7 h. ago Inflation spiked in August as Trump’s tariffs went into full effect ... and that’s not all the bad news for economy

Increases in the costs of food, shelter and energy caused inflation to spike and increase the likelihood of an interest rate cut

Economics

8 h. ago Inflation spiked in August as Trump’s tariffs went into full effect

Inflation rose 0.4 percent in the month of August and 2.9 percent in the past 12 months, a sign that President Donald Trump’s reciprocal tariffs have begun to affect the larger global economy.

Economics

9 h. ago US inflation rises in August as companies push Trump tariffs cost onto consumers

New CPI update shows prices increased 2.9% over the last year, but Wall Street optimistic Fed will cut interest ratesInflation rose slightly in August as companies continued to push the cost of tariffs onto consumers.The newest update to the consumer price index (CPI), which measures a basket of goods and services, showed that prices increased 2.9% over the last year – the highest since January. Core CPI, which excludes energy and food costs, stayed stable at 3.1% after going up in July. Continue reading...

Economics

9 h. ago US inflation rises in August as firms pass Trump tariffs cost on to consumers

New CPI update shows prices increased 2.9% over the last year, but Wall Street optimistic Fed will cut interest ratesInflation rose slightly in August as companies continued to push the cost of tariffs on to consumers.The newest update to the consumer price index (CPI), which measures a basket of goods and services, showed that prices increased 2.9% over the last year – the highest since January. Core CPI, which excludes energy and food costs, stayed stable at 3.1% after going up in July. Continue reading...

Economics

11 h. ago European Central Bank expected to keep rates on hold as economy weathers Trump's tariffs

Inflation is back under control, and the European economy is weathering Trump’s tariff onslaught better than expected

Economics

15 h. ago Trump tariffs ‘clearly hitting‘ as US inflation rises to 2.9%; ECB leaves interest rates on hold – business live

Trump tariffs ‘clearly hitting‘ as US inflation rises to 2.9%; ECB leaves interest rates on hold – business live  The Guardian

Economics

19 h. ago Charlie Kirk shooting: Trump blames ‘radical left’, but does not mention attacks on Democrats as search for suspect continues – follow live

In Oval Office address, Trump vows retribution, but neglects to mention murder of Melissa Hortman, attack on Paul Pelosi and threats to Mike PenceFull report: Trump ally Charlie Kirk shot and killedAnalysis: Kirk’s death shows political violence now feature of US lifeCharlie Kirk: influential rightwing activist and trusted ally of TrumpA jump in greenhouse gas pollution in the US helped push global emissions higher in the first half of this year. This could be an omen of what’s to come, with Donald Trump’s pro-fossil fuel agenda set to significantly slow down the emissions cuts required to avoid disastrous climate impacts, a new forecast has found.The “most abrupt shift in energy and climate policy in recent memory” that has occurred since Trump re-entered the White House will have profound consequences for the global climate crisis by slowing the pace of US emissions cuts by as much as half the rate achieved over the past two decades, the Rhodium Group forecast states. Continue rea...

Politics

20 h. ago Mexico's new tariffs on Asian imports aim to counter US trade pressures

Mexican import taxes on more than 1,400 products from China and other Asian countries will be as high as 50%, as the country tries to shore up domestic production and pass on some of the Trump administration’s tariff pain

Events

23 h. ago Trump ally Charlie Kirk has died after being shot at university event, with suspect still at large – latest updates

Rightwing activist was shot at just after midday local time; university officials said there is no suspect in custody after a person arrested is no longer a suspectTrump ally Charlie Kirk shot during event at Utah Valley UniversityAnalysis: Kirk’s death shows political violence now feature of US lifeCharlie Kirk shooting death – what we know so farA jump in greenhouse gas pollution in the US helped push global emissions higher in the first half of this year. This could be an omen of what’s to come, with Donald Trump’s pro-fossil fuel agenda set to significantly slow down the emissions cuts required to avoid disastrous climate impacts, a new forecast has found.The “most abrupt shift in energy and climate policy in recent memory” that has occurred since Trump re-entered the White House will have profound consequences for the global climate crisis by slowing the pace of US emissions cuts by as much as half the rate achieved over the past two decades, the Rhodium Group forecast states. ...

