11 h. ago Power begins to return to Spain and Portugal after unprecedented blackout

The outage, blamed by operators on temperature variations, left tens of millions without electricitySpain’s prime minister, Pedro Sánchez, has said “everything possible is being done” overnight to restore power to all parts of the country following an unprecedented regional blackout that left tens of millions of people across the Iberian peninsular without power.Speaking late on Monday night, Sánchez said the idea was to get the power back on across Spain on Tuesday, adding that 50% of the national electricity supply had been restored in the past few hours. Continue reading...

Politics

3 d. ago As it happened: Coffin of Pope Francis sealed after 250,000 pay homage to head of Catholic Church

Pope Francis’s coffin was sealed after a quarter of million people visited the late spiritual leader, as heads of state fly in to attend Saturday’s ceremony in St Peter’s Square

Politics

3 d. ago Pope Francis funeral latest: Pontiff’s coffin sealed after 250,000 pay homage to head of Catholic Church

Pope Francis’s coffin was sealed after a quarter of million people visited the late spiritual leader, as heads of state fly in to attend Saturday’s ceremony in St Peter’s Square

Politics

6 d. ago SNP say Labour must ‘wake up to economic reality’ as IMF slashes global growth forecasts

The Chancellor will head to the US this week

Economics

6 d. ago US, global economic outlook worsens in the face of Trump's tariffs, IMF says

The outlook for the U.S. and global economies this year and next has significantly worsened in the wake of President Donald Trump’s tariffs and the uncertainty they have created

Economics

2 w. ago BP dropped its green pledges and turned back to oil. Now the price of crude has collapsed

At its AGM this week, the company will face not only the activist investor at its heels, but a global economy being changed from the White HouseAfter Donald Trump’s “liberation day” on Wednesday last week, BP lost almost a quarter of its market value in a share price rout even deeper than the oil giant endured in the wake of the Deepwater Horizon disaster. The collapse in global oil prices in the wake of the US president’s ­tariff blitz may have wiped billions from its ­market value – but Trump isn’t BP’s only problem.The oil company will face shareholders this week for the first time since it bowed to investor pressure to abandon its green energy ambitions in favour of a return to fossil fuels, and its chair, Helge Lund, agreed to step down from the board. Continue reading...

Politics

3 w. ago Trump officials claim 50 nations want to start US trade talks as Starmer vows to protect UK businesses

Back in Britain, the Prime Minister has pledged to ‘turbocharge plans that will improve our domestic competitiveness’ in the wake of Trump’s tariffs and fears of a global trade war

Politics

3 w. ago Era of globalisation ‘at an end’, says UK minister, as countries mull tariff responses – live updates

Darren Jones says age of ‘fast-fashion or cheap TVs’ is over and people should be prepared for tougher times to come amid market turmoilStarmer orders economic reset amid Trump’s tariff mayhemDarren Jones, chief secretary to the Treasury, was also interviewed by Sky News’ Trevor Phillips this morning. He said the UK had been “treated differently to the European Union” as a result of Brexit. As a reminder, Trump has imposed a 10% tariff on UK goods but a 20% tariff on EU goods.Asked if the lower 10% tariff imposed by the US was a “Brexit dividend”, the chief secretary to the Treasury said:It is, there’s one. I’ve struggled to find one in the past but there is one we’ve ended up with.It’s good, but what we’re not going to do is pick or trade off the United States or the European Union.People should be prepared for things to be tougher in the global economy.Globalisation has “come to an end” in the wake of the new tariffs. Asked if the era of “cheap fast-fashion or cheap TVs” was over,...

Politics

3 w. ago FTSE 100 suffers worst day in FIVE YEARS as global markets go into meltdown over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics

3 w. ago Sage DOWN as pay could be late for millions in wake of 'global' system crash

Issues are being reported by employees using Sage Payroll after many said they were unable to access their money on payday - the company said it was 'currently investigating'

Events

3 w. ago US markets tumble further as global meltdown continues over Donald Trump's trade war

Wall Street opened sharply lower as fears of a global recession mounted in the wake of the US President's extraordinary assault on allies and foes alike.

Politics