16 h. ago WW3 fears as Germany sends 5,000 troops to Lithuania to 'protect' NATO's eastern flank

Tensions in Europe and fears of a third World War are growing as Germany starts sending troops to Lithuania to 'protect' a NATO flank, according to senior military officials

Politics

19 h. ago Global cost of Trump trade war ‘could reach $1.4tn’; Goldman Sachs cuts UK growth forecast over tariff spillovers – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

21 h. ago Global cost of Trump trade war ‘could reach $1.4tn’; tariff fears hurt UK factories – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

22 h. ago Gold at record high as markets brace for Trump tariffs ‘to affect every country’ – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

28 h. ago Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears

President promises he will be ‘very kind’ but critics warn his strategy risks triggering chain reaction and global trade warAs Donald Trump prepared to unveil a swathe of reciprocal tariffs, global markets braced and some Republican senators voiced their opposition to a strategy that critics warn risks a global trade war, provoking retaliation by major trading partners such as China, Canada and the European Union.The US president said on Monday he would be “very kind” to trading partners when he unveils further tariffs this week, potentially as early as Tuesday night. Continue reading...

Politics

34 h. ago Brazil's Lula to meet Putin and Xi amid global trade war fears

Brazil’s President Luiz Inácio Lula da Silva will meet with Russia’s Vladimir Putin in Moscow and China’s Xi Jinping in Beijing, two important partners for the South American giant, in May

Politics

48 h. ago Trump's worldwide tariff threats spark global stock market tailspin: Shares slump over fears trade war will lead to recession

Trump is due to receive tariff recommendations on Tuesday and has promised to unveil a massive tariff plan on Wednesday, dubbed 'Liberation Day'

Economics

3 d. ago Keir Starmer urged to get tough with Trump as US tariff threat looms

PM told to be as robust as Canada with the US president as the UK stages last-ditch talks to strike trade dealKeir Starmer should fight back strongly against Donald Trump if he imposes punitive tariffs on British exports, senior UK and EU diplomats said on Saturday night, amid heightened fears that the US president could trigger a global trade war with devastating effects on the UK economy.British government officials in London and Washington are working frantically this weekend to try to persuade Trump not to slap duties on more key UK industries on what he is calling “liberation day” on Wednesday. The US president has already announced plans for 25% levies on imports of cars, steel and aluminium to the US. Continue reading...

Politics

4 d. ago Harvard scientist who opposed Ukraine war ‘fears deportation back to Russia’ after having her US visa revoked

Officials said Kseniia Petrova had ‘deliberately’ tried to ‘smuggle’ biological samples through customs, but her lawyer claims she should only have received a $500 fine

Events

5 d. ago "Not scared" Family of feared Edinburgh crimelord break silence as gang war erupts in city

Breaking their silence for the first the crime clan also appeared to goad their gangland rivals boasting that none of them have had a finger laid on them.

Events

6 d. ago Gazans launch 'Hamas out' protest as thousands march and more rockets hit Israel

Protests against Hamas and the war break out among the rubbled streets in Gaza as fears escalate of a huge increase in bloodshed - sirens blare in border towns as more rockets are fired at Israel

Events

6 d. ago Urgent warning to Pentagon staff to stop using Signal over fears Russian hackers can infiltrate encrypted chats

The OpSec (Operational Security) Special Bulletin, reportedly issued on March 18, came just days after the Trump administration mistakenly leaked war plans to a journalist

Events

1 week ago Fresh WW3 fears as UK could be at war with 'bloodthirsty' Russia in just two years

Any ceasefire deal is likely to involve British troops being deployed to Ukraine to maintain peace and this week, the Government announced that the UK will “accelerate the pace and scale” of its military planning

Events

2 w. ago How Pete Hegseth is pushing his beliefs on US agency: ‘nothing to prepare forces’

As defense secretary shifts focus to culture war, some fear he is neglecting ‘future of warfare’ for US militaryNever miss global breaking news. Download our free app to keep up with key stories in real time.More than 50 days into Donald Trump’s second administration and his Department of Defense is already rapidly transforming into the image of its secretary, Pete Hegseth.Now, many of the rants and opinions common during Hegseth’s Fox News career are coming to policy fruition in his new Pentagon. Continue reading...

Politics

2 w. ago Israel strikes Damascus 'terror HQ' in bid to kill Palestinian jihadi fighters

Israeli warplanes have hit the 'terror HQ' in neighbouring Syria, warning the new regime there is no place to hide for militants amid fears of a fresh outbreak of war in the Middle East

Events

2 w. ago Ethiopia's Tigray regional government appeals for help after factional fighters seize key towns

The interim government of Ethiopia’s Tigray region has appealed for the Ethiopian federal government to intervene after a faction of the Tigray People’s Liberation Front seized control of two major towns, leaving several people wounded and raising fears of a return to civil war

Politics

2 w. ago Trump’s fresh steel tariffs threaten UK growth hopes, warn business groups

Experts warned against ‘the siren calls of protectionism’ amid fears the latest trade war escalation could derail economic growth.

Events

3 w. ago Australia’s record gold exports to US set back its case for tariff relief as Trump trade war looms

Industries across the country are bracing for the impact of the Trump administration’s worldwide tariff regimeGet our breaking news email, free app or daily news podcastA run on gold in America – fanned by fears of a global trade war – has given Australia its first trade surplus with the US in decades, undermining Australia’s key argument for exemption from Donald Trump’s impending global tariff regime.Australia expects to be included in a comprehensive global tariff regime of 25% on aluminium and steel imports from Wednesday, but which is set to expand to other sectors, such as agriculture and pharmaceuticals, in coming months.Sign up for Guardian Australia’s breaking news email Continue reading...

Politics

3 w. ago Kentucky bourbon makers fear becoming 'collateral damage' in Trump's trade war

The owners of Brough Brothers bourbon in Kentucky are ready to put their business plan into action

Events

3 w. ago Global stock markets register heavy falls as White House tries to talk up Trump tariffs

Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020Global stock markets have continued to fall amid fears that a wide-ranging trade war could dent US economic growth and result in a recession, even as the White House has denied that Trump’s trade policies are causing lasting chaos.The S&P 500 fell 2.7%, the Dow Jones dropped 2%, and the tech-heavy Nasdaq dropped 4% on Monday as investors sold shares in the so-called “magnificent seven” – Alphabet, Amazon, Apple, Microsoft, Meta, Nvidia and Tesla. Tesla’s shares had their worst day since September 2020, falling 15%. Continue reading...

Politics