EU

Micheal Martin said the looming tariffs are the ‘most serious issue’ to face the Irish economy.

Events

1 week ago Starmer promises ‘calm, pragmatic approach’ as Trump tariffs loom

British businesses are braced for the impact of the US president’s tariffs, which have the potential to derail the UK Government’s economic plans.

Politics

2 w. ago Businesses rush goods into US foreign trade zones as tariffs loom

Policy uncertainty fuels surge in use of approved facilities that temporarily exempt businesses from paying levies

Economics

2 w. ago Trump aides draft proposal for 20% tariffs on ‘most imports’ to US as Liberation Day deadline looms: Live

Trump’s team says it is still weighing options as the president prepares to announce a sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and a global trade war

Politics

2 w. ago Keir Starmer 'won't hit back' at looming Trump tariffs as he vows a 'calm response'

Keir Starmer is gathering Cabinet on the eve of the Donald Trump's so-called 'Liberation Day' - when he has vowed to impose huge levies on imports from around the world.

Politics

2 w. ago Bank of Japan survey says big manufacturers gloomier as Trump tariffs loom

A survey by Japan’s central bank has found a decline in business sentiment among large manufacturers for the first time in a year, partly because of worries about U.S. President Donald Trump’s tariffs

Economics

2 w. ago Trump news live updates: Recession odds up as President’s tariff ‘Liberation Day’ looms

President also says that reciprocal ‘Liberation Day’ tariffs will impact ‘all countries’, sending unease through financial markets

Politics