29 h. ago FBI arrests judge for alleged obstruction of immigration arrest operation, Patel says in deleted social post – live

Kash Patel has since deleted the post on X that had said a Wisconsin judge was arrested and accused of helping an immigrant ‘evade arrest’Apple is reportedly planning to switch assembly of all iPhones for the US market to India as the company seeks to reduce its reliance on a Chinese manufacturing base amid Donald Trump’s trade war.The $3tn (£2.3tn) technology company aims to make the shift as soon as next year, the Financial Times reported. Continue reading...

Events

34 h. ago Voices: Poll of the day: Do you still believe in the UK–US ‘special relationship’?

Have your say: Is the UK–US “special relationship” still alive, or has Trump’s trade war and shifting global politics turned it into a thing of the past?

Politics

34 h. ago Swiss leader says Trump administration foresees ‘privileged’ talks with 15 countries on US tariffs – US politics live

Karin Keller-Sutter, Swiss president, says Switzerland is among 15 countries with which US plans to hold negotiations to reach deals over tariffsThe Swiss president says Switzerland is among 15 countries with which the United States plans to conduct “privileged” negotiations to help reach a deal after sweeping US tariffs on dozens of countries that have shaken global markets, reports the Associated Press (AP).Karin Keller-Sutter, in an interview with broadcaster SRF published Friday, said she was “satisfied” with talks in Washington this week that included an International Monetary Fund conference and her one-on-one meeting with US treasury secretary Scott Bessent. Keller-Sutter also serves as Switzerland’s finance minister. “The United States has defined a group of 15 countries with which it wants to find a quick solution in this tariff question. Switzerland is part of this group of these 15 countries,” she told reporters separately late on Thursday in Washington, according to the ...

Politics

48 h. ago Reeves rejects parts of Trump’s economic agenda before talks with Bessent

UK chancellor says global stability depends on lower trade barriers ahead of meeting US Treasury secretary

Politics

51 h. ago Rachel Reeves to say world leaders should 'reduce barriers to trade' ahead of meeting with US counterpart over Donald Trump's tariffs and a UK deal

The Chancellor will tell the International Monetary Fund 's spring meeting in Washington that the 'new era of global trade' requires a new system that 'provides security for working people'.

Politics

51 h. ago Reeves moves to appease Trump with new vision for global trade

As the UK scrambles to get a US trade deal, Rachel Reeves has made a speech calling for a new global trade system aimed at dealing with concerns raised by Donald Trump

Politics

51 h. ago Reeves to say global trade should provide ‘security for working people’

Chancellor Rachel Reeves is in Washington for the International Monetary Fund’s spring meeting of finance ministers from the G7 and G20.

Events

56 h. ago IMF warns that trade tensions could test stability of world economy; Reeves ‘confident’ about US trade deal – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Events

60 h. ago US trade war fears drive UK consumer confidence down to record low; Tesla’s European sales fall again – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Economics

62 h. ago Kenyan president vows closer ties to China during visit amid Trump's trade war

Kenyan President William Ruto pledged to build closer ties with China on Thursday, a day after saying a global trade war triggered by Washington could deal a “death blow” to the current world order

Politics

3 d. ago Trump says he is ‘entitled’ to deport people without trials – live

President says it’s not possible to have trials for everyone he wants to deport and that US would otherwise be a ‘very dangerous country’Hegseth blames ousted officials for leaksSpeaking in India, JD Vance has warned that the 21st century could be “a very dark time for all of humanity” depending on the decisions made over global trade and global partnerships at this juncture.The US vice-president said “We are now officially one quarter into the 21st century, 25 years in, 75 years to go. And I really believe that the future of the 21st century is going to be determined by the strength of the US-India partnership. Continue reading...

