1 hour 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

4 h. ago Donald Trump's tariffs puncture US car industry downgraded by Barclays to 'negative'

Goldman Sachs has cut its estimate for automobile sales in the US for this year by nearly 1 million units

Politics

5 h. ago Nato chief in surprise Ukraine visit as US fails to condemn Sumy attack – Europe live

Mark Rutte makes unannounced visit to Odesa and tells Zelenskyy that ‘Nato support is unwavering’The EU has said that “significant joint efforts will be needed” for a successful outcome to trade talks at the end of Donald Trump’s 90-day pause on tariffs.The European Commission, which handles trade policy for the 27 EU member states, was reporting back on a meeting between its lead trade official Maroš Šefčovič and US commerce secretary Howard Lutnick and US trade representative Jamieson Greer in Washington on Monday.The EU will continue to approach these talks in a constructive manner, with a view to identify areas of common interest. It is clear that significant joint efforts will be needed to achieve a successful outcome within the 90-day window.The EU is doing its part. Now it is necessary for the US to define its position. As with every negotiation this must be a two-way street... With both sides bringing something to the table.” Continue reading...

Events

5 h. ago US tariffs explained: what they are, how they work and who they affect

President Trump’s tariff plan, which included a 10% charge on imports from the UK, has shaken the world’s financial markets

Economics

6 h. 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

6 h. ago Donald Trump's trade war tariffs slammed by France for unleashing 'tsunami of destabilisation'

French Prime Minister Francois Bayrou hit out at Trump’s America for going ‘over to the side of the aggressors’

Politics

6 h. ago Warning issued as wage figures revealed ahead of Bank of England interest rates decision

Economists are warning about unemployment levels after new data shows availability of jobs has worsened despite wages increasing

Events

7 h. ago SYLVIA MORRIS: Top savings deals vanish after Trump's tariffs as I predicted

Following US President Donald Trump's tariff announcements, top savings rates disappeared in a flash - which is as I anticipated. Now, here's my advice on which rates to bank while you still can.

Economics

7 h. ago ‘Shock to the system’: farmers hit by Trump’s tariffs and cuts say they need another bailout

With extreme weather and Trump’s looming trade war, US farmers are reeling and resigned to needing another bailoutFarmers across the United States say they could face financial ruin – unless there is a huge taxpayer funded bail out to compensate for losses generated by Donald Trump’s sweeping cuts and chaotic tariffs.Small- and medium-sized farms were already struggling amid worsening climate shocks and volatile commodities markets, on top of being squeezed by large corporations that dominate the supply chain. Continue reading...

Events

8 h. ago SYLVIA MORRIS says: Top savings deals are vanishing after Trump's tariffs just as I predicted

Following US President Donald Trump's tariff announcements, top savings rates disappeared in a flash - which is as I anticipated. Now, here's my advice on which rates to bank while you still can.

Economics

10 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

13 h. ago JD Vance says US is ‘working very hard’ on negotiating ‘great’ UK trade deal amid Trump tariffs chaos

‘I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries’ - JD Vance

Economics

14 h. ago JD Vance says US ‘working very hard’ with UK on negotiating ‘great’ trade deal

The Government has been hopeful of a deal to exempt the UK from Donald Trump’s tariffs.

Economics

15 h. ago Asian shares are mostly higher after Trump eases some of his tariffs on electronics, for now

Asian shares have mostly gained, echoing a rally on Wall Street after President Donald Trump relaxed some of his tariffs, for now at least, and as stress from within the U.S. bond market seems to be easing

Politics

16 h. ago Trump's erratic tariff decisions raise concerns about his mental stability

As Donald Trump's recent tariffs continue to rock the financial markets, concerns have been raised about the US President's 'irrational' behaviour with some even dubbing him 'insane'

Politics

18 h. ago Marjorie Taylor Greene's huge stock buy the day before Trump's tariff U

Marjorie Taylor Greene has admitted to purchasing between tens and hundreds of thousands of dollars worth of stock the day before and the day of Donald Trump's tariff pause.

Politics

22 h. ago Trump launches a queasy market on a wild tariff rollercoaster ride

Analysis: Trump’s constant tariff changes are keeping the world and economy off balance, warns Eric Garcia

Politics

22 h. ago Trump launches queasy market on a wild tariff rollercoaster ride

Analysis: Trump’s constant tariff changes are keeping the world and economy off balance, warns Eric Garcia

Politics

25 h. ago Cory Booker calls for insider trading hearings after Trump’s tariff backtrack

‘Not to have hearings, not to do any kind of oversight, undermines the faith we have in our government,’ senator says

Politics

26 h. ago Trump aides and El Salvador president say wrongly deported man won’t return to US: ‘No version of this ends with him living here’ – live

Nayib Bukele says he won’t return Kilmar Abrego Garcia while Stephen Miller says he would be deported again if he did come back to the USDonald Trump will meet this morning with El Salvador’s president, Nayib Bukele, at 11am ET at the White House.Referring to the cost of imprisoning the detainees in El Salvador, Trump told reporters on Sunday about Bukele:I think he’s doing a fantastic job, and he’s taking care of a lot of problems that we have that we really wouldn’t be able to take care of from a cost standpoint.He’s been amazing. We have some very bad people in that prison. People that should have never have been allowed into our country. People that murdered, drug dealers, some of the worst people on earth are in that prison. And he’s able to do that. Continue reading...

Politics