37 m. ago China says it will not bow to US pressure after Trump threatens additional 50% tariffs – business live

Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn’t retract planned countermeasures, as markets brace for further volatilityTrump threatens additional 50% tariffs on China over retaliatory leviesJapan’s benchmark Nikkei 225 index has now risen 3%, AFP is reporting.The uptick comes after financial markets across the globe posted a third day of losses on Monday as investors worried that steep trade barriers around the world’s largest consumer market could lead to a recession. Continue reading...

Events

83 m. ago Trump proves that a president’s word salads can move the markets

ANALYSIS: Trump said he was not considering pausing tariffs, but failed to explain the contradictions in his policy, Richard Hall writes

Politics

1 hour ago BoE asks banks whether clients have funding problems after Trump

Central bank’s Prudential Regulation Authority has so far found little sign of serious financial distress

Politics

2 h. ago Trump threatens extra 50% tariff on China in day of wild market swings

US president sticks with plan to ‘reset’ global trade but sends mixed signals about negotiations

Politics

2 h. ago Wildfires Scotland: How bad are the wildfires in Scotland and why do they start?

Firefighters have said some people are still unaware wildfires happen in Scotland, despite them happening each year

Events

2 h. ago Minister to pitch Scottish business during trip to China and Japan

Richard Lochhead said the two Asian markets are increasingly important to Scotland amid a ‘volatile global economy’.

Politics

3 h. ago How actual 'fake news' sent Wall Street on a $2.4 trillion rollercoaster in just 15 minutes

Wall Street saw wild trading with the Dow Jones swinging 2,500 points between its highs and lows.

Politics

3 h. ago HMRC tax bill letters could be sent to those with over £3,500 in savings account

People are being warned they could face an unexpected tax bill from HMRC as the taxman ramps up efforts to collect cash before the end of the financial year

Economics

3 h. ago Trump says he is ‘not looking’ at a pause in tariffs to allow trade negotiations

Markets swing as Washington says it will kick off trade talks with Japan

Politics

4 h. ago Filthy farms and markets are ticking time bombs for new deadly viruses that can jump from animals to humans

Health experts have warned that the fur trade should be banned, calling it a ticking time bomb

Events

4 h. ago Seesaw day ends with Dow down as Trump’s tariff reports send stock markets on wild swings

Claims that Kevin Hassett said Donald Trump is considering a 90-day pause on tariffs are ‘fake news’

Politics

4 h. ago Trump says US in direct talks with Iran over nuclear program as he holds Oval Office meeting with Netanyahu – US politics live

President says talks to continue on Saturday and adds he and Israeli president also discussed tariffs and Israel-Gaza warEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

4 h. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

4 h. ago Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession

Economics

4 h. ago Trump tariffs live: President dismisses tariff pause as Netanyahu vows to ‘eliminate’ US trade barriers

US president describes sweeping tariffs as ‘medicine’ as major volatility in global markets continues

Politics

4 h. ago Volatility grips global stock markets as Trump insists on tariff ‘medicine’

Wall Street swings in and out of red as turmoil from US president’s assault on world trade enters second weekTrump threatens additional 50% tariffs on China over retaliatory leviesWhich Trump-backing billionaires have lost the most?Extreme volatility plagued global stock markets on Monday, with Wall Street swinging in and out of the red as Donald Trump defied stark warnings that his global trade assault will wreak widespread economic damage, comparing new US tariffs to medicine.A renewed sell-off began in Asia, before hitting European equities and reaching the US. It was briefly reversed amid hopes of a reprieve, only for Trump to threaten China with more steep tariffs, intensifying pressure on the market. Continue reading...

Politics

5 h. ago Exactly what is happening in the financial markets and what does it mean for me?

What do Trump’s tariffs mean for the average UK household? We take a look

Economics

5 h. ago Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Larry Fink says most CEOs he talked to agreed with assessment; US indexes see sharp ups and downs; UK index loses nearly 4.5% US politics live: Trump threatens China with additional tariffsVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

6 h. ago Global trade war escalates as Trump threatens China with '104% tariffs'

The White House confirmed that with previous hikes in tariffs on China, the total Beijing was now being threatened with would be 104%.

Events

6 h. ago Are we heading for another 2008? The context behind Trump’s £6.4 trillion stock market collapse

Historical downturns in stock markets have been followed by recoveries – but timeframes can be uncertain

Economics