20 h. ago Trump news live updates: Recession odds up as President’s tariff ‘Liberation Day’ looms

President also says that reciprocal ‘Liberation Day’ tariffs will impact ‘all countries’, sending unease through financial markets

Politics

23 h. ago Trump news today: Recession odds up as President’s tariff ‘Liberation Day’ looms

President also says that reciprocal ‘Liberation Day’ tariffs will impact ‘all countries’, sending unease through financial markets

Politics

36 h. ago Looming Trump tariff deadline sparks fresh fears of higher costs worldwide

Donald Trump’s tariff policy has sent ripples through the financial markets as investors assess what the impact will be on global trade.

Politics

54 h. ago Trump’s tariff ‘Liberation Day’ looms, but voters want him to focus on lowering prices, poll says

President equally divides country overall but most disapprove of his handling of economy

Politics

3 d. ago Keir Starmer urged to get tough with Trump as US tariff threat looms

PM told to be as robust as Canada with the US president as the UK stages last-ditch talks to strike trade dealKeir Starmer should fight back strongly against Donald Trump if he imposes punitive tariffs on British exports, senior UK and EU diplomats said on Saturday night, amid heightened fears that the US president could trigger a global trade war with devastating effects on the UK economy.British government officials in London and Washington are working frantically this weekend to try to persuade Trump not to slap duties on more key UK industries on what he is calling “liberation day” on Wednesday. The US president has already announced plans for 25% levies on imports of cars, steel and aluminium to the US. Continue reading...

Politics

3 d. ago ‘My target is those who have looted my banks’: Bangladesh’s bank governor chases vanished assets

Despite attempts to discredit him, Ahsan Mansur is determined to trace his targets with the UK’s helpDiminutive and softly spoken, Dr Ahsan Mansur does not project the image of a man able to strike fear into the hearts of hardened kleptocrats.Yet Bangladesh’s central bank governor has rattled someone powerful, if the events of recent days are anything to go by. Continue reading...

Events

7 d. ago Spring Statement: Rachel Reeves needs AI to 'move needle' on economic growth, says Bank of England governor

The UK’s economy has been flatlining

Economics

8 d. ago Looming tariff dispute between US and EU ‘extremely concerning’ – bank governor

Gabriel Makhlouf, governor of the Central Bank of Ireland, said that forecasting in a time of ‘extreme uncertainty’ is challenging.

Economics

2 w. ago Canadian PM Mark Carney tells King they have ‘much to catch up on’

Charles welcomed the former governor of the Bank of England to the royal residence during his visit to London.

Politics

2 w. ago Canadian PM dragged into Jeffrey Epstein scandal as Ghislaine Maxwell pics emerge

The new Prime Minister of Canada has been dragged into an Epstein pic scandal as photographs of the former governor of the Bank of England alongside Ghislaine Maxwell have emerged

Politics

2 w. ago New Canadian leader Mark Carney expected to meet Sir Keir Starmer and King

The former Bank of England governor will arrive in the UK from Paris later on Monday.

Politics

2 w. ago As cyberwarfare threat looms, cashless Nordic nations go back to banknotes | Miranda Bryant

Nordic countries were early adopters of digital payments. Now, electronic banking is seen as a potential threat to national securityIn 2018 a former deputy governor of Sweden’s central bank predicted that by 2025 the country would probably be cashless.Seven years on, that prediction has turned out to be pretty much true. Just one in 10 purchases are made with cash, and card is the most common form of payment, followed by the Swedish mobile payment system Swish, launched by six banks in 2012 and now ubiquitous. Other mobile phone payment services are also growing quickly. Continue reading...

Economics

2 w. ago Canada ‘will never be part of the US’, says new PM Mark Carney amid trade war

Former Bank of Canada and Bank of England governor sworn in and expected to call election soonMark Carney has said Canada will never be part of the US, after being sworn in as the country’s 24th prime minister in a sudden rise to power.“We will never, in any shape or form, be part of the US,” the former governor of the Bank of Canada and the Bank of England told a crowd outside Rideau Hall in Ottawa, rejecting Donald Trump’s annexation threats. “We are very fundamentally a different country.” Continue reading...

