4 h. ago Market volatility recedes as investors brush off Trump’s tariff threats

‘Taco trade’ dominates as stocks, bonds and currencies remain calm

Economics

6 h. ago FTSE 100 jumps to new record high as investors shrug off tariff woes

The UK’s top stock index jumped by as much as 100 points, or 1.1%, to a new intraday record of 8,967.21 points.

Economics

11 h. ago Asian shares mostly gain after big tech rally on Wall Street

Asian shares are mostly up after a rally in big tech stocks in U.S. trading led the broader market to a higher close, lifting the Nasdaq to an all-time high and helping Wall Street claw back most of its losses from earlier in the week

Politics

15 h. ago Trump slaps 50% tariff on Brazil as punishment for 'witch hunt' trial against ex

Trump fired off a furious letter to Brazilian President Luiz Inácio Lula da Silva on Wednesday laying out the details of his new tariff.

Politics

18 h. ago Trump announces 50% tariff on Brazil, citing what he claims is a ‘witch

US president slaps tariff on Brazil and complains about treatment of Brazil’s former president, who is facing trial over an alleged coup attemptTrump targets Brunei, Libya and Moldova with latest threat of US tariffsTrump says Bolsonaro ‘not guilty of anything’ amid Brazil coup trialThe US justice department has sued California over state policies allowing transgender athletes to compete in girls’ school sports, alleging that allowing them to do so violates federal anti-discrimination laws.The lawsuit, filed in federal court in Los Angeles, claims that California’s policies violate Title IX, which affords legal protection against sex discrimination.Our Fed Rate is AT LEAST 3 Points too high. “Too Late” is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs. No Inflation, COMPANIES POURING INTO AMERICA. “The hottest Country in the World!” LOWER THE RATE!!!ANYBODY BUT “TOO LATE.”In effect, we went on hold when we saw the size of the tariffs and essentially all...

Politics

20 h. ago TACO returns to Wall Street: Investors shrug off Trump’s latest tariff threat as nickname sets the investor’s mood

Experts weigh in on whether Trump will carry out his latest threat – and the consensus is that the uncertainty looming over the U.S. economy can’t continue, Rhian Lubin reports

Economics

24 h. ago Trump delayed his tariff deadline after Treasury Secretary pleaded for more time to get deals done, report says

Treasury boss talked Trump into yet another multi-week reprieve

Economics

26 h. ago Trump defends tariffs as more trade announcements expected – live updates

President Donald Trump said that there would be more trade-related announcements this morningSources in the European Union, which Donald Trump said could expect a letter regarding its tariff deal in the next 48 hours, said they believed a framework agreement would be reached this week. The agreement is expected to include headline tariff arrangements for a limited number of sectors including cars, steel and medical devices.The German chancellor, Friedrich Merz, told the Bundestag today: “I am cautiously optimistic that we can succeed in reaching an agreement with the US in the next few days, by the end of the month at the latest.” Continue reading...

Politics

28 h. ago Bank of England says UK banks can increase riskier mortgage lending – business live

Rolling coverage of the latest economic and financial news, as BoE recommends banks can issue more high loan-to-income level loansCopper prices in US hit record high after Trump announces 50% tariffTrump threatens to escalate trade war amid confusion over new tariff ratesCarsten Menke, Head of Next Generation Research at Julius Baer, says the copper tariffs will be inflationary domestically in the US and deflationary internationally – which matches the price action we’ve seen since last night.Menke also points out that the jump in US copper prices (13% yesterday) is less than the 50% tariff, implying traders expect some imports will be exempt, saying:President Trump announced the imposition of 50% import tariffs at a cabinet meeting yesterday. While US-traded futures jumped on the news, the price differential is well below the tariff level, pointing to expectations of exemptions for key suppliers or expectations of different demand dynamics.As already mentioned, we remain of the con...

Economics

30 h. ago Copper prices in US hit record high after Trump announces 50% tariff

Latest escalation in trade war is expected to push up costs across key parts of US economyBusiness live – latest updatesCopper prices hit a record high in the US after Donald Trump announced he would impose a 50% tariff on the industrial metal, in the latest escalation in his trade war.Trump said before a cabinet meeting on Tuesday: “Today we’re doing copper,” proposing a 50% tariff rate for imports. He also threatened to impose a 200% border tax on pharmaceuticals but in a year or year and a half’s time. Continue reading...

Politics

31 h. ago Trump's mooted copper tariff widens New York–London price dislocation

Trump's mooted copper tariff widens New York–London price dislocation  MarketWatch

Politics

31 h. ago Russia launches major attack on Ukraine after Trump’s criticism of Putin – Europe live

Ukrainian president Volodymyr Zelenskyy said Russia attempted to strike 741 targets with 728 drones and 13 missilesVon der Leyen also spoke about the prospects for the EU-US tariff deal after last night’s comments by Trump that a US proposal should be ready within the next two days.She said the US imposed tariffs were “unprecedented,” and insisted the bloc preferred “a negotiated solution” to avoid them in the future. Continue reading...

Politics

38 h. ago Copper Futures in London Drop as Trump Plans 50% Import Tariff

Copper Futures in London Drop as Trump Plans 50% Import Tariff  MSN

Politics

40 h. ago US copper prices rise to record high as Trump threatens 50% tariff

President also says he will impose levies of up to 200% on drug imports after a transition period

Politics

40 h. ago US copper prices soar to record high as Trump threatens 50% tariff

President also says he will impose levies of up to 200% on drug imports after a transition period

Politics

44 h. ago Trump threatens to escalate trade war amid confusion over new tariff rates

US president announces tariffs of up to 200% on foreign drugs and 50% on copper as he continues to shift plansDonald Trump vowed to further escalate his trade wars on Tuesday, threatening US tariffs of up to 200% on foreign drugs and 50% on copper, amid widespread confusion around his shifting plans.Hours after saying his latest deadline for a new wave of steep duties was “not 100% firm”, the US president declared that “no extensions will be granted” beyond 1 August. Continue reading...

Events

51 h. ago Wall Street turns more bullish on US stocks despite Trump’s tariff threats

Goldman Sachs joins other banks in lifting end-of-year target for S&P 500 index

Politics

51 h. ago A look at the countries that received Trump's tariff letters

President Donald Trump has sent letters to 14 countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1

Politics

53 h. ago Aryna Sabalenka caught in sexism storm as Wimbledon icon slams article on world No.1

Aryna Sabalenka is the heavy favourite to win Wimbledon this year after surging into the quarter-finals without dropping a set, amid the backdrop of a Wall Street Journal headline that has left a former SW19 champion unhappy

Events

54 h. ago Business news live: FTSE 100 up after new Trump tariff rates and Monzo fined £21m over crime controls

Stock markets updates and business news from Tuesday

Economics