9 h. ago Petrol car ban date confirmed by Keir Starmer amid Donald Trump tariff fallout

The Prime Minister backed the British car industry on Monday as he warned Donald Trump's tariffs will have a 'profound' impact on the global economy

Politics

9 h. ago Starmer vows to back British business ‘to the hilt’ amid Trump tariff fallout

Sir Keir Starmer hinted at further announcements to come to support British firms

Politics

21 h. ago The Latest: Asian markets fall as Trump's tariffs roil global trade

Asian markets plunged on Monday following last week’s two-day meltdown on Wall Street, and President Donald Trump said he won’t back down on the sweeping new tariffs he announced on April 2 that have roiled global trade

Politics

23 h. ago Global stock market meltdown leaves Wall Street fearing repeat of 1987's Black Monday amid Trump tariff fallout

Fears are growing that Wall Street is about to see Black Monday 2 tomorrow - which would make last week's sell-off caused by President Donald Trump's tariffs look tiny. 

Politics

23 h. ago Asian markets plunge further amid tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s Nikkei 225 tumbles nearly 9% on Monday as Hong Kong’s Hang Seng down 8% and South Korea trading temporarily halted amid Trump tariff concernsHong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

24 h. ago Nikkei plunges as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s stock index plummets almost 9% on Trump tariff concerns after almost $5tn was wiped off the value of global stock markets last weekUS Treasury yields fell on Monday and the two-year yield sank to a multi-year low as worries of a possible recession in the world’s largest economy grew and investors wagered that could see US rates cut as early as May.The two-year US Treasury yield, which typically reflects near-term rate expectations, tumbled more than 20 basis points to its lowest level since September 2022 at 3.4350%, as investors ramped up bets of more aggressive Federal Reserve easing this year, Reuters reports. Continue reading...

Economics

25 h. ago Nikkei slumps as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s Nikkei plunges more than 7% on Trump tariff concerns after almost $5tn was wiped off the value of global stock markets last weekJapan’s Nikkei index has plunged more than 7%, Agence France-Presse is reporting, after having it down down 3.6% and 5% a little earlier.The fall extends last week’s 9% drop – its steepest one-week percentage decline since March 2020. Continue reading...

Economics

25 h. ago 'Black Monday 2' fears rise as stock futures sink sharply again as Trump tariff fallout escalates

Fears are growing that Wall Street is about to see Black Monday 2 tomorrow - which would make last week's sell-off caused by President Donald Trump's tariffs look tiny. 

Politics

26 h. ago Starmer to relax green rules to boost UK car industry: PM will exempt work vans and supercars from 2030 ban on new petrol vehicles amid fallout from Donald Trump's tariff war

Sir Keir Starmer said he wanted to 'back British brilliance' as he confirmed yesterday that luxury manufacturers, like Bentley and McLaren, are set to be exempted from the 2030 ban.

Politics

3 d. ago Trump tariffs live: President says Starmer ‘very happy’ with UK’s tariff after Asian markets plunge again

Donald Trump’s ‘Liberation Day’ tariffs wiped $2.4trn from S&P 500, in its biggest one-day loss since March 2020

Politics

4 d. ago Trump finally goes all in on tariffs. Free traders on the right and left are furious

ANALYSIS: The immediate anger and fallout from Trump’s tariff plan illustrates how a poor U.S. economy could politically isolate the president, writes John Bowden

Politics

4 d. ago EU threatens countermeasures and Asian markets plunge after Trump tariff announcement – business live

Ursula von der Leyen says tariffs a ‘major blow’ to world economy after US President Trump targets allies on what he dubbed ‘liberation day’Full report: Trump announces sweeping new tariffs, upending decades of US trade policyAnalysis: Trump’s wall of tariffs is likely to raise prices and cause chaos for businessThe new US tariffs “will only create losers” with US consumers particularly hard hit, the German Automotive Industry Association (VDA), has said in a statement, calling on the EU “to act together and with the necessary force, while continuing to signal its willingness to negotiate.”The body, which represents the powerful German auto industry, said the tariffs markedthe United States’ departure from the rules-based global trade order – and thus a departure from the foundation for global value creation and corresponding growth and prosperity in many regions of the world.This is not America first; this is America alone. Continue reading...

Economics

5 d. ago Asian markets plunge as world reels from Trump tariff announcement – business live

US president has announced aggressive tariffs targeting US allies on what he has dubbed ‘liberation day’Full report: Trump announces sweeping new tariffs, upending decades of US trade policyAnalysis: Trump’s wall of tariffs is likely to raise prices and cause chaos for businessUS futures have fallen sharply, with the Dow Jones dropping 2.4% at around 2345 GMT, the Nasdaq index plunging 4.2%, and the broader futures index for the S&P 500 falling 3.5%. AFP reports:Wall Street has largely suffered from Trump’s various trade announcements in recent weeks.“The silver lining for investors could be that this is only a starting point for negotiations with other countries and ultimately tariff rates will come down across the board,” Northlight Asset Management’s Chris Zaccarelli wrote in a note to clients. Continue reading...

Economics