62 h. ago Donald Trump is now badly wounded. Europe can seize an advantage | Will Hutton

It’s time to fashion a new global trade order without the USThe game-changing geopolitical event last week was the near collapse of the immense $29tn ­market in US government debt, threatening the stability of the American and global financial system and the safe-haven status of dollar assets.The US president boasted as the collapse unfolded that world leaders were queueing to “kiss his arse”. Twelve hours later, he was in the same humiliatingly weak position as the then British prime minister Liz Truss found herself after her tax-slashing “mini-budget” in 2022. The markets had forced him to pause for 90 days the swingeing range of “reciprocal” tariffs that he announced on what he proclaimed “liberation day”; instead he lowered all of them, bar that on China, to 10%. Continue reading...

Politics

64 h. ago FLIGHT REVIEW: Virgin Atlantic Business Class From London to Atlanta

FLIGHT REVIEW: Virgin Atlantic Business Class From London to Atlanta - "I Was Wrong"  Turning left for less

Transport

2 d. ago ‘Completely out of touch’: golf and dinners for ‘king’ Trump as economy melts down

Casual attitude as markets fall suggests man detached from anxieties of ordinary voters – and surrounded by yes menAfter lighting a fuse under global financial markets, Donald Trump stepped back – all the way to a Florida golf course. A week later, having just caved to pressure to ease his trade tariffs, the US president defended the retreat while hosting racing car champions at the White House.Trump had spent the time in between golfing, dining with donors and making insouciant declarations such as “this is a great time to get rich”, even as the US economy melted down. Continue reading...

Politics

2 d. ago WARREN SHUTE: 'Don’t hit panic button just yet over Donald Trump tariffs'

Donald Trump has sparked a turbulent week for global stocks, but here is why financial planner Warren Shute says you shouldn't jump into impulsive decisions on your finances

Events

3 d. ago Shein closer to London IPO after securing watchdog’s approval, reports say

The company has been in talks over an initial public offering (IPO) on the London Stock Exchange over the past year.

Politics

5 d. ago London businesses 'most concerned' about fallout from global financial chaos

But the capital’s SMEs far more optimistic about growth over the coming months

Economics

5 d. ago Shares surge and FTSE climbs 6% after Trump pauses tariffs amid financial global chaos

In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.

Politics

5 d. ago Shares surge after Trump pauses tariffs amid financial global chaos

In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.

Politics

5 d. ago International train fares from London could be cut by 30% – report

The analysis was commissioned by London St Pancras High Speed, which owns St Pancras station and the tracks to the Channel Tunnel.

Politics

5 d. ago Bank of England issues warning of 'severe impact' of Donald Trump tariffs as it issues response

The central bank's Financial Policy Committee (FPC) has warned that the global tariffs imposed on trade could severely rock the UK's financial stability, which could have wider negative effects on the UK economy

Events

5 d. ago Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England

Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warnsTrump imposes new tariffs on dozens of partnersDramatic sell-off of US government bondsBusiness live – latest updatesDonald Trump’s sweeping tariffs have put global growth at risk, the Bank of England has warned, heaping pressure on government finances and increasing the likelihood of “severe shocks” to the financial system.The Bank’s financial policy committee (FPC) said its global risk environment had deteriorated and “uncertainty had intensified” since its last update in November, with US tariff announcements contributing to a “material increase in risks to global growth” and inflation levels. Continue reading...

Events

6 d. ago ‘They start breaking vehicles’: London business owner facing daily struggle with homeless

‘They start breaking vehicles’: London business owner facing daily struggle with homeless  CTV News

Politics

6 d. ago Family business 'left £40,000 out of pocket' after van stuck in London car park for two years

A small family business claims to have had to spend £40,000 after their van was trapped in a central London car park due to a mechanical issue

Economics

6 d. ago Lloyd's of London leads lawsuit against defunct Orlando company

Lloyd's of London leads lawsuit against defunct Orlando company  The Business Journals

Politics

6 d. ago The Latest: US stocks rise as global financial markets show signs of relief

Stocks are rising on Wall Street and around the world to recover some of the historic losses since last week when President Donald Trump announced sharp increases in taxes on goods imported to the U.S. The S&P 500 was up 3.4% in early trading Tuesday

Economics

6 d. ago Trump tariffs will have little impact on London's services based economy says report

Only 3% of London exports are goods heading for the newly protectionist US

Politics

6 d. ago Nervous billionaires turn on Trump amid global financial meltdown as even tycoons who backed him for reelection line up to condemn 'ignorant' and 'arrogantly extreme' tariffs

Trump's billionaire allies have issued stark warnings of an 'economic nuclear war' that will crash markets and drive the global economy into a downturn if the tariffs are not halted.

Politics

7 d. ago How ‘liberation day’ rout compares with other notorious stock market crises

A swift loss of £4tn from global stock markets has led some to liken Trump’s trade war to 1929 Wall Street crashBusiness live – latest updatesDonald Trump’s escalating trade war has plunged global financial markets into the steepest rout since the spread of the Covid pandemic five years ago.Drawing parallels with the 1929 Wall Street crash and the ensuing 1930s Great Depression, the US president’s “liberation day” tariff plan has led to warnings of a global recession from leading economists. Continue reading...

Politics

7 d. ago Roller coaster US stock markets fall heavily again amid Trump tariff chaos

Latest gyrations on Walls Street come after more than £80 billion wiped off London’s FTSE-100

Economics

7 d. ago Zarb Students Embark on Global Business Immersion in London, Close Market at London Stock Exchange

Zarb Students Embark on Global Business Immersion in London, Close Market at London Stock Exchange  Hofstra University News

Economics