70 m. ago The deadline approaches for Trump’s ‘90 deals in 90 days.’ So far he has ‘frameworks’ for two

President Donald Trump’s sweeping ‘Liberation Day’ tariffs that he ushered in on April 2 are set to go into effect in less than a month

Economics

4 h. ago Wall Street's new motto is 'anywhere but America': Where to invest in the UK and Europe instead

The movement even has its own acronym, Abusa - Anywhere But USA. UK and European shares have become more popular amid a backlash against Donald Trump's tariff policies.

Politics

5 h. ago Deciding where to invest outside America? Here's where you should put your money in the UK and Europe

The movement even has its own acronym, Abusa - Anywhere But USA. UK and European shares have become more popular amid a backlash against Donald Trump's tariff policies.

Economics

12 h. ago Vietnam risks being the trade war’s biggest loser. Does it have a plan B?

The south-east Asian country benefited hugely from US-China tensions, but the Trump tariffs strike at the heart of its economy

Events

24 h. ago FTSE 100 closes at record high as investors hunt for alternatives to US stocks

UK benchmark recovers from sell-off following Trump’s ‘liberation day’ tariffs

Economics

29 h. ago Largest ever plunge in UK exports to US as Trump tariffs hurt growth; dollar hits three

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumpedFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, to allow still troubling earnings growth ...

Politics

29 h. ago Tuna, beans, Spam: Trump’s tariffs threaten the canned foods millions rely on to survive

The US president vowed to cut food costs, but experts warn metal tariffs may raise prices in a matter of monthsCanned foods make up a big part of 20-year-old Cale Johnson’s diet: tuna, corned beef hash, beans, chicken soup, Spam and fruit. They’re affordable and have a long shelf life, which is essential for many people in the US like Johnson, who earns a low income and works two part-time jobs in addition to being a full-time student in Omaha, Nebraska.In the days after Donald Trump’s recent decision to double tariffs on steel and aluminum, Johnson says he’s worried. Continue reading...

Events

34 h. ago Blow for Rachel Reeves after UK economy shrinks by more than expected

The UK economy contracted by 0.3% in April, according to the Office for National Statistics.

Politics

50 h. ago Trump says China will face 55% tariffs under trade deal; US inflation rises to 2.4% – business live

Rolling coverage of the latest economic and financial newsElon Musk says he regrets some of his posts about Trump: ‘They went too far’US-China trade talks: ‘framework’ deal amid dispute over rare earthsShares in Tesla are set to rally in New York later today, after Elon Musk attempted to patch up relations with Donald Trump.Tesla’s shares are up 2.5% in premarket trading at $334.28, as traders react to Musk’s expression of regret over his criticism of Trump last week. Continue reading...

Economics

50 h. ago Trump says Trade War ‘deal with China is done’ and he and Xi agree on minerals: ‘FULL MAGNETS’

China’s restrictions on rare earth exports have been putting pressure on American manufacturers who rely on them for a wide range of products

Politics

50 h. ago Inflation holds steady as data shows how prices are faring after Trump’s ‘Liberation Day’ tariffs

May’s consumer price index captures the period after President Donald Trump unveiled his ‘Liberation Day’ trade tariffs

Economics

51 h. ago Trump says U.S. trade deal with China is done, after tariff talks in London yield "framework deal"

Trump says U.S. trade deal with China is done, after tariff talks in London yield "framework deal"  CBS News

Economics

53 h. ago Inflation likely ticked higher last month, though Americans may be spending less to travel

U.S. inflation likely picked up a bit last month as President Donald Trump’s tariffs start to bite, but lower prices for gas and possibly for air fares and used cars may limit the overall increase

Economics

60 h. ago Trump tariffs may remain in effect during appeals process, court rules

The decision applies to broad-based tariffs affecting most U.S. trading partners

Politics

3 d. ago 2020s on course to be weakest decade for global economy since 1960s, says World Bank

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffsBusiness live – latest updatesThe World Bank has cut its forecasts for growth, blaming Donald Trump’s trade war and says the 2020s are on course to be the weakest decade for the global economy since the 1960s.In its twice-yearly Global Economic Prospects report, the Washington-based lender reduced its forecast for global GDP growth this year to 2.3%, down from 2.7% in January. Continue reading...

Economics

4 d. ago Trump tariffs latest: Immigration crackdown will end strong US growth, warns JP Morgan

Trump tariffs latest: Immigration crackdown will end strong US growth, warns JP Morgan  The Telegraph

Events

4 d. ago Trump tariffs latest: China to deepen relationship with Britain, says vice premier

Trump tariffs latest: China to deepen relationship with Britain, says vice premier  The Telegraph

Politics

4 d. ago Trump’s tariffs have made fast fashion even more exploitative. Here’s how

Mona Mashhadi Rajabi, Lisa Lake, Martina Linnenluecke and Yun Shen deep dive into the impact Trump’s tariffs have had on fast fashion

Politics

4 d. ago We are witnessing the first stages of Trump’s police state | Robert Reich

The national guard’s deployment in Los Angeles sets the US on a familiar authoritarian pathway. History shows the resultsNow that Donald Trump’s tariffs have been halted, his big, beautiful bill has been stymied, and his multi-billionaire tech bro has turned on him, how does he demonstrate his power?On Friday morning, federal agents from Immigration and Customs Enforcement (Ice), the Department of Homeland Security (DHS), the FBI, and the Drug Enforcement Administration (DEA) conducted raids across Los Angeles – including at two Home Depots and a clothing wholesaler – in search of workers who they suspected of being undocumented immigrants.Robert Reich, a former US secretary of labor, is a professor of public policy emeritus at the University of California, Berkeley. He is a Guardian US columnist. His newsletter is at robertreich.substack.com Continue reading...

Politics

4 d. ago We are witnessing the first stages of a Trump police state | Robert Reich

The national guard’s deployment in Los Angeles sets the US on a familiar authoritarian pathway. History shows the resultsNow that Donald Trump’s tariffs have been halted, his big, beautiful bill has been stymied, and his multi-billionaire tech bro has turned on him, how does he demonstrate his power?On Friday morning, federal agents from Immigration and Customs Enforcement (Ice), the Department of Homeland Security (DHS), the FBI, and the Drug Enforcement Administration (DEA) conducted raids across Los Angeles – including at two Home Depots and a clothing wholesaler – in search of workers who they suspected of being undocumented immigrants.Robert Reich, a former US secretary of labor, is a professor of public policy emeritus at the University of California, Berkeley. He is a Guardian US columnist. His newsletter is at robertreich.substack.com Continue reading...

Politics