37 h. ago EU readies capital controls and tariffs to safeguard Russia sanctions

Alternative legal options explored to circumvent Hungarian veto

Events

50 h. ago Trump says friend in UK on ‘the fat shot drug’ inspired plan for price controls and tariff threats to lower prescription costs

Trump is ordering the government to consider punishing countries that negotiate lower drug prices for their single-payer health systems

Economics

7 d. ago Pakistan decries ‘act of war’ as it retaliates against India missile attack

India claimed strikes, which followed attack on Hindu tourists in Kashmir last month, targeted ‘terrorist infrastructure’India-Pakistan crisis - live updatesAt least eight people, including a child, have been killed and 35 injured after India launched attacks on what it claimed were nine sites of “terrorist infrastructure” inside Pakistan and Pakistani Kashmir, in a sharp escalation of hostilities between the two nuclear-armed neighbours.Loud explosions were heard early on Wednesday, and power was knocked out in Muzaffarabad, the capital of Pakistani Kashmir, witnesses said. Continue reading...

Events

8 d. ago Ukrainian drones target Moscow for second night as foreign leaders arrive

Russia says its defences shot down two drones en route to capital, where preparations are under way for Victory Day paradeUkrainian drones targeted Moscow on Tuesday as the first foreign leaders landed in the capital ahead of a major military parade marking the end of the second world war.Sergei Sobyanin, the mayor of Moscow, said Russian air defences shot down two drones en route to the capital on Tuesday evening. Continue reading...

Events

8 d. ago China’s service sector hit by trade war; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldAmerican children face paying higher prices for Barbie dolls due to the Trump tariffs on imports.Mattel, the toy manufacturing giant, revealed last night that it plan to raise prices on American toys due to tariffs, and is also looking to move some manufacturing out of China.Accelerating diversification of its supply chain and further reducing reliance on China-sourced product,Optimizing product sourcing and product mix, andWhere necessary, taking pricing action in its U.S. business.In an uncertain macro environment that has intensified due to the potential impact of tariffs, we are focused on what we can control.We are improving our supply chain agility, taking decisive cost actions to mitigate financial impact where possible, and ensuring we can continue to serve our customers and consumers. Continue reading...

Economics

1 week ago Trump’s Truth Social posts make no sense – what do they say about his mentality?

The president’s little used social media platform offers him a forum for his nonstop haranguing and score-settlingNo political leader has used social media quite like Donald Trump. But his recent posts on Truth Social, the social media platform he founded in 2021, have become increasingly bizarre: the president using the lack of scrutiny afforded by the platform’s small user base to truly let loose.In the hundreds of “Truths” since he took office, Trump has variously used Truth Social to reimagine himself as a king and to urge Americans to “BE COOL!” as the stock market tanked in the wake of his trade war, the president’s seemingly random use of capital letters, punctuation and inaccurate spelling consistent across the messages. Continue reading...

Politics

1 week ago ‘World’s largest’ electric ship measuring 130 metres launched by Tasmanian boatbuilder

Manufacturer Incat built Hull 096 to run between Buenos Aires and Uruguay, dubbing it the ‘most complex’ project it has ever undertakenAn Australian boatbuilder has launched what it describes as the world’s largest battery-power ship, describing it as a “a giant leap forward in sustainable shipping” and the “most important” project it has ever done.Incat, a manufacturer based in Tasmania, constructed the ship – called Hull 096 – after being contracted by the South American ferry operator Buquebus to build a vessel to run between the Argentinian capital, Buenos Aires, and Uruguay. Continue reading...

Politics

2 w. ago Half of pet dogs in Berlin kept illegally as owners ‘boycott’ registration rules

Microchip implant with data has been required since 2022 but policy is unpopular because of expense and nuisanceHalf of the pet dogs in Berlin are being kept illegally owing to a suspected “boycott” of unpopular registration rules rolled out after a surge in ownership during the pandemic, figures have shown.Dogs have long been taxed in the German capital, primarily for sanitation costs. Continue reading...

Events

2 w. ago Electricity restored to 90% of Spain and most of Portugal after massive power outage

The outage, blamed by operators on temperature variations, left tens of millions without electricityLights flickered back to life across most of Spain and Portugal on Tuesday after a massive blackout hit the Iberian peninsula, stranding passengers in trains and elevators while millions lost phone and internet coverage.Electricity had been restored to nearly 90% of mainland Spain by early on Tuesday, the grid operator REE said. Power was restored overnight to around 6.2m households in Portugal out of 6.5m, according to the national electricity grid operator. Lights also came on again in Madrid and in Portugal’s capital, Lisbon. Continue reading...

Politics

2 w. ago Nine people killed and dozens injured in ‘massive’ Russian missile attack on Kyiv

Five districts across Kyiv suffered damage in attack that is among the deadliest on the capital in the three-year warAt least nine people have been killed and more than 60 wounded in a “massive” missile attack on Kyiv, according to Ukraine’s state emergency service. It is among the deadliest attacks on the capital of the three-year war.Ukrainian authorities issued an alert for a missile attack, and AFP journalists heard explosions across the capital early on Thursday. Continue reading...

Events

3 w. ago US philanthropists warn against capitulating to Trump: ‘We need to step up’

Foundation leaders say charitable organisations could be next in the firing line – but must ‘stand together’ to resistJohn Palfrey will not be obeying in advance.At a moment when leaders of tech companies, law firms, media corporations and academic institutions have bent the knee to Donald Trump, the president of the John D and Catherine T MacArthur Foundation insists that charitable organisations choose resistance over capitulation. Continue reading...

Events