8 h. ago Trump says Samsung and other smartphone manufacturers will also be subject to 25% Apple tariff – business live

US president says 50% tariff on EU goods to come in 1 June; Apple iPhones and those of other manufacturers made overseas to face 25% tariffTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Ne...

Economics

9 h. ago European markets suffer losses after Trump ‘recommends’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net export...

Economics

11 h. ago Stock markets slump after Donald Trump threatens EU with 50% tariffs

The US president said on Friday that discussions with the bloc were ‘going nowhere’ and that the tariffs would take effect on June 1.

Politics

11 h. ago Stock markets plunge after Trump reignites trade war risk with threat of 50% tax on EU goods

US president’s fresh plan wipes billions off shares in UK, US, France, Germany Spain and Italy

Events

14 h. ago Trump ‘recommending’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTypical energy bill in Great Britain to fall 7% to £1,720 a year from JulyAs well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net exports an...

Politics

48 h. ago Ruben Amorim reveals Manchester United have two plans for transfer market

No Champions League football and no European football is bound to affect Man United's stock in the transfer market.

Sport

4 d. ago JPMorgan Jamie Dimon warns that the impacts of Trump’s ‘pretty extreme’ tariffs are still being underestimated

Wall Street boss suggests 10 percent stock market sell-off could be on the horizon

Events

4 d. ago Eurozone growth forecasts cut amid uncertainty over Trump trade war

Tariffs impact demands ‘considerable downgrade’, to 0.9% this year and 1.4% in 2026, says European CommissionBusiness live – latest updatesThe European Commission has cut its growth forecasts for the eurozone this year and next as a result of uncertainty caused by Donald Trump’s tariff wars.The commission said the impact of tariffs demanded a “considerable downgrade” to the expected growth this year of the 20-member eurozone to 0.9% from the previous forecast, made in November, of 1.3%. Continue reading...

Politics

4 d. ago Stock markets drop and bond yields rise after US credit rating downgrade; EC cuts eurozone growth forecast – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEconomic risks are weighing on the US dollar today, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown:‘’Like a long weekend hangover, a headache of worry is seeping into sentiment today. The FTSE 100 has opened lower, as investors mull over the downgrading of the US sovereign credit rating on Friday.Moody’s stripped the US of its triple-A rating, citing the growing US fiscal deficit, and the higher borrowing costs the administration will be forced to pay. Given the pledge by Trump to cut taxes, it’s feared the situation could deteriorate further. More of a sombre mood is expected on Wall Street when trading opens later, with futures indicating falls of around 1% for the S&P 500 and 1.3% for the Nasdaq. Continue reading...

Economics

4 d. ago Stock markets drop and bond yields rise after US credit rating downgraded by Moody’s – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEconomic risks are weighing on the US dollar today, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown:‘’Like a long weekend hangover, a headache of worry is seeping into sentiment today. The FTSE 100 has opened lower, as investors mull over the downgrading of the US sovereign credit rating on Friday.Moody’s stripped the US of its triple-A rating, citing the growing US fiscal deficit, and the higher borrowing costs the administration will be forced to pay. Given the pledge by Trump to cut taxes, it’s feared the situation could deteriorate further. More of a sombre mood is expected on Wall Street when trading opens later, with futures indicating falls of around 1% for the S&P 500 and 1.3% for the Nasdaq. Continue reading...

Economics

4 d. ago Stock markets drop after US credit rating downgraded by Moody’s – business live

Rolling coverage of the latest economic and financial newsUS credit rating downgrade could add to pressure on government debtEuropean stock markets have opened a little lower, despite reports of a last-minute breakthrough in talks between the UK and EU over a significant reset to post-Brexit relations.In London, the FTSE 100 share index has dropped by 38 points, or 0.45%, at 8646 points. Continue reading...

Economics

6 d. ago Pork producer faces investor showdown after Mail on Sunday exposed how workers had been killing piglets by smashing them against floors and walls

Cranswick, which is traded on the London stock market, has seen about £71 million wiped off its value after the scandal erupted.

