2 w. 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

2 w. 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

2 w. ago Rollercoaster for US stock markets as tariff uncertainty puts investors on edge

Wall Street shows some recovery after initial falls as Trump’s team dismiss rumours of a 90-day pause on tariffs as ‘fake news’US Politics Live: Trump says Federal Reserve should cut ratesVolatility 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

2 w. ago Asian markets plunge further amid tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s Nikkei 225 tumbles nearly 9% on Monday as Hong Kong’s Hang Seng down 8% and South Korea trading temporarily halted amid Trump tariff concernsHong 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

2 w. ago Nikkei plunges as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s stock index plummets almost 9% on Trump tariff concerns after almost $5tn was wiped off the value of global stock markets last weekUS Treasury yields fell on Monday and the two-year yield sank to a multi-year low as worries of a possible recession in the world’s largest economy grew and investors wagered that could see US rates cut as early as May.The two-year US Treasury yield, which typically reflects near-term rate expectations, tumbled more than 20 basis points to its lowest level since September 2022 at 3.4350%, as investors ramped up bets of more aggressive Federal Reserve easing this year, Reuters reports. Continue reading...

Economics

2 w. ago Nikkei slumps as Asian markets brace for further tariff fallout; Trump says ‘sometimes you have to take medicine’ – business live

Japan’s Nikkei plunges more than 7% on Trump tariff concerns after almost $5tn was wiped off the value of global stock markets last weekJapan’s Nikkei index has plunged more than 7%, Agence France-Presse is reporting, after having it down down 3.6% and 5% a little earlier.The fall extends last week’s 9% drop – its steepest one-week percentage decline since March 2020. Continue reading...

Economics

3 w. ago Ireland faces Trump tariffs hammer blow as Conor McGregor leads calls for his country to LEAVE the EU

Simon Harris said it is the Irish Government's 'working assumption' that the White House will launch a further attack aimed specifically at the pharmaceuticals industry.

Politics

3 w. ago Wall Street stocks slide as investors brace for Trump tariff announcement

Indices fall as US president prepares to escalate trade war on ‘liberation day’

Economics

3 w. ago Global cost of Trump trade war ‘could reach $1.4tn’; Goldman Sachs cuts UK growth forecast over tariff spillovers – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

3 w. ago Global cost of Trump trade war ‘could reach $1.4tn’; tariff fears hurt UK factories – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

3 w. ago Trump tariff wars: British firms warned to brace for 'very big hit' from wave of US import levies

Ministers failed to get the US president to agree to a last-minute deal to exempt the UK from tariffs

Events

3 w. ago Gold at record high as markets brace for Trump tariffs ‘to affect every country’ – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

3 w. ago Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears

President promises he will be ‘very kind’ but critics warn his strategy risks triggering chain reaction and global trade warAs Donald Trump prepared to unveil a swathe of reciprocal tariffs, global markets braced and some Republican senators voiced their opposition to a strategy that critics warn risks a global trade war, provoking retaliation by major trading partners such as China, Canada and the European Union.The US president said on Monday he would be “very kind” to trading partners when he unveils further tariffs this week, potentially as early as Tuesday night. Continue reading...

Politics

4 w. ago FTSE 100 Live 28 March: New name for WH Smith high street stores, retail sales beat hopes

The WH Smith name is to disappear from the high street after 233 years.

Politics

4 w. ago FTSE 100 Live 28 March: WH Smith sells high street stores, retail sales beat hopes

The WH Smith name is to disappear from the high street after 233 years.

Politics