3 h. ago UK set to ramp up weapons production to reduce reliance on US and French imports

Defence secretary says lessons from Ukraine highlight need for homegrown supply chainBritain is set to significantly increase its weapons production in order to no longer rely on importing from the US and France.This comes as British and European defence companies move away from buying US-made weaponry and equipment due to concerns over president Donald Trump making the country an unreliable military partner. Continue reading...

Events

3 h. ago A British manufacturing boom! UK defence firm to ramp up production of explosives so we no longer rely on the US and France for arms

Britain is set to massively increase its production of explosives in order to forgo a reliance on the US and France for ammunition. 

Economics

6 h. ago Global confidence slumps as trade turmoil looms over IMF meetings

Tariff shock and market slide are among rising threats to growth, Brookings-FT Tiger index shows

Politics

6 d. ago Global turmoil makes Britain’s productivity predicament even worse

The situation is dire and only active policymaking is going to make a difference

Politics

8 d. ago Travellers arriving in Great Britain face import ban on EU meat and dairy

Government introduces measure to prevent spread of foot-and-mouth disease after rise in cases across EuropeTourists from Great Britain who travel to the continent to satisfy their epicurean desires for cured meats and fragrant cheeses will be frustrated in their attempts to bring home some of their favourite foods after a ban on meat and dairy imports from EU countries came into force this weekend.From Saturday, holidaymakers will no longer be able to bring meat from cattle, sheep, goats or pigs, or dairy products, from EU countries into Great Britain for personal use, in a move aimed at preventing the spread of foot-and-mouth disease (FMD) after a rise in cases across Europe. Continue reading...

Politics

9 d. ago UK eyes major trade breakthrough with US despite global tariff turmoil

The UK is among a number of countries that face US tariffs of 10% on a huge range of goods, from food to clothes to furniture, which were announced two weeks ago

Politics

1 week ago Trump pauses plans to hike US tariffs on most countries except China

Trump says he will raise US tariffs on Chinese exports to 125% and unveils 90-day pause for other countriesBusiness live – latest updatesDonald Trump shelved plans to hike tariffs on most countries except China, unveiling a 90-day pause and pulling back from his global trade war after days of market turmoil and warnings of recession.After insisting for days that he would hold firm on his aggressive trade strategy, Trump announced that all countries that had not retaliated against US tariffs would receive a reprieve – and only face a blanket US tariff of 10% – until July.Never miss global breaking news. Download our free app to keep up with key stories in real time. Continue reading...

Politics

1 week ago Are you worried about your pension after Trump’s tariffs? Take our poll and have your say

Trump’s tariffs are shaking up the stock market, with millions of UK workers watching their pension pots take a hit. With the global economy in turmoil, we're asking if you're worried about your retirement savings

Politics

1 week ago Musk reportedly made several pushes for Trump to back off global tariffs surge

Musk’s unsuccessful attempts may be sign of growing rift between US president and tech billionaireElon Musk made personal, repeated attempts to try to get Donald Trump to back off from the wave of global tariffs that have created turmoil in international markets, it was reported on Tuesday.Musk’s failure to get Trump to listen, however, is evidence to some observers of a growing rift between the US president and the world’s richest person, who has been leading the White House’s efforts to curb federal spending as head of the unofficial department of government efficiency (Doge). Continue reading...

Politics

1 week 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

1 week ago Trump threatens China with extra 50% tariffs if country fails to withdraw 34% retaliatory levies – US politics live

US president escalates trade war with China, saying all negotiations will be terminated and additional levies will take effect on WednesdayGlobal stock markets tumble over tariff ‘medicine’Wall Street falls continue – business liveWhich Trump billionaires have lost the most?EU 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

1 week ago Trump says Federal Reserve should cut rates; Canada initiates WTO dispute over car tariffs – US politics live

US economic council head denies tariffs were part of strategy to pressure Fed to cut interest rates; Canada says measures breach trade agreementsEU 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

1 week ago Waterstones pauses book shipments to the US due to impact of Donald Trump's tariffs as some fans fear they will be left without orders

The UK book retailer said it could not accept or ship orders to the US following President Donald Trump confirming a 10 per cent levy on imported products from Britain.

Politics

1 week ago FTSE set for another dismal day after Asian stocks rout sees Hang Seng suffer biggest fall since 2008

The first wave of retaliatory tariffs means global markets remain in turmoil

Politics

1 week ago Retaliation or restraint: how should Keir Starmer react to US tariffs?

Tit-for-tat levies on American goods may appeal to voters but would risk adding to UK’s economic headwindsKeir Starmer has said he wants to shelter Britain from the storm of Donald Trump’s escalating trade wars.Governments the world over are considering how best to respond to the turmoil unleashed on the global economy by the US president last week.Meat, fish and dairy products.Whiskey and rum.Clothing.Motorcycles.Musical instruments. Continue reading...

Politics

2 w. ago China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-offBusiness live – latest updatesUS politics live – latest updatesChina has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US – mirroring the US decision and exacerbating a sell-off on global stock markets. Continue reading...

Politics

2 w. ago China’s retaliatory tariffs spark fresh turmoil in global financial markets

Fresh turmoil was sparked on Friday by China announcing it will impose a 34% tariff on imports of all US products.

Economics

2 w. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to contro...

Economics

2 w. ago Stock markets plunge further as Trump tariffs spark chaos but US president insists policy 'going well'

Trump has created huge global trade turmoil after slapping a minimum 10% tariff on most US imports and much higher levies on dozens of countries

Politics

2 w. ago Stock markets plunge further as Trump tariffs spark growing fears of global downturn

Trump has created huge global trade turmoil after slapping a minimum 10% tariff on most US imports and much higher levies on dozens of countries

Politics