14 h. ago Italy's Meloni calls for 'pragmatism' on tariffs, supports Trump's ceasefire efforts for Ukraine

Italian Premier Giorgia Meloni on Tuesday called for “pragmatism” to prevent an EU-US dispute over tariffs from escalating into a full-scale trade war, and expressed support for U.S. President Donald Trump’s efforts for a ceasefire in Ukraine

Politics

16 h. ago Gold hits record high over $3,000 amid rising geopolitical tensions; Thames Water receives six takeover offers – business live

Rolling coverage of the latest economic and financial news, as gold hits $3,027 per ounceGold is continuing to hit new heights this morning – it’s now trading at $3,027 per ounce.“In the current environment, every day seems to offer a new catalyst for the gold price,” comments Kathleen Brooks, research director at XTB.In uncertain times, central banks and individuals demand gold, while inflation concerns emanating from President Trump’s tariffs and trade war are also boosting the price of gold.Life above $3,000 per ounce could be the norm for the gold price in 2025, it is already higher by 15% YTD, easily outpacing gains for global equities. Continue reading...

Events

20 h. ago Gold hits record high over $3,000 amid rising geopolitical tensions; Pound at $1.30 against weakening US dollar – business live

Rolling coverage of the latest economic and financial news, as gold hits $3,027 per ounceGold is continuing to hit new heights this morning – it’s now trading at $3,027 per ounce.“In the current environment, every day seems to offer a new catalyst for the gold price,” comments Kathleen Brooks, research director at XTB.In uncertain times, central banks and individuals demand gold, while inflation concerns emanating from President Trump’s tariffs and trade war are also boosting the price of gold.Life above $3,000 per ounce could be the norm for the gold price in 2025, it is already higher by 15% YTD, easily outpacing gains for global equities. Continue reading...

Economics

26 h. ago More egg products seized at the border than fentanyl since the start of this year

Federal statistics illustrate the rise of egg smuggling — and undermine the rationale for Donald Trump’s trade war

Politics

31 h. ago King called ‘steadfast defender’ of Canada by country’s new PM amid US tensions

Canada is facing a trade war with America and Donald Trump’s repeated vows to make the nation its 51st state.

Events

34 h. ago Carney visits Macron and Starmer as he seeks alliances amid Trump trade war

Canadian PM stresses importance of ‘reliable allies’ in Paris before travelling to London where he was received by kingCanada is the “most European of the non-European countries”, Mark Carney has said during his first overseas trip as prime minister to France and the UK, where he is seeking stronger alliances to deal with Donald Trump’s attacks on his country’s sovereignty and economy.Without mentioning the US president by name, Carney and the French president, Emmanuel Macron, made a joint appearance in Paris to show a united stance against what they said were economic and geopolitical crises – a reference to Trump’s trade war and “America first” diplomacy that has left longtime allies scrambling. Continue reading...

Politics

43 h. ago Fresh blow to Reeves as UK’s economic forecast slashed amid warnings over Trump’s trade war

The UK’s economic forecast has been downgraded, once again dashing the government’s hopes of reviving Britain’s spluttering economy

Events

43 h. ago Canada PM Carney visits France and UK as Trump trade war deepens

Carney aims to bolster European alliances in wake of US president’s attacks on Canada’s sovereigntyMark Carney, the new Canadian prime minister, has arrived in Paris on his first stop of a visit to France and the UK as he seeks to bolster European alliances to deal with Donald Trump’s attacks on Canada’s sovereignty and economy.Carney is deliberately making his first foreign trip to the capital cities of the two countries that shaped Canada’s early existence. At his swearing-in ceremony on Friday, Carney noted the country was built on the bedrock of three peoples: Indigenous, French and British. He said Canada was fundamentally different from the US and would “never, ever, in any way shape or form, be part of the United States”. Continue reading...

Politics

44 h. ago Fresh woe for Reeves as OECD joins bodies slashing UK growth forecasts

The OECD has trimmed expectations for his year and next as it warned of looming price rises from Donald Trump 's trade war.

Events

44 h. ago Trump’s escalating trade war will damage global growth, OECD warns

Forecasts downgraded for a dozen G20 economies and alarm sounded on ‘ratcheting up’ of trade barriers

Events

44 h. ago UK and global growth forecasts cut amid warnings over Trump’s trade war

The OECD warned that consumers would face much of the burden of the trade war as inflation is expected to be sent surging.

Events

50 h. ago Carney and Macron present united front in face of Trump trade war

Carney and Macron present united front in face of Trump trade war  The Guardian

Politics

2 d. ago Fear of a tariff ‘Trumpcession’ puts pressure on Bank and Fed over interest rates

A trade war could push up inflation when both the UK and US economies really need cheaper borrowing. So what’s a central bank to do?Monetary policymakers on both sides of the Atlantic will be considering how seriously to take Donald Trump’s threats of an all-out trade war as they give their verdict on the path of interest rates this week.The Federal Reserve, the US ­central bank, will examine the prospect of a “Trumpcession” brought on by tariffs that send import costs rocketing and convince consumers, already shellshocked from the cost of living crisis, to stop spending. Continue reading...

Politics

3 d. ago Who is Mark Carney, former central banker, who is replacing Justin Trudeau as prime minister of Canada?

Carney has promised to stand up for Canada amid brewing trade war with Trump and speed up sluggish growth in national economy

Politics

4 d. ago Donald Trump trade war hits UK: What you should do with your money and investments now

Financial planner Warren Shute answers your question on whether you should do something different with your investments after Donald Trump spooked global markets

Events

4 d. ago Dollar General CEO makes grim admission amid Trump’s trade war

The CEO of Dollar General has admitted that the chain is “not anticipating improvement” for core customers in 2025, amid President Donald Trump’s ongoing foreign trade wars.

Events

4 d. ago Mark Carney sworn in as Canada's prime minister as country deals with Donald Trump's trade war

Former Bank of England governor replaces Prime Minister Justin Trudeau

Politics

4 d. ago Trump has threatened to annex Danish territory Greenland. Now the US is asking Denmark for help with egg shortages

The plea comes amid Donald Trump’s trade war and an outbreak of avian flu that has led to shortages and price rises

Politics

4 d. ago ‘We’re ground zero’: Canada steel town is frontline of Trump’s tariff trade war

Mayor of city ‘with steel in its veins’ says ‘There’s a lot of tension a lot of worry’ as 25% export levy kicks inThe sprawling ArcelorMittal Dofasco steel plant in Hamilton, Ontario has in recent months become a site of pilgrimage for Canadian political leaders.Dressed in pristine orange coveralls and hard hats, prime ministers and provincial premiers gaze at coiled sheets of steel with the stern grimaces and keen interest of generals reviewing a military parade. Continue reading...

Politics

4 d. ago Tesla tells US government Trump trade war could ‘harm’ EV companies

Letter from Elon Musk’s firm to US trade representative warns of ‘downstream impacts’ of tit-for-tat tariffsBusiness live – latest updatesElon Musk’s Tesla has warned that Donald Trump’s trade war could expose the electric carmaker to retaliatory tariffs that would also affect other automotive manufacturers in the US.In an unsigned letter to Jamieson Greer, the US trade representative, Tesla said it “supports fair trade” but that the US administration should ensure it did not “inadvertently harm US companies”. Continue reading...

Politics