34 h. ago General Motors lifts financial forecast as Trump tariff outlook improves

Detroit automaker expects 2025 adjusted core profit to be between $12bn and $13bn as it faces weakening EV marketGeneral Motors lifted its financial outlook for the year and slightly lowered its expected hit from tariffs, as the automaker awaits expected relief on tariffs in the US while confronting a weakening market for electric vehicles.The company now expects its annual adjusted core profit to be between $12bn and $13bn, compared with its prior estimate of $10bn to $12.5bn. The Detroit automaker said tariffs would hit its bottom line less than anticipated, lowering its updated impact to a range of $3.5bn to $4.5bn, from a previous $4bn to $5bn. Continue reading...

Politics

4 d. ago Curran and rain to the rescue for wobbly England against New Zealand in T20 opener

Curran hits unbeaten 49 in England’s 153-6‘He’s a very valuable player to us now,’ says Harry BrookEven before the rain fell, the start of England’s winter had become something of a damp squib. On a cool Christchurch evening their batters had been surprised by movement off the seam – “You don’t expect that in white-ball cricket, so when it does do a little bit it’s almost a shock,” said Harry Brook – and becalmed by the spin of Mitchell Santner and Michael Bracewell, and they duly wobbled their way to 81 for five before first Sam Curran seemed to rescue them, and then the weather definitively did.Only two batters scored more than 20, with the dismissal of Jos Buttler for 29, the former captain becoming the fifth man to fall, concluding a feeble start to England’s innings before Curran’s 49 improved their outlook. Continue reading...

Events

4 d. ago Curran and rain to England’s rescue against New Zealand in T20 opener

First T20: England 153-6. Match abandonedSam Curran hits unbeaten 49Even before the rain fell, the start of England’s winter had become something of a damp squib. On a cool Christchurch evening their batters had been surprised by movement off the seam – “You don’t expect that in white-ball cricket, so when it does do a little bit it’s almost a shock,” said Harry Brook – and becalmed by the spin of Mitchell Santner and Michael Bracewell. They duly wobbled their way to 81 for five before Sam Curran seemed to rescue them and then the weather definitively did.Only two batters scored more than 20, with the dismissal of Jos Buttler for 29, the former captain becoming the fifth man to fall, concluding a feeble start to the innings before Curran’s 49 improved their outlook. Continue reading...

Events

5 d. ago Trump admits that his 157% tariff on China is ‘not sustainable’ but shrugs off changing it

During a Fox interview, Donald Trump also criticized Richard Nixon for his landmark 1972 visit to Beijing

Politics

8 d. ago Trump turns attention to Spain with 'punishment' threat after doing well 'off our backs'

Donald Trump has taken a brief pause on his tariff threats to Russia to focus on his latest country of interest – Spain – and says he's 'not happy' with the NATO nation

Politics

8 d. ago ‘It’s a big unknown’: California Democrat on Trump’s 100% tariff plan for foreign movies

Laura Friedman, who spent 20 years in Hollywood before winning her House seat, says film industry needs help but president’s vague policy idea is bafflingLaura Friedman’s love affair with film started young, staying up late to watch old Humphrey Bogart and James Cagney flicks. “It definitely gave me big dreams and I moved to Hollywood to follow those dreams,” she recalls.Now that dream is out of reach for many. Los Angeles is losing its allure as film producers increasingly turn to cheaper locations in other countries. But after 20 years working in the movie industry, Friedman is now uniquely placed to save it after she swapped Hollywood for the halls of Congress in Washington DC. Continue reading...

Politics

1 week ago The IMF boss is right to say ‘buckle up’ – the global economy is facing multiple menaces

Trump’s latest tariff tantrum and rising fears of an AI bubble have very quickly borne out Kristina Georgieva’s claim that ‘uncertainty is the new normal’Trump threatens 100% tariffs as Beijing restricts rare-earth exportsLittle more than 48 hours passed last week between IMF chief Kristalina Georgieva’s warning that “uncertainty is the new normal” and Donald Trump’s latest tariff onslaught – this time aimed at China.Markets plunged on Friday after Trump threatened to levy punitive additional tariffs of 100% on Chinese goods in retaliation for Beijing’s blocks on exports of rare earth minerals. Continue reading...

Economics

1 week ago Fears of new global crash grow after Donald Trump terrifies markets by threatening 100 per cent tariff on China

The S&P 500 plunged 2.7 percent, the Dow Jones Industrial Average sank 878 points, and the NASDAQ Composite slid 3.6 percent by the closing bell in New York.