Economics

8 d. ago The Guardian view on Europe’s growing wealth divide: back to the world of Balzac | Editorial

A new study highlights the dangers of a modern rentier capitalism that perpetuates inequality through the generationsIn a recent study picked up in the French press, the academic Mélanie Plouviez cites one of her country’s best-loved novelists to make a damning point. The power of inherited and unearned wealth in the France of 2025, she argues, replicates the social injustices found in Honoré de Balzac’s 19th-century chronicles of ambition and despair. As in the 1820s, she writes, “Who now could buy a place in Paris relying only on their wage and without family help? With the resurgence of inherited wealth, a gulf between what work allows and inheritance allows has also returned.”The problem is a sadly familiar one across Europe, and the same observation could be made of Britain, Germany or Italy. The economist Thomas Piketty has laid bare the extent to which booming stock markets and property prices have turbocharged asset wealth in western liberal democracies, at the expense of th...

Politics

8 d. ago US recession can’t be ruled out, Jamie Dimon warns, as UK tops G7 growth table – business live

UK economy posts its fastest quarterly growth in a year, outpacing rivals, in growth spurt ahead of trade war disruptionUK economy defies gloomy warnings to grow 0.7% in first quarter of yearChancellor Rachel Reeves has hailed today’s growth figures, pointing out that the UK expanded faster than other major economies in January-March.But Reeves is also cautioning that there is ‘more to do’:“Today’s growth figures show the strength and potential of the UK economy.“In the first three months of the year, the UK economy has grown faster than the US, Canada, France, Italy and Germany.UK: +0.7% growthCanada: estimated to have grown by 0.4%Italy: 0.3% growthGermany: 0.2% growthFrance: 0.1% growthUS: -0.075% (or -0.3% on an annualised basis)Japan: reporting tomorrow, -0.1% forecast Continue reading...

Events

9 d. ago Rosamund Pike says she refused to ‘unzip and drop’ her dress during Bond girl audition

The Saltburn star said she didn’t have issues with filming steamier scenes for Die Another Day, but took a stand during audition

Politics

9 d. ago Britain’s biggest pawnbroker H&T snapped up by US firm for £297m; Goldman Sachs lifts UK and eurozone growth forecasts – business live

China issues warning to UK over terms of US trade deal, saying it is a ‘basic principle’ that bilateral agreements should not target other nationsHere’s our full story on the Co-op saying that that stock availability in its stores will not improve until this weekend, as it struggles to recover from a cyber-attack two weeks ago.And our full take on Burberry’s planned 1,700 job cuts. Continue reading...

Economics

9 d. ago Rosamund Pike says she was asked to ‘unzip and drop’ her dress during James Bond audition

Actor told to ‘stand there in underwear’ during audition for Die Another Day

Politics

1 week ago The Guardian view on Trump’s leftward lurch: the ‘lunatics’ are running the right | Editorial

The White House says it is borrowing from Bernie Sanders and adopts rhetoric once dismissed as dangerous to lift its flagging poll ratingsIt’s striking to see Donald Trump, who built his re-election campaign around attacking the “radical left”, now borrowing some of its economic policies. In just months, he has shifted from denouncing “communist” price controls to saying he would implement them, and from defending tax breaks for the wealthy to proposing tax increases on those earning more than $2.5m a year if it benefits poorer Americans. These moves echo longstanding proposals from progressives like Bernie Sanders – despite Mr Trump’s past efforts to portray such ideas as “lunatic”. The irony is hard to miss.Consider recent policy announcements that mirror a liberal-left agenda. Capping credit card interest rates was a Sanders campaign promise before it was a Trump one. And it may happen – courtesy of an unlikely alliance between Mr Sanders and the Republican senator Josh Hawl...

Politics

1 week ago I was secretary of labor. Trump’s bizarre tariff scheme won’t revive American jobs | Robert Reich

Manufacturing and coalmining aren’t the way to make America great again. Here’s what would actually restore good-paying jobsOn Sunday night, the US announced that it was cutting tariffs on Chinese imports from 145% to 30%, for 90 days, and the Chinese are dropping tariffs on US goods from 125% to 10%, also for 90 days.The stock market soared on the news. (Anyone with inside knowledge of the deal could have made a killing.) Continue reading...

Politics

1 week ago How YOU can invest to cash in on the bombshell trade deal between China and the US: ANNE ASHWORTH

The trade deal between the US and China has sparked a wave of optimism on stock markets around the world - leaving many savers and investors wondering if they can cash in.

Economics