10 h. ago Trump live updates: Fears mount as stock markets brace for president’s ‘liberation day’ tariffs announcement

Trump prepares sweeping round of reciprocal tariffs that threatens to trigger U.S. recession and global trade war, as Speaker Mike Johnson says, ‘You have to trust the president’s instincts on the economy’

Politics

10 h. ago PM braces for Trump to drop the bomb: Starmer admits UK WON'T be spared tariffs as Chancellor warns of huge hit to stalling economy

Keir Starmer has acknowledged the 'likelihood' that Britain will face hugely damaging levies on exports to the US on the president's so-called 'Liberation Day'.

Events

16 h. ago Global cost of Trump trade war ‘could reach $1.4tn’; tariff fears hurt UK factories – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

20 h. ago Large majority of Europeans support retaliatory tariffs against US, poll finds

Survey shows between 56% and 79% across seven countries in favour if Trump introduces ‘Liberation Day’ leviesA large majority of western Europeans support retaliatory tariffs against the US, a survey has shown, if Donald Trump introduces sweeping import duties for major trading partners as expected this week.The US president appears likely to unleash a range of tariffs, varying from country to country, on Wednesday, which he has called Liberation Day. He also said last week that a 25% levy on cars shipped to the US would come into force the next day. Continue reading...

Economics

21 h. ago Starmer admits UK will face Trump tariffs this week amid global recession fears: Live updates

Donald Trump will unveil sweeping tariffs on any country that ‘treats the US unfairly’ on Wednesday

Politics

37 h. ago Starmer admits UK will face Trump tariffs this week as US president sparks global recession fears: Live

Markets tumble across UK, Europe and Asia after Trump announced he is set to impose a barrage of high tariffs on imported goods from around the world

Politics

38 h. ago Markets tumble in UK, Europe and Asia as Trump tariffs stoke fears of global recession: Live

US president announces he is set to impose various high tariffs on imported goods from around the world to counter trade practices that his government deems unfair in escalating trade war

Economics

39 h. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump tariffs fuel recession fears – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nations, and Goldman Sachs say US recession more likelyWall Street shrinks in response to price pressures, stoking fears of Trump tariffsSwiss bank UBS has cut its forecast for the US stock market’s gains this year.Having previously forecast the S&P 500 shares index would end the year at 6,600 points (which would have been a 12% gain in 2025), UBS have now cut their end-year target to 6,400 points.“After considering the effects of tariffs and slower growth data so far in 2025, we now expect 6% earnings per share growth, and we have accordingly reduced our year-end target for the index to 6,400 (from 6,600).But this also means that there is still meaningful upside for broad US equities by year-end, in our view.”The Nikkei closed down 4%, while European indices are a sea of red. The sell off is broad based, with more than 550 of the Eurostoxx 600 stocks lower as investors take...

Economics

42 h. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump trade war riles investors – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nationsWall Street shrinks in response to price pressures, stoking fears of Trump tariffsEurope’s main stock indices are a sea of red, as investors react to Donald Trump’s declaration that the reciprocal tariffs he is set to announce this week will include all nations.Italy’s FTSE MIB index has dropped 1.4%, France’s CAC is down 1%, and Germany’s DAX has lost 0.95%.The tariffs imposed by the U.S. government and the fear of new announcements as early as Wednesday are creating a bleak atmosphere on trading floors worldwide. Just last Wednesday, the DAX was above 23,000 points, but it now appears that the index may soon test the 22,000 mark.The risk appetite seen in the initial weeks of the year has dissipated as investors and asset managers pull back, reduce positions, and refrain from taking on large new ones. The inclination to buy the dips has nearly vanished. Continue reading...

Economics

3 d. ago GRANDA KEV: I live in fear of my grandson waking... because I can't breastfeed'

The Mirror's Granda Kev reflects on the difficulties of grandparent duties and the fear the baby could wake wanting something that he's unable to give. Just like Stan in The Life of Brian, he'll never be able to breastfeed

Politics

4 d. ago US consumer confidence hit by tariff fears; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

4 d. ago Starmer ‘disappointed’ Sentencing Council won’t change guidelines that have prompted fears of two tier justice – UK politics live

Justice secretary says ‘all options are on the table’ and threatens to change law Keir Starmer has said that he is “disappointed” at the Sentencing Council’s refusal to agree to the government’s request to withdraw the guidelines that have led to claims it is promoting “two-tier” justice. (See 11.44am.) Asked about the Sentencing Council’s letter this morning, he said:Look, I’m disappointed in this response, and the lord chancellor is obviously continuing to engage on this, and we’re considering our response.All options are on the table. I’m disappointed at this outcome, and now we will have to consider what we do as a result.Farage wants you to eat chlorinated chicken just so he can keep licking the boots of his idol Donald Trump. It’s so pathetic and unpatriotic. Continue reading...

Politics

4 d. ago Bangkok earthquake LIVE: State of emergency after 7.7 magnitude as thousands feared dead

People are being told to evacuate high-rise buildings and governor orders hospitals to evacuate patients immediately if cracks are found after huge earthquake in Myanmar

Events

4 d. ago Bangkok earthquake LIVE: Thousands feared dead in state of emergency after 7.7 magnitude

People are being told to evacuate high-rise buildings and governor orders hospitals to evacuate patients immediately if cracks are found after huge earthquake in Myanmar

Events

5 d. ago Rachel Reeves issues response after UK hit by more US tariffs by Donald Trump

Earlier this week, the US President introduced 25% tariffs on car imports to the US.

Politics

1 week ago Trump’s executive order to dismantle Department for Education sparks fears for students – live

Eliminating department, which distributes billions in federal money to schools and manages federal student loans, would likely require act of CongressDefense secretary Pete Hegseth said late Thursday that he would be meeting with billionaire Elon Musk at the Pentagon Friday to discuss “innovation, efficiencies & smarter production.”Musk, a top adviser to President Donald Trump, and his Department of Government Efficiency have played an integral role in the administration’s push to dramatically reduce the size of the government. Continue reading...

Politics

2 w. ago ‘A nightmare come true’: Palestinians flee again after Israel’s attacks on Gaza

Thousands displaced once more as wave of airstrikes ends ceasefire, killing hundreds and raising new fears about aidMiddle East crisis – live updatesThousands of Palestinians were on the move in Gaza on Tuesday, after a wave of Israeli airstrikes signalled the end of almost two months of calm in the devastated territory. Many were newly bereaved, and most had been displaced many times.Like others in Gaza, Ghaitam, a 19-year-old from a village near the southern city of Khan Younis, said he was woken at about 2am by the sounds of warplanes, explosions and screaming. “It was a nightmare that came true,” he said. Continue reading...

Politics

2 w. ago Haunting new details in tragic case of Harshita Brella brutally murdered and discovered in car boot

New information has been revealed in the search for Pankaj Lamba, who remains the chief suspect in the murder of his wife, Harshita Brella. Meanwhile, Harshita's heartbroken family continue to live in fear of retaliation

Events

2 w. ago FTSE 100 Live 14 March: Gold price milestone, GDP setback as Berkeley urges rate cut clarity

Recession fears stalked the City today after official figures showed the UK economy went back into reverse in January.

Politics

2 w. ago FTSE 100 Live 14 March: Gold price record, GDP falls as Berkeley urges rate cut clarity

Recession fears stalked the City today after official figures showed the UK economy went back into reverse in January.

Politics