51 m. ago Chile foreign minister says US would not be able to ‘replace’ Chilean copper

Alberto van Klaveren’s comments follow Trump’s announcement that he would impose 50 per cent tariffs on copper imports.

Politics

2 h. ago Trump announces 50% tariff on Brazil, citing what he claims is a ‘witch

US president slaps tariff on Brazil and complains about treatment of Brazil’s former president, who is facing trial over an alleged coup attemptTrump targets Brunei, Libya and Moldova with latest threat of US tariffsTrump says Bolsonaro ‘not guilty of anything’ amid Brazil coup trialThe US justice department has sued California over state policies allowing transgender athletes to compete in girls’ school sports, alleging that allowing them to do so violates federal anti-discrimination laws.The lawsuit, filed in federal court in Los Angeles, claims that California’s policies violate Title IX, which affords legal protection against sex discrimination.Our Fed Rate is AT LEAST 3 Points too high. “Too Late” is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs. No Inflation, COMPANIES POURING INTO AMERICA. “The hottest Country in the World!” LOWER THE RATE!!!ANYBODY BUT “TOO LATE.”In effect, we went on hold when we saw the size of the tariffs and essentially all...

Politics

3 h. ago Fed says most policymakers see risks tariffs will cause ‘persistent’ inflation

Minutes from US central bank’s June meeting highlight schism over effect of Donald Trump’s levies

Economics

4 h. ago TACO returns to Wall Street: Investors shrug off Trump’s latest tariff threat as nickname sets the investor’s mood

Experts weigh in on whether Trump will carry out his latest threat – and the consensus is that the uncertainty looming over the U.S. economy can’t continue, Rhian Lubin reports

Economics

7 h. ago Trump announces tariffs of up to 30% on six more countries – live updates

President defends tariffs and sends letters to countries including Algeria, Iraq and Brunei The US justice department has sued California over state policies allowing transgender athletes to compete in girls’ school sports, alleging that allowing them to do so violates federal anti-discrimination laws.The lawsuit, filed in federal court in Los Angeles, claims that California’s policies violate Title IX, which affords legal protection against sex discrimination.Our Fed Rate is AT LEAST 3 Points too high. “Too Late” is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs. No Inflation, COMPANIES POURING INTO AMERICA. “The hottest Country in the World!” LOWER THE RATE!!!ANYBODY BUT “TOO LATE.”In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.Anybody would be better than Jay Powell. He’s costing us a fortune because he keeps the rate way u...

Politics

8 h. ago Trump delayed his tariff deadline after Treasury Secretary pleaded for more time to get deals done, report says

Treasury boss talked Trump into yet another multi-week reprieve

Economics

10 h. ago Business news live: Housebuilders pay £100m after investigation and Rachel Reeves sent Cash ISA plea

Stock markets updates and business news from Wednesday

Economics

10 h. ago Voices: ‘Who do they think they are?’ Readers clash over NHS doctor strikes

Our community is sharply divided over the upcoming doctors’ strike and their demand for a 29 per cent pay rise. While one reader blamed the NHS, calling it ‘a broken system,’ another said, doctors ‘should be ashamed’

Events

10 h. ago Trump defends tariffs as more trade announcements expected – live updates

President Donald Trump said that there would be more trade-related announcements this morningSources in the European Union, which Donald Trump said could expect a letter regarding its tariff deal in the next 48 hours, said they believed a framework agreement would be reached this week. The agreement is expected to include headline tariff arrangements for a limited number of sectors including cars, steel and medical devices.The German chancellor, Friedrich Merz, told the Bundestag today: “I am cautiously optimistic that we can succeed in reaching an agreement with the US in the next few days, by the end of the month at the latest.” Continue reading...

Politics

10 h. ago Hosepipe ban threat widens as UK's biggest water supplier threatens new clampdown

A new heatwave has led to more hosepipe ban threats from water companies desperate to protect dwindling supplies - Thames Water says 'restrictions' will be needed unless there is more rain

Events

12 h. ago Bank of England says UK banks can increase riskier mortgage lending – business live

Rolling coverage of the latest economic and financial news, as BoE recommends banks can issue more high loan-to-income level loansCopper prices in US hit record high after Trump announces 50% tariffTrump threatens to escalate trade war amid confusion over new tariff ratesCarsten Menke, Head of Next Generation Research at Julius Baer, says the copper tariffs will be inflationary domestically in the US and deflationary internationally – which matches the price action we’ve seen since last night.Menke also points out that the jump in US copper prices (13% yesterday) is less than the 50% tariff, implying traders expect some imports will be exempt, saying:President Trump announced the imposition of 50% import tariffs at a cabinet meeting yesterday. While US-traded futures jumped on the news, the price differential is well below the tariff level, pointing to expectations of exemptions for key suppliers or expectations of different demand dynamics.As already mentioned, we remain of the con...

Economics

12 h. ago Holly Willoughby’s media company given further chance to avoid being wound up

Roxy Media was issued with a winding-up order by His Majesty’s Revenue & Customs earlier this year.

Politics

13 h. ago Threat of Trump tariffs ‘puts businesses at risk of going bust’

Bank of England says further rise in trade taxes could weaken demand, increase costs and make banks less willing to provide loansBusiness live – latest updatesThe looming threat of much higher tariffs amid Donald Trump’s trade war could lead to a fresh wave of companies going bust and cause financial losses for banks, the Bank of England has warned.The Bank’s financial policy committee said a rise in trade levies would compound existing vulnerabilities, with the risks to global growth and inflation having grownas a result of the president’s ever-changing border tax rates and an escalating conflict in the Middle East. Continue reading...

Events

13 h. ago Good Morning Britain favourite survives ITV bloodbath as other huge names fear for jobs

One Good Morning Britain star has managed to survive the huge cuts at ITV as the breakfast show and its other daytime companions undergo major format changes starting next year

Events

13 h. ago Most UK companies would withstand sharply higher tariffs, BoE says

Central bank officials warn some heavily indebted firms are ‘particularly exposed to global shocks’

Politics

13 h. ago Record 14.4 million parking fines issued by private firms last year

The figure is up 13% from the previous year

Economics

14 h. ago UK workforce exposed if global trade war intensifies, Bank warns

Households and businesses nonetheless remain resilient, and the UK banking system is equipped to support them if conditions worsen.

Events

14 h. ago Scottish companies set to benefit from cyber incident response cadre

SMEs from across Scotland are facing one of their biggest threats to business operations yet, and it’s not going away any time soon.

Politics

14 h. ago Copper prices in US hit record high after Trump announces 50% tariff

Latest escalation in trade war is expected to push up costs across key parts of US economyBusiness live – latest updatesCopper prices hit a record high in the US after Donald Trump announced he would impose a 50% tariff on the industrial metal, in the latest escalation in his trade war.Trump said before a cabinet meeting on Tuesday: “Today we’re doing copper,” proposing a 50% tariff rate for imports. He also threatened to impose a 200% border tax on pharmaceuticals but in a year or year and a half’s time. Continue reading...

Politics

14 h. ago Trump's mooted copper tariff widens New York–London price dislocation

Trump's mooted copper tariff widens New York–London price dislocation  MarketWatch

Politics