Politics

4 d. ago Trump’s tariffs spark global recession fears as White House hints at trade deal with China: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Economics

4 d. ago White House says Hegseth ‘doing a tremendous job’ despite latest security lapse – live

Trump press secretary doubles down on fired Pentagon employees who ‘leaked to the mainstream media’ and reiterates president’s support of embattled secretaryHegseth blames ousted officials for leaksSpeaking in India, JD Vance has warned that the 21st century could be “a very dark time for all of humanity” depending on the decisions made over global trade and global partnerships at this juncture.The US vice-president said “We are now officially one quarter into the 21st century, 25 years in, 75 years to go. And I really believe that the future of the 21st century is going to be determined by the strength of the US-India partnership. Continue reading...

Society

4 d. ago The Guardian view on the IMF’s warning: Donald Trump could cost the world a trillion dollars | Editorial

The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaosWake up! When the most sober of global institutions, the International Monetary Fund, abandons its usual technocratic calm to sound the alarm on the political roots of global financial instability, it’s time to pay attention. The IMF is warning of a non-negligible risk of a $1tn hit to global output, as Donald Trump’s erratic “America first” agenda – part oligarchic enrichment scheme, part mobster shakedown – collides with a perfect storm of global financial vulnerabilities.Such a shock would be equivalent to a third of that experienced in the 2008 crisis. But it would be felt in a much more fragile and politically charged environment. This time, the crisis stems not just from markets but from the politics at the heart of the dollar system. The IMF’s latest Global Financial Stability Report sees the danger in Mr Trump’s trade ...

Events

4 d. ago Democrats call for Hegseth to resign as new details emerge on latest intelligence leak – live

Republicans stand behind embattled US defense secretary as NBC News reports Hegseth shared sensitive information from top general to family membersHegseth blames ousted officials for leaksSpeaking in India, JD Vance has warned that the 21st century could be “a very dark time for all of humanity” depending on the decisions made over global trade and global partnerships at this juncture.The US vice-president said “We are now officially one quarter into the 21st century, 25 years in, 75 years to go. And I really believe that the future of the 21st century is going to be determined by the strength of the US-India partnership. Continue reading...

Politics

4 d. ago Trump trade tariffs will trigger UK job loses by the summer unless Starmer seals US trade deal, manufacturers warn amid global turmoil

The head of trade body Make UK said UK firms were already putting in contingency plans to deal with an expected slump in trade caused by the president's swing towards protectionism.

Economics

4 d. ago Risks to global financial stability surging after Trump tariffs, warns IMF

World body says ‘sharp repricing of risks’ possible amid growing concern over role of ‘nonbank’ lendersIMF warns of ‘major negative shock’ from Trump’s tariffsEditorial: Donald Trump could cost the world $1tnThe global financial system is coming under increasing strain as Donald Trump’s trade war rocks markets, the International Monetary Fund has warned.“Global financial stability risks have increased significantly,” the IMF said in its regular snapshot of the system, urging regulators to be on the alert for potential crises. Continue reading...

Events

4 d. ago JD Vance says Trump seeks to ‘rebalance global trade’ while announcing progress on US

Vice-president says administration wants to ‘build something truly new’ for global trade as he says talks with Modi have agreed trade negotiation reference pointsSpeaking in India, JD Vance has warned that the 21st century could be “a very dark time for all of humanity” depending on the decisions made over global trade and global partnerships at this juncture.The US vice-president said “We are now officially one quarter into the 21st century, 25 years in, 75 years to go. And I really believe that the future of the 21st century is going to be determined by the strength of the US-India partnership. Continue reading...

Politics

4 d. ago Asian shares trade mixed amid investor worries after Wall Street tumble

Asian shares are trading mixed amid global skepticism about U.S. investments and President Donald Trump’s trade war

Economics

5 d. ago Peter Navarro: the economist who has outsmarted Elon Musk and has the ear of Donald Trump

US president’s chief trade adviser is intellectual driving force behind global tariffs and trade war with ChinaElon Musk called him “dumber than a sack of bricks” but, in the raw contest for political power, Peter Navarro has outsmarted the billionaire.The tumult in global trade shows that for now it is the 75-year-old economist, not Musk, who has Donald Trump’s ear in the Oval Office. Continue reading...

Politics