20 h. ago Trade war fears trigger biggest slide in US consumer expectations since 1990 recession – business live

Rolling coverage of the latest economic and financial newsXi announces plan for Chinese economy to counter impact of US trade warEuropean stock markets are rising this morning, amid hopes that China is relaxing some of its tariffs.In London, the FTSE 100 index is up 12 points or 0.13%, at 8417 points. Engineering companies are among the top risers, with aerospare manufacturers Melrose up 3.6%, and Rolls-Royce up 2%, after Safran reported that tariffs on aircraft parts have been lifted.“We learned last night that China has taken the decision not to tax engines or landing gear or nacelles - in other words a certain number of aerospace equipment parts.”“It demonstrates that the situation is very fluid.” Continue reading...

Economics

51 h. ago US trade war fears drive UK consumer confidence down to record low; Tesla’s European sales fall again – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Economics

3 d. ago World War 3 fears as NATO country moves troops in event of Russian attack

Germany's military has approached a number of major arms firms over whether they could provide logistics support in the event of a Russian attack on NATO's eastern flank

Events

6 d. ago Chilling new gang war video threatens 'stage two' amid fears of escalating attacks

Thugs connected with the Dubai-based ‘Mr Big’ have released a video which suggests the severity of attacks across Scotland’s central belt could worsen.

Events

8 d. ago Tech industry fears Trump’s trade war will hamper US AI ‘dominance’

Tariffs and threat of new duties on chips and computing infrastructure could frustrate American ambitions to lead artificial intelligence race

Politics

1 week ago Sudan’s news blackout stokes fear and confusion after refugee camp attacks

Families of those displaced wait for news from Darfur amid reports of hundreds killed by paramilitary RSFSudan’s information blackout has left relatives of those in Sudan’s Zamzam refugee camp struggling for news of their safety after it was overrun by militiamen at the weekend.As leaders across the globe prepared to meet for peace talks in London to pressure the backers of the paramilitary Rapid Support Forces (RSF) and the Sudanese army to agree a ceasefire, the RSF launched a deadly assault that led to it seizing Zamzam after weeks of tightening its siege. Continue reading...

Events

2 w. ago Trump insists tariff war is ‘doing really well’ as recession fears mount

S&P 500 and Dow Jones rise sharply after extraordinarily volatile week as experts warn of continued turbulenceDonald Trump insisted his trade war with much of the world was “doing really well” despite mounting fears of recession and as Beijing hit back and again hiked tariffs on US exports to China.As the US president said his aggressive tariffs strategy was “moving along quickly”, a closely watched economic survey revealed that US consumer expectations for price growth had soared to a four-decade high. Continue reading...

Politics

2 w. ago US accelerates plans for nuke 24 times more powerful than Hiroshima bomb amid WWIII fears

America's newest weapon of mass destruction is going into production seven months ahead of schedule as fears of a war with China continue to grow.

Events

2 w. ago US reveals new plans for nuke 24 times more powerful than Hiroshima bomb amid WWIII fears

America's newest weapon of mass destruction is going into production seven months ahead of schedule as fears of a war with China continue to grow.

Events

2 w. ago EU drops plans to hit American bourbon with retaliatory tariffs

Drink removed from draft list after lobbying from whiskey-making Ireland and wine-producing Italy and FranceUS politics live – latest updatesAmid the economic maelstrom of Donald Trump’s trade war, drink makers might take a small drop of comfort: the EU has dropped plans to hit American bourbon with retaliatory tariffs.Bourbon and other US whiskeys have escaped EU countermeasures after heavy lobbying from the EU’s drinks-producing countries – such as whiskey-making Ireland and the wine behemoths Italy and France – who feared their alcohol industries would become casualties of a global trade war. Continue reading...

Events

2 w. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong 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

2 w. ago Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Larry Fink says most CEOs he talked to agreed with assessment; US indexes see sharp ups and downs; UK index loses nearly 4.5% US politics live: Trump threatens China with additional tariffsVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong 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

2 w. ago Donald Trump threatens China with even more tariffs sparking fresh trade war fears

Donald Trump has sent stock markets around the world tumbling as his sweeping - and bizarre - tariffs continue to wipe out confidence in the American economy

Events

2 w. ago Rollercoaster for US stock markets as tariff uncertainty puts investors on edge

Wall Street shows some recovery after initial falls as Trump’s team dismiss rumours of a 90-day pause on tariffs as ‘fake news’US Politics Live: Trump says Federal Reserve should cut ratesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong 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

2 w. ago Trump tariffs live: FTSE opens sharply down after Asian markets plummet over trade fears

US president calls sweeping tariffs ‘medicine’ as fears of global trade war lead investors to ramp up bets on risk of recession

Politics

2 w. 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

2 w. ago Trump officials claim 50 nations want to start US trade talks as Starmer vows to protect UK businesses

Back in Britain, the Prime Minister has pledged to ‘turbocharge plans that will improve our domestic competitiveness’ in the wake of Trump’s tariffs and fears of a global trade war

Politics

3 w. ago China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-offBusiness live – latest updatesUS politics live – latest updatesChina has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US – mirroring the US decision and exacerbating a sell-off on global stock markets. Continue reading...

Politics

3 w. ago Stock markets continue to fall as fears over Trump’s trade war dragging down the economy fuel sell

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Politics

3 w. ago Ukrainians who fled war fear deportation under Trump: ‘I am young, I want to live’

Trump’s moves have pushed hundreds of thousands of Ukrainians into a state of insecurity after they were welcomed to a safe havenNot long after Russia invaded Ukraine in 2022, Danyil packed everything he could in a bag and traveled 15 hours by bus from the Zakarpattia region in western Ukraine to the Czech Republic.He fled the war at 17, just as the Ukrainian president, Volodymyr Zelenskyy, forbade men between the ages of 18 and 60 from leaving the country. Now aged 20, he watches from the US as the war drags on. In December, Zelenskyy said 43,000 Ukrainian soldiers have been killed and another 370,000 have been wounded in the war. Continue reading...

Politics