6 m. ago U.S. economy shrinks for first time in three years as Trump’s tariffs spark trade war fears

The American economy shrank by 0.3 percent during the first quarter of this year, marking the first drop in three years as President Donald Trump’s tariff policies disrupted businesses and their supply chains.

Politics

70 m. ago US GDP report to show if economy expanded in last quarter, after eurozone growth accelerates – business live

First estimate of US GDP for Q1 2025 will show whether tariffs hurt growthUK house prices fall but market ‘likely to pick up’ during summerChina manufacturing activity plummets amid Trump tariff warFrance’s economy is likely to “flirt with stagnation” throughout the year, despite the small rebound in GDP in the last quarter, predicts Dutch bank ING.Charlotte de Montpellier, ING’s senior economist for France and Switzerland, explains:The additional customs duties in the US and their direct and indirect impact will delay the French economy’s rebound. We estimate that the direct effect of a permanent 10% import duty in the US on French GDP (via a reduction in exports) will be around -0.1%.Adding to this are the effects of uncertainty, the global economic slowdown and more restrictive fiscal policy, all of which will weigh on French economic activity throughout the year. The cooling in the labour market is likely to limit the recovery in household consumption, and the savings rate is se...

Economics

4 h. ago France and Germany avoid recession as eurozone growth accelerates; Taiwan’s GDP boosted by pre

Rolling coverage of the latest economic and financial news, including growth figures from across EuropeUK house prices fall but market ‘likely to pick up’ during summerChina manufacturing activity plummets amid Trump tariff warFrance’s economy is likely to “flirt with stagnation” throughout the year, despite the small rebound in GDP in the last quarter, predicts Dutch bank ING.Charlotte de Montpellier, ING’s senior economist for France and Switzerland, explains:The additional customs duties in the US and their direct and indirect impact will delay the French economy’s rebound. We estimate that the direct effect of a permanent 10% import duty in the US on French GDP (via a reduction in exports) will be around -0.1%.Adding to this are the effects of uncertainty, the global economic slowdown and more restrictive fiscal policy, all of which will weigh on French economic activity throughout the year. The cooling in the labour market is likely to limit the recovery in household consumptio...

Politics

5 h. ago France and Germany avoid recession as economies return to growth; UK house prices drop – business live

Rolling coverage of the latest economic and financial news, including growth figures from across EuropeUK house prices fall but market ‘likely to pick up’ during summerChina manufacturing activity plummets amid Trump tariff warFrance’s economy is likely to “flirt with stagnation” throughout the year, despite the small rebound in GDP in the last quarter, predicts Dutch bank ING.Charlotte de Montpellier, ING’s senior economist for France and Switzerland, explains:The additional customs duties in the US and their direct and indirect impact will delay the French economy’s rebound. We estimate that the direct effect of a permanent 10% import duty in the US on French GDP (via a reduction in exports) will be around -0.1%.Adding to this are the effects of uncertainty, the global economic slowdown and more restrictive fiscal policy, all of which will weigh on French economic activity throughout the year. The cooling in the labour market is likely to limit the recovery in household consumptio...

Economics

5 h. ago Luxury wallpaper maker Sanderson falls into the red as Trump tariff threat looms

Luxury wallpaper maker’s revenues fall 8% in “a sustained challenging consumer environment.”

Politics

7 h. ago France avoids recession as economy returns to growth; UK house prices drop – business live

Rolling coverage of the latest economic and financial newsChina manufacturing activity plummets amid Trump tariff warAverage UK house prices fell this month, lender Nationwide reports, after the rush to avoid an increase in stamp duty faded.According to Nationwide, house prices fell by 0.6% in April, with the average price dropping to £270,752 from £271,316 in March.Early indications suggest there was a significant jump in transactions in March, with buyers bringing forward their purchases to avoid additional tax obligations.“The market is likely to remain a little soft in the coming months, following the pattern typically observed following the end of stamp duty holidays. Nevertheless, activity is likely to pick up steadily as summer progresses, despite wider economic uncertainties in the global economy, since underlying conditions for potential home buyers in the UK remain supportive. Continue reading...