Politics

24 h. ago Donald Trump says Charlie Kirk has died after being shot at university event – latest updates

Rightwing activist was shot at just after midday local time; university says suspect is not in custodyTrump ally Charlie Kirk shot during event at Utah Valley UniversityUS lawmakers unite to condemn Charlie Kirk shootingCharlie Kirk shooting – what we know so farA jump in greenhouse gas pollution in the US helped push global emissions higher in the first half of this year. This could be an omen of what’s to come, with Donald Trump’s pro-fossil fuel agenda set to significantly slow down the emissions cuts required to avoid disastrous climate impacts, a new forecast has found.The “most abrupt shift in energy and climate policy in recent memory” that has occurred since Trump re-entered the White House will have profound consequences for the global climate crisis by slowing the pace of US emissions cuts by as much as half the rate achieved over the past two decades, the Rhodium Group forecast states. Continue reading...

Politics

25 h. ago Charlie Kirk shooting: Trump ally in critical condition after being shot at Utah university event – latest updates

Rightwing activist was shot at just after midday local time amid conflicting reports of suspect’s detainment statusTrump ally Charlie Kirk shot during event at Utah Valley UniversityUS lawmakers unite to condemn Charlie Kirk shootingCharlie Kirk shooting – what we know so farA jump in greenhouse gas pollution in the US helped push global emissions higher in the first half of this year. This could be an omen of what’s to come, with Donald Trump’s pro-fossil fuel agenda set to significantly slow down the emissions cuts required to avoid disastrous climate impacts, a new forecast has found.The “most abrupt shift in energy and climate policy in recent memory” that has occurred since Trump re-entered the White House will have profound consequences for the global climate crisis by slowing the pace of US emissions cuts by as much as half the rate achieved over the past two decades, the Rhodium Group forecast states. Continue reading...

Politics

26 h. ago Donald Trump asks for prayers for Charlie Kirk after rightwing activist was shot at Utah university event – latest updates

US president posts on Truth Social as FBI director says agency is ‘closely monitoring’ incident at eventA jump in greenhouse gas pollution in the US helped push global emissions higher in the first half of this year. This could be an omen of what’s to come, with Donald Trump’s pro-fossil fuel agenda set to significantly slow down the emissions cuts required to avoid disastrous climate impacts, a new forecast has found.The “most abrupt shift in energy and climate policy in recent memory” that has occurred since Trump re-entered the White House will have profound consequences for the global climate crisis by slowing the pace of US emissions cuts by as much as half the rate achieved over the past two decades, the Rhodium Group forecast states. Continue reading...

Politics

28 h. ago Jamie Dimon gives pessimistic outlook on US economy and says full impact of Trump tariffs hasn’t happened yet

Economy ‘weakening’ though recession isn’t certain, JPMorgan’s Dimon says

Politics

29 h. ago John Swinney's 'sob story' statement as he rates chances of a deal on whisky tariffs with Donald Trump

The first minister said he had ‘substantive’ talks with the US president on Tuesday

Economics

30 h. ago John Swinney warns Donald Trump whisky tariffs are cutting jobs in birthplace of President's mother

The First Minister met with the Republican leader in the Oval Office for around 50 minutes on Tuesday where the future of the Scotch Whisky industry was discussed.

Events

39 h. ago Trump meets Scottish First Minister John Swinney to discuss whisky

Swinney met Trump at the White House to discuss whisky tariffs during a trip to the U.S. for trade talks

Politics

40 h. ago Trump calls on EU to impose 100% tariffs on India and China to stop Ukraine war

Trump says he is prepared to hit India and China with even more sweeping tariffs if Europe is willing to cooperate

Politics

47 h. ago Trump meets Scottish First Minister John Swinney to discuss whisky tariffs

Swinney met Trump at the White House to discuss whisky tariffs during a trip to the U.S. for trade talks

Politics

48 h. ago US supreme court to decide on legality of Trump’s sweeping global tariffs

A lower court earlier ruled president exceeded his authority when enacting tariffs under law meant for emergenciesThe US supreme court agreed on Tuesday to decide the legality of Donald Trump’s sweeping global tariffs, setting up a major test of one of the Republican president’s boldest assertions of executive power that has been central to his economic and trade agenda.The justices took up the justice department’s appeal of a lower court’s ruling that Trump overstepped his authority in imposing most of his tariffs under a federal law meant for emergencies. The court swiftly acted after the administration last week asked it to review the case, which involves trillions of dollars in customs duties over the next decade. Continue reading...

Politics

49 h. ago John Swinney holds 'constructive discussions' with Donald Trump on whisky tariffs

First Minister holds talks with president in Washington DC ahead of state visit to UK by US leader later this month

Politics