2 h. ago Volatility grips global stock markets as Trump insists on tariff ‘medicine’

Wall Street swings in and out of red as turmoil from US president’s assault on world trade enters second weekTrump threatens additional 50% tariffs on China over retaliatory leviesWhich Trump-backing billionaires have lost the most?Extreme volatility plagued global stock markets on Monday, with Wall Street swinging in and out of the red as Donald Trump defied stark warnings that his global trade assault will wreak widespread economic damage, comparing new US tariffs to medicine.A renewed sell-off began in Asia, before hitting European equities and reaching the US. It was briefly reversed amid hopes of a reprieve, only for Trump to threaten China with more steep tariffs, intensifying pressure on the market. Continue reading...

Politics

5 h. ago Keir Starmer's dire warning over Donald Trump economic chaos

Keir Starmer told Jaguar Land Rover workers in Birmingham that Donald Trump's tariffs were bad news and would have a 'profound' impact across the globe - but vowed to back British workers 'to the hilt'

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5 h. ago Petrol car ban date confirmed by Keir Starmer amid Donald Trump tariff fallout

The Prime Minister backed the British car industry on Monday as he warned Donald Trump's tariffs will have a 'profound' impact on the global economy

Politics

6 h. ago World's most powerful banker breaks his silence on Trump tariffs to issue terrifying warning

Jamie Dimon issued a direct warning about President Donald Trump's tariffs. 

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8 h. ago Keir Starmer confirms when petrol, diesel and hybrid cars will be banned in major speech

Keir Starmer eased rules around new hybrid cars as he warned Donald Trump's tariffs will have a 'profound' impact on the global economy as markets tumbled across the world

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9 h. ago Donald Trump warns 'don't be weak and stupid' as tariffs send stock markets into freefall

Donald Trump remained defiant on Monday despite plunging markets as he insisted his tariffs are necessary to rebalance global trade and rebuild domestic manufacturing

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9 h. ago We might need a bigger lettuce after Donald Trump's tariffs dubbed his 'Liz Truss moment'

Ex-Prime Minister Liz Truss famously failed to outlast the Daily Star's 60p lettuce, now US President Donald Trump has been warned his global tariffs could be his 'Truss moment'

Politics

10 h. ago Trump's tariffs could TRIPLE the price of an iPhone as Apple loses 10% of its value in one day and faces a customer boycott

The cost of a 256GB iPhone 16 Pro could soar from $1,100 (£850) to as much as $3,500 (£2,715), experts warned after the President Donald Trump's 'Liberation Day' crackdown last week.

Economics

11 h. ago Trump condemns the world to a financial 'nuclear winter': FTSE plummets to lowest level in a year, cryptocurrency joins the plunge as defiant President insists world must take his 'medicine'

The FTSE 100 was again whacked today by the fallout from the president's astonishing move to hike import taxes on goods entering the US, hitting its lowest lowest level in a year.

Politics

13 h. ago FTSE plummets to lowest level in a year as Trump says the world must take his 'medicine' and Asian markets are hit by worldwide financial chaos

The FTSE 100 slumped more than 6 per cent after opening at 8am, having seen its worst day since the pandemic on Friday.

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14 h. ago FTSE shares plummet on opening as Trump says the world must take his 'medicine' and Asian markets are hit by worldwide financial chaos

The FTSE 100 slumped more than 6 per cent after opening at 8am, having seen its worst day since the pandemic on Friday.

Events

32 h. ago Mother of murdered teen Brianna Ghey says mobiles should be banned in ALL schools

Esther Ghey said she supported a 'blanket ban' on phones in schools across the country amid concerns about how devices can be misused by students.

