42 m. ago Could Trump’s tariffs give a green light for corporate profiteering?

Expectations of inflation, and recent waves of price rises, could be self-fulfilling and fuel ‘greedflation’ – and it may not only apply to US consumersOver the past few years consumers have grown used to seeing prices rise at an exorbitant rate. The cost of everything – from used cars to utility bills and the humble loaf of bread – has rocketed in the worst inflation shock across advanced economies since the 1980s.While inflation has cooled in the past year, talk of fast-rising prices is back on the agenda from Donald Trump’s escalating trade war. Continue reading...

Politics

2 h. ago Martin Lewis explains whether UK energy bills will fall after Trump tariff chaos

The US President's recent tariff wars have seen global markets crash, with steep declines and then partial surges - so could the economic chaos be good news for UK households?

Politics

4 h. ago US senator says margaritas in photo with wrongly deported man planted by El Salvador – live

Chris Van Hollen of Maryland says drinks placed on table created hoax and neither he nor Kilmar Ábrego García touched themThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Culture

4 h. ago Donald Trump will meet with 'his friend' the King at Windsor Castle to fix arrangements for 'unprecedented' second State visit

Sir Keir Starmer urged Donald Trump to drop his tariffs on British exports yesterday after the US President warned he could keep 'substantial' levies in place.

Politics

5 h. ago Rachel Reeves calls for Britain to forge closer ties with Beijing in show of force against Donald Trump after he slapped 245 per cent tariffs on Chinese imports

It would be 'very foolish' for Britain to disengage with China, Rachel Reeves has said as she attempts to draw a line in the sand with the US over their treatment of Beijing.

Politics

6 h. ago Rachel Reeves warns UK won't accept US trade deal if red lines are crossed

In an interview with The Mirror the Chancellor Rachel Reeves voiced her optimism an agreement can be reached to tackle the misery caused by Donald Trump's tariffs

Events

7 h. ago US senator says margaritas in photo with wrongly deported man planted by El Salvador

Chris Van Hollen of Maryland says drinks placed on table created hoax and neither he nor Kilmar Ábrego García touched themThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Culture

7 h. ago Starmer urges free trade in first call with Trump after UK hit by sweeping US tariffs

It comes as Rachel Reeves is due to hold talks with the White House next week amid efforts to strike a trade deal

Politics

7 h. ago Donald Trump to stay in UK castle for state visit despite tariffs slapped on Brits

The US president apparently wants the historic castle to put him up for his planned state visit as it holds special memories for him after last visited it with the late Queen

Politics

9 h. ago Wall Street slashes stock market forecasts amid Trump tariff fears

Banks expect gain of just 2% for S&P 500 this year, with JPMorgan and BofA among those lowering estimates

Politics

12 h. ago Trump says US will ‘take a pass’ on Ukraine peace deal ‘if parties make it difficult’ – live

US president tells reporters he needs to see ‘enthusiasm’ from both sides to end the war in UkraineThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Politics

15 h. ago Show goes on for Ralph Lauren as fashion reels from Trump tariffs

With the sector bracing itself for a global trade war, investors may find comfort in a trusted pair of handsTwo weeks after Donald Trump announced his “liberation day” tariffs, the fashion industry finds itself in turmoil as it tries to navigate the chaos unleashed.Some are calling it the “tariffpocalypse”, with the sector bracing itself for a global trade war, snarling up supplies and hiking costs, alongside plummeting consumer confidence. Continue reading...

Politics

15 h. ago Trump says Maryland senator ‘looked like a fool’ in El Salvador while meeting Ábrego García as legal battles continue – live

Trump administration insists it cannot do anything to free Ábrego García; senator’s visit comes amid court battles over returning Maryland man to the USThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Politics

17 h. ago Senate Democrat meets Ábrego García in El Salvador as legal battles continue – US politics live

Visit by Maryland’s Chris Van Hollen comes as a federal appeals court rules against the Trump’s administration’s efforts to block return to the USThe Democratic senator from New Jersey, Cory Booker, plans to travel to El Salvador, a source familiar with his itinerary said, as Democrats seek to pressure the Trump administration to return Kilmar Ábrego García, the wrongly deported Maryland resident.Booker’s trip to the Central American country would come after the Maryland senator Chris Van Hollen traveled there this week to meet with his constituent.The Supreme Court was clear: the Trump administration must act to facilitate the return of Kilmar Ábrego García to the United States. There is no room for debate – yet Trump is refusing, in defiance of a lawful court order.Every member of Congress should be standing up for the Constitution and demanding that the administration act to return Mr. Ábrego García to the U.S. and to his family.” Continue reading...

Politics

20 h. ago Blow for Keir Starmer as Donald Trump says 'baseline' 10 per cent tariffs are set to stay

The US President has imposed sweeping 10 per cent tariffs on all goods imported to America, while he has also slapped 25 per cent charges on aluminium, steel and cars.

Politics

27 h. ago Trump’s tariffs unravel US supply chains at China’s export showcase

Buyers and sellers at Canton trade fair search for ways to evade levies as goods pile up in warehouses

Politics

31 h. ago Donald Trump ‘expecting to make second state visit to UK in September’

US president and first lady received invitation in February from King Charles for unprecedented repeat tripDonald Trump has said he is expecting to travel to to the UK in September for his second state visit.King Charles is preparing to host the US president and first lady as the UK government tries to bolster transatlantic ties after Trump imposed a series of tariffs on trading partners. Continue reading...

Politics

32 h. ago Fears of the economy tanking are now higher than they were at the height of the Covid pandemic

Dismal fund manager sentiment comes as Federal Reserve warns of increased inflation and slowing growth due to tariffs

Events

32 h. ago Trump warns ‘substantial’ tariffs will remain on imports as Reeves prepares for US talks

US president doubles down on trade policy as chancellor aims to secure trade deal for UK in Washington

Events

32 h. ago Netflix quarterly result beats Wall Street expectations despite Trump tariff’s pall

Streaming firm reported a $10.54bn revenue in first quarter, though analysts say consumers could reconsider spendingNetflix exceeded Wall Street expectations for quarterly results and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding Donald Trump’s erratic tariff plans.Netflix reported revenue of $10.54bn for the first quarter, edging past analysts’ estimates of $10.52bn, according to data compiled by the London Stock Exchange Group (LSEG). Shares of the company were roughly flat in after-hours trading at $970.10. Continue reading...

Politics