15 h. ago Nissan warns of £4bn loss as costs rise and Trump tariffs loom

Japanese carmaker blames worsening outlook on ‘competitive environment and deteriorating sales’Nissan says it expects to lose as much as £4bn this year because a turnaround plan will be more costly than expected.The expected loss at Japan’s third-largest carmaker is almost 10 times the figure it had previously guided. Continue reading...

Economics

18 h. ago I'd invest in ITV over Netflix: Temple Bar's Ian Lance on bargain shares

Ian Lance joins Simon Lambert to discuss Temple Bar's value investing and why the UK stock market has taken a turn for the better but bargain stocks still remain.

Economics

29 h. ago China schools Trump on the art of a tariff deal: Don’t threaten us

Donald Trump has announced he’s willing to back way off Chinese tariffs after his levy package hit the stock market, the strength of the dollar, small businesses and American jobs.

Economics

34 h. ago Here’s what stopped Trump in his quest to oust Fed chair Jerome Powell

The Trump administration has also signaled its trade war with China may be letting up soon

Politics

37 h. ago Treasury secretary says China tariffs not sustainable as US signals willingness to de

Scott Bessent said the tariffs – 145% on Chinese products and a retaliatory 125% on US products – would have to come down before talks can proceedStock markets rise as Trump backtracks on high China tariffs and firing Fed chairNato secretary general Mark Rutte will visit the US and meet the secretary of state, Marco Rubio, the defense secretary, Pete Hegseth, and the national security adviser, Mike Waltz, according to a media notice shared by the military alliance’s press office.Rutte will visit the US on 24 and 25 April. Continue reading...

Politics

39 h. ago FTSE 100 jumps amid global stock rally after Trump rows back on tariff threats

The US president said that sky-high trade tariffs on China will ‘come down substantially but it won’t be zero’, prompting stock markets to surge.

Politics

39 h. ago Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intention” of firing the chair of the US central bank, Jay Powell.Weeks of tough talk on trade from White House officials have rattled investors and Trump now appears to be softening his tone. The president told reporters in Washington on Tuesday he planned to be “very nice” to China in trade talks and that tariffs could drop in both countries if they could reach a deal, adding: “It will come down substantially, but it won’t be zero.” Continue reading...

Politics

42 h. ago UK private sector shrinks as export orders slump; state borrowing nearly £15bn above official forecast – business live

Eurozone private sector ‘broadly stable’ in April; stocks, dollar, oil prices rise on hopes of US-China trade dealUK annual borrowing exceeds forecasts by almost £15bnThe collapse in confidence and drop in output during April raise red flags for the economic outlook and add pressure on the Bank of England to reduce interest rates again at its May meeting, said Chris Williamson, chief business economist at S&P Global Market Intelligence.While recent months have been characterised by UK businesses treading water, broadly stagnating since last autumn’s budget, businesses are reporting more of a struggle to keep their heads above water in April.April’s fall in output was the largest recorded for nearly two and a half years, consistent with GDP declining at a quarterly rate of 0.3%, reflecting falling activity and demand across both manufacturing and services. Continue reading...

Economics

48 h. ago UK annual borrowing nearly £15bn above official forecast; stocks rise as Trump rows back on Fed attack – business live

UK government borrowed £151.9bn in year to March; investors cheered by hopes of US-China trade dealEuropean stocks have also opened higher, as a wave of relief spread across markets.The UK’s FTSE 100 index is up by 1.2% at 8,430, while the Italian FTSE MiB rose by 1.4%.Bessent threw a lifeline to fragile US sentiment with conciliatory remarks on the US-China trade war. Bessent said the current tariff situation is “unsustainable” and expects a de-escalation in the near term.We could witness a period where the dollar is tossed around by headlines of Fed independence risk and market-friendly news on US tariff policy. What is clear by now is that no other G10 currency has a higher positive beta to trade news than the dollar. Continue reading...

Politics

52 h. ago Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

Asian shares are mostly higher, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve

Events

57 h. ago Trump admits China’s tariffs will drop ‘but it won’t be zero’

Trump’s massive import taxes have roiled stock markets since he announced them on April 1

Politics

61 h. ago Dow is heading for its worst April since the Great Depression as investors fear Trump’s tactics

Chief investment officer says it’s ‘impossible to commit capital to an economy that is unstable and unknowable because of policy structure’

Politics

63 h. ago Gold climbs above $3,500 for first time as Wall Street rallies after slide

Dollar also recovers after Monday’s sell-off prompted by Trump’s attack on Federal Reserve chair caused alarm among investorsBusiness live – latest updatesGold has climbed above $3,500 an ounce for the first time while stocks on Wall Street and the dollar rose following Monday’s sell-off that was prompted by Donald Trump’s blistering attack on the Federal Reserve chair, Jerome Powell, caused alarm among investors.Spot gold reached the record price of $3,500.01 on Tuesday, extending a rally that has pushed bullion up from $2,623 an ounce at the start of this year. Analysts now predict the metal could even reach $4,000 only a matter of weeks after the price moved through $3,000 for the first time. Continue reading...

Politics

63 h. ago Even Trump must know that firing the chair of the Fed would be self

Jerome Powell is a soft target for the president amid economic instability. But getting rid of him would only invite more chaosUS stock markets, Treasury bonds and the dollar itself are sliding amid the tariff turmoil and Donald Trump needs a soft target. It was probably only a matter of time before he intensified his attacks on Jerome Powell, chair of the US Federal Reserve. It is an easy narrative to blame the dull central banker with orthodox worries about anchoring inflation expectations. Nor is Powell able to engage in tit-for-tat soundbites. Unlike Trump, he must measure the impact on markets of his every word.The open question is how far Trump intends to push things. Monday’s reaction in financial markets was strong because it seemed for the first time that the president could be serious about removal. “Powell’s termination cannot come fast enough!” declared Trump, which was several notches beyond his usual whine about urging the Fed to hurry up with cuts in interest rates. C...

Politics

65 h. ago Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Events

65 h. ago Al Gore draws parallels between Trump 2.0 and early Nazi Germany in speech

Former VP said the administration was creating its ‘own preferred reality’ and slammed it for green energy U-turnUS politics live – latest updatesAl Gore said there were “important lessons” to be learned from similarities between the early rise of Nazi Germany and the recent actions of the the Trump administration, in scathing comments made Monday during remarks about climate change.During a speech at an event to mark the beginning of San Francisco’s Climate Week, the former vice-president and established climate advocate, said that the Trump administration was “trying to create their own preferred version of reality”, akin to the Nazi party during the 1930s in Germany, Politico reported. Continue reading...

Politics

66 h. ago Trump tariffs chaos will slash UK economic growth and spike inflation, says IMF in double blow to Reeves

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Economics

2 d. ago Trump latest: Gold price hits new high after dollar plunges following president’s attacks on Fed chair Powell

The market shifts came after Trump claimed that the economy could slow unless Federal Reserve chair Jerome Powell immediately lowered interest rates

Politics

3 d. ago US stocks and dollar sink as Donald Trump renews attacks on Fed chair Jay Powell

Currency sell-off intensifies after president steps up criticism of central bank head for not cutting rates

Politics

3 d. ago US stock markets fall again as Trump calls Fed chair ‘a major loser’

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffsUS stock markets started falling again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who Trump called “a major loser” for not lowering interest rates.“There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media. Continue reading...

Politics