34 m. ago Trump tariffs live: FTSE sees biggest daily drop since Covid after China hits US with huge 34% tariff

Beijing hits back after president’s ‘Liberation Day’ wipes $2.4trn from S&P 500, in biggest one-day loss since March 2020

Politics

42 m. ago FTSE suffers biggest daily drop since early in the pandemic as Wall Street slides again – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsChina retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US importsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right ...

Economics

50 m. ago Trump’s tariffs will likely mean ‘higher inflation and slower growth’, says Fed chair

While the US economy remains robust, Jerome Powell cautions there is high uncertainty over its directionUS politics live – latest updatesDonald Trump’s global tariffs assault is set to raise prices and slow down economic growth, Federal Reserve chair Jerome Powell has warned, defying the US president’s demands for an immediate interest rate cut.While the US economy remains robust, Powell cautioned that there is high uncertainty over its direction. “Downside risks have risen,” he told an event in Arlington, Virginia, on Friday. Continue reading...

Economics

58 m. ago BORIS JOHNSON: Adolescence is tosh. What's doing REAL damage to teenagers is Starmer's spiteful Pol Pot hatred of anything aspirational or that requires effort

It is not often that Starmer comes up with something so crass that I push aside the breakfast table, hurl the paper at the far wall and run around the room pant-hooting with incontinent rage.

Politics

70 m. ago Almost 100 new homes are being built in one of the best places to live in Wales

The final sign-off for an estate of 91 houses in Narberth, more than 40% of them affordable, has been given the go-ahead by county planners

Society

76 m. ago Trump dismisses China tariff retaliation and implores Fed to cut interest rates as stock market dives: Live

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

97 m. ago English Premiership coach swears on live TV and apologises to his mum as Ugo Monye in stitches

The soundbite left TNT Sports commentator Alastair Eykyn momentarily lost for words

Politics

98 m. ago De Bruyne’s exit creates Club World Cup uncertainty and Postecoglou the ‘lone voice’ on VAR: football – live

Premier League: 10 things to look out for this weekendRead Football Daily | And email Luke with your thoughtsAn email: “On the subject of Ange Postecoglou,” writes Peter Wilkinson. “I’m not a Spurs fan so I don’t have a dog in the race but it amuses me that while fans give players and managers absolute pelters, as soon as they get a bit back the fans start clutching their pearls saying it’s a disgrace. If you can’t take it, don’t give it out.”A fair point well made, Peter. Ange is due to face the press shortly in an appointment he’s probably looking forward to with as much relish as a trip to the dentist for root canal surgery. It could get spiky, mate. Continue reading...

Society

1 hour ago Virginia Giuffre's lonely life on a rural farm after bitter love split cut her off from her kids

The 41-year-old - who was allegedly trafficked by Jeffery Epstein to have sex with Prince Andrew as a teenager - initially claimed she had just 'four days to live' after the crash at a rural intersection.

Politics

1 hour ago Grand National results LIVE: Tips and updates as Jonbon triumphs on Ladies Days at Aintree

Follow all the action from Aintree as the festival builds up to the showpiece on Saturday

Events

1 hour ago John Rentoul answers your Trump tariffs questions from the ‘Brexit dividend’ to chlorinated chicken

In a live Q&A, The Independent’s chief political commentator John Rentoul fielded readers’ questions on Trump’s trade war, its global consequences and the UK’s options for navigating this latest storm

Politics

2 h. ago Liam Neeson as you've NEVER seen him before! Star, 72, flashes his pants while dressed as a lollipop shank

The Taken actor, 72, was dressed a schoolgirl in the clip, clad in a tartan skirt and cardigan, with the star flashing a pair of strawberry print knickers while attacking robbers.

Politics

2 h. ago 'I founded Oasis but Noel sacked me over silly row, I live with a huge regret'

Tony McCarroll founded Oasis back in 1991 but parted ways with the band following a personality clash with Noel Gallagher in 1995. Thirty years on and he admits it still fills him with regret

Politics

2 h. ago ‘Oligarchy’: Trump exempts big oil donors from tariffs package

Trump’s new 10% universal tariffs will not apply to many fossil fuel products in sign of his fealty, advocates sayUS politics live – latest updatesThe sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say.Trump’s new 10% universal tariffs – which are higher for many major economies – are wreaking havoc on the global economy and are expected to increase consumer prices in the US. But the levies will not apply to many fossil fuel products, including liquefied natural gas imports, crude oil from Canada, and materials needed for making petrochemicals. Continue reading...

Politics

2 h. ago John Hunt BBC Grand National commentary team to include first female caller in 73 years

Gina Bryce will become the first woman to describe the action as one of four co-commentators on the BBC 5 Live team for the Grand National

Politics

2 h. ago Downing Street says Trump’s tariffs signal ‘new era’ in global economics

No 10 says US president’s decision is ‘disappointing’, as experts warn UK may have to raise taxes in autumnUK politics live – latest updatesDonald Trump’s tariffs signal a new global economic era, Downing Street has said, as economists warn the British government is likely to have to raise taxes in response.No 10 said on Friday the prime minister believed that this week’s trade announcement by the US president, which has started a global trade war and sent stock markets tumbling, marked a turning point in history. Continue reading...

Economics

2 h. ago Trump unveils $5m ‘gold card’ featuring his face for wealthy immigrants to live in US

The Republican president has introduced the visa in the hope of creating jobs and boosting economic growth amid stock market turmoil

Events

2 h. ago Prince Andrew 'completely unsurprised' accuser shared 'four days to live' post, pals say

Prince Andrew's friends have spoken on the 'bus crash' that supposedly left Virginia Giuffre with 'days' left to live and 'kidney failure,' which she shared on a social media post

Politics

2 h. ago Trump claims ‘great time to get rich’ as tariffs turmoil sees Wall Street market sell

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

2 h. ago ‘My policies will never change’: Trump doubles down on trade war after China announces retaliatory tariffs – live

US president says on Truth Social that ‘this is a great time to get rich’ despite China issuing a 34% tariff on all US goods The Trump administration is taking aim at Brown University with threats to freeze $510m in grants, widening its promise to withhold federal funding from schools it accuses of allowing antisemitism on campus, according to multiple media outlets including Reuters and the New York Times.University officials said they had not yet been formally notified, but the school was among dozens warned last month that enforcement actions could be coming as the administration seeks to crack down on academic institutions . Continue reading...

Events