Economics

8 h. ago Commerce Secretary says US is close to first tariff deal, days after Trump bragged he already had 200 deals

Commerce Secretarty Howard Lutnick says he has a deal done but won’t name the country

Economics

16 h. ago Trump hails Bezos for scrapping plan to show Amazon shoppers tariff price hikes on products

Online retail giant claims that policy angry president attacked showing tariff price hikes on products was ‘never approved and is not going to happen’

Economics

17 h. ago Amazon says it won’t display tariff costs after Trump called Bezos over ‘hostile and political’ move

Amazon denied that it would display costs associated with tariffs for products on its website after Trump expressed anger over the policy

Politics

20 h. ago Trump official claims auto tariff relief will restore supply chain to US: ‘finish your cars in America and you win’ – live

Commerce secretary says president’s order easing tariffs for US automakers will give them time to reshore parts as Trump aims to mark 100 days in office100 days of Trump: interactive look at second term so farTrump has posted on Truth Social about the first 100 days of his second term, calling them “100 very special days”.100 VERY SPECIAL DAYS. MAKE AMERICA GREAT AGAIN!!!Danielle Alvarez of the RNC, and Paul Perez of Border Patrol, were GREAT on Fox & Friends (First). Thank you both! DJT Continue reading...

Politics

20 h. ago Christopher Dean speaks to concerned crowd as Jayne Torvill falls during live show

Jayne Torvill and Christopher Dean have been wowing crowds across the UK on their farewell tour - but the pair were left red faced after Jayne suffered a fall on the ice

Politics

21 h. ago Donald Trump declares war on Jeff Bezos over Amazon's 'hostile' tariff price rise

Donald Trump's White House Press Secretary Karoline Leavitt condemned Jeff Bezos' move as “a hostile and political act by Amazon”, adding that she had spoken directly with the president about the decision.

Politics

22 h. ago White House calls Amazon ‘hostile’ for reportedly planning to list tariff costs

White House accuses Amazon of ‘hostile and political act’ after report says company will display tariffs costs on siteThe White House accused Amazon of committing a “hostile and political act” after a report said the e-commerce company was planning to inform customers how much Donald Trump’s tariffs would cost them as they shopped.The press secretary, Karoline Leavitt, was responding to a report in Punchbowl News, which, citing a person familiar with the matter, reported that Amazon would begin displaying on its site how much the tariffs had increased the prices of individual products, breaking out the figure from the total listed price. Continue reading...

Economics

23 h. ago White House rips ‘hostile and political’ move by Bezos’ Amazon to display how much costs are for tariffs

Amazon reportedly plans to display rising costs that are associated with tariffs for products on its website

Politics

24 h. ago US fighter jet rolls off aircraft carrier as ship reportedly swerves Houthi fire

Crew members jump out of Super Hornet before jet and towing tractor fall into the Red SeaUS sailors had to leap for their lives when a fighter jet fell off a navy aircraft carrier that was reportedly making evasive maneuvers to avoid Houthi militant fire in the Red Sea on Monday.The F/A-18 fighter Super Hornet jet, along with the vehicle towing it into place on the deck of the USS Harry S Truman, rolled right out of the hangar and into the water, the navy said. Continue reading...

Events

32 h. ago 5 Emmerdale spoilers with Joe Tate's threat, Charity learns the truth and a sinister party looms

More twists and turns are in store for the residents of the Dales

Events

33 h. ago The EU can’t replace the US as a global player until it sheds its own colonial thinking | Shada Islam

Eurocentric assumptions and bullying resource-grabs are justified causes of outrage in the global southDonald Trump has disrupted the global economy with his disastrous tariff wars and appears hell-bent on gutting transatlantic relations. I am hoping he has also unwittingly injected new life into the EU’s struggle to wean itself off overreliance on Washington.A vast network of trade and aid agreements connects the EU with more than 70 countries. The union could become an important standalone global actor and even thrive in a multipolar world. But it must first shed its Eurocentric worldviews, complacent policymaking and double standards.Shada Islam is a Brussels-based commentator on EU affairs. She runs New Horizons Project, a strategy, analysis and advisory company Continue reading...

Sport

49 h. ago US tariff war hurting trade with China; M&S tells hundreds of warehouse agency staff not to come to work after cyber

Rolling coverage of the latest economic and financial newsBack in Beijing, China’s foreign ministry has said President Xi Jinping had not spoken to Donald Trump.The ministry also denied that the two administrations are in talks to strike a tariff deal, which contradicts a claim from Trump last week.“As far as I know, the two heads of state have not called each other recently,“I would like to reiterate that China and the U.S. have not conducted consultations or negotiations on the tariffs issue. Continue reading...

Economics

52 h. ago Trump's tariff wars 'are not working,' says France's chief banker highlighting US recession fears

Francois Villeroy de Galhau slammed the uncertainty the US president’s import levies have sparked in economies and markets around the world

Economics

56 h. ago Canada set to vote in election overshadowed by Trump’s tariff and annexation threats

Liberal party looked headed for defeat until American president began threatening Canada's economy and sovereignty

Politics