3 d. ago Global economy to slow as Donald Trump’s trade wars hit growth, OECD warns – business live

Rolling coverage of the latest economic and financial news, as OECD forecasts global growth will slow to 2.9% in 2025 and 2026UK will slump to 1% growth next year as Trump tariffs bite, says OECDUS firms say Trump trade war is hitting production as dollar nears three-year lowUS economic growth is expected to slow markedly to 1.6% in 2025 and 1.5% in 2026, the OECD says.That’s relatively weak growth by recent standard, and slower than the “robust” growth of 2.8% recorded in 2024.Annual headline inflation is set to pick up to 3.9% by end-2025 due to higher import prices but is expected to ease throughout 2026, aided by moderate GDP growth and higher unemployment.Risks to the growth projection are skewed to the downside, including a more substantial slowing of economic activity in the face of policy uncertainty, greater-than-expected upward pressure on prices from tariff increases, and large financial market corrections. Continue reading...

Events

4 d. ago Ryan Reynolds' Wrexham linked with Premier League star David Moyes was 'disappointed' to lose

Wrexham have been connected with yet another big-name signing as Phil Parkinson looks set to improve his squad ahead of competing in the Championship next season

Politics

4 d. ago China accuses US of ‘seriously violating’ trade war truce; UK factory output shrinks again – business live

Rolling coverage of the latest economic and financial newsToday’s UK PMI report (see 9.52am) also shows that business confidence at British factories remained ‘subdued’ last month.Manufacturers continued to raise concerns that turbulent trade conditions, the weak economic outlook and rising cost burdens will make market conditions tough during the year ahead.Weak global market conditions, trade uncertainty, low customer confidence and cost pressures resulting from recent increases to UK employer NICs and minimum wages also contributed to clients’ reluctance to spend. That said, a recent bout of good weather did boost sales at some manufacturers. Continue reading...

Economics

6 d. ago China's factory activity contracts in May, but there are signs of improvement

China’s factory activity contracted in May although the decline slowed from April as the country reached a deal with the U.S. to slash President Donald Trump’s sky-high tariffs

Politics

7 d. ago Mary Halvorson: About Ghosts review – restless beauty from jazz’s shape

(Nonesuch)The Brooklyn boundary-pusher’s expanded ensemble returns with a kaleidoscopic blend of angular rhythms, intricate melodies and thrilling improvisationsHowever edgy and angular Mary Halvorson’s music gets, powerful melodies and inviting harmonies always drift below even the stormiest surface, giving the much-lauded New York composer and guitarist an appeal way beyond the avant garde. About Ghosts features an expanded version of her Amaryllis ensemble, which made one of 2024’s standout jazz albums, Cloudward. The lineup retains Adam O’Farrill (trumpet), Jacob Garchik (trombone), Patricia Brennan (vibraphone), Nick Dunston (bass) and Tomas Fujiwara (drums), augmented by Blue Note Records’ fiery, gospelly alto-sax star Immanuel Wilkins and the rugged, Wayne Shorter-like tenorist Brian Settles.These two players give this release a crucially different feel, lending richer tonalities and expressive range to Halvorson’s signature brass fanfares, boppish-to-abstract improv, restles...

Politics

2 w. ago Millions taking one of UK's most common medications could be protected from cancer, study suggests

The commonly taken medication was found to significantly improved the ability of cells to fight cancer and suppressed tumor growth in several cancer types.

Science

2 w. ago Millions taking one of UK's most common medications could be saved from cancer, study suggests

The commonly taken medication was found to have significantly improved the ability of cells to fight cancer and suppress tumor growth in several cancer types.

Science

3 w. ago Sky TV down: Thousands unable to watch television as service suffers huge outage

Thousands of people have been left unable to watch Sky this evening with reports of the platform suffering a major outage around 10pm and currently there is no sign of it improving

Culture

3 w. ago Man Utd could be forced to pay out OVER £30m if they beat Spurs in Europa League final

Manchester United are a week out from the Europa League final but victory will activate a number of Champions League contract clauses - resulting in huge pay rises

Economics

3 w. ago Driving penalties you could face for ignoring red lights and road signs

Traffic signs and lights are put in place to deliver information and improve road safety

Transport

3 w. ago Manchester United intend to keep Amorim even if they lose Europa League final

Portuguese coach to be given chance to rebuild squadMatheus Cunha and Liam Delap top summer targetsManchester United intend to retain Ruben Amorim as head coach next season even if they lose the Europa League final to Tottenham. The club have endured a horrible league campaign but the hierarchy feels the Portuguese deserves this summer transfer window to improve the squad and sign players better suited to his tactics.United are 16th in the Premier League, having lost 17 games, their worst performance since 1973-74. Amorim replaced Erik ten Hag in November but has failed to oversee an upturn in fortunes domestically, also being eliminated by Fulham in the FA Cup and Tottenham in the League Cup. Continue reading...

Sport