4 h. ago Citadel Securities profits jump 70% on surge in trading revenues

Ken Griffin’s market-making firm benefited from tumult in early 2025

Politics

6 h. ago IMF lifts UK growth forecast for 2025; markets welcome US delay to EU 50% tariffs – as it happened

Rolling coverage of the latest economic and financial news, as IMF releases latest healthcheck on UK economyRachel Reeves should ease fiscal rules to prevent emergency spending cuts, IMF saysEU hopes for quick deal to resolve US trade war after Trump delays 50% tariffsToyota to move some GR Corolla production to UK from JapanOuch! Germany’s economy is on track for its worst performance in post-war history, a new report shows.The German Chamber of Commerce and Industry (DIHK) predicted this morning that Europe’s largest economy will contract by 0.3% this year, Reuters reports. That would be the third annual contraction in a row, although not as bad as the 0.5% fall in GDP which the DIHK predicted back in February.“A mood of cautious relief is spreading after the long weekend, amid hopes for more fruitful trade negotiations between the United States and its global partners. There are no post bank holiday blues for the London market, with the Footsie in striking distance of the record ...

Economics

9 h. ago Economic recovery 'under way' in Britain and set to speed up, says IMF in boost to Chancellor Rachel Reeves

The Washington-based think tank nudged up its growth forecast for the UK this year from 1.1% in April to 1.2%

Economics

10 h. ago IMF lifts UK growth forecast for 2025; markets welcome US delay to EU 50% tariffs – business live

Rolling coverage of the latest economic and financial news, as IMF releases latest healthcheck on UK economyRachel Reeves should ease fiscal rules to prevent emergency spending cuts, IMF saysEU hopes for quick deal to resolve US trade war after Trump delays 50% tariffsToyota to move some GR Corolla production to UK from JapanOuch! Germany’s economy is on track for its worst performance in post-war history, a new report shows.The German Chamber of Commerce and Industry (DIHK) predicted this morning that Europe’s largest economy will contract by 0.3% this year, Reuters reports. That would be the third annual contraction in a row, although not as bad as the 0.5% fall in GDP which the DIHK predicted back in February.“A mood of cautious relief is spreading after the long weekend, amid hopes for more fruitful trade negotiations between the United States and its global partners. There are no post bank holiday blues for the London market, with the Footsie in striking distance of the record ...

Economics

10 h. ago IMF warns Rachel Reeves could have to hike taxes again to balance the books amid Cabinet war over spending

Chancellor Rachel Reeves has welcomed the IMF's latest assessment nudging up the growth forecast for UK plc from 1.1 per cent to 1.2 per cent this year.

Economics

10 h. ago Economic recovery 'underway' in Britain and set to speed up, says IMF in boost to Chancellor Rachel Reeves

The Washington-based think tank nudged up its growth forecast for the UK this year from 1.1% in April to 1.2%

Economics

10 h. ago Rachel Reeves should refine fiscal rules to avoid emergency spending cuts, IMF says

The organisation, which has been assessing the UK economy, upgrades its growth forecast this year to 1.2%Rachel Reeves should refine her fiscal rules to prevent the need for emergency spending cuts, the International Monetary Fund has suggested in its annual review of the UK economy, as it upgraded its forecasts for UK growth this year.Adding to the clamour from backbench Labour MPs incensed by the government’s proposed welfare cuts, the Washington-based organisation said the chancellor should examine ways to avoid having to make short-term savings when there is a downturn in economic forecasts. Continue reading...

Politics

11 h. ago UK retail confidence plummets as sales fall; markets welcome US delay to EU 50% tariffs – business live

Rolling coverage of the latest economic and financial newsEU hopes for quick deal to resolve US trade war after Trump delays 50% tariffsToyota to move some GR Corolla production to UK from JapanOuch! Germany’s economy is on track for its worst performance in post-war history, a new report shows.The German Chamber of Commerce and Industry (DIHK) predicted this morning that Europe’s largest economy will contract by 0.3% this year, Reuters reports. That would be the third annual contraction in a row, although not as bad as the 0.5% fall in GDP which the DIHK predicted back in February.“A mood of cautious relief is spreading after the long weekend, amid hopes for more fruitful trade negotiations between the United States and its global partners. There are no post bank holiday blues for the London market, with the Footsie in striking distance of the record high reached in February. More positive vibes are pulsing about the outlook for the global economy, with hopes that more scores can b...

Economics

14 h. ago Tesla sales halve in Europe; markets welcome US delay to EU 50% tariffs – business live

Rolling coverage of the latest economic and financial newsEU hopes for quick deal to resolve US trade war after Trump delays 50% tariffsStocks have jumped in London as trading resumes after the Bank Holiday weekend.City investors are relieved that Donald Trump has delayed his threatened hike on EU tariffs to 50% until July, cooling trade war fears. Continue reading...

