42 h. ago Trump falsely claims grocery prices and rent are going down in winding speech on affordability

US president claims he has ‘defeated’ inflation as data released on Tuesday shows price of goods rose 2.7% in past yearDonald Trump is heading to Detroit, Michigan today, where he’ll tour a Ford factory in Dearborn.The president will deliver remarks to the Detroit Economic Club at 2pm ET, to continue his “affordability” tour, where he’s expected to tout the administration’s commitment to revitalising manufacturing and keeping costs down. Continue reading...

Politics

42 h. ago Donald Trump gives remarks on affordability in Detroit – US politics live

US president claims he has ‘defeated’ inflation as data released on Tuesday shows price of goods rose 2.7% in past yearDonald Trump is heading to Detroit, Michigan today, where he’ll tour a Ford factory in Dearborn.The president will deliver remarks to the Detroit Economic Club at 2pm ET, to continue his “affordability” tour, where he’s expected to tout the administration’s commitment to revitalising manufacturing and keeping costs down. Continue reading...

Politics

51 h. ago Eleven central bank chiefs defend Fed’s Jerome Powell over DoJ investigation; oil hits two

Rolling coverage of the latest economic and financial news, as Trump says countries doing business with Iran face 25% tariff on US tradeGlobal central bank officials are reportedly planning to release a coordinated statement of support for US Federal Reserve Chair Jerome Powell, after America’s top central banker was threatened with a criminal indictment.Reuters is reporting that the statement, which is expected to contain the signatures of central bankers from around the world, will back Powell and stress the need for independent central banking. Continue reading...

Events

57 h. ago Greenland is Europe’s credibility litmus test – it must show Trump that aggression carries a price | Fabian Zuleeg

In the new dog-eat-dog world order, appeasement doesn’t work. Time for the EU to grow upFabian Zuleeg is chief executive of the European Policy CentreDonald Trump’s intervention in Venezuela is not a one-off shock. It epitomises his approach of interventionist isolationism based on a revisionist, neo-nationalist agenda in which power is exercised bluntly, international rules are optional and alliances are transactional. In such a dog-eat-dog world, hesitation and ambiguity do not stabilise the system; they become vulnerabilities to be exploited by a volatile and predatory Washington.The seizure of Venezuela’s president, Nicolás Maduro, combined with Trump’s renewed musings about acquiring Greenland, potentially by using the US military, should dispel any lingering illusion that this is merely erratic behaviour. It reflects a worldview in which sovereignty is conditional, spheres of influence are legitimate, and coercion is normalised when it delivers results in the interest of Trump...

Politics

3 d. ago What to know about the gold markets as prices reach record highs

Gold prices have soared to record highs amid global political tensions

Economics

7 d. ago Ferrari once owned by Donald Trump heads to auction with an estimated $1 million price tag

Trump’s red Ferrari F430, with 9,506 miles, comes with the original title signed by him

Economics

8 d. ago Oil price falls after Trump says Venezuela will send supply to US – business live

Rolling coverage of the latest economic and financial news, as Brent crude drops back to $60 a barrelVenezuela ‘turning over’ $2bn in oil to US, Trump says, in move that could cut supply to ChinaDonald Trump’s “gunboat diplomacy” in Venezuela shows that securing access to critical natural resources such as oil is now a key priority for Washington, say analysts at Unicredit.They point out, in a note to clients, that the toppling of Venezuelan President Nicolás Maduro marked a decisive break with the rules‑based international order, ushering in a more assertive, America‑First form of hegemony across the western hemisphere.Given that China was the main buyer of smuggled Venezuelan oil and is Caracas’s principal creditor, the move is clearly intended to send a strong signal to Beijing, which has ambitious plans in South America, particularly in resource‑rich countries such as Peru.In 2023, China and Venezuela formalised an “all‑weather strategic partnership”. Beijing also used oil trade...

Politics

9 d. ago Delcy Rodríguez strikes conciliatory tone with US after Trump warning

Venezuela’s interim leader offers to work with US after Trump threatened that she could pay ‘very big price’Analysis: Delcy Rodríguez must walk tightrope as Venezuela’s interim leaderVenezuela’s acting president, Delcy Rodríguez, has offered to work with the US, dialing down the confrontational tone she intially adopted after the capture of the dictator Nicolás Maduro.In a statement late on Sunday, Rodríguez said she had “invited the US government to work together on an agenda of cooperation”. Continue reading...

Events

1 week ago Acting president of Venezuela named as Delcy Rodríguez as Donald Trump sends 'big price' warning

She called the US rendition of Nicolás Maduro a 'kidnapping' and an illegal act of aggression - Rodríguez chaired an emergency meeting over the weekend in Venezuela

Events

1 week ago Trump says Venezuelan vice president ‘will pay bigger price’ than Maduro ‘if she doesn’t do what’s right’: Live updates

President Donald Trump claimed the US will “run” Venezuela now that Maduro has been captured

Politics

1 week ago Donald Trump warns of ‘big price to pay’ if Caracas fails to toe line

Washington keeping 15,000-strong military presence in Caribbean in case interim president hinders US objectivesUS politics liveThe prospect of the United States seizing direct control of Venezuela appeared to recede on Sunday after the shocking seizure of President Nicolás Maduro – but US officials said Washington was keeping a 15,000-strong force in the Caribbean and might make a fresh military intervention if Venezuela’s interim president, Delcy Rodríguez, did not accommodate their demands.While Rodríguez kept up a defiant tone in public, the substance of conversations she had had in private with US officials was not clear. Continue reading...

Events

1 week ago New deadline for White House ballroom approval set as construction prepares to begin

Donald Trump has recently upped the price for his ballroom to $400 million from $200 million

Events

3 w. ago US farmers say Trump’s $12bn package not enough to undo damage from tariffs

Thousands of farms set to go bankrupt as grain farmers in particular hit by trade disruptions caused by price hikesDonald Trump, having promised to “NEVER LET OUR FARMERS DOWN”, appeared to come through for them this month when he unveiled a $12bn aid package. Industry leaders say thousands of farms will still go bust this year.While the US president has vowed to increase domestic farm production, and even claimed this formed a “big part” of his plan to lower grocery prices for Americans, many US farmers are grappling with mounting financial issues – compounded by Trump’s agenda. Continue reading...

Politics

3 w. ago Inflation is up 2.7% over the last year despite Trump’s claims ‘prices are down’

Prices on numerous goods spike as the labor market continues to be sluggish

Economics

3 w. ago Inflation is up 2.7% from last year despite Trump’s claims ‘prices are down’

Prices on numerous goods spike as the labor market continues to be sluggish

Economics

4 w. ago Ranchers in Texas are turning against Trump as price of beef plummets

Moves by President Donald Trump to bring down costs for consumers risk alienating agricultural sector, a key voting bloc on whom he has depended in the past

Politics