Events

2 w. ago Mark Carney sworn in as Canada's prime minister as country deals with Donald Trump's trade war

Former Bank of England governor replaces Prime Minister Justin Trudeau

Politics

2 w. ago Mark Carney sworn in as Canadian prime minister amid US trade war

Former Bank of Canada and Bank of England governor becomes 24th PM and expected to call election soonMark Carney has been sworn in as Canada’s 24th prime minister, capping a sudden rise to power for the former governor of the Bank of Canada and the Bank of England.Less than a week ago, Carney beat the former finance minister Chrystia Freeland, the former government house leader Karina Gould and the former member of parliament Frank Baylis with a dominant 85.9% of the vote, in a closely watched leadership race. He has no prior elected experience and does not have a seat in the House of Commons, making him a rarity in Canadian history. Continue reading...

Politics

2 w. ago Can Canada’s ‘rockstar banker’ PM take on Trump and win? – podcast

The former governor of the Bank of England has a new role – saving his country from becoming America’s 51st state. Leyland Cecco reportsJust a few months ago, the future of Canada seemed clear – the Conservatives were on the rise. After almost a decade in power, Justin Trudeau resigned and his Liberal party seemed down and out. But then came not just Donald Trump’s tariffs – but his threats that Canada could become the “51st state”.Canadians were appalled. The government hit back with retaliatory tariffs and strong words. Ordinary Canadians began boycotting goods from the US. And support for the Liberals surged. Now Mark Carney, who has never been an MP but was the first non-British head of the Bank of England, has swept into the role of prime minister. Continue reading...

Politics

3 w. ago Australia’s record gold exports to US set back its case for tariff relief as Trump trade war looms

Industries across the country are bracing for the impact of the Trump administration’s worldwide tariff regimeGet our breaking news email, free app or daily news podcastA run on gold in America – fanned by fears of a global trade war – has given Australia its first trade surplus with the US in decades, undermining Australia’s key argument for exemption from Donald Trump’s impending global tariff regime.Australia expects to be included in a comprehensive global tariff regime of 25% on aluminium and steel imports from Wednesday, but which is set to expand to other sectors, such as agriculture and pharmaceuticals, in coming months.Sign up for Guardian Australia’s breaking news email Continue reading...

Politics

3 w. ago What can Canada expect from its next PM? The Mark Carney I knew | Larry Elliott

In his seven years as Bank of England governor, Carney was charming and self-confident but had a volcanic temperSmart, smooth, tough and a liberal globalist to the ends of his fingertips. That was how Mark Carney came across in his near seven-year stint as governor of the Bank of England. Judging by how he ran the Old Lady of Threadneedle Street, Donald Trump should not expect too much flattery from Canada’s new prime minister.Quite the opposite, in fact. From the moment he took over as governor from Mervyn King in 2013, it was clear Carney considered himself to be the smartest man in the room and wanted to make sure everybody knew it. He was not a man to suffer fools gladly, so the scene is set for a mighty clash of egos when prime minister meets president. Continue reading...

Politics

3 w. ago Mark Carney comes out fighting against Trump and his bid to 'destroy our way of life' as he declares: 'Canada will never be part of America'

Speaking during his acceptance speech, the former Bank of England governor Mark Carney chose to lean strongly into resisting US President Donald Trump's policies.

Politics

3 w. ago Canadians believe that Mark Carney is the man to stand up to Donald Trump | Colin Horgan

The newly appointed Liberal leader is likely to call a federal election to bolster his mandate, but Canadians seem to see him as the best bet to counter US tariffsWhen Mark Carney took the job as governor of the Bank of England in 2013, he negotiated a five-year term rather than the traditional eight-year tenure. The sense was that he was eager to get back to Canada to run for office in the next federal election. But that election came and went in 2019, and Carney instead extended his tenure at the Bank, ultimately leaving it in 2020. A year later, the Guardian asked him whether he’d be prime minister of Canada some day. Carney was deliberately coy. “Er, look at the time!” he laughed, with a raised eyebrow.No need to be cute any more. On Sunday evening, Carney won the Liberal leadership race in a landslide, capturing 85.9% of the overall riding points on the first count. The party allocates 100 possible points to each constituency (or ridings, as they’re known), and those points are...

Politics