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33 h. ago As a young man, I fell in love with the US. The country’s soul is still there, despite Trump’s best efforts to destroy it | John Harris

For many of us, the United States means music, progress, hope. Whatever their president does, plenty of Americans continue to believe in those tooIt seems as inevitable as the economic chaos let loose by Donald Trump’s mad avalanche of tariffs: a precipitous drop in the number of tourists visiting the US, which is now forecast to be even worse than initially feared. In February, overseas travel to the country was down by 5% compared with the previous year – and, now, reputable forecasters are predicting a drop of nearly twice that size.We all know why. Trump’s hostile words about Canada and Mexico have hit the US’s top two markets for tourism. Finnish, German and Danish transgender and non-binary people have been advised by their governments to contact a US diplomatic mission before travelling there. Note also a trickle of reports about outsiders falling foul of the cruel stringency apparently now gripping the American authorities: a 28-year-old woman from north Wales held for 19 da...

Politics

36 h. ago Mum of murdered teen sends warning to Keir Starmer on Donald Trump talks

Esther Ghey, the mum of murdered teen Brianna Ghey, has said it is 'shocking' that online safety laws could be watered down to please Donald Trump in tariff negotiations

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53 h. ago Ted Cruz warns of midterm ‘bloodbath’ if Trump tariffs cause a recession

Texas senator’s comments another sign of Republican unease over ‘reciprocal tariffs’ and stock market plungeTed Cruz, the US senator from Texas, has warned that his fellow Republicans risk a “bloodbath” in the 2026 midterm elections if Donald Trump’s “liberation day” tariffs cause a recession.Cruz also warned that the president’s tariffs, if they stay in place for long and are met by global retaliation on American goods, could trigger a full-blown trade war that “would destroy jobs here at home, and do real damage to the US economy”. Continue reading...

Events

57 h. ago Richard Madeley defends Donald Trump's controversial tariff decision after 'warning'

Richard Madeley shared his thoughts after economists warned that Trump's tariffs could have a dramatic impact on the cost of living, both in the USA and abroad

Events

3 d. ago US ‘testing’ if Russia is serious about peace in Ukraine, says Marco Rubio

Secretary of state says Putin ‘will have to make a decision’ as US officials appear to be growing impatientThe US will know within weeks whether Russia is serious about pursuing peace with Ukraine, the secretary of state said on Friday, warning that Donald Trump was not “going to fall into the trap of endless negotiations” with Russia.“We’re testing to see if the Russians are interested in peace. Their actions – not their words, their actions – will determine whether they’re serious or not, and we intend to find that out sooner rather than later,” Marco Rubio told journalists in Brussels after talks with Nato allies. Continue reading...

Politics

3 d. ago The Guide #185: How The Phantom Menace’s trade wars can help you understand our political moment

In this week’s newsletter: Donald Trump’s week of chaos has made me reappraise the unloved Star Wars prequel – was it quite prescient after all?There are many scary things to come out of Trump’s tariffs. The world economy being thrown into chaos; spiralling prices; furious economic experts showing charts with big down arrows, using phrases like “gilt markets” and “share index undergrowth”, which I definitely understand. But the most terrifying thing – the thing that has made me truly believe that we are living in the End Times – is a panic-inducing realisation: The Phantom Menace just might have been right all along.For those who haven’t seen the first Star Wars prequel, GOD I envy you. The dialogue is wooden and the structure inexplicable (sure, let’s just have a pod-race instead of an Act II) – and that’s even before we get onto the Jar Jar Binks of it all (the answer to the question “what if we shaved Paddington and spliced his DNA with the most unlikeable newt in the world?”). B...

Politics

3 d. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right to contro...

Economics

3 d. ago IMF warns of ‘significant risk’ to global economy from Trump tariffs as markets plunge

Fund boss Kristalina Georgieva says it is important that US and trading partners avoid escalating trade warBusiness live – latest updatesThe International Monetary Fund (IMF) has warned that Donald Trump’s implementation of swingeing tariffs poses a “significant risk” to the global economy, as stock markets were hit by a punishing worldwide sell-off by investors.Kristalina Georgieva, the managing director of the IMF, said it was important that the US and its trading partners avoided further escalating Trump’s trade war, while stock markets plunged on Friday as China retaliated against the tariffs. Continue reading...

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