17 h. ago Modi and JD Vance hail ‘significant progress’ in trade negotiations

Visit to India by vice-president and family could be overshadowed by US visa tensions and farmer protestsIndia’s prime minister, Narendra Modi, and US vice-president JD Vance have hailed “significant progress” in negotiations toward a bilateral trade agreement, a deal that could help India avoid sharp tariff hikes announced by President Donald Trump.Vance, accompanied by second lady, Usha Vance, and their children – Ewan, Vivek, and Mirabel – landed in the Indian capital earlier on Monday for a four-day visit combining high-level negotiations with family sightseeing. They were received at the airport by railways minister Ashwini Vaishnaw. Vance stood under a red canopy that shielded him from the blazing sun as soldiers saluted and a military band played the US anthem. Continue reading...

Politics

45 h. ago ‘Sell America’: investors are increasingly avoiding the US – here’s what it means for Australian markets

After decades as a safe haven, Donald Trump’s economic upheaval has some traders looking to put their money elsewhere – and countries looking to decouple their economiesElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastAt the same time as Australians are cutting back on plans to visit the US under Donald Trump, a new type of investment strategy designed to avoid America is fast gaining popularity.The “sell America trade”, an expression that barely existed before Trump spooked markets by unveiling his new tariff regime late on 2 April, is now a common expression among traders and appears regularly in investment notes to explain the day’s price movements. Continue reading...

Economics

1 week ago Trump to sign executive orders aimed at boosting the coal industry – US politics live

President speaks in White House framed by coal minersThe European Union still wants to avoid a trade war with the United States despite Donald Trump’s administration’s rejection of the “zero for zero” offer on all industrial goods put forward by Brussels, an EU spokesperson told reporters on Tuesday.White House trade adviser Peter Navarro said on Monday that the European Union needed to lower its non-tariff barriers, including those created by value-added taxes and food safety regulations, if it wanted to reach a deal. Continue reading...

Politics

1 week ago Trump ‘waiting for China to call’ as deadline to avoid 50% extra tariff passes – US politics live

US president had threatened to impose extra levies unless China withdrew its 34% retaliatory tariffs todayThe European Union still wants to avoid a trade war with the United States despite Donald Trump’s administration’s rejection of the “zero for zero” offer on all industrial goods put forward by Brussels, an EU spokesperson told reporters on Tuesday.White House trade adviser Peter Navarro said on Monday that the European Union needed to lower its non-tariff barriers, including those created by value-added taxes and food safety regulations, if it wanted to reach a deal. Continue reading...

Politics

2 w. ago Two more law firms reach deals with Trump to avoid executive orders: ‘They’re all bending’

Settlements, one with Doug Emhoff’s firm, come as many fear Trumps’s effort to target firms affiliated with his rivalsTwo more legal firms have reached agreements with Donald Trump to avoid executive orders that could significantly harm their business.The settlements come as many have expressed deep alarm at the president’s effort to target law firms affiliated with his political rivals and see the actions as a thinly-veiled anti-democratic effort to intimidate lawyers from taking cases hostile to the administration. Continue reading...

Economics

4 w. ago Britons cutting back on spending as confidence in economy falls, survey shows

Most feel financial secure but think UK’s economy is worsening, as chancellor plans welfare cuts in spring statementConsumers are cutting back spending on everyday items amid falling confidence in the UK economy before Rachel Reeves’s spring statement, according to a survey.As the chancellor prepares to confirm billions of pounds in cuts to welfare and government spending on Wednesday, the research by KPMG showed growing numbers of people in Britain believed the economy was heading in the wrong direction. Continue reading...

Economics

last month Rachel Reeves fails to rule tax changes for US tech giants to avoid Donald Trump tariffs

Chancellor Rachel Reeves and UK minister are desperately seeking to strike a deal with the White House to carve the UK out of the Donald Trump's plan to impose tariffs on all US imports

Politics

last month Rachel Reeves fails to rule out tax changes for US tech giants to avoid Donald Trump tariffs

Chancellor Rachel Reeves and UK minister are desperately seeking to strike a deal with the White House to carve the UK out of the Donald Trump's plan to impose tariffs on all US imports

Politics

last month Rachel Reeves ‘confident’ the UK can avoid Donald Trump’s tariffs

Labour chancellor did not rule out reforming tax on tech companies, like those owned by US President’s ‘first buddy’ Elon Musk

Politics