39 h. ago IMF chief cuts growth forecast over ‘off the charts’ trade uncertainty

Kristalina Georgieva warns that Donald Trump’s tariff ‘reboot’ threatens to raise prices and play havoc with markets

Politics

63 h. ago US tariffs bring stalled shipments and uncertainty for Chinese exporters

Exporters at China’s largest trade fair are facing uncertainty, stalled shipments and lower sales forecasts due to the trade war with the United States

Politics

7 d. ago The price of gold has hit a record high. Here’s why and the ways to invest

The precious metal has long been considered a ‘safe haven’ during times of uncertainty - and the current trade war is no different

Economics

8 d. ago ‘Chilling effect’ of trade uncertainty to hit UK growth, says BoE official

Deputy governor Sarah Breeden says it is too soon to untangle inflationary implications stemming from trade barriers

Politics

1 week ago Tariffs driving India to strike trade deals, finance minister says ahead of UK talks

Nirmala Sitharam says turmoil forcing countries to seek accords beyond old ideological and political tiesIndia is seeking to strike more trade deals with other countries at a time of “global uncertainty”, its finance minister, Nirmala Sitharam, said before talks with the UK chancellor, Rachel Reeves.Sitharam, who serves as finance and corporate affairs minister in Narendra Modi’s government, said she was hopeful the UK and India would finalise a free trade deal “sooner rather than later”. Continue reading...

Economics

1 week ago Wall Street traders on Trump tariffs: ‘Without doubt, we’re hitting a recession’

Traders leaving the New York stock exchange were trying to make sense of another day of volatility – what comes next?Traders leaving the New York stock exchange after the bell closed on Monday were sanguine about what had been, by an measure, a day of mood swings on Wall Street, as waves of volatility shook the stock markets, each one created by another deluge of headlines around Donald Trump’s trade war and global economic uncertainty.“The markets opened down a lot, then there was a rumor that the tariffs were off, and they went back up, then all bets were off again and it went down,” said Steve Kos of Option Circle, who offered a series of trading day comparisons as he walked out on to Broad Street in lower Manhattan. Continue reading...

Politics

2 w. ago BBC Breakfast host clashes with UK minister in live TV grilling

Treasury minister James Murray was confronted over struggling charities facing a double whammy of employers' tax rises - and now uncertainty over Donald Trump's trade tariffs

Politics

3 w. ago Globalisation may have run its course in current form, says HSBC chair

Trade tensions in era of Trump tariffs create serious potential risk to global growth, warns Sir Mark TuckerGlobalisation “may have now run its course” in its current form, according to the chair of HSBC, as geopolitical tensions and US tariffs threaten to upend existing global trade.Speaking at the bank’s global investment summit in Hong Kong on Tuesday, Sir Mark Tucker warned that trade tensions created uncertainty that posed a “serious potential risk to global growth”, in remarks reported by the Financial Times. He predicted stronger economic ties would develop between regional groups and trade blocs. Continue reading...

Society

4 w. ago Bank of England leaves interest rates on hold despite ‘intensifying’ trade war uncertainty – business live

Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%In the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.“We’ve already put in place measures to make ...

Economics