61 m. ago China says it will ‘fight to the end’ after Trump threatens additional 50% tariffs – business live

Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmailTrump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Politics

2 h. ago QUENTIN LETTS: The poohbahs were like aristocratic ladies confronted by the pong of fish

Bumpy sort of day for our political class. Stock markets were diving like guillemots and Net Zero sprang a leak - Labour was doing a reverse-ferret on electric car rules.

Events

3 h. ago China says it will not bow to US pressure after Trump threatens additional 50% tariffs – business live

Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn’t retract planned countermeasures, as markets brace for further volatilityTrump threatens additional 50% tariffs on China over retaliatory leviesJapan’s benchmark Nikkei 225 index has now risen 3%, AFP is reporting.The uptick comes after financial markets across the globe posted a third day of losses on Monday as investors worried that steep trade barriers around the world’s largest consumer market could lead to a recession. Continue reading...

Events

4 h. ago The chart that shows how clever Warren Buffett is as rival billionaires Elon Musk and Jeff Bezos reel from Trump's tariffs

Warren Buffett made some smart moves in the stock market over the last year, as he became the only billionaire among the world's richest whose net worth increased in recent days.

Politics

6 h. ago How actual 'fake news' sent Wall Street on a $2.4 trillion rollercoaster in just 15 minutes

Wall Street saw wild trading with the Dow Jones swinging 2,500 points between its highs and lows.

Politics

7 h. ago Seesaw day ends with Dow down as Trump’s tariff reports send stock markets on wild swings

Claims that Kevin Hassett said Donald Trump is considering a 90-day pause on tariffs are ‘fake news’

Politics

7 h. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

7 h. ago Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession

Economics

7 h. ago Volatility grips global stock markets as Trump insists on tariff ‘medicine’

Wall Street swings in and out of red as turmoil from US president’s assault on world trade enters second weekTrump threatens additional 50% tariffs on China over retaliatory leviesWhich Trump-backing billionaires have lost the most?Extreme volatility plagued global stock markets on Monday, with Wall Street swinging in and out of the red as Donald Trump defied stark warnings that his global trade assault will wreak widespread economic damage, comparing new US tariffs to medicine.A renewed sell-off began in Asia, before hitting European equities and reaching the US. It was briefly reversed amid hopes of a reprieve, only for Trump to threaten China with more steep tariffs, intensifying pressure on the market. Continue reading...

Politics

8 h. ago Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Larry Fink says most CEOs he talked to agreed with assessment; US indexes see sharp ups and downs; UK index loses nearly 4.5% US politics live: Trump threatens China with additional tariffsVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

8 h. ago Global trade war escalates as Trump threatens China with '104% tariffs'

The White House confirmed that with previous hikes in tariffs on China, the total Beijing was now being threatened with would be 104%.

Events

8 h. ago Are we heading for another 2008? The context behind Trump’s £6.4 trillion stock market collapse

Historical downturns in stock markets have been followed by recoveries – but timeframes can be uncertain

Economics

8 h. ago The US president must act now to prevent his ‘Trump Slump’ becoming a global one

Editorial: As confidence drains from the world economy, the stock market contagion sparked by Donald Trump’s tariffs could yet spread to the banks, with a trade recession joined by a credit crunch. If he presses on, the dangers are unthinkable

Politics

9 h. ago How do you price the risk of ‘economic nuclear winter’? The market hasn’t a clue | Nils Pratley

While US bosses look terrified of being labelled unpatriotic over Trump’s tariffs, stock markets are trading on guessworkVolatility grips global stock markets as Trump insists on tariff ‘medicine’What is the correct level of fall in the stock market if the US president declares economic war on the rest of the world even at the risk of causing a recession in his own country? Does 10% capture it? Or 12%, which was roughly the S&P 500 index’s three-day decline by the time the London market closed on Monday? Or 15%? How about 20%? More? A lot more?During three straight days of heavy falls in the share prices everywhere, a striking feature has been the absence of wise old market heads popping up to argue that the panic is perhaps a little overdone and fair value is emerging. Instead, the collective mood is stuck in bewildered mode for understandable reasons. Continue reading...

Economics

9 h. ago Global recession fears as markets plunge on Trump’s tariff ‘medicine’

Banks warn of slowdown but president threatens to escalate trade war with China by imposing even higher import taxes

Economics

10 h. ago Keir and Rachel remain upbeat amid He Who Cannot Be Named | John Crace

Right now, Starmer and the rest of the world are being played by The DonaldUK politics live – latest updatesGlobal headwinds. If only. More like a quarter-witted, human tsunami. Keir Starmer and Rachel Reeves may still be unwilling to mention He Who Cannot Be Named. But this is no natural disaster. It’s one entirely created by the lunatic in the White House.World stock markets down by another 4% on Monday. A war zone. The chart looks like someone has been shot while holding the tracker. Buckle up for the Next Great Depression. Where the only winners are the traders betting on markets going still lower and the vultures trying to buy up bankrupt businesses. The one bright side? The UK is no longer top of the charts for the single most stupid decision made by a G7 country in the last 80 years. Drinks all round. Continue reading...

Politics

10 h. ago Keir and Rachel stay upbeat amid chaos caused by He Who Cannot Be Named | John Crace

Right now, Starmer and the rest of the world are being played by The DonaldUK politics live – latest updatesGlobal headwinds. If only. More like a quarter-witted, human tsunami. Keir Starmer and Rachel Reeves may still be unwilling to mention He Who Cannot Be Named. But this is no natural disaster. It’s one entirely created by the lunatic in the White House.World stock markets down by another 4% on Monday. A war zone. The chart looks like someone has been shot while holding the tracker. Buckle up for the next Great Depression, where the only winners are the traders betting on markets going still lower and the vultures trying to buy up bankrupt businesses. The one bright side? The UK is no longer top of the charts for the single most stupid decision made by a G7 country in the last 80 years. Drinks all round. Continue reading...

Events

10 h. ago Donald Trump threatens China with '104% tariffs' with global markets in Black Monday meltdown

The White House confirmed that with previous hikes in tariffs on China, the total Beijing was now being threatened with would be 104%.

Politics

11 h. ago Stock market volatility deepens as Wall Street faces rollercoaster opening

The US’s S&P 500 had major swings on Monday.

Politics

11 h. ago Donald Trump threatens China with 50% extra tariffs with global markets in Black Monday meltdown

Economic experts are already comparing Trump’s tariffs to Liz Truss’ disastrous economic policy which saw her swiftly forced to resign as Prime Minister

Politics