2 d. ago McDonald’s and General Motors say Trump’s tariff war is harming business

Fast-food company reports 3.6% fall in sales and carmaker says tariffs could cost it as much as $5bn in 2025McDonald’s and General Motors have warned that uncertainty around Donald Trump’s tariff policy is hurting business, hitting sales and knocking profits.The fast-food chain reported a 3.6% fall in sales in its US home market during the first quarter, driven mainly by lower customer numbers as consumers reined in their spending in the face of an unpredictable economic outlook. Continue reading...

Politics

4 d. ago Kamala Harris dealt final brutal blow as Trump goes after her husband Doug Emhoff with petty action

Donald Trump knows where to hit Kamala Harris where it hurts. 

Politics

9 d. ago Bill Maher calls Larry David’s satire of his Trump dinner ‘kind of insulting to 6 million dead Jews’

‘Nobody has been harder about Donald Trump than me,’ Maher says after fellow comedian compared his meal with US president to meeting HitlerBill Maher has responded to Larry David’s satirical essay in the New York Times that compared Maher’s glowing account of having dinner with Donald Trump to dining with Adolf Hitler.Maher, a vocal critic of Trump in the past, had dinner with the US president and a group of his high-profile supporters, including their mutual friend Kid Rock, on 31 March. On an episode of his talkshow Real Time on 11 April, Maher described Trump as “gracious” and “much more self-aware than he lets on”, saying: “Everything I’ve ever not liked about him was – I swear to God – absent, at least on this night with this guy.” Continue reading...

Politics

1 week ago New tax rises warning as UK borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March - equal to £95,300 per household

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1 week ago New tax rises warning as borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March, says the ONS

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1 week ago The Guardian view on the IMF’s warning: Donald Trump could cost the world a trillion dollars | Editorial

The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaosWake up! When the most sober of global institutions, the International Monetary Fund, abandons its usual technocratic calm to sound the alarm on the political roots of global financial instability, it’s time to pay attention. The IMF is warning of a non-negligible risk of a $1tn hit to global output, as Donald Trump’s erratic “America first” agenda – part oligarchic enrichment scheme, part mobster shakedown – collides with a perfect storm of global financial vulnerabilities.Such a shock would be equivalent to a third of that experienced in the 2008 crisis. But it would be felt in a much more fragile and politically charged environment. This time, the crisis stems not just from markets but from the politics at the heart of the dollar system. The IMF’s latest Global Financial Stability Report sees the danger in Mr Trump’s trade ...

Events

1 week ago George Clooney hits back at Donald Trump's 'fake movie star' taunts

Hollywood icon George Clooney wasn't bothered as he responded to President Donald Trump's comments claiming he was a 'fake movie actor' and a 'rat'

Politics

1 week ago Fallout from Donald Trump's tariffs to hit UK economy harder than Europe

The downgraded forecasts make it more likely that Labour Chancellor Rachel Reeves will have to make further cuts or hike taxes in her autumn budget.

Politics

1 week ago Britain's growth outlook is slashed 0.5% by IMF in fresh blow to Rachel Reeves as she jets off to Washington for crunch talks as Trump's tariff war tests 'resilience of global economy'

Britain's growth outlook has been downgraded by the International Monetary Fund in a fresh blow for Labour - as Donald Trump's tariff wars deliver a severe hit to the global economy.

Politics

2 w. ago Nvidia expects to take $5.5bn hit as US tightens AI chip export rules to China

Shares plunge as firm says H20 chip, designed for Chinese market to comply with controls, will now need special licenceNvidia has said it expects a $5.5bn (£4.1bn) hit after Donald Trump’s administration barred the chip designer from selling crucial artificial intelligence chips in China, sending shares in one of the US’s most valuable companies plunging in after-hours trading.The company said in an official filing late on Tuesday that its H20 AI chip, which was designed specifically for the Chinese market to comply with export controls, would now require a special licence to sell there for the “indefinite future”. Continue reading...

Events

2 w. ago Trump and cabinet tear into CNN journalist Kaitlan Collins in Oval Office showdown

Donald Trump and his cabinet hit out at a CNN journalist during a tense Oval Office showdown after she asked about a man mistakenly deported to El Salvador.

Politics

2 w. ago Sony announces PlayStation 5 price to rise due to 'challenging economic environment'

It comes after the global stock market has taken a hit following new tariffs introduced by Donald Trump

Economics

3 w. ago The Chinese goods Americans most rely on, from microwaves to Barbies

Donald Trump’s tariffs will hit millions of video game consoles, electric fans and toys shipped to the US from China

Politics

3 w. ago Gold enjoys best week in five years as investors rush to safety

Even US Treasuries take a hit as Donald Trump’s tariff blitz shakes confidence in American assets

Economics

3 w. ago WARREN SHUTE: 'Don’t hit panic button just yet over Donald Trump tariffs'

Donald Trump has sparked a turbulent week for global stocks, but here is why financial planner Warren Shute says you shouldn't jump into impulsive decisions on your finances

Events

3 w. ago Gold hits record high as Donald Trump trade war with China intensifies

The price of the precious metal rose to above $3,200 an ounce as investors flock to the so-called 'safe haven' asset in the wake of the trade war between Washington and Beijing

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3 w. ago Trump admits ‘transition cost’ of tariffs as global markets sink again – business live

US stocks tumble once more after historic rally following US president’s shock retreat on ‘reciprocal’ tariffsUS stocks fall again after rally following Trump’s shock retreat on tariffsIn the UK, shoppers stayed away from the high street in March, a situation retailers said could worsen if the economic gloom caused by Donald Trump’s tariff war hits consumer confidence.Footfall fell 5% in March to extend a downturn in February that retailers said could be attributed to a recent rise in inflation and pressure on pay packets since a brief revival during the January sales.Global uncertainties resulting from tariffs and a potential economic slowdown could reduce the appetite for shopping trips in the coming months. Continue reading...

Economics

3 w. ago China hits out at 'threats and coercion' over Donald Trump's 104% tariffs

China's government has shared a white paper on the country's popular Weibo platform, spelling out the context of the trade war after President Donald Trump hit the country with record-high tariffs

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3 w. ago China hits back in Donald Trump trade war with HUGE new tariff on US goods

We'll be bringing you the very latest updates, pictures and video on this breaking news story.

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3 w. ago Donald Trump's tariffs war hits himself as he and Americans face fake tan price hikes

EXCLUSIVE: After announcing a tariff war which rocked the economic world, it has transpired Trump's own famous tan might be under threat as US citizens set to pay through the nose for tanning oils

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