71 m. ago 70% of small businesses say tariffs are already increasing costs, despite Trump’s team assurances they are not

A recent HSBC survey found that over 70 percent of US small and mid-sized businesses are facing higher costs due to tariffs.

Economics

12 h. ago Southeast Asian leaders hit out at Trump tariffs as China pledges support

Influential regional association’s summit with China and Gulf nations underscores ‘urgency of diversifying trade beyond traditional markets’

Politics

13 h. ago US official claims Trump tariffs brought China to table and halted India

Howard Lutnick claims president offered South Asian nations trading access to US to avert full-scale war

Politics

15 h. ago ‘Nonsense and stupid’: Trump’s tariff war will cause global damage, says Grosvenor boss

Policy will eventually right itself, adds Mark Preston, who heads Duke of Westminster’s property groupDonald Trump’s global tariff trade war is “nonsense and stupid” and will damage every country in the world, including the US, the boss of one of Britain’s most powerful property companies has said.Mark Preston, chief executive of the 348-year-old Grosvenor Group, controlled by the Duke of Westminster, said he was “convinced” that the president’s sweeping tariff policies would ultimately be removed. Continue reading...

Events

17 h. ago Trump’s tariff war will cause global damage, says Grosvenor boss

‘Nonsense’ policy will eventually right itself, adds Mark Preston, who heads Duke of Westminster’s property groupDonald Trump’s global tariff trade war is “nonsense and stupid” and will damage every country in the world, including the US, the boss of one of Britain’s most powerful property companies has said.Mark Preston, chief executive of the 348-year-old Grosvenor Group, controlled by the Duke of Westminster, said he was “convinced” that the president’s sweeping tariff policies would ultimately be removed. Continue reading...

Events

23 h. ago Fraudsters are using ingenious hacks to pay lower tariffs on overseas products

Some companies are avoiding tariffs by lying about the worth of products, or the materials they are made of

Economics

24 h. ago Tourists from around the world boycott America over Trump's tariffs and two nationalities lead the no

Tourism season this year might look a little different in the U.S. with people from several countries opting to skip out on visiting the states.

Politics

27 h. ago Trump indicates ‘positive’ progress in US trade talks with EU

Wall Street up in early trading after US president commends bloc for calling to ‘quickly establish meeting dates’Donald Trump has indicated there has been progress in US trade talks with the EU, helping send share prices rising on Wall Street, after he commended the bloc for calling to “quickly establish meeting dates”.“This is a positive event, and I hope that they will,” Trump wrote on his Truth Social platform on Tuesday, saying the EU would be “very happy and successful” if it agreed a deal. Continue reading...

Politics

28 h. ago Will Rachel Reeves bend her fiscal rules to help balance the books?

IMF has warned there are ‘significant risks’ associated with delivering the UK chancellor’s economic strategy

Politics

28 h. ago Will Reeves bend her fiscal rules to help balance the books?

IMF has warned there are ‘significant risks’ associated with delivering the UK chancellor’s economic strategy

Politics

29 h. ago Britain is still hoping to slash Donald Trump's 10% tariffs on UK goods, says Peter Mandelson

The Labour peer, who is the UK's ambassador to the US, outlined how work is ongoing to 'address' the 'reciprocal' tariffs the US President has imposed.

Politics

29 h. ago Trump says Putin is ‘playing with fire’ in wake of massive Russian strikes on Ukraine – US politics live

US president claims if it weren’t for him ‘really bad’ things would have happened to Russia amid signs he is frustrated with Russian president’s stalling of peace talksEarlier this morning, Alan Garber, president of Harvard University, told NPR’s Morning Edition that elite institutions need to double down on their “commitment to the good of the nation” and “be firm in our commitments to what we stand for”.Garber said he finds the measures taken by the Trump administration to be “perplexing”; while he acknowledges there is work to be done on campus regarding viewpoint diversity, he said he struggles to see a link between funding freezes and fighting antisemitism.I think that we have heard from some people that they do feel that [Harvard lacks viewpoint diversity]. What is perplexing is the measures that they have taken to address these that don’t even hit the same people that they believe are causing the problems. Why cut off research funding? Sure, it hurts Harvard, but it hurts the...

Politics

30 h. ago King Charles tells Canada’s parliament country will stay ‘strong and free’ amid Trump annexation threats – live

Monarch says Canada ‘faces critical moment’ as unprecedented address comes amid Trump’s repeated threats that US should make Canada the 51st stateEarlier this morning, Alan Garber, president of Harvard University, told NPR’s Morning Edition that elite institutions need to double down on their “commitment to the good of the nation” and “be firm in our commitments to what we stand for”.Garber said he finds the measures taken by the Trump administration to be “perplexing”; while he acknowledges there is work to be done on campus regarding viewpoint diversity, he said he struggles to see a link between funding freezes and fighting antisemitism.I think that we have heard from some people that they do feel that [Harvard lacks viewpoint diversity]. What is perplexing is the measures that they have taken to address these that don’t even hit the same people that they believe are causing the problems. Why cut off research funding? Sure, it hurts Harvard, but it hurts the country because after...

Politics

31 h. ago Trump accuses EU of dragging its heels on a tariff deal with the US

Fears of trade war reignited as the American president makes veiled threat on his Truth Social platformDonald Trump said the EU had been dragging its heels “to put it mildly” on sealing a tariff deal with the US, repeating his assessment that his threat of a 50% tariff on imports from the bloc was an “extremely” satisfactory move.He commended the EU for calling to “quickly establish meeting dates” but reignited fears of a trade war with the region by adding criticism of the EU to his statement on his Truth Social platform on Tuesday. Continue reading...

Economics

31 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

31 h. ago King Charles to give speech in Canada’s parliament in reminder to Trump of country’s sovereignty – live

Monarch’s unprecedented speech from the throne comes amid Trump’s repeated threats that the US should annex Canada and make it the 51st state Earlier this morning, Alan Garber, president of Harvard University, told NPR’s Morning Edition that elite institutions need to double down on their “commitment to the good of the nation” and “be firm in our commitments to what we stand for”.Garber said he finds the measures taken by the Trump administration to be “perplexing”; while he acknowledges there is work to be done on campus regarding viewpoint diversity, he said he struggles to see a link between funding freezes and fighting antisemitism.I think that we have heard from some people that they do feel that [Harvard lacks viewpoint diversity]. What is perplexing is the measures that they have taken to address these that don’t even hit the same people that they believe are causing the problems. Why cut off research funding? Sure, it hurts Harvard, but it hurts the country because after all...

Politics

32 h. ago US consumer confidence rebounds after five straight months of declines due to tariff anxiety

Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to the lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs

Politics

34 h. ago IMF warns Trump’s tariffs are set to drag down UK economy next year

The organisation maintained its projection that the UK economy will expand by 1.4 per cent in 2026

Events

34 h. ago Trump administration reportedly set to cancel last Harvard contracts – US politics live

Federal contracts worth an estimated $100m set to be pulled, according to media reports Donald Trump wants to “dictate” policies like those of far-right regimes in the 1930s, a leading billionaire investor has warned.Ray Dalio writes in a new book that the US president is acting like a chief executive without a board as he seeks to expand executive power even more aggressively than predecessors Andrew Jackson and Franklin D Roosevelt. Continue reading...

Politics

34 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