14 h. ago Stock markets plunge after Trump reignites trade war risk with threat of 50% tax on EU goods

US president’s fresh plan wipes billions off shares in UK, US, France, Germany Spain and Italy

Events

18 h. ago Trump threatens 25% tariff on Apple iPhones and 50% on EU products starting June 1

President Donald Trump has threatened to impose a 50 percent import tax on anything brought into the U.S. from the European Union and is warning that he will unilaterally slap a 25 percent tariff on any Apple products unless the most valuable technology company in the United States begins manufacturing iPhones inside the country.

Politics

18 h. ago Trump threatens tariffs on beloved iPhones as he chews out Apple's Tim Cook: Live updates

Donald Trump is tearing into Apple and threatening a new 25 percent tariff on iPhones if the company does not manufacture the product in the U.S.

Politics

18 h. ago US debt fears put dollar on track for worst week since tariffs sell

Greenback falls 1.7% amid concerns over impact of Trump’s tax-cutting bill

Economics

24 h. ago ‘Ludicrous and unfair’: older workers react to pressure to delay retirement

IMF is urging countries globally to act to ease stress on public finances, sparking mainly outrage but also supportAs French workers stage yet another public show of discontent about president Emmanuel Macron’s raising of the state pension age from 62 to 64, the International Monetary Fund has urged governments to encourage fit, older workers to delay retirement.Its recommendation is that people of the baby boomer generation should stay in work for longer to help balance public finances amid fiscal pressures caused by an ageing global population. Continue reading...

Events

35 h. ago Harvard says Trump administration’s block on international student enrollment ‘unlawful’ – US politics live

In a major escalation between Trump and Harvard, homeland security secretary Kristi Noem says move to halt enrollment should ‘serve as a warning’Trump administration halts Harvard’s ability to enroll international studentsIsrael’s foreign minister, Gideon Sa’ar, has accused unnamed European officials of “toxic antisemitic incitement” he blamed for a hostile climate in which the fatal shooting of two Israeli embassy staffers in Washington took place, Reuters reports.Israel has faced a blizzard of criticism from Europe of late as it has intensified its military campaign in Gaza, where humanitarian groups have warned that an 11-week Israeli blockade on aid supplies has left the Palestinian territory on the brink of famine. Continue reading...

Society

35 h. ago Tax cuts and mass deportations: what to know about Trump’s ‘big, beautiful’ spending bill

All the key points laid out in US president’s House-approved sweeping bill as it awaits Senate considerationThe Republican-controlled House of Representatives on Thursday passed the One Big Beautiful Bill act, which will enact Donald Trump’s taxation and spending priorities. The legislation will now be considered in the Senate, where the Republican majority will probably make its own changes.Here is what the version of the bill passed by the House would do: Continue reading...

Economics

35 h. ago Trump’s ‘big, beautiful’ spending bill, from tax cuts to mass deportations

All the key points laid out in the US president’s House-approved sweeping bill as it awaits Senate considerationThe Republican-controlled House of Representatives on Thursday passed the One Big Beautiful Bill act, which would enact Donald Trump’s taxation and spending priorities. The legislation will now be considered in the Senate, where the Republican majority will probably make its own changes.Here is what the version of the bill passed by the House would do: Continue reading...

Economics

35 h. ago Trump’s tax bill triumph could be a poisoned chalice for Republicans

Sweeping cuts and increased debt risk alienating voters and investors

Politics

36 h. ago Trump administration halts Harvard’s ability to enroll international students – live

In a major escalation between Trump and Harvard, homeland security secretary Kristi Noem says move should ‘serve as a warning’Israel’s foreign minister, Gideon Sa’ar, has accused unnamed European officials of “toxic antisemitic incitement” he blamed for a hostile climate in which the fatal shooting of two Israeli embassy staffers in Washington took place, Reuters reports.Israel has faced a blizzard of criticism from Europe of late as it has intensified its military campaign in Gaza, where humanitarian groups have warned that an 11-week Israeli blockade on aid supplies has left the Palestinian territory on the brink of famine. Continue reading...

