4 d. ago Elon Musk’s business empire was built on government help. How badly could Donald Trump hurt him?

If the President follows through on his threats, the price tag could be enormous. Yet financial loss is far from the worst damage that Trump can cause his erstwhile ‘first buddy’, Io Dodds writes.

Politics

4 d. ago ECB cuts interest rates to 2% in effort to bolster flagging eurozone growth

European Central Bank makes eighth quarter-point cut in a year as bloc reels from impact of Trump’s trade warsBusiness live – latest updatesThe European Central Bank has cut interest rates to 2% in an effort to boost flagging economic growth across the eurozone.The ECB, making its eighth quarter-point cut in a year, said the 20-member currency bloc needed a reduction in the cost of borrowing as it reeled from the damage caused by Donald Trump’s trade wars. Continue reading...

Politics

5 d. ago Services sector returns to growth in major boost to UK economy

Britain's services sector returned to tepid growth last month after jitters about Donald Trump's tariffs caused the sector to shrink in April for the first time in a year and a half.

Politics

7 d. ago UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecastBusiness live – latest updatesThe UK’s economic growth will be slower than expected this year and next as the damage caused by Donald Trump’s tariff war hits trade and investment, according to a gloomy forecast by the Organisation for Economic Co-operation and Development (OECD).The international body downgraded its expectations for this year and next from a forecast made in March, pushing down UK growth from 1.4% to 1.3% in 2025 and from 1.2% to 1% next year. Constraints on Whitehall spending and higher than expected inflation also played a part in a downgrade, the OECD said. Continue reading...

Politics

8 d. ago Investors say they took advantage of market instability caused by Trump’s tariffs

Stock markets around the world suffered sharp drops in the days following the so-called ‘liberation day’ announcements

Economics

9 d. ago Trump’s birthday military parade could cause $16 million of damage to DC’s streets

The June 14 parade, which will celebrate the Army’s 250th anniversary, is being held on the president’s 79th birthday and will cost around $45 million

Events

1 week ago Elon Musk allegedly took so much ketamine it caused him bladder problems

Elon Musk dabbled in extensive drug use while serving as one of Donald Trump’s closest advisers, taking ketamine so frequently it caused bladder problems, the New York Times has claimed

Politics

1 week ago Elon Musk allegedly took large amounts of drugs including ketamine while advising Trump – report

Doge head at times took dissociative daily, along with ecstasy and psychedelic mushroom use, according to NYTUS politics live – latest updatesElon Musk engaged in extensive drug consumption while serving as one of Donald Trump’s closest advisers, taking ketamine so frequently it caused bladder problems and traveling with a daily supply of approximately 20 pills, an investigation from the New York Times revealed.The world’s richest man regularly consumed ketamine, ecstasy and psychedelic mushrooms during his rise to political prominence, anonymous sources familiar with his activities told the Times. His drug use reportedly intensified as he donated $275m to Trump’s presidential campaign and later wielded significant power through his role spearheading the “department of government efficiency”, or Doge. Continue reading...

Politics

1 week ago Trump now claims 60 Minutes interview with Kamala Harris caused him ‘mental anguish’

The new objections to Paramount’s motions to dismiss CBS lawsuit come amid reports the president turned down a $15 million settlement, seeking $25 million and an apology

Politics

1 week ago All the times King Charles has been political following tense Trump remark

King Charles III's recent speech given while opening the Canadian parliament has caused something of a stir amid ongoing tensions with US President Trump, who has repeatedly called to incorporate the nation as the '51st state'

Politics

1 week 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

1 week 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

2 w. ago Drowning is most common cause of death among youngest Americans. Trump might have just made that worse

Layoffs at the Centers for Disease Control have hit the drowning-prevention team, just in time for the summer swim season

Events

2 w. 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

2 w. 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

2 w. ago South Africa says its budget can't cover for the deep US cuts in foreign aid

South Africa's finance minister says the country doesn’t have the funds to cover the over $430 million shortfall caused by the Trump administration’s cuts in foreign aid

Politics

3 w. ago Comey says ‘8647’ post that caused Trump firestorm was totally innocent

Former FBI director describes as ‘crazy’ claim that seashell photo on Instagram signified assassination callJames Comey was taking a walk on the beach with his wife when they happened upon a message in the sand: 8647.According to the former FBI director, his wife initially asked if the cryptic seashell formation was an address. They puzzled over the shells, trying to decipher meaning. His wife, according to Comey’s account, remembered her days as a server in a restaurant, when 86 was the term staff used to remove an item from the menu. Comey mused that when he was younger, kids would say 86 to mean “to ditch a place”. Continue reading...

Events

3 w. ago Eurozone growth forecasts cut amid uncertainty over Trump trade war

Tariffs impact demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European CommissionBusiness live – latest updatesThe European Commission has cut its growth forecasts for the eurozone this year and next as a result of uncertainty caused by Donald Trump’s tariff wars.The commission said the impact of tariffs demanded a “considerable downgrade” to the expected growth this year of the 20-member eurozone to 0.9% from the previous forecast, made in November, of 1.3%. Continue reading...

Politics

3 w. ago Infantino’s Trump trip causes Fifa walkouts; Awoniyi condition ‘positive’: football – live

Latest news and previews as we head into the weekendMail Taha | Ten things to look out for | Football DailyQuiz quiz quiz quiz quiz: plenty of FA Cup fare – plus Beach Soccer World Cup! – in here to test you (I got 11/15) Barcelona: ICYMI, a lively couple of days in La Liga ended with Barça sealing the league title against 10-man Espanyol last night.We didn’t have many clear chances but we have a kid in there who sometimes pulls something out of the golden feet he has and he gave us peace of mind to stay in the game more calmly.In January some people were saying we would fight to be third. We have confidence in ourselves. That’s the key. We trust in the work and in what we know we can do.” Continue reading...

Politics

3 w. ago Infantino’s Trump trip causes Fifa walkouts; Gambling Commission warns clubs: football – live

Latest news and previews as we head into the weekendMail Taha | Ten things to look out for | Football DailyQuiz quiz quiz quiz quiz: plenty of FA Cup fare – plus Beach Soccer World Cup! – in here to test you (I got 11/15) Barcelona: ICYMI, a lively couple of days in La Liga ended with Barça sealing the league title against 10-man Espanyol last night.We didn’t have many clear chances but we have a kid in there who sometimes pulls something out of the golden feet he has and he gave us peace of mind to stay in the game more calmly.In January some people were saying we would fight to be third. We have confidence in ourselves. That’s the key. We trust in the work and in what we know we can do.” Continue reading...

Events