58 m. ago US stocks register heavy falls as White House tries to talk up Trump tariffs

Dow, S&P 500 and Nasdaq all down by at least 2% and Tesla shares fall 15% for worst day since September 2020The US stock market continued to drop on Monday as the White House denied that Donald Trump’s trade policies were causing lasting chaos within the economy.The S&P 500 fell 2.7%, the Dow Jones dropped 2%, and the tech-heavy Nasdaq dropped 4% as investors sold shares in the so-called “magnificent seven” – Alphabet, Amazon, Apple, Microsoft, Meta, Nvidia and Tesla. Tesla’s shares had their worst day since September 2020, falling 15%. Continue reading...

Politics

1 hour ago Trump pushes ahead with tariffs as stock market plummets amid recession fears: Live updates

Ontario puts in place retaliatory tariffs on energy that it sends to New York, Minnesota, and Michigan

Economics

1 hour ago Wall Street sell off: Dow Jones and NASDAQ near historically bad days as fears over recession mount

The U.S. stock market is heading toward its worst day since 2022 following President Donald Trump’s trade tariff chaos with Canada, Mexico and other nations

Politics

2 h. ago Trump confirms detention of Palestinian activist Mahmoud Khalil: ‘the first arrest of many to come’ – live

Trump says Ice took the Palestinian student protester into custody after his executive order‘Reeks of McCarthyism’: outrage after Ice detains Palestinian student activistSecretary of state Marco Rubio has announced that USAid will cancel the majority of its programs, while the rest will be folded into the state department.Writing on X, Rubio said:After a 6 week review we are officially cancelling 83% of the programs at USAID.The 5200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States. Continue reading...

Politics

3 h. ago Ontario sets 25% surcharge on US energy exports to counter Trump tariffs

Premier Doug Ford says province ‘won’t back down’ until US president retracts duties on CanadaThe Canadian province of Ontario is imposing a 25% surcharge on electricity exports to the states of New York, Michigan and Minnesota in protest against Donald Trump’s tariffs, Premier Doug Ford said on Monday.“President Trump’s tariffs are a disaster for the US economy. They’re making life more expensive for American families and businesses,” Ford said in a statement. Continue reading...

Politics

3 h. ago Ontario sets 25% surcharge on energy exports to US to counter Trump tariffs

Premier Doug Ford says province ‘won’t back down’ until US president retracts duties on CanadaThe Canadian province of Ontario is imposing a 25% surcharge on electricity exports to the states of New York, Michigan and Minnesota in protest against Donald Trump’s tariffs, the premier, Doug Ford, said on Monday.“President Trump’s tariffs are a disaster for the US economy. They’re making life more expensive for American families and businesses,” Ford said in a statement. Continue reading...

Politics

3 h. ago Trump confirms arrest and detention of Palestinian activist: ‘the first arrest of many to come’ – live

Trump says Ice took Mahmoud Khalil into custody after his executive order‘Reeks of McCarthyism’: outrage after Ice detains Palestinian student activistSecretary of state Marco Rubio has announced that USAid will cancel the majority of its programs, while the rest will be folded into the state department.Writing on X, Rubio said:After a 6 week review we are officially cancelling 83% of the programs at USAID.The 5200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States. Continue reading...

Politics

4 h. ago Risk of ‘Trumpcession’ rising, economists say, as global markets fall

Donald Trump’s brinkmanship and stop-start approach to tariffs rattle investorsBusiness live – latest updatesThe risk that the US economy will enter recession this year is rising, according to economists, as Donald Trump’s chaotic approach to tariffs continued to hit markets.Shares on Wall Street fell sharply on Monday as investors bet the president’s unpredictable tariff trade war and handling of the economy would hit growth, amid a recent plunge in business and consumer confidence. Continue reading...

