6 h. ago Mobico to sell US school buses ahead of tariffs driving up fleet costs

The transport group described the sale to infrastructure investor I Squared Capital as a ‘milestone’.

Economics

44 h. ago California expands its electric school bus fleet as federal freeze paused efforts elsewhere

California is spending $500 million to put an additional 1,000 electric school buses on the road

Politics

4 d. ago Secondhand stores are poised to benefit if US tariffs drive up new clothing costs

Stores selling secondhand clothing, shoes and accessories are poised to benefit from the Trump administration’s trade war even as global businesses race to avoid potential damage

Economics

8 d. ago Trump’s trade war will cause dilemma for the Fed, says chairman Jerome Powell

Tariffs are ‘highly likely’ to drive short-term inflation, Powell says in Chicago speech

Politics

9 d. ago The Guardian view on Donald Trump’s industrial policy: inward turn by ultimatum | Editorial

The US is retreating behind chokepoints and tariffs. It remains determined to invent the future but is struggling to ensure its control Globalisation is out; reshoring is the new realism. Intel’s half-built Ohio campus and Nvidia’s US supercomputer plan demonstrate the very different routes taken by Joe Biden and Donald Trump in the search for homegrown tech dominance. Mr Biden relied on institutions: grants, land and investment incentives. That approach has stalled after last year’s election, rendering Intel’s plant idle. Mr Trump prefers court politics: flattery, pressure and tariff threats. Nvidia’s move seems driven less by design than executive ultimatum. Industrial strategy lives on – but, and this is a concern, increasingly through presidential menace, not policy.There’s another important message in the Nvidia announcement. In an era where ideas spread freely, power lies not in invention but in chokepoints, such as artificial intelligence supercomputer fabrication, that deter...

Events

1 week ago Plunging used electric car prices costing fleet businesses 'hundreds of millions'

Car leasing firms say they have been the driving force behind EV growth - but are now being being left to 'shoulder' massive losses resulting from plummeting residual values.

Economics

1 week ago Trump in driver seat on tariffs says Lutnick and will personally negotiate top 15 trade deals: Live

Electronics exemption to Trump’s tariffs are boost for high-tech companies such as Apple and Tesla

Economics

2 w. ago Musk thinks Trump’s pal Navarro is a ‘moron’. Who are we supposed to root for here? | Dave Schilling

Tariffs have driven a wedge between Trump aides in an administration that hates expertise. I suppose boys will be boysI would like to dispel some rumors right up front. One, I did not receive a PhD in business from Harvard Business School. Hopefully this doesn’t make you think less of me, but I felt it necessary to be honest. Second, I did not even attend Harvard. I thought about it once; hopefully, thinking about something isn’t illegal yet.My point is that I am no elitist snob begging for your subservience. I’m a simple man, just trying to salvage the last of my meager wealth during the great trade war of 2025. I know absolutely nothing about global economic policy. As such, I must be worth listening to.Dave Schilling is a Los Angeles-based writer and humorist Continue reading...

Politics

2 w. ago Schools lined up for help getting cleaner school buses. Then came the EPA freeze

Hundreds of school districts around the U.S. may have to abandon plans to acquire electric buses after the EPA froze the latest round of money that was part of President Biden’s infrastructure law

Politics

2 w. 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

2 w. ago Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss

Jamie Dimon believes effect of policy may be ‘hard to reverse’ if maintained for too longEuropean markets slumpBusiness live – latest updatesThe JP Morgan chief executive, Jamie Dimon, has warned that it may be “hard to reverse” the effect of Donald Trump’s tariffs, which he said would drive prices higher and make a US recession more likely.The boss of the US bank said in his annual letter to investors that while there were some “legitimate reasons” for the number of new taxes applied to goods imported into the US, there could be some serious consequences if the tariffs were maintained for too long. Continue reading...

Economics

2 w. ago Bitcoin plunges as Trump’s tariffs drive down global stock markets

Cryptocurrencies like Ethereum and Solana sink in value by over 12 per cent

Politics

3 w. ago Trump claims Starmer is ‘very happy’ about tariffs imposed on Britain

UK foreign secretary regrets ‘return to protectionism’ and says Britons will be concerned about impact on financesBusiness live – latest updatesDonald Trump has claimed that the UK is “very happy” with tariffs imposed on the country as part of his shock upending of global trade, but the British foreign secretary, David Lammy, said he regretted the “return to protectionism”.Wielding a chart in the White House Rose Garden, the US president revealed on Wednesday that the UK would be hit with 10% so-called “reciprocal” tariffs as part of a sweeping drive on all countries. Continue reading...

Politics

3 w. ago Britain can retaliate or negotiate with Trump – but there is no way we can win at this game | Gaby Hinsliff

Starmer will try to calm the situation and focus on May’s local elections, but one thing is clear: our ties with Europe are more crucial than everNobody wins a trade war. You can lose it by greater or lesser degrees: you may be one of the luckier casualties. But that’s about as good as it gets. So, while there will have been initial relief in Downing Street on Wednesday night, a feeling even that Keir Starmer’s placating of Donald Trump looks vindicated, what followed was no victory lap.How could it be, after that grotesquely swaggering show trial the president staged in the White House garden, all the better to jazz up an economic assault on what were once his country’s allies? Come on down, Britain, escaping with just the minimum 10% tariff on its exports to the US and no drive-by insults! Better than Taiwan (32% plus a lecture about how the US used to build all the semiconductors once), Vietnam (“They like me, I like them” but still a brutal 46%), the EU (“very very tough traders...

Politics

3 w. ago Canada Trump tariff exemption ‘like dodging a bullet into the path of a tank’, says business leader

Automotive industry and prime minister Mark Carney note that 25% tariffs on Canadian steel, aluminum and automobiles will still come into effect within hoursCanada’s exemption from Donald Trump’s global tariffs was “like dodging a bullet into the path of a tank”, say business leaders as other levies are poised to hit key industries that drive the country’s economy.In a theatrical unveiling of tariffs on countries with “unfair” practices on Wednesday afternoon, Canada was noticeably absent, alongside trade ally Mexico. Continue reading...

Politics