29 h. ago Trump's tariff wars 'are not working,' says France's chief banker highlighting US recession fears

Francois Villeroy de Galhau slammed the uncertainty the US president’s import levies have sparked in economies and markets around the world

Economics

4 d. ago Trump tariffs: President vents at China over Boeing as Beijing denies claims of trade deal talks

Beijing called claims of trade talks ‘groundless as trying to catch the wind’ and having ‘no factual basis’ as Trump insisted they were happening

Politics

4 d. ago Trump tariffs live: President vents at China over Boeing as Beijing denies claims of trade deal talks

Lawsuit comes as president warned he could re-impose higher tariffs in as little as two weeks

Politics

5 d. ago Trump tariffs live: Dozen US states sue to stop ‘insane’ policy as president threatens more global levies

The lawsuit comes as the president warned he could re-impose the higher tariffs in as little as two weeks

Politics

5 d. ago Is a US recession on the horizon amid Trump’s tariffs? | Jeffrey Frankel

Expectations that the Fed will cut short-term interest rates and falling consumer confidence could indicate what is aheadImagine you are sailing a ship through dense fog, looking out for land. Your lookout spots species of birds typically found offshore. It now seems likely that you are approaching land, but it is impossible to know for sure until you see the coastline. If a US recession is land, the “birds” are already swooping into view. But these sightings offer no guarantees of what lies ahead, only probabilities.An inverted yield curve, when the long-term interest rate falls to or below the short-term rate, is commonly considered to be a predictor of recession. The 10-year bond rate did fall below the three-month Treasury rate in March, although the two are now at about the same level. In any case, the yield curve does not actually tell us much. It simply reflects financial market expectations that the US Federal Reserve might cut short-term interest rates in the future, which ...

Politics

6 d. ago Trump live updates: Just 37% of Americans approve of president’s handling of economy, poll shows

The majority of Americans now fear a recession, even as Donald Trump conceded ultra-high tariffs on China would fall but warned they would not hit zero

Politics

6 d. ago Trump’s tariffs spark global recession fears as White House hints at trade deal with China: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Economics

6 d. ago Trump’s tariffs raise chances of U.S. and global recession to ‘almost 100%’, economist warns: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

7 d. ago Recession ‘absolutely’ will happen if Trump’s tariffs remain, top financial expert says

‘We will have bankruptcies of retailers of very significant magnitudes if this is allowed to continue,’ Torsten Slok says

Economics

2 w. ago Hedge fund billionaire says US may face ‘worse than a recession’ from Trump tariffs

Ray Dalio’s comments come after rocky week across stock markets after policies including 145% tariff raise on ChinaPeople in the US: tell us how you think Trump’s first 100 days have gone so farBillionaire investor Ray Dalio said that he is worried the US will experience “something worse than a recession” as a result of Donald Trump’s trade policies.Speaking to NBC’s Meet the Press on Sunday, the 75-year-old hedge fund manager said: “I think that right now we are at a decision-making point and very close to a recession. And I’m worried about something worse than a recession if this isn’t handled well.” Continue reading...

Economics

2 w. ago Billionaire hedge fund leader warns US facing something ‘worse than a recession’

US ‘very close’ to a recession after weeks of Trump tariff instability, warns Ray Dalio

Events

2 w. ago The ‘new world order’ of the past 35 years is being demolished before our eyes. This is how we must proceed | Gordon Brown

We have seen the conflict and tragedy that can follow when an old era collapses. Countries that believe in multilateralism must come together nowThis is the second in a two-part series on the global response to Donald Trump’s tariffs Read part one: Trump is pushing the world towards recession. By learning the lessons of 2008, we can still prevent itAfter a week that started with the worst financial volatility in recent history and ended with the most serious escalation so far of the China-US conflict, it is time to distinguish the tectonic shifts from the tremors. If nothing changes, the 2020s risks being remembered as this century’s devil’s decade – the term historians once used for the 1930s. It will be defined not just by seven million people who have died of Covid-19 and rising global poverty and inequality – but also by a dismembered Ukraine, a burnt-out Gaza and little-reported atrocities in Africa and Asia, each testimony to the violent displacement of a rules-based global or...

Politics

2 w. ago Trump insists tariff war is ‘doing really well’ as recession fears mount

S&P 500 and Dow Jones rise sharply after extraordinarily volatile week as experts warn of continued turbulenceDonald Trump insisted his trade war with much of the world was “doing really well” despite mounting fears of recession and as Beijing hit back and again hiked tariffs on US exports to China.As the US president said his aggressive tariffs strategy was “moving along quickly”, a closely watched economic survey revealed that US consumer expectations for price growth had soared to a four-decade high. Continue reading...

Politics

2 w. ago White House says there is ‘great optimism’ in the economy despite ongoing market volatility – business live

Markets pick up slightly after earlier falls amid increasing fears of recession while White House insists Trump’s tariffs are ‘proven economic formula’US stocks fall again after rally following Trump’s shock retreat on tariffsWhat are bonds and why have they spooked Donald Trump?The US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics

2 w. ago Keir Starmer warns the future of British Steel 'hangs in the balance' as he prepares to recall Parliament TOMORROW to avoid industry's collapse after Trump hits it with tariffs

MPs are being brought back to Westminster from the Easter recess amid intense manoeuvring in the wake of Donald Trump's tariffs.

Events

2 w. ago Parliament will be recalled TOMORROW amid signs British Steel could be nationalised to avoid industry's collapse after Trump tariffs

MPs are being brought back to Westminster from the Easter recess amid intense manoeuvring in the wake of Donald Trump's tariffs.

Politics

2 w. ago Commons will be recalled TOMORROW amid signs British Steel could be nationalised to avoid industry's collapse after Trump tariffs

MPs are being brought back to Westminster from the Easter recess amid intense manoeuvring in the wake of Donald Trump's tariffs.

Politics

2 w. ago ‘The damage is done’: Why Trump’s tariff pause has not stopped the risk of global recession

Even with a 90-day halt on aggressive tariff hikes, leading economists say uncertainty has already caused considerable harm

Events

2 w. ago ‘The damage is done’: Why the risk of global recession remains despite Trump’s tariff pause

Even with a 90-day pause on aggressive tariff hikes, leading economists say global damage has already been done thanks to ongoing uncertainty

Events

2 w. ago Petrol to fall below 130p a litre within days as Trump tariffs cause oil price to plunge

Fears that Trump's new trade tariffs could trigger a global recession has sent oil prices plummeting - and drivers will benefit at the pumps.

Politics