Events

1 week ago Crypto crash: Bitcoin and Ethereum plummet after Trump imposes 100 per cent tariffs on China

The Wall Street stock market also recorded its biggest single-day losses since Trump imposed sweeping tariffs in April

Events

1 week ago AstraZeneca makes deal with Trump to lower drug prices and avoid tariffs

Company to sell some medicines at a discount to US’s Medicaid health plan in exchange for tariff reliefDonald Trump announced a deal with the British-based drugmaker AstraZeneca for a “most-favored-nation” drug-pricing model aimed at making prescription medicines more affordable and avoiding the administration’s tariff threats.The company will sell some medicines at a discount to the government’s Medicaid health plan in exchange for tariff relief, similar to a drug-pricing pact reached last week with Pfizer. Continue reading...

Economics

1 week ago Trump imposes extra 100 PERCENT tariff on China: S&P suffers biggest wipeout since Liberation Day

Donald Trump has announced a 100 percent tariff on all Chinese goods.

Politics

1 week ago Markets tumble as Trump escalates trade war with 100% tariff on China ‘over and above’ current rates

Stocks had been dropping all day after Trump announced a ‘massive increase of Tariffs on Chinese products,’ to counter the country’s new export controls on rare earth minerals

Politics

1 week ago Trump reignites trade war with threat of additional 100% tariff on China

President says measures will include export controls on software and take effect from November 1 ‘or sooner’

Events

1 week ago Donald Trump threatens extra 100% tariff as he retaliates against China

President says measures will include export controls on software and take effect from November 1 ‘or sooner’

Politics

1 week ago Man Utd bosses exploring innovative 'seat licences' at £2billion new stadium

Sir Jim Ratcliffe is desperately attempting to improve the financial outlook at Manchester United with their glittering new stadium right at the forefront of the INEOS owner’s plans

Economics

1 week ago Donald Trump sparks new tariff war over Italian pasta 'like a bomb going off'

The US President has triggered a food fight by threatening to whack a 107% mark-up on traditional Italian pasta, in a bid to support American-made spaghetti

Events

1 week ago Ferrari reveals features of first fully electric vehicle, raises 2026 forecasts

Ferrari has raised its 2025 financial forecast despite facing 15% tariffs on foreign car imports to the U.S. The company on Thursday unveiled the powertrain and chassis of its first fully electric vehicle the Ferrari Elettrica set for delivery late next year

Politics

1 week ago ‘A fatal blow’: Italian producers fear effects of Trump’s ‘war against pasta’

US president’s threat to impose 92% tariffs targeting major manufacturers put family-run firms in the firing line as well“It’s a real pity,” laments Antonio Rummo of Donald Trump’s latest target in his ever-evolving tariff war: Italian pasta. Rummo is the sixth-generation grandson of the founder of Pasta Rummo, who opened a wheat mill in Benevento in southern Italy in 1846, using the family’s three horses to lug grain from the surrounding Campania region and Puglia to produce fresh pasta.“Demand for premium pasta in the US has been growing,” says Rummo. Appreciated by consumers for a traditional processing method that guarantees it will cook to al dente perfection, sales of Pasta Rummo have been thriving. Continue reading...

Events

1 week ago The EU has a secret weapon to counter Trump’s economic bullying. It’s time to use it | Johnny Ryan

The anti-coercion instrument, or ‘trade bazooka’, is designed to shield against foreign pressure. It should have big tech in its crosshairs to protect European sovereigntyWill Brussels ever stand up to Donald Trump and US big tech? Its current lack of action is not just a legal or economic failure: it is a moral one. It throws into question the very foundation of Europe’s democratic identity. What is at stake is not merely the fate of Google or Meta, but the principle that Europe has the right to govern its own digital space according to its own laws. If the EU cannot enforce its own laws then it is a vassal to Washington and to Silicon Valley, with Trump as its overlord.First, let us recount how we got here. In late July the European Commission accepted a humiliating deal with Trump that locked in a permanent 15% tariff on EU exports to the US. Europe received nothing in return. The indignity was all the greater because the commission also agreed to give well over $1tn to the US by...

Politics

2 w. ago Motorists lift helicopter off trapped paramedic after crash on California highway

Three people have been left critically injured following the helicopter crash

Events