85 m. ago White House says there is ‘great optimism’ in the economy despite ongoing market volatility – business live

Markets pick up slightly after earlier falls amid increasing fears of recession while White House insists Trump’s tariffs are ‘proven economic formula’US stocks fall again after rally following Trump’s shock retreat on tariffsWhat are bonds and why have they spooked Donald Trump?The US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics

2 h. ago Trump's approval rating takes a hit amid tariff war and market turmoil

Like the stock market this week, President Donald Trump 's approval rating is sliding downward.

Events

2 h. ago How close are China and America to triggering World War 3? Edward Alden tells the Mail's 'Apocalypse Now?' podcast how the two superpowers could 'blunder' into devastating global conflict

Alden said that although Trump is a president who is vehemently anti-war, there are more hawkish elements of his administration that may be able to influence his decision-making.

Events

3 h. ago Scott Bessent, the Treasury secretary shaping Trump’s trade war

The former hedge fund manager is being asked to lead negotiations with foreign governments amid America’s self-inflicted hit

Politics

6 h. ago Donald Trump trade war: Why the price of gold spiking should worry you

Gold prices are soaring on the back of the financial meltdown sparked by Donald Trump's trade war. Even if you don't own any, it's an economic indicator that you probably shouldn't ignore

Politics

6 h. ago Tesla stops taking orders in China for two models imported from US

Carmaker removes ‘order now’ buttons for Model S saloon and Model X SUV on its Chinese website amid tariffs warBusiness live – latest updatesTesla has stopped taking orders in China for two models it previously imported from the US, as companies scramble to adapt to prohibitive tariffs imposed in Donald Trump’s trade war.The manufacturer, run by Trump’s close ally Elon Musk, removed “order now” buttons on its Chinese website for its Model S saloon and Model X sports utility vehicle. Continue reading...

Politics

7 h. ago The Wolf of Wall Street claims Trump isn’t guilty of market manipulation after tariff U

Jordan Belfort, who previously admitted to stock manipulation himself, has given his verdict on Trump’s trade war

Politics

7 h. ago Voices: Strong GDP growth is unexpected good news for Rachel Reeves – but there’s a ‘but’

The boost to the British economy froma jump in exports to the US will be short-lived – thanks to Trump’s trade war over tariffs, says James Moore

Politics

7 h. ago Tariffs live: China hits US with fresh levies and vows it will ‘fight to the end’ in Trump trade war

China has lifted tariffs on US goods to 125 per cent and said it would ignore any further US levy increases in the escalating trade war

Events

8 h. ago More Brits rush to buy gold which hits record high price as Trump tariffs war wipes trillions off shares

Investors are also piling into buying the Swiss franc and the yen while the US dollar has slumped amid the US president’s trade chaos

Economics

8 h. ago ‘A huge cudgel’: alarm as Trump’s war on universities could target accreditors

Advocates braced for revamp of certification system as experts warn of political pressure being brought to bearAdvocates for academic freedom are bracing for what they expect to be the next phase of the government’s effort to reshape higher education: an overhaul of the system accrediting institutions of higher learning.Donald Trump has made no secret of such plans. During the campaign, he boasted that accreditation would be his “secret weapon” against colleges and universities the right has long viewed as too progressive. Continue reading...

Events

9 h. ago China hits back at US with 125% tariffs as Xi Jinping warns Donald Trump ‘there are no winners in trade war’

The move announced on Friday is the latest tit-for-tat retaliatory tariffs hike in a growing trade war between the two superpowers

Events

9 h. ago What do Trump’s 145% tariffs on China mean and who will be affected?

As China and the US both lash out with 125% tariffs, Alicja Hagopian and Millie Cooke look at what industries will be hardest hit.

Politics

10 h. ago Airline losses expected as Trump’s trade war lowers travel demand

The ongoing trade disputes initiated by the Trump administration have created turbulence in global markets and impacted travel

Politics

10 h. ago Nigel Farage compares Donald Trump to LIZ TRUSS and warns the US might not win trade war with China

Nigel Farage moved to distance himself from his long-term ally as he admitted he had never seen the kind of chaos that has gripped markets in the wake of 'Liberation Day'.

Events

10 h. ago China raises tariffs on US goods to 125% as superpower trade war escalates even further

The move announced on Friday is the latest tit-for-tat retaliatory tariffs hike in a growing trade war between the two superpowers

Events

11 h. ago Tariffs live: China raises levies to 125% on US as Trump trade war escalates

British and European markets show signs of recovery as US president threatens to go ahead with ‘reciprocal’ levies

Politics

11 h. ago Gold hits record high as Donald Trump trade war with China intensifies

The price of the precious metal rose to above $3,200 an ounce as investors flock to the so-called 'safe haven' asset in the wake of the trade war between Washington and Beijing

Events

11 h. ago 'Wolf of Wall Street' gives his view on whether Trump is committing insider trading with tariff trade war

Stocks soared on Trump's tariffs pause with the S&P500 closing up 9.5%, while the market gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days

Politics

11 h. ago China raises tariffs on US goods from 84% to 125%, finance ministry says – business live

China’s finance ministry said it will resolutely take countermeasures against Trump tariffs and fight to the endUS stocks fall again after rally following Trump’s shock retreat on tariffsLife in Shanghai, China’s commercial capital, goes on but anti-US sentiment is hardeningThe US dollar slumped on Friday as waning confidence in the US economy prompted investors to ditch US assets to the benefit of safe havens like the Swiss franc, yen and euro, as well as gold.The yellow metal recorded a new all-time peak in early Asia trade, and the franc notched a fresh decade high, Reuters reports.There has been a pronounced ‘sell US’ vibe flowing through broad markets and into the classic safe-haven assets, with the USD losing the safe-haven bid. Continue reading...

Economics