5 h. ago More than 60 percent of toymakers forced to cancel orders as Trump’s tariffs threaten Christmas

‘We have a frozen supply chain that is putting Christmas at risk,’ a Toy Association executive said

Politics

7 h. ago Shein explores US restructuring as tariffs threaten to derail London IPO

Fast-fashion company searches for workarounds as Trump’s trade war endangers operations in its most important market

Economics

17 h. ago Premium Bonds warning over prize rate as 'most will earn less'

The prize fund rate for Premium Bonds was cut again from the April draw

Events

5 d. ago Offshore energy workers to be balloted on strikes after ‘shameful’ pay offer

The ballot opens on April 29 and runs until June 2.

Economics

6 d. ago Is a US recession on the horizon amid Trump’s tariffs? | Jeffrey Frankel

Expectations that the Fed will cut short-term interest rates and falling consumer confidence could indicate what is aheadImagine you are sailing a ship through dense fog, looking out for land. Your lookout spots species of birds typically found offshore. It now seems likely that you are approaching land, but it is impossible to know for sure until you see the coastline. If a US recession is land, the “birds” are already swooping into view. But these sightings offer no guarantees of what lies ahead, only probabilities.An inverted yield curve, when the long-term interest rate falls to or below the short-term rate, is commonly considered to be a predictor of recession. The 10-year bond rate did fall below the three-month Treasury rate in March, although the two are now at about the same level. In any case, the yield curve does not actually tell us much. It simply reflects financial market expectations that the US Federal Reserve might cut short-term interest rates in the future, which ...

Politics

6 d. ago China schools Trump on the art of a tariff deal: Don’t threaten us

Donald Trump has announced he’s willing to back way off Chinese tariffs after his levy package hit the stock market, the strength of the dollar, small businesses and American jobs.

Economics

6 d. ago Bailey says BoE must ‘take seriously’ risk to growth from Trump tariffs

Bank of England governor signals that central bank is likely to cut UK interest rates next month in response to uncertainty

Politics

7 d. ago Britain’s largest building society to cut mortgage rates as low as 3.89%

The cuts were announced as both HSBC UK and First Direct announced changes to stress rates

Politics

7 d. ago Britain's biggest building society to cut mortgage rates as low as 3.89%

The best deals are available to buyers with a 40 per cent deposit

Politics

8 d. ago Nationwide to cut mortgage rates as low as 3.89% as banks boost borrowing power

HSBC UK and First Direct announced changes to their mortgage affordability calculations which could help some people to get a deal with them.

Economics

1 week ago Global economic growth will slow amid Trump tariffs, IMF warns – as it happened

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Events

1 week ago Trump live updates: President says Fed Chair Powell’s ‘termination cannot come fast enough’ after tariff comments

President lashes out at Fed chair as European Central Bank moves to cut interest rates, saying he’s ‘always too late and wrong’

Politics

1 week ago Global economic growth will slow amid Trump tariffs, IMF warns – business live

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Economics

1 week ago European Central Bank cuts interest rates for the seventh time as global trade tensions escalate

The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump’s tariff onslaught

Events

1 week ago Donald Trump criticises Federal Reserve chair as European Central Bank cuts interest rates – business live

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come f...

Politics

1 week ago ECB cuts rates for third time this year as Europe braces for Trump tariffs

Quarter-point cut in main rate to 2.25% aims to tackle slowing eurozone growth and impact of US border taxesBusiness live – latest updatesThe cost of borrowing has fallen across the 20-member euro area for the third time this year after the European Central Bank cut its main interest rate to 2.25% in response to slowing growth and Donald Trump’s tariffs.The Frankfurt-based bank cut its benchmark deposit rate by a quarter of a percentage point on Thursday, in line with City economist expectations, to tackle a slowdown in the bloc and the impact from the border taxes imposed earlier this month on all EU imports into the US. Continue reading...

Politics

1 week ago Trump says Fed chair’s ‘termination cannot come fast enough’

Attack follows pressure from US president for the central bank to cut interest rates

Politics

1 week ago Trump says end of Fed chair Powell’s tenure ‘cannot come fast enough’

Attack follows pressure from the US president for the central bank to cut interest rates

Politics

1 week ago AP PHOTOS: Trump's tariffs could be tough to crack for a German nutcracker maker focused on the US

U.S. President Donald Trump’s tariffs threaten to become a tough nut to crack in an unlikely place — a small Germany company producing painstakingly hand-crafted nutcrackers that are snapped up by American collectors.

Politics

1 week ago AP PHOTOS: Trump tariffs threaten the survival of the centuries

Mohammad Yousuf Dar and his wife, Shameema, sit cross-legged before their loom, deftly tying consecutive knots to create the floral patterns of the famed Kashmiri carpets that are now threatened by the Trump administration’s sweeping tariffs.

Events