Economics

27 h. ago Trump in Memorial Day speech says: ‘I have everything. Amazing, the way things work out’ – US politics live

President honors fallen soldiers but also says says ‘God did that’ when when taking credit for US hosting world sports eventsThis year’s summer months promise to be among the hottest on record across the United States, continuing a worsening trend of extreme weather, and amid concern over the impacts of Trump administration cuts to key agencies.The extreme heat could be widespread and unrelenting: only far northern Alaska may escape unusually warm temperatures from June through August, according to the latest seasonal forecast from the National Oceanic and Atmospheric Administration (Noaa). Continue reading...

Politics

32 h. ago Trump says he is considering giving $3bn of Harvard’s grants to trade schools – US politics live

President says he could take grant money from Harvard, a week after his administration blocked institution from enrolling foreign studentsThis year’s summer months promise to be among the hottest on record across the United States, continuing a worsening trend of extreme weather, and amid concern over the impacts of Trump administration cuts to key agencies.The extreme heat could be widespread and unrelenting: only far northern Alaska may escape unusually warm temperatures from June through August, according to the latest seasonal forecast from the National Oceanic and Atmospheric Administration (Noaa). Continue reading...

Politics

35 h. ago Donald Trump announces he will pause threatened 50% tariffs on Europe after call with EU chief – US politics live

President says tariffs will be paused until 9 July after a ‘very nice call’ with European Commission president Ursula von der LeyenThe Kremlin on Monday said that US president Donald Trump’s claim that Vladimir Putin had “gone absolutely CRAZY” might be due to emotional overload, but thanked the US leader for his assistance in launching Ukraine peace negotiations.Trump said Putin had “gone absolutely CRAZY” by unleashing the largest aerial attack of the war on Ukraine and said he was weighing new sanctions on Moscow, though he also scolded Ukrainian president Volodymyr Zelenskyy. Continue reading...

Politics

41 h. ago US futures jump while Asian shares slip after Trump delays tariffs on the EU

U.S. futures have turned sharply higher and Asian shares mostly fell after U.S. President Donald Trump said he would delay a threatened 50% tariff on goods from the European Union to July 9 from June 1

Politics

45 h. ago Trump agrees to delay 50% tariffs on EU imports until July 9

Mr Trump had recommended that the 50% tariff rate comes into effect on June 1.

Politics

45 h. ago Trump delays 50 percent tariff threat to European Union until July 9

European Commission president requested the extension, Trump said

Politics

53 h. ago Class of 2025 college grads are facing the toughest job market since the pandemic. AI and Trump are both to blame

“What actually can I do as a human who’s a recent graduate that some robot isn’t going to take over?” asked one recent graduate. Michelle Del Rey reports on the students trapped without a next step

Politics

3 d. ago ‘We trusted them’: East End fishmongers take on the City to save ancient markets

Campaigners say permanent closure of Smithfield and Billingsgate will affect livelihoods and limit access to quality produceIt is a mismatched contest: a handful of east London fishmongers taking on the phenomenally wealthy City of London Corporation.But the market traders and a food poverty charity have teamed up to battle City of London Corporation over its plans to close the capital’s ancient fish and meat markets for good. Continue reading...

Politics

5 d. ago Disney+ to enter women’s football market with Champions League rights

Streaming platform in line to agree five-year dealDAZN has shown Champions League for four seasonsThe streaming platform Disney+ is set to show live Women’s Champions League matches from next season across multiple European broadcast territories, including the United Kingdom.It is understood Disney+ has agreed a five-year deal which will mean that it broadcasts every single match in the competition live, which is being perceived as a major step forward for coverage of the European women’s game’s top club competition. Continue reading...

Sport

6 d. ago Canary Island's 'struggle' laid bare as tourist numbers soar — it's not Lanzarote

The surge in tourism has been primarily driven by holidaymakers from the UK, with Great Britain overtaking Germany as the island's leading market in the first quarter of 2025

Politics

8 d. ago Stock markets drop and bond yields rise after US credit rating downgrade; EC cuts eurozone growth forecast – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEconomic risks are weighing on the US dollar today, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown:‘’Like a long weekend hangover, a headache of worry is seeping into sentiment today. The FTSE 100 has opened lower, as investors mull over the downgrading of the US sovereign credit rating on Friday.Moody’s stripped the US of its triple-A rating, citing the growing US fiscal deficit, and the higher borrowing costs the administration will be forced to pay. Given the pledge by Trump to cut taxes, it’s feared the situation could deteriorate further. More of a sombre mood is expected on Wall Street when trading opens later, with futures indicating falls of around 1% for the S&P 500 and 1.3% for the Nasdaq. Continue reading...

Economics