3 h. ago Risk of ‘Trumpcession’ rising, economists say, as global markets fall

Donald Trump’s brinkmanship and stop-start approach to tariffs rattle investorsBusiness live – latest updatesThe risk that the US economy will enter recession this year is rising, according to economists, as Donald Trump’s chaotic approach to tariffs continued to hit markets.Shares on Wall Street fell sharply on Monday as investors bet the president’s unpredictable tariff trade war and handling of the economy would hit growth, amid a recent plunge in business and consumer confidence. Continue reading...

Politics

4 d. ago Christine McVie’s London Penthouse Hits the Market for £6.95 Million

Christine McVie’s London Penthouse Hits the Market for £6.95 Million  Mansion Global

Economics

5 d. ago Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk

Tariffs are dampening consumer confidence and fears of a downturn seem to be weighing on the dollarBusiness live – latest updatesNo sooner had historic 25% tariffs on imports to the US from Canada and Mexico come into force on Tuesday than the commerce secretary, Howard Lutnick, suggested the policy might be softened. Hours later, Donald Trump told Congress that the tariffs were “protecting the soul of our country”.They say it’s the hope that kills you, but for investors trying to make sense of the Trump administration’s economic policies, it’s the uncertainty. Continue reading...

Politics

5 d. ago Rachel Reeves warns Britain will not escape the pain of Donald Trump's trade wars as global markets tumble

It came as Mr Trump's swingeing new tariffs on imports from Mexico , Canada and China took effect - and all three countries said they would retaliate.

Events

5 d. ago US consumers warned to brace for higher prices due to Trump’s tariffs

Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and CanadaTrump’s Congress speech – latest updatesAmericans have been warned to brace for higher prices within days of Donald Trump pulling the trigger on Monday, imposing US tariffs on goods from Canada and Mexico and hiking tariffs on China.Global stock markets came under pressure again on Tuesday, with leading indices falling sharply – and the benchmark S&P 500 losing all its post-election gains – as Canada, Mexico and China vowed to retaliate, and investors balked at the prospect of an acrimonious trade war. Continue reading...

Events

6 d. ago FTSE 100 tumbles as Trump tariffs spark falls across global markets

The blue-chip index suffered its biggest falls since October 8 last year as markets across the world sank on the latest tariff news.

Politics

6 d. ago FTSE 100 Live 04 March: Tariffs halt index record run, Greggs slides despite £2bn sales

The launch of Donald Trump's long-threatened tariffs against Canada and Mexico today put global markets on edge.

Economics

6 d. ago FTSE 100 Live 04 March: Tariffs halt index record run, Greggs tops £2bn annual sales

The launch of Donald Trump's long-threatened tariffs against Canada and Mexico today put global markets on edge.

Economics

6 d. ago China and Canada announce reciprocal tariffs on US as Donald Trump's levies shake global markets

China announces it will impose additional tariffs of up to 15% on imports of key US farm products, including chicken, pork, soy and beef

Politics

2 w. ago ‘No longer on the margins’: how women are outperfoming men in Africa’s art market

In 2024, the top five highest-priced sales of African art were all by women, according to research, reflecting increased recognition and demand for their workWhen female African artists collectively surpassed men in auction sales in 2023 for the first time, many dismissed it as an anomaly. But the trend persisted. In 2024 women maintained a strong 52.8% share of sales, despite a broader decline in the African art market.“This shift marks a significant moment in art market history, particularly as global sales of women artists have not yet reached parity with men,” says Lindsay Dewar, chief operating officer of research company ArtTactic. “The African art scene stands out as a leader, where women artists are thriving and performing exceptionally well.” Continue reading...

Politics

2 w. ago ‘Dead white person’s clothes’ mount up as Ghana’s Kantamanto market struggles to rebuild after fire

Six weeks after a devastating blaze in Accra ripped through one of the world’s biggest secondhand markets, many stalls remain unfinished and thousands still have no income It was a blaze that left two people dead and destroyed the fabric of one of the world’s largest secondhand clothes markets. It also wiped out the livelihoods of tens of thousands of people in a matter of hours.Six weeks on from the 1 January fire in Ghana’s capital, Accra, the aluminium roofing has been replaced and wooden frames have been erected, but many stalls remain unfinished and empty. In the heart of the market, the sound of hammering and building work fills the air. Vendors mill around with little to sell. The narrow passageways – once so rammed with customers there was a stampede two months ago – are easy to pass through. Continue reading...

Events

2 w. ago Redrawing of global energy markets map set to heap benefits on US

The prospects of peace and the return of Russian gas looks likely to serve the interests of Donald TrumpThe Kremlin’s invasion of Ukraine three years ago has reverberated through the global energy industry; unravelling Europe’s decades-long reliance on gas imported via pipelines from Russia, and triggering a global squeeze on gas markets that unleashed a cost of living crisis still felt today.The prospect of a peace deal has many wondering whether the energy industry could be upended once again; this time giving way to a market serving the interests of the US president hoping to broker the deal. Continue reading...

Politics

2 w. ago FTSE 100 treads water after Andrew Bailey’s ‘weak growth’ warning for UK

The Bank of England governor also cautioned over the impact of ‘global fragmentation’ on the world economy as markets were broadly flat.

Events