2 h. ago Sony announces PlayStation 5 price to rise due to 'challenging economic environment'

It comes after the global stock market has taken a hit following new tariffs introduced by Donald Trump

Economics

6 h. ago FTSE and global markets bounce back after Trump’s tech tariff reprieve

Investors welcomed a carve-out benefiting companies such as Apple – but White House officials have downplayed the exemptions

Politics

7 h. ago ‘The sky won’t fall’: China plays down Trump tariff risks as stock markets rally

Chinese customs official says trade has diversified away from US in recent years and plays up its ‘vast domestic market’Business live – latest updatesChina has played down the risk of damage to its exports from Donald Trump’s tariffs, with an official saying the “the sky won’t fall”, as stock markets rose on Monday amid signs of a retreat on electronics restrictions.The world’s second-largest economy has diversified its trade away from the US in recent years, according to Lyu Daliang, a customs administration spokesperson, in comments reported by state-owned agency Xinhua. Continue reading...

Politics

8 h. ago Stock markets rise on signs of Trump tariff retreat; British Steel races to keep furnaces burning – business live

Chinese exports jump as official says ‘the sky won’t fall,’ despite warning from US officials that smartphone and laptop exemption from import tariffs on China will be short-livedMatt Britzman, senior equity analyst at Hargreaves Lansdown, said:Just when it seemed the tariff chaos couldn’t get any worse, tech investors have spent the weekend scrambling to make sense of a whirlwind of confusing - and at times contradictory - messages coming out of the White House. Despite the drama, European markets have taken an easing stance on US tech components as a positive in a broad-based rally this morning, with the FTSE 100 up 1.5% in early trading.This time, it’s chips, smartphones, and other tech components taking centre stage. While there were early signs on Friday night that some broad exemptions might be in play, it turns out tariffs are still very much on the table. But here’s the twist: despite the messy rollout, what’s caught investors’ attention is the news that these products won’t...

Economics

17 h. ago Hedge fund billionaire says US may face ‘worse than a recession’ from Trump tariffs

Ray Dalio’s comments come after rocky week across stock markets after policies including 145% tariff raise on ChinaPeople in the US: tell us how you think Trump’s first 100 days have gone so farBillionaire investor Ray Dalio said that he is worried the US will experience “something worse than a recession” as a result of Donald Trump’s trade policies.Speaking to NBC’s Meet the Press on Sunday, the 75-year-old hedge fund manager said: “I think that right now we are at a decision-making point and very close to a recession. And I’m worried about something worse than a recession if this isn’t handled well.” Continue reading...

Economics

19 h. ago Tariffs live: UK suspends some tariffs to ease business tension as trade deal ‘days away’

Breakthrough between UK and the US over tariffs could be reached in the coming days

Economics

19 h. ago Celebrity Great British Bake Off halts show as Gloria Hunniford makes unexpected exit

Celebrity Great British Bake Off host Alison Hammond unexpectedly paused the show to make an announcement

Politics

20 h. ago Majority believes the wealthy and large corporations will benefit the most from Trump’s tariff plan

Americans’ view of tariff outcomes mirror opinion of 2017 Republican tax cuts set to be extended by Congress this year

Politics

22 h. ago US stock markets expected to recover after Trump drops tariffs on mobiles

Exemption, seen as a climbdown, includes laptops and chips, and is likely to help firms such as Apple and NvidiaUS stock markets were expected to stage a recovery on Monday after Donald Trump excluded imports of smartphones and laptops from his tariff regime late on Friday night.Shares in Apple and chip maker Nvidia were on course to soar after tariffs on their products imported into the US were lifted for 90 days. Continue reading...

Politics

28 h. ago No retreat on tariffs, Trump promised. Hours later, he blinked

As the economic and political pressure became unbearable, the US president changed course – but has the damage been done?He vowed: “My policies will never change.” He insisted: “Sometimes you have to take medicine to fix something.” He boasted: “I know what I’m doing.” And at 9.33am on Wednesday, he entreated: “BE COOL. Everything is going to work out well.”But less than four hours later, Donald Trump blinked. As the economic and political pressure became unbearable, the US president announced on social media that he would pause for 90 days higher trade tariffs for most countries, excluding China. Continue reading...

Politics

50 h. ago ‘A new golden age’: how rightwing media stuck by Trump as global markets collapsed

Trump’s tariffs were sometimes played down, sometimes cheered but rarely seriously questioned by the rightWhile Donald Trump recently instituted and paused hefty tariffs, sparking a trade war and chaos in financial markets, most of the country’s conservative media either applauded the US president or critiqued the policy but not the person behind it, according to journalists and observers of conservative media.Meanwhile, economists, business leaders, Democrats and even some Republicans warned that the tariffs, which prompted the largest American stock market drop since the start of the Covid-19 pandemic, could cause a recession. Continue reading...

Politics

57 h. ago Tariffs live: US central bank threatens to step in as Trump still defends levies

President insists policy ‘doing really well’ despite China hiking tariffs on American goods to 125 per cent

Politics

57 h. ago The UK stock market looks cheaper than ever: Is it finally time to buy British, asks ANDREW OXLADE

These are difficult times for investors. It is hard to know whether to buy or sell. But a crisis often offers opportunity.

Economics

59 h. ago Tariffs live: Trump insists policy ‘doing really well’ despite China hiking levies on American goods to 125%

Beijing will ignore further US action as ‘there is no possibility of market acceptance for US goods’ at current tariff level

Politics

66 h. ago Inside the vast stock buying surge 18 minutes before Trump's tariff U

Minutes before President Donald Trump's tariff pause, investors made strangely prudent financial moves. 

Politics

2 d. ago Tariffs live: White House insists countries need US markets to survive as ‘phones ringing’ to make trade deals

The share markets reacted after China lifted tariffs on US goods to 125 per cent and said it would ignore any further US levy increases in the escalating trade war

Economics

2 d. ago Trump's approval rating takes a hit amid tariff war and market turmoil

Like the stock market this week, President Donald Trump 's approval rating is sliding downward.

Events

3 d. ago Trump live updates: Stock markets down again after China raises tariffs to 125% in retaliation

‘Going against the world will only lead to self-isolation,’ Chinese Premier Xi Jinping warns

Economics

3 d. ago Tariffs live: Global markets unstable while Trump says US ‘doing really well’ on trade policy

The share markets reacted after China lifted tariffs on US goods to 125 per cent and said it would ignore any further US levy increases in the escalating trade war

Politics

3 d. ago Coachella 2025: desert festival balances the new and the nostalgia

California music festival to see record highs and headlining sets from Lady Gaga, Post Malone and Green DayStars such as Lady Gaga, Charli xcx, Ed Sheeran and Missy Elliott will face blazing temperatures this weekend at an unusually hot Coachella festival.The California-based festival will soar to potentially record-breaking highs of 103F (over 39C) in its first of two consecutive weekends, around 10-20 degrees higher than what’s typically expected at this time of year. Continue reading...

Politics