3 h. ago Starmer risks clash with Trump by plotting 'reset' with EU that hails free trade, backs Ukraine's territory and condemns attacks on Paris climate deal

Keir Starmer is scrambling to seal a trade deal with the US that can blunt the impact of brutal tariffs.

Events

22 h. ago UK growth forecasts nearly HALVED for next year as hopes of US trade deal to avoid Trump's tariffs are thrown into doubt

The EY Item Club has slashed predictions for this year and next amid alarm at the impact of Donald Trump's tariffs.

Economics

35 h. ago Grocery giant sounds major warning on price hikes that will impact all Americans after Trump's tariffs

One of North America's largest supermarket chains has bluntly told its suppliers they will not accept increased prices related to Trump-imposed tariffs.

Events

4 d. ago Google reports strong earnings amid DoJ antitrust lawsuits and Trump tariffs

Tech giant exceeds Wall Street expectations despite 17% drop in stock price and tariffs levied on its trade partnersGoogle’s parent company Alphabet reported strong first quarter earnings on Thursday, despite being embroiled in antitrust lawsuits brought by the US government and seeing a 17% drop in its stock price since the beginning of the year. This is the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.Despite the upheaval for Alphabet, it exceeded Wall Street’s expectations, reporting revenue of $90.23bn, up 12% since the same time last year, and $2.81 in earnings per share. Analysts had projected first quarter revenue of $89.2bn and earnings of $2.01 per share, according to consensus estimates. The global tariffs were not expected to create much of an impact for Alphabet, since they were mostly instituted after the end of the quarter. Continue reading...

Politics

4 d. ago Google to report earnings amid justice department lawsuits and Trump tariffs

Parent company to report revenue as it’s embroiled in 17% drop in stock price and tariffs levied on its trade partnersGoogle’s parent company Alphabet will report its first quarter earnings on Thursday, which come as the tech giant is embroiled in antitrust lawsuits brought by the US government and a 17% drop in its stock price since the beginning of the year. It’s also the company’s first earnings report since Donald Trump levied tariffs on trade partners around the world.Despite the upheaval, analysts appear optimistic on Alphabet’s outlook projecting first quarter revenue of $89.2bn, up 11% since the same time last year, and earnings of $2.01 per share, up 7%, according to consensus estimates. Analysts don’t expect the global tariffs to create much of an impact for Alphabet, since they were mostly instituted after the end of the quarter. Continue reading...

Politics

4 d. ago Inchcape warns that car supply could be impacted by US tariffs

The London-listed company saw shares slip in early trading on Thursday.

Events

5 d. ago Corporate America puts Wall Street on alert over damage from trade war

Executives use earnings calls to lay out costs and supply chain impacts from Donald Trump’s tariffs

Events

5 d. ago UK open to lowering tariffs on US goods to secure Donald Trump trade deal

Chancellor Rachel Reeves said Donald Trump is 'keen' to forge an agreement with the UK, which could ease the impact of his sweeping trade tariffs on British businesses

Economics

6 d. ago UK business output slumps in first sign of impact of Trump tariff chaos

Closely watched PMI Index points to falling output amid plummeting confidence

Politics

6 d. ago Gloomy economic forecast piles pressure on Reeves to secure trade deal with Trump

IMF downgrade lays bare the impact of Trump’s tariffs, with experts warning there could be more pain to come unless chancellor can secure a US-UK trade deal, as Kate Devlin reports

Economics

7 d. ago US stock markets fall again as Trump calls Fed chair ‘a major loser’

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffsUS stock markets started falling again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who Trump called “a major loser” for not lowering interest rates.“There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media. Continue reading...

Politics

1 week ago One of UK’s largest companies sees £2bn wiped off shares through Trump tariffs impact

The UK distributor supplies companies around the world with everyday goods such as food packaging, equipment and protective wear

Economics

1 week ago Could Trump’s tariffs push cash ISA rates higher for UK savers?

With Cash ISAs relying on the Bank of England’s base rate of interest for their saving returns, could the inflationary impact of Trump’s tariffs lead to better opportunities?

Politics

2 w. ago Business confidence sinks as firms weigh twin impact of US tariffs and tax rises

A poll of UK bosses indicated that sentiment is at its lowest point since late 2022, when inflation was surging to historically high levels.

Economics

2 w. ago John Swinney wants Scotland's economic future to be 'resilient' after Trump tariff war

The SNP leader has called for a UK Government response to "reflect changing reality" amid concern over the impact of US trade tariffs and other factors.

Economics

2 w. ago UK economy surges 0.5% in February in surprise boost for Rachel Reeves

However, City economists warned that the spurt could be short-lived as the impact of higher tariffs and business taxes kick in

Politics

2 w. ago UK economy far exceeds forecasts to grow 0.5% in boost to Rachel Reeves

February GDP rise bigger than forecast but impact from Donald Trump’s tariff war yet to comeBusiness live – latest updatesThe UK economy unexpectedly expanded by 0.5% in February, figures show, in a boost for Rachel Reeves before an expected downturn triggered by Donald Trump’s tariff war.Reversing a modest fall in January of 0.1%, the increase in gross domestic product in February was five times larger than the 0.1% growth that a poll of City economists had forecast. Continue reading...

Politics

2 w. ago Trump has slowed his global tariff plan. Here’s what happens next and the impact on your wallet

The president caught the world – and most of his administration – off guard with his sudden announcement that he was pausing tariffs

Politics

2 w. ago F1 team issues statement as Donald Trump's US tariffs prompt changes

Donald Trump's tariff announcements and their economic impact are being felt in all sectors and have prompted a statement from one Formula 1 team after their parent company's announcement

Politics

2 w. ago Nintendo Switch 2 won't launch in China and it's not because of Trump's tariffs

Nintendo Switch 2's preorder rollout has been massively impacted by Trump's tariffs, but that's not why the console has been indefinitely delayed in China — here's all we know

Politics