Society

37 h. ago Clean energy stocks tumble as Trump’s tax bill slashes subsidies

Analysts warn legislation represents ‘sledgehammer strikes’ to green power industry in the US

Events

37 h. ago JP Morgan CEO Jamie Dimon says Trump’s tax bill will ‘stabilise things’

‘There's a chance that [...] you'll have stagflation,’ the JP Morgan Chase CEO said Thursday

Economics

42 h. ago Top 10 wealthiest American men collectively earned extra $1B a day, report says, as Trump pushes tax cuts

Despite market turmoil caused by Donald Trump’s tariffs, the group saw an increase in their collective wealth of $365 billion over the last 12 months

Economics

43 h. ago House passes Trump’s ‘big beautiful’ tax and spending bill after months of wrangling – US politics live

Sweeping legislation will now be sent to the SenateThe Kremlin said on Thursday that a report in the Wall Street Journal which said US president Donald Trump had told European leaders that President Vladimir Putin did not want to end the war in Ukraine contrasted with its own knowledge.The Journal said Trump had briefed European leaders after talking to Putin by phone on Monday and said Putin wanted to keep fighting in Ukraine because he thought he was winning.With a narrow 220-212 majority, House Speaker Mike Johnson could not afford to lose more than a handful of votes from his side.Republicans on the party’s right flank had pushed for deeper spending cuts to lessen the budget impact, but they met resistance from centrists who worried they would fall too heavily on the 71 million low-income Americans enrolled in the Medicaid health program. Continue reading...

Politics

50 h. ago Trump’s massive tax and spending bill clears hurdle to advance to House vote in coming hours

Republicans have been deeply divided over the bill which would extend Trump’s 2017 tax cuts by tightening eligibility for food and health programs US President Donald Trump’s massive tax and spending bill has cleared an important procedural hurdle in the Republican-controlled House of Representatives, when a gatekeeper committee approved the measure and set up a floor vote for passage to occur within hours.Republicans have been deeply divided over the bill, which would extend Trump’s signature 2017 tax cuts, create new breaks for tipped income and auto loans, end many green-energy subsidies and boost spending on the military and immigration enforcement. Continue reading...

Politics

50 h. ago US government bonds drop as worries over Donald Trump’s tax bill flare up

Stocks also slide after lacklustre $16bn auction for 20-year Treasuries

Politics

52 h. ago Top 10 wealthiest American men collectively earned an extra $1 billion each day last year, report says, as Trump pushes for tax cuts

Despite market turmoil caused by Donald Trump’s tariffs, the group saw an increase in their collective wealth of $365 billion over the last 12 months

Economics

59 h. ago US government bonds drop as worries over Trump’s tax bill flare up

Stocks also slide after lacklustre $16bn auction for 20-year Treasuries

Politics

68 h. ago The US credit rating has been downgraded. But there’s an easy fix for our debt | Robert Reich

Instead of cutting taxes on the richest Americans – who hold much of the country’s debt – simply raise themOn Friday, the credit rating of the United States was downgraded. Moody’s, the ratings firm, announced that the government’s rising debt levels would grow further if the Trump Republican package of new tax cuts were enacted. This makes lending to the US riskier.Moody’s is the third of the three major credit-rating agencies to downgrade the credit rating of the United States.They’ll pay even more interest on the growing debt – to the super-rich.They’ll pay higher interest rates on all other long-term debt. (As higher rates on treasury bonds waft through the economy, they raise borrowing costs on everything from mortgages to auto loans.)The debt crisis will give Republicans even more excuse to do what they’re always wanting to do: slash safety nets. So many Americans could lose benefits they rely on, such as Medicaid and food stamps.Robert Reich, a former US secretary of labor, i...

Politics

3 d. ago IMF urges US to curb deficit as Trump tax cut plan stirs debt fears

Top official Gita Gopinath warns over country’s ‘ever-increasing’ debt burden

Politics