6 h. ago Interest rates live updates: Bank of England slashes interest rates to 4.25% in boost to homeowners

It marks lowest level for two years as central bank warns escalating global trade war will drag on growth over next three years

Society

14 h. ago AP PHOTOS: How a Chinese delicacy got caught in the crossfire of Trump's trade war

An escalating trade war with the U.S. is now crippling an entire industry that hand-harvests geoducks, leaving Washington state divers without work, Seattle exporters without business and Chinese aficionados with fewer of these prized clams.

Events

32 h. ago London statue unveiling honouring Bollywood icons Shah Rukh Khan and Kajol postponed amid India

The statue, which is to celebrate the 30th anniversary of Dilwale Dulhania Le Jayenge, will now be unveiled at a later date as fears of an all-out war between India and Pakistan escalate

Politics

43 h. ago Several dead including children as India launches air strikes on 'terrorist camps' inside Pakistan: Islamabad says at least two war planes were shot down with dramatic escalation leaving nuclear

The Indian armed forces have confirmed striking nine sites in Pakistan and Pakistan-occupied Jammu and Kashmir, the government said in a statement on Wednesday.

Events

44 h. ago India launches air strikes on 'terrorist camps' inside Pakistan but Karachi says two war planes were shot down as dramatic escalation sees nuclear

The Indian armed forces have confirmed striking nine sites in Pakistan and Pakistan-occupied Jammu and Kashmir, the government said in a statement on Wednesday.

Events

46 h. ago India fires missiles at Pakistan and disputed Kashmir region as WW3 fears grow

Indian forces launched several missiles at neighbouring Pakistan and the disputed Kashmir region, stoking fears the conflict could escalate into a World War 3 scenario

Events

59 h. ago Drones strike Port Sudan in dramatic escalation of civil war

Sudan’s paramilitary hit key targets including the airport, the port and a hotel

Events

4 d. ago How the stock market made back all its losses after Trump escalated the trade war

It felt much longer, but the U_S_ stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”

Politics

1 week ago North Korea breaks silence on fighting for Putin against Ukraine as new ceasefire announced

Russian President Vladimir Putin calls for WWII anniversary ceasefire as Kim Jong-Un admits he's sent thousands of troops to 'anihilate' Ukraine in chilling new escalation of Ukraine war

Politics

1 week ago China steps up its war of words after branding US and Japanese destroyers 'enemy vessels'

China has escalated its war of words by branding American and Japanese destroyers as 'enemy vessels.'

Events

2 w. ago The Latest: Treasury secretary says trade war with China is not ‘sustainable’

U.S. markets opened with big gains Wednesday amid clear signs of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bessent said he expects a “de-escalation” from unsustainable tariffs against China in the trade war between the world’s two largest economies

Events

2 w. ago UK annual borrowing exceeds forecasts by almost £15bn in blow to Rachel Reeves

Chancellor may be forced to raise taxes or announce deeper public spending cuts in autumn budget, economists sayBusiness live – latest updatesRachel Reeves could be forced to raise taxes or announce deeper cuts to public spending after figures revealed UK borrowing overshot official forecasts by almost £15bn in the last financial year.With the British economy coming under mounting strain amid Donald Trump’s escalating trade war, the Office for National Statistics (ONS) said borrowing in the financial year ending in March was £151.9bn, more than £20bn higher than in the previous financial year. Continue reading...

Economics

2 w. ago Trump says China tariffs will drop ‘substantially – but it won’t be zero’

US president says tariffs on imported goods will come down from 145% rate but insists ‘we’re doing fine with China’Donald Trump said during a White House news conference that high tariffs on goods from China will “come down substantially, but it won’t be zero”.Trump’s remarks were in response to earlier comments on Tuesday by treasury secretary Scott Bessent, who said that the high tariffs were unsustainable and that he expects a “de-escalation” in the trade war between the world’s two largest economies. Continue reading...

Politics

2 w. ago US Treasury secretary says trade war with China is not 'sustainable'

U.S. Treasury Secretary Scott Bessent said in a Tuesday speech that the ongoing tariffs showdown with China is unsustainable and expects a “de-escalation” in the trade war between the world’s two largest economies

Events

2 w. ago China sends back Boeing jet as Trump tariffs escalate trade war with US

Beijing cautions third countries against making trade concessions to US at its expense

Politics

2 w. ago Chilling new gang war video threatens 'stage two' amid fears of escalating attacks

Thugs connected with the Dubai-based ‘Mr Big’ have released a video which suggests the severity of attacks across Scotland’s central belt could worsen.

Events

2 w. ago Could Trump’s tariffs give a green light for corporate profiteering?

Expectations of inflation, and recent waves of price rises, could be self-fulfilling and fuel ‘greedflation’ – and it may not only apply to US consumersOver the past few years consumers have grown used to seeing prices rise at an exorbitant rate. The cost of everything – from used cars to utility bills and the humble loaf of bread – has rocketed in the worst inflation shock across advanced economies since the 1980s.While inflation has cooled in the past year, talk of fast-rising prices is back on the agenda from Donald Trump’s escalating trade war. Continue reading...

Politics

2 w. ago John Swinney urged to host summit on tackling organised crime in Scotland as gang war rages

A growing turf war between rival gangs of drug dealers has escalated across Edinburgh and Glasgow in recent weeks.

Events

2 w. ago Cops struggling to stop gang war escalating as union warn "more lives at risk"

David Kennedy, General Secretary of the Scottish Police Federation, has called for investment in frontline policing as staffing shortages make it hard for officers to respond.

Events

3 w. ago Sainsbury’s to slash prices as supermarket war with Tesco escalates

Sainsbury’s has indicated that profits will be flat over the next year as it faces competition on price and a surge in costs

Economics