5 h. ago Rising fears of Trump tariffs pummel US consumer confidence to four

Tariffs panned by economists for sowing uncertainty that they said made it challenging for businesses to plan aheadUS consumer confidence plunged to the lowest level in more than four years in March, with households fearing a recession in the future and higher inflation because of tariffs.The Conference Board said on Tuesday that write-in responses to the survey showed “worries about the impact of trade policies and tariffs in particular are on the rise”, adding: “There were also more references than usual to economic and policy uncertainty.” Continue reading...

Politics

9 h. ago UK retail sales slump in March; Lower Thames Crossing approval welcomed (and criticised) – business live

UK retailers gloomy, while tunnel to connect A2 and M2 in Kent to the A13 and M25 in Essex has been approved.Lower Thames Crossing plan for Essex and Kent approved by governmentEuropean stock markets are higher this morning, as investors cling to hopes that Donald Trump’s plan to impose reciprocal tariffs on trading partners could be more targetted than feared.The pan-European Stoxx 600 index has gained 0.57% this morning, with gains on the German DAX (+0.5%), French CAC (+0.9%) and Italian FTSE MIB (+0.7%).US markets are beginning to show some belief that President Trump’s strong arm negotiating tactics on tariffs might not be quite as punitive for the US economy as feared.There are growing hopes that if they are more targeted, as rumoured, they might helpshore up domestic industry, while securing better terms for the US on the global trading stage.Tesla currently faces a number of challenges in Europe, ahead of the launch of its new Model Y mid-size SUV this month. The EV maker ha...

Economics

12 h. ago Globalisation may have run its course in current form, says HSBC chair

Trade tensions in era of Trump tariffs create serious potential risk to global growth, warns Sir Mark TuckerGlobalisation “may have now run its course” in its current form, according to the chair of HSBC, as geopolitical tensions and US tariffs threaten to upend existing global trade.Speaking at the bank’s global investment summit in Hong Kong on Tuesday, Sir Mark Tucker warned that trade tensions created uncertainty that posed a “serious potential risk to global growth”, in remarks reported by the Financial Times. He predicted stronger economic ties would develop between regional groups and trade blocs. Continue reading...

Society

13 h. ago Canada laments lost friendship with US in town that sheltered Americans after 9/11

Many Canadians feel a sense of betrayal in response to Trump’s rhetoric

Politics

13 h. ago UK retail sales slump in March amid weak confidence, CBI says – business live

Rolling coverage of the latest economic and financial newsEuropean stock markets are higher this morning, as investors cling to hopes that Donald Trump’s plan to impose reciprocal tariffs on trading partners could be more targetted than feared.The pan-European Stoxx 600 index has gained 0.57% this morning, with gains on the German DAX (+0.5%), French CAC (+0.9%) and Italian FTSE MIB (+0.7%).US markets are beginning to show some belief that President Trump’s strong arm negotiating tactics on tariffs might not be quite as punitive for the US economy as feared.There are growing hopes that if they are more targeted, as rumoured, they might helpshore up domestic industry, while securing better terms for the US on the global trading stage.Tesla currently faces a number of challenges in Europe, ahead of the launch of its new Model Y mid-size SUV this month. The EV maker has a smaller, ageing lineup while traditional automaker rivals and new Chinese entrants alike continue to launch new, of...

Economics

15 h. ago Spring Statement news: Trump's mounting tariff war threat to UK economy amid National Insurance rise stand

Watch today’s top business stories in less than two minutes.

Events

16 h. ago Spring statement latest: Trump tariffs pose major threat to UK economy, warns Bank of England chief

Andrew Bailey speaks ahead of Rachel Reeves’ Spring Statement

Events

20 h. ago Trump slams The Atlantic after officials mistakenly texted journalist classified Yemen war plans: Live updates

President’s third Cabinet meeting taking place as tensions rise over Usha Vance’s upcoming visit to Greenland

Politics

27 h. ago Spring statement latest: Bank of England chief calls for economies to ‘come together’ amid Trump’s tariff war

Andrew Bailey speaks ahead of Rachel Reeves’ Spring Statement

Economics

28 h. ago Trump slams The Atlantic after editor reveals he was included in classified group chat discussing airstrikes: Live

President’s third Cabinet meeting taking place as tensions rise over Usha Vance’s upcoming visit to Greenland

Politics

29 h. ago Trump says he'll put a 25% tariff on countries that buy Venezuelan oil, though the US does so itself

President Donald Trump says he will place a 25% tariff on all imports from any country that buys oil or gas from Venezuela

Politics

31 h. ago Trump live updates: Elon Musk attends another Cabinet meeting despite reported tensions over DOGE

President’s third Cabinet meeting taking place as tensions rise over Usha Vance’s upcoming visit to Greenland

Politics

32 h. ago Trump to hit countries that buy Venezuelan oil with 25% tariff

Move could sharply increase levies on China and India as major purchasers of Caracas’s crude

Politics

32 h. ago Trump threatens to tax imports from countries that allow imports of Venezuelan oil

Trump’s threat would penalize American consumers for decisions made by private businesses

Politics

32 h. ago London Gold Bullion Falls to $3010 as 'Narrower Trump Tariffs' Slash Comex Arb

London Gold Bullion Falls to $3010 as 'Narrower Trump Tariffs' Slash Comex Arb  BullionVault

Politics

32 h. ago Trump to impose 25% tariff on countries that buy oil and gas from Venezuela – US politics live

President announces ‘secondary tariff’ amid baseless claim that Venezuela is sending criminals to the US Donald Trump’s forceful attack on the American judiciary hits the appeals court today for a high-stakes hearing over the president’s controversial use of wartime powers to deport foreign migrants.Politico reports that the Trump administration will urge a three-member appeals panel to overturn federal judge James Boasberg’s temporary restraining order blocking use of the 1798 Alien Enemies Act to deport planeloads of migrants without due process. Justice Department lawyers will also demand Boasberg be thrown off the case following a ferocious weeklong effort to publicly discredit him led by the president himself. The hearing starts in Washington at 1.30pm ET, each side will be allocated 30 minutes to make their case. Continue reading...

Politics

33 h. ago Trump live updates: Elon Musk to attend another Cabinet meeting despite reported tensions over DOGE

President’s third Cabinet meeting taking place as tensions rise over Usha Vance’s upcoming visit to Greenland

Politics

34 h. ago Spring statement: What to expect – Politics Weekly Westminster

Pippa Crerar and Kiran Stacey walk us through what we can expect to hear when Rachel Reeves makes her spring statement on Wednesday. With the government facing downgraded growth forecasts, rising borrowing costs and the threat of Donald Trump’s tariffs, how can it boost the economy and save public services? And how will major spending cuts go down with the party and the public? Continue reading...

Politics

34 h. ago Spring statement latest: Starmer and Trump hold talks over ‘economic prosperity deal’ amid threat of tariffs

The Prime Minister spoke to the President on Sunday night

Economics

38 h. ago Caught in the middle, this quaint US exclave is grappling with Trump's trade war with Canada

Point Roberts, Washington, is the rare U.S. exclave so dependent on Canada’s goodwill that the strain of Trump’s tariff war is inescapable — in the grocery store, at the pub and for the majority of residents who never voted for the president

Events