1 hour ago Trump threatens 17% tariffs on food and farm produce exports from Europe

EU says it ‘favours a negotiated solution’ but is prepared for potential trade war with retaliatory dutiesDonald Trump threatened to impose 17% tariffs on food and farm produce exports from Europe during talks in Washington this week, it has emerged.Such tariffs would hit everything from Belgian chocolate to Kerrygold butter from Ireland and olive oil from Italy, Spain and France, all big sellers in the US. Continue reading...

Politics

31 h. ago Revealed: The true cost of Trump’s tariffs on UK small businesses

Exclusive: SMEs are increasingly looking to export to China, while exchange rates are playing havoc with profit margins

Economics

3 d. ago Fed chair Jerome Powell blames Trump tariffs for failure to cut US interest rates this year – business live

Rolling coverage of the latest economic and financial newsUS dollar has worst first half in more than 50 years amid Trump tariffsSainsbury’s has recorded its strongest growth since last summer after its Argos chain recorded a big step up in sales as shoppers sought out paddling pools and fans during recent hot weather.The retail group said Argos, its catalogue shop, was able to achieve growth of 4.4% in the three months to 21 June, up from 1.9% in the previous quarter. Comparable group sales, excluding fuel, rose 4.7% on a year earlier.Companies have now expanded production slightly for the fourth month in a row, order intake has ceased to fall, and slightly longer delivery times also indicate that demand is picking up a bit.Against the backdrop of numerous uncertainties - US tariffs, the crisis in the Middle East, and Russia’s ongoing war against Ukraine - this can certainly be seen as a sign of resilience. Continue reading...

Politics

4 d. ago Survey reveals true cost of children’s sports – and which is the most expensive

Parents are shelling out hundreds of pounds to support their children’s hobbies

Politics

7 d. ago Business news live: Nike fears $1bn Trump tariff hit, plus why oil prices are now rebounding

Stock markets latest updates and business news on Friday

Economics

8 d. ago Trump tariffs: US economy saw stark drop in GDP growth as businesses rushed to secure imports

Revised data shows economy shrank more than previously thought as president’s global trade war loomed and consumer spending softened

Economics

3 w. ago 2020s on course to be weakest decade for global economy since 1960s, says World Bank

Washington-based lender cuts its forecast for world GDP growth, blaming Donald Trump tariffsBusiness live – latest updatesThe World Bank has cut its forecasts for growth, blaming Donald Trump’s trade war and says the 2020s are on course to be the weakest decade for the global economy since the 1960s.In its twice-yearly Global Economic Prospects report, the Washington-based lender reduced its forecast for global GDP growth this year to 2.3%, down from 2.7% in January. Continue reading...

Economics

3 w. ago Trump tariffs could ‘wipe out’ European steel sector, senior industry figure says

ThyssenKrupp executive warns of ‘collateral damage’ to supply chains and urges protective action on energy pricingEurope’s steel industry faces being “wiped out” in the face of Donald Trump’s prohibitive 50% tariffs, high energy costs and a mountain of cheaper Chinese steel, one of Germany’s biggest industrial groups has warned.Ilse Henne, a board member at the steel, engineering and chemicals group ThyssenKrupp, said the industry faced an existential crisis after the US president’s decision last week to double tariffs on steel and aluminium imports from 25% to 50%. Continue reading...

Politics

3 w. ago True cost of Glazers' failings at Man Utd revealed as Jim Ratcliffe bids to solve crisis

A new analysis of Manchester United's financial figures show that approximately £1.2bn cash has been paid out by the club since the Glazers' arrival in June of 2005

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