7 h. ago Gold price hits record high as people invest during global economic chaos

The precious metal has seen its biggest price explosion since the '70s rising by a third since April when US President Donald Trump announced tariffs which have disrupted global trade

Economics

9 h. ago ALEX BRUMMER: The signs of a global financial crash are everywhere. Gold's hit record prices... we'd be wise to prepare for catastrophe

About a quarter of a century ago, when I was researching a profile of the Bank of England, I was invited to tour its vast vaults.

Events

11 h. ago IMF chief warns of economic uncertainty and offers this advice: 'Buckle up'

The global economy may be holding up better than expected despite major shocks such as President Donald Trump’s tariffs, but the head of the International Monetary Fund says that resilience may not last

Events

11 h. ago IMF chief warns ‘uncertainty is the new normal’ in global economy

Kristalina Georgieva outlines mounting risks to economic stability before fund’s annual meetings next weekBank of England warns of growing risk that AI bubble could burstGold price tops $4,000 for first time as investors seek safe havenThe head of the International Monetary Fund has issued a stark warning about the mounting risks facing the global economy, saying: “Buckle up: uncertainty is the new normal.”As finance ministers and central bankers prepare to meet in Washington for the IMF’s annual meetings next week, its managing director, Kristalina Georgieva said the world economy had shown surprising resilience in the face of Donald Trump’s trade war. Continue reading...

Events

13 h. ago Joe Root hits back at critics over dismal record in Australia ahead of Ashes

England haven’t won an Ashes series Down Under since 2010-11 and Root has never scored a century in the country

Events

13 h. ago Bank of England warns of risk of AI market correction; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

14 h. ago Bank of England warns growing risk AI bubble could burst; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events

15 h. ago UK investors flock to gold as price smashes £3000 barrier for first time

Landmark comes hours after the dollar price of the yellow metal passed through $4000

Economics

15 h. ago Spot gold rises above $4,000 for the first time; car dealer Vertu Motors warns of £5.5m profit hit from JLR disruption – business live

Gold has doubled in two years and extends 50% rally so far this year amid central bank buying and political turmoilPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and the Abu Dhabi wealth fund, which completed in March.Har...

Economics

16 h. ago FTSE 100 Live 08 October: Lloyds rallies on car loan update, index and gold at record

Lloyds Banking Group shares today rose during a record-breaking session for the FTSE 100 index.

Politics

16 h. ago Gold price tops $4,000 for first time as investors seek safe haven

Precious metal having biggest rally since 1970s amid political uncertainty in US, France and JapanBusiness live – latest updatesThe price of gold has risen above $4,000 (£2,980) per ounce for the first time as investors continue to seek a safe place to put their money at a time of global political and economic uncertainty.The spot price of gold – the real-time market value of gold and viewed as the global benchmark – reached $4,031.54 at 8am in London on Wednesday morning, after climbing 1.2% during early trading. Continue reading...

Economics

18 h. ago FTSE 100 Live 08 October: Index at record as gold tops $4000, Lloyds shares rise

Lloyds Banking Group shares today rose during a record-breaking session for the FTSE 100 index.

Politics

41 h. ago FTSE 100 Live 07 October: Shell and Imperial rally, B&M slides after earnings downgrade

Gold and Bitcoin prices are in focus after they traded at record levels earlier today.

Politics

42 h. ago FTSE 100 Live 07 October: House prices weaken, B&M hit by poor trading

Gold and Bitcoin prices are in focus after they traded at record levels earlier today.

Society

3 d. ago Warning that Trump scrapping diversity orders could hurt global economic growth

Mariella Frostrup says Trump’s policies mark a major backwards step

Events

3 d. ago Denver Broncos hit back to end Philadelphia Eagles’ unbeaten record

The Super Bowl champions were defeated at Lincoln Financial Field.

Events

5 d. ago Taylor Swift: The Official Release Party of a Showgirl review – lazy big screen cash

The megastar’s underwhelming new album gets a suitably sub-par cinematic accompaniment offering very little for even the most devoted of fansJust as the sun rises in the east and sets in the west, fans of Taylor Swift will heed the call for new content. Long before the economy-lifting, paradigm-shifting global domination of her Eras Tour, Swift had cultivated a uniquely intense and personal relationship with her fans, even within the reverential world of pop music. That relationship, sustained through Easter eggs, years long parasocial narratives and arguably her own metaverse, can be real and special and nutritive, a steady raft through life’s storms – I’ve been there. But years into her imperial era, Swift’s cyclical feeding of the fan base has started to seem less like an act of mutual devotion and more nakedly exploitative, the many one-off re-releases and special vinyls and limited-edition Target drops like a billionaire’s tax on her most loyal.The latest of these is the Life o...

Politics

5 d. ago Democrats are wrong to think the shutdown gives them leverage

The move will deprive the Fed of key statistics and further dent America’s global economic leadership

Politics

5 d. ago Disillusionomics: the US economy isn’t serving gen Z | Alice Lassman

My generation is struggling for stability in a system that no longer feels fit for purpose. It’s time to take that seriouslyFor gen Z Americans, it’s hard to remember a version of the economy not defined by crisis. We finished our education online as Covid devastated the world, only to graduate into high costs of living, stagnant wages and now AI’s threat to entry-level jobs. We’ve come of age in a system that no longer feels fit for purpose.The result is a generation that’s lost faith in the traditional markers of stability. What once defined a secure life – home, family and comfortable retirement – feels out of reach. “A pension is out of the question,” one friend told me. “So staying in the same job no longer makes sense.” She’s not alone: jobseekers’ confidence in keeping or finding work dropped sharply this spring, with a survey in June suggesting nearly 60% of graduates were still looking for their first jobs.Alice Lassman is a policy expert with a focus on the global economy ...

Politics

6 d. ago George Michael's estate responds after Taylor Swift featured his iconic track Father Figure on her new album The Life of a Showgirl

Ahead of the record's release on Friday, it was revealed the hitmaker has recorded a song called Father Figure, which shares the same name as George's 1987 track, as well as an interpolation.

Culture