81 m. ago It could set the industry back 50 years: fashion braces for impact of Trump tariffs

From farmers to designers, the entire supply chain will be hit – but it is unclear what duties apply to a finished productFirst it was steel producers. Then automobiles. Now the fashion industry has been left reeling from Donald Trump’s announcement on Wednesday that he was imposing tariffs on more than 180 countries including severe levies aimed at some of fashion’s biggest manufacturing regions.Trump’s “liberation day” tariffs included a 10% duty on all imports to the US but “worst offender” countries – those with whom America has bigger trade deficits – face a higher rate. Several of these are key to fashion’s supply chains. China, where everyone from Prada to Zara outsource production, faces a 54% duty. Vietnam, where more than half of Nike’s footwear was produced last year, will be subject to a 46% tariff. Pakistan, a key manufacturer of denim items, will be hit with a 29% duty. Bangladesh, where garment manufacturing makes up to 80% of its total exports, will be subjected to 3...

Politics

2 h. ago Another Republican edges away from Trump: Senator Kennedy sounds alarm on plunging market

Kennedy joins a small but growing group of Republican lawmakers getting restless over Trump levies and the market meltdown

Politics

3 h. ago Historic stock plunge leaves Americans rattled after Trump tariff announcement: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $6 trillion in two days

Politics

6 h. ago As Trump's tariffs trigger market meltdown, leading bank warns there is now a 60 per cent chance of a global recession

As the market meltdown triggered by Donald Trump's trade war accelerated, the FTSE 100 suffered its sharpest drop since the outbreak of the pandemic.

Economics

7 h. ago Forgotten retro tech stored in your loft that can now fetch hundreds of pounds

Gadgets from decades ago are in demand from collectors and nostalgia hunters, with some phones or game consoles from the 80s and 90s now worth a small fortune

Politics

7 h. ago Brits demand UK release of medical drama The Pitt dubbed 'best show in years'

The Pit has been airing on HBO Max in the United States since the start of January this year but many Brits are yet to see it as it's not been given a UK release date yet

Events

8 h. ago Gorilla statue thieves thwarted minutes after stealing £399 ornament from market

Two thieves were caught on CCTV stealing a large garden gorilla ornament from an indoor market in Darlington last Tuesday (25 March).

Economics

8 h. ago Big Tech, banks and small caps end week in bear market territory

Fed chief Jay Powell warns that Trump’s levies will slow US growth and increase inflation

Economics

8 h. ago Americans watch in horror as savings are WIPED OUT as Wall Street chaos sees trillions more dollars evaporate

U.S. stocks crashed again on Friday, signaling another round of selloff on Wall Street.

Events

8 h. ago Stock market closes week in bloodbath as Trump’s tariffs cause historic two

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Politics

8 h. ago Trump’s tariffs rollout sees stock market suffer worst week since 2020 as Dow drops 2,200 points by close: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stock markets plummeting and wiping out $5 trillion in two days

Politics

9 h. ago Trump tariffs live: Global stocks sink and FTSE sees biggest drop since Covid pandemic on second day of market turmoil

Beijing hits back after president’s ‘Liberation Day’ wipes $2.4trn from S&P 500, in biggest one-day loss since March 2020

Politics

10 h. ago Trump tariffs rollout sees $5 trillion wiped from stock market in two days: Live updates

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Economics

10 h. ago Dow Jones has lost 2,000 points on Friday as stock bloodbath continues in wake of Trump’s tariffs

Friday’s stock market comes after a historically bad day as investors react to Trump’s tariff plan

Politics

10 h. ago Hedge funds hit with steepest margin calls since 2020 Covid crisis

Banks ask clients to stump up additional money as global market sell-off knocks value of holdings

Events

11 h. ago China hits back hard at ‘bullying’ Trump tariffs as global recession fears grow

Beijing imposes punitive 34% extra tariffs on all goods imported from US, exacerbating stock market sell-offBusiness live – latest updatesUS politics live – latest updatesChina has hit back hard against Donald Trump’s “bullying” tariffs, raising fears that the escalating trade war could trigger a global recession and prompting fresh turmoil in financial markets.Beijing retaliated on Friday with punitive 34% additional tariffs on all goods imported from the US – mirroring the US decision and exacerbating a sell-off on global stock markets. Continue reading...

Politics

12 h. ago Think twice before bailing out of the stock market, financial advisers say

The huge swings rocking Wall Street and the global economy may feel far from normal

Economics

12 h. ago JPMorgan now predicts a 60 percent chance of a recession this year as Trump’s tariffs rock stock market

The Dow Jones fell 1,000 points at opening on Friday as investors reels from Trump’s tariff announcement

Economics

12 h. ago BBC and ITV opt against bids to televise Fifa Club World Cup in summer

Dazn has global rights and will show games on appDazn remains confident of securing agreementThe BBC and ITV have declined to pursue the chance to televise this summer’s Club World Cup, leaving Fifa increasingly concerned about the visibility of its flagship new tournament in a key market.The streaming platform Dazn agreed to pay $1bn (£787bn) for global Club World Cup rights in a deal which involved the company pledging to make all 63 matches available free-to-air on its app. Continue reading...

Politics

12 h. ago Believe it or not, there are some winners in the stock market this week

Most of the numbers on Wall Street this week were red, but not all of them

Politics