32 m. ago Tariff turmoil prompts cloudy forecasts from companies for the year ahead

Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate a global trade system severely shaken by a stark shift in U.S. policy

Politics

5 h. ago U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business

The U.S. economy shrank 0.3% from January through March, first drop in three years

Politics

59 h. ago Trump's threats gave Europe the political will to spend more on defense. But challenges are ahead

Europe’s plan for spending more on defense is finding previously unimaginable political backing

Politics

6 d. ago Former EY and PwC bosses launch UK boutique targeting Big Four clients

Unity Advisory has private equity backing to establish rival accounting and consulting firm

Events

7 d. ago Elon Musk's rift with Donald Trump exposed by six clues 'power couple' could be on the rocks

Elon Musk will be spending less time with Donald Trump's administration following the news of his company Tesla seeing their profits drop by a staggering £308million

Politics

7 d. ago Elon Musk says his time working for Donald Trump will 'drop significantly' as he focuses on Tesla

Elon Musk currently spends a large portion of his professional time working for Donald Trump's Department of Government Efficiency (DOGE) - but first-quarter profits at Tesla sank this year

Politics

1 week ago Now Trump wants to take over Manhattan’s Penn Station renovation

‘President Trump has made it clear: the days of reckless spending and blank checks are over,’ the transportation said, in a jab to the Metropolitan Transportation Authority

Politics

1 week ago DOGE puts entire AmeriCorps leadership on leave as future of disaster volunteer group in jeopardy

The community service program that sends young adults to work on projects across the U.S. is the latest target of the Trump administration 's campaign to slash government spending

Politics

2 w. ago ‘We’re on a knife edge’: Alex Gibney warns about the dangers of dark money

In two HBO documentaries, the acclaimed film-maker shines a light on corrupt political spending in AmericaWhen the Rev Robert Schenck saw Donald Trump secure the Republican presidential nomination in Cleveland, Ohio, in 2016, he turned to a fellow evangelical and asked: “Are we really going to do this? We’re going to choose this man who’s inimical to everything we believe?” The Christian leader looked at Schenck and replied: “I don’t care how bad he is. He’s going to get us the court we need.’”This anecdote about the devil’s bargain struck between Trump and the religious right is told in The Dark Money Game, director Alex Gibney’s new diptych of documentaries investigating how untraceable political spending has corrupted America’s highest court, corroded its democracy and put oligarchs in charge. Continue reading...

Events

2 w. ago Europe's race to rearm is pointless if its adversaries are waging war online | Johnny Ryan

Ireland holds the algorithm off-switch. Ursula von der Leyen must force Dublin to use itEurope is scrambling to remilitarise. The European Commission is raising a €150bn (£129bn) defence fund and is calling on EU countries to invest €650bn (£561bn) more. Germany has cast aside its government debt limit to invest hundreds of billions of euros in defence. Poland will train every male of fighting age for battle, and envisages an army 500,000 strong. Latvia’s president has urged the rest of Europe to conscript citizens, as Latvia does. Even neutral Ireland is buying combat jets. No wonder Europe’s defence industry is booming. In just a few months, the share prices of several big weapons manufacturers have nearly doubled and doubled again. But, despite this new martial pulse, the continent is still sleepwalking towards disaster.Europe can harden its shell and sharpen its claws, but it has done little to protect its soft underbelly against political manipulation. The US is capitulating to...

Events

2 w. ago Coffee, canned veggies and iPhones: Americans spent 20 percent more on goods facing tariffs after Trump’s announcement

Trump exempted phones and other electronics from his tariffs late Friday

Politics

2 w. ago ‘It’s going to be messy’: Americans on how Trump’s tariffs are shaping their spending

Fallout from Trump’s trade war is forcing some Guardian readers to cut back or stock up on items from food to carsA few weeks ago, Dane began stocking up on “paper products”, “cases of paper towels, toilet paper”, “piddle-pads” for their shih-tzu, and his wife upgraded from an iPhone 8 to 14.The 73-year-old in South Carolina said the purchases – which were made to get ahead of Donald Trump’s trade policies – reminded him of the early weeks of the Covid pandemic, when he scrambled to buy masks, gloves and toilet paper. Continue reading...

Politics

2 w. ago Melania Trump opts to spend time with Barron as she skips Tiffany Trump's extravagant baby shower

First Lady Melania Trump was a no show at an extravagant Trump family event in Florida on Sunday.

Politics

2 w. ago Pentagon cuts $4bn in contracts with Deloitte, Accenture and Booz Allen

Defence department’s move is part of Trump administration’s ongoing purge of consultancy spending

Politics

2 w. ago A win for Mike Johnson? The finish line of the speaker’s budget marathon is still far in the distance

ANALYSIS: The GOP has a long way to go before legislation extending the Trump tax cuts and cutting federal spending makes it into law, writes John Bowden

Politics

2 w. ago House passes budget resolution, paving way for Trump tax and spending cuts – live

Resolution adopted in a 216-214 vote, with two Republicans joining all Democrats to vote against itThe House on Wednesday passed a bill restricting district court judges from issuing nationwide injunctions in a move that would vastly diminish the ability of courts to block Donald Trump’s policies, The Hill reports.Dubbed the No Rogue Rulings Act, the legislation would limit judges to providing relief only to parties directly involved in the suit. It passed in a 219-213 vote.Since President Trump has returned to office, left-leaning activists have cooperated with ideological judges who they have sought out to take their cases and weaponize nationwide injunctions to stall dozens of lawful executive actions and initiatives.These sweeping injunctions represent judicial activism at the worst.My colleagues on the other side of the aisle want you to believe that somehow these nationwide injunctions being issued by courts across the country against Donald Trump’s illegal and unconstitutiona...

Economics

2 w. ago House Republicans scuttle MAGA budget vote after Mike Johnson fails to win over holdouts

House speaker comes up short ahead of vote to extend Trump tax cuts on the back of spending reductions

Politics

2 w. ago Mike Johnson calls budget vote despite Republican anger over Medicaid cuts and deficit

Johnson advances plan to extend Trump tax cuts on the back of spending cuts while Republicans on both ends of the spectrum threaten rebellion

Politics

3 w. ago UK 'seriously considering' nationalising British Steel in wake of Donald Trump's tariffs

It comes as the Chinese-owned firm launched a consultation on the closure of two blast furnaces - risking thousands of job losses as well as depriving Britain of its last virgin steelmaking facility

Politics

3 w. ago Experts call for overhaul of 'unfit for purpose' work visa system as it emerges just a THIRD of permits go to high

The UK visa system is 'unfit for purpose' and should be reformed to allow more highly-skilled workers to come here, a business consultancy firm said

Economics