Politics

5 h. ago Ontario slaps 25% increase on electricity exports to U.S. in response to Trump's trade war

Ontario’s premier, the leader of Canada’s most populous province, is now charging 25% more for electricity shipped to 1.5 million Americans in response to U.S. President Donald Trump’s tariff plan

Politics

6 h. ago Marco Rubio announces cancellation of most USAid programs – live

Secretary of state says on social media that 83% of the programs at USAid are being cancelledSecretary of state Marco Rubio has announced that USAid will cancel the majority of its programs, while the rest will be folded into the state department.Writing on X, Rubio said:After a 6 week review we are officially cancelling 83% of the programs at USAID.The 5200 contracts that are now cancelled spent tens of billions of dollars in ways that did not serve, (and in some cases even harmed), the core national interests of the United States. Continue reading...

Politics

7 h. ago Trump refuses to rule out recession as chaotic trade war with Canada, Mexico and China escalates: Live updates

President’s remarks follow turbulent week as markets rattled by series of aggressive tariff announcements and immediate walkbacks

Politics

9 h. ago Donald Trump in fresh clash over his plans to grab Greenland having not ruled out sending in US troops

US president has reaffirmed his interest in getting control of the island

Politics

10 h. ago Top shipping broker Clarksons says war and Trump tariff fears have hit revenues

Shares in FTSE 250 company fall by nearly a fifth as geopolitical turmoil pushes down freight ratesBusiness live – latest updatesThe world’s biggest ship broker has warned that geopolitical turmoil from war and Donald Trump’s tearing up of US foreign policy have hurt its revenues, sending its share price tumbling by nearly a fifth on Monday.Clarksons, which is listed on London’s FTSE 250 index of mid-sized companies, said the rates charged by shipping companies had dropped since the start of 2025, hit by concerns over the impact of tariffs. Continue reading...

Events

11 h. ago Donald Trump has not treated our people with respect, says Greenland Prime Minister

US president has reaffirmed his interest in getting control of the island

Politics

11 h. ago Trump refuses to rule out recession and new Canadian PM Mark Carney vows to win trade war: Live updates

President’s remarks follow turbulent week as markets rattled by series of chaotic tariff announcements and immediate walkbacks

Politics

11 h. ago Mark Carney, the ‘boring guy’ whose economic acumen could help Canada tackle Trump

Two-time central banker has no cabinet experience but some analysts say his experience of financial crises such as Brexit may be just what Canada needsMark Carney to be next Canada PMMark Carney, soon to become Canada’s new prime minister, is a two-time central banker and crisis fighter about to face his biggest challenge of all: steering Canada through Donald Trump’s tariffs.The 59-year-old will be the first person to become Canadian prime minister without being an MP or having had any cabinet experience. Continue reading...

Politics

13 h. ago Trump declares tariffs will be ‘best thing’ US has ever done

Donald Trump declared tariffs will be the “best thing” the US has ever done, despite refusing to rule out a recession.

Politics

15 h. ago Stock market today: Asian stocks are mixed as week starts with uncertainty over tariffs

Asian stocks have had a mixed start to the week as uncertainty over what President Donald Trump will do with tariffs persists

Economics

16 h. ago Mark Carney: Canada’s new PM calls Trump tariffs ‘the greatest crisis of our lifetime’

Mark Carney, the former Bank of England governor, has been named as Canada’s new prime minister succeeding Justin Trudeau ahead of the country's general election.

Politics

20 h. ago Trade tariffs are the new normal – and that’s unlikely to be positive for Australia | Sally Auld

US policy changes won’t have a large direct effect on the Australian economy but a global trade war can only be a drag on growthGet our breaking news email, free app or daily news podcastUS tariff policy has dominated headlines in recent weeks. In many respects, this shouldn’t come as a surprise – President Trump has been clear in his belief in tariffs as an effective policy tool. Indeed, the new US administration views tariffs as not only a means of raising tax revenue but also as a negotiating tool and a lever to ameliorate so-called trade imbalances. So far, we have seen both the threat of tariffs and the use of tariffs to achieve all these objectives.Despite all the headlines, Australia hasn’t really been subject to large changes in tariffs on its exports to the US. The US has, however, announced a 25% tariff on all steel and aluminium imports. If Australia is not successful in obtaining an exemption, Australian steel and aluminium exports to the US will be subject to new tariff...

Politics