1 week ago Restaurants, hotels and farms beg Trump to exempt their businesses from immigration raids after screeching policy U

Confusion as tension between deportation targets and economic necessity bolsters fear and uncertainty

Politics

1 week ago UK interest rates expected to remain on hold; rate cuts in Norway, Switzerland and the Philippines – business live

Central bankers warn that trade war worries, and conflict in the Middle East, could hurt growthNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of a deceleratio...

Politics

1 week ago Bank of England expected to leave interest rates on hold as Middle East conflict pushes up oil price – business live

Rolling coverage of the latest economic and financial news, as Switzerland and Philippines cut interest ratesNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of...

Economics

2 w. ago Fuel tanker rates surge as Middle East crisis worries markets – business live

Rolling coverage of the latest economic and financial newsTrump says UK is protected from tariffs ‘because I like them’ as trade deal is signed offIran and Israel crisis: what does it mean for the price of oil?Over in Tokyo, Japan’s central bank chief has warned that the jump in the oil price, if maintained, could push up inflation.Speaking after the BoJ left interest rates on hold today, governor Kazuo Ueda told reporters:“Coupled with already rising food prices, such moves in oil prices caused by tensions in Iran and Israel, if persist, could risk affecting inflation expectations and underlying inflation. So we must scrutinise developments carefully.”“Even if developments surrounding U.S. trade policy stabilise toward a certain direction, there’s very high uncertainty on how that could affect the economy .For the time being, there is extremely high uncertainty over each country’s trade policy. As such, there is bigger downside risk for both Japan’s economy and prices.” Continue re...

Events

2 w. ago Florida budget puts millions in reserves as economic uncertainty brews. Here's a look by the numbers

On the 105th day of what was supposed to be a 60-day session, Florida lawmakers gave final approval to a leaner state budget totaling $115.1 billion, marking the end of a lawmaking season that was largely defined by inter-party clashes in the Republican-dominated capitol

Economics

2 w. ago Brad Pitt spends Father's Day 3,000 miles away from his estranged children

Brad Pitt showed off his new buzz cut as he promoted his new film in New York this weekend with most of his six children in Los Angeles with his ex Angelina Jolie

Politics

2 w. ago Brad Pitt reveals bald spot while spending Fathers Day 3,000 miles away from estranged kids

A bald spot was visible as the 61-year-old signed autographs for fans while out in New York City on Sunday.

Politics

2 w. ago Laura Anderson takes savage swipe at ex Gary Lucy as she spends Father's Day alone with their daughter Bonnie

The former Love Island star, 36, shares the 21-month-old with the former Hollyoaks actor, 43, who she split from during her pregnancy. After their daughter was born the pair briefly got back together.

Politics

2 w. ago My dad said this last minute activity was the best Father’s Day gift he’s ever received

If you’re looking for last minute Father’s Day presents, booking an activity to spend quality time together is perfect – and you can currently save up to 75% at Virgin Experience Days

Politics

2 w. ago When times are tough, practicing gratitude can improve moods in the workplace

Practicing and encouraging gratitude can be a simple way to boost morale at a time when layoffs and economic uncertainty are causing stress and anxiety

Politics

2 w. ago Tell us: have your saving habits changed due to economic uncertainty?

We would like to hear from people who have started setting aside more cashUK households are increasingly setting aside physical cash amid extreme economic uncertainty and to provide a safety net for possible banking system outages such as the recent one in Spain, according to the Bank of England’s chief cashier.Victoria Cleland said on Tuesday that the Bank had tracked a significant increase in the number of banknotes in circulation in recent months, continuing a rising trend since 2022. Continue reading...

Economics

3 w. ago Pitbull review – like a children’s party, but with loads of booze

Co-Op Live, ManchesterWith a hedonistic seize-the-day message, the pop-rapper resembles a cult leader or motivational speaker – and his followers are willing to overlook the faults in his live showPitbull is trying to give over 20,000 people a language lesson. “I want to teach you a little bit of Spanish,” he says to the crowd, about 90% of whom are dressed in Mr Worldwide cosplay of bald caps, aviators and squiggly hand-drawn facial hair. The phrase he’s teaching? “Yo no quiero agua, yo quiero bebida”, which in English translates to “I don’t want water, I want a drink”. As people used to say: yolo.This is the vibe of Pitbull’s Party After Dark tour, which returns to the UK for its second run this year. It’s a relentless ride through the era of hedonistic and carefree EDM pop that sprouted up after the 2008 financial crisis, and given renewed economic uncertainty and horrific global events, it’s unsurprising that people are still seeking escapism. Why shouldn’t that be delivered by ...

Society

3 w. ago The number of Americans filing for jobless benefits last week rises to highest level in eight months

Filings for U.S. unemployment benefits rose to their highest level in eight months last week but remain historically low despite growing uncertainty about how tariffs could impact the broader economy

Politics

3 w. ago Bro voters say they have abandoned Democrats as party ignores their issues and muddles meaning of being a ‘man’

Hot-button topics like economic anxiety in combination with uncertainty over cultural issues have led to a crisis within male voters, according to the SAM project

Politics

3 w. ago Dollar General posts record sales as bargain stores attract more people anxious about the economy

Dollar General set a quarterly sales record of $10.44 billion and it upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at dollar stores and off-price retailers amid economic uncertainty

Economics

4 w. ago Global economy to slow as Donald Trump’s trade wars hit growth, OECD warns – business live

Rolling coverage of the latest economic and financial news, as OECD forecasts global growth will slow to 2.9% in 2025 and 2026UK will slump to 1% growth next year as Trump tariffs bite, says OECDUS firms say Trump trade war is hitting production as dollar nears three-year lowUS economic growth is expected to slow markedly to 1.6% in 2025 and 1.5% in 2026, the OECD says.That’s relatively weak growth by recent standard, and slower than the “robust” growth of 2.8% recorded in 2024.Annual headline inflation is set to pick up to 3.9% by end-2025 due to higher import prices but is expected to ease throughout 2026, aided by moderate GDP growth and higher unemployment.Risks to the growth projection are skewed to the downside, including a more substantial slowing of economic activity in the face of policy uncertainty, greater-than-expected upward pressure on prices from tariff increases, and large financial market corrections. Continue reading...

Events

4 w. ago Father’s Day spending expected to hit record high despite economic uncertainty

Retailers expect Americans to spend $24bn this year on gifts for dad

Economics