6 h. ago Interest rates live updates: Bank of England slashes interest rates to 4.25% in boost to homeowners

It marks lowest level for two years as central bank warns escalating global trade war will drag on growth over next three years

Society

7 h. ago Bank cuts interest rates to 4.25% as tariff tensions dampen growth

The central bank cut the UK’s base interest rate following a slowdown in inflation in recent months.

Economics

10 h. ago Live updates as UK and US to announce deal to reduce tariffs

The US President has teased a 'major trade deal'

Economics

22 h. ago Jon Voight defends Trump’s film tariff plan: ‘Something has to be done’

Oscar-winning actor gives first interview to Variety since working with Trump on plan to shake up HollywoodJon Voight, the actor who inspired Donald Trump’s surprise statement about placing a 100% tariff on foreign-made films, has given his first interview on the supposed plan to “give people back their dignity and their jobs”.“Something has to be done, and it’s way past time,” the 86-year-old actor told Variety while he was, according to the magazine, “driving through what sounded like a car wash”. Continue reading...

Politics

24 h. ago Federal Reserve warns of inflation and jobs risks amid Trump’s erratic trade strategy

Central bank says ‘uncertainty has increased’ as it opts to maintain benchmark interest rate for third time in a rowThe Federal Reserve kept interest rates on hold and called out growing dangers in the US economy amid Donald Trump’s erratic rollout of an aggressive trade strategy.Jerome Powell, the US central bank’s chair, cautioned that the president’s tariffs are likely to lift prices, weaken growth and increase unemployment if maintained. Continue reading...

Events

41 h. ago China's central bank cuts key interest rate as US tariffs threaten economy

China’s central bank has cut a key interest rate as U.S. tariffs threaten the economy

Economics

45 h. ago Trump live: Carney reiterated Canada ‘is not for sale’ during ‘constructive discussion’ with president

Canadian prime minister’s Oval Office test comes a week after being elected on an anti-Trump platform

Politics

46 h. ago The Trump administration is defending abortion pill access in court. What?

It may seem a victory to some, but experts worry a win will allow the government to be coy about future attacksThe Trump administration on Monday asked a federal court to dismiss a lawsuit that takes aim at the abortion pill mifepristone – a move that stunned many observers for what seemed a defense of the drug by a president who has overseen the most dramatic rollback of abortion rights in modern US history.At first blush, it may seem a victory for abortion access – but experts worry that, in reality, the move preserves the administration’s ability to play coy about any future plans to attack abortion rights. Continue reading...

Politics

49 h. ago Trump says nothing Carney says will stop tariffs after PM insists Canada ‘will never be for sale’ – live

Trump claims he wants ‘friendship’ between US and Canada as new PM visits White HouseA group of US senators wants Congress’ watchdog agency to investigate whether controls on humanitarian aid deliveries by Israel and other foreign governments violate US law, according to a letter seen by Reuters.The six senators – Chris Van Hollen, Dick Durbin, Jeff Merkley, Bernie Sanders, Elizabeth Warren and Peter Welch – wrote to Gene Dodaro, the comptroller general, asking him to launch an investigation by the nonpartisan Government Accountability Office into the US government’s implementation of laws regarding the delivery of humanitarian assistance. Continue reading...

Politics

49 h. ago Trump makes stunning '51st state' call in front of Canada's new PM Mark Carney: Live updates

It come as the relationship between the U.S. and its neighbor has been undermined by the president's tariffs and talk of annexing Canada as the '51st state.'

Politics

49 h. ago Trump refuses to rule out 51st state idea as Canadian prime minister says country ‘won’t be for sale ever’: Live

Canadian prime minister’s Oval Office test comes a week after being elected on an anti-Trump platform

Politics

50 h. ago Carney says Canada ‘will never be for sale’ and Trump responds ‘never say never’ – live

Trump claims he wants ‘friendship’ between US and Canada as new PM visits White HouseTrump and Carney to meet in closely-watched encounterA group of US senators wants Congress’ watchdog agency to investigate whether controls on humanitarian aid deliveries by Israel and other foreign governments violate US law, according to a letter seen by Reuters.The six senators – Chris Van Hollen, Dick Durbin, Jeff Merkley, Bernie Sanders, Elizabeth Warren and Peter Welch – wrote to Gene Dodaro, the comptroller general, asking him to launch an investigation by the nonpartisan Government Accountability Office into the US government’s implementation of laws regarding the delivery of humanitarian assistance. Continue reading...

Politics

50 h. ago Trump meets Canadian Prime Minister Carney amid tensions over annexation and trade: Live

Canadian prime minister’s Oval Office test comes a week after being elected on an anti-Trump platform

Politics

51 h. ago Jon Stewart on Trump ignoring the constitution: ‘It’s not optional’

Late-night hosts discuss the president’s unusual take on his oath of office and blaming Biden for economy’s ‘bad parts’ Late-night hosts recapped Donald Trump’s refusal to commit to defending the constitution and blaming Joe Biden for his hits on the economy. Continue reading...

Politics

52 h. ago Trump live: Carney heads to White House to meet president amid bitter trade war

Canadian prime minister’s Oval Office test comes a week after being elected on an anti-Trump platform

Politics

54 h. ago Everything Mark Carney has said about Trump ahead of crucial US

Victorious former central bank governor has united Canadians by attacking American counterpart over his ‘51st state’ rhetoric and trade war aggressions

Politics

57 h. ago UK business activity falls for the first time since October 2023 as trade tensions hurt economy, and car sales slide – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldCar sales across the UK fell by over 10% last month, compared to a year ago.New industry data shows that 120,331 new vehicles were registered in April, 10.4% fewer than in April 2024.In what is traditionally a quieter month following the March plate change, volumes were also impacted by the late timing of Easter, resulting in fewer working days.In addition, the implementation of VED changes affecting all new cars, including the Expensive Car Supplement which became applicable to many new EVs from 1 April, pushed transactions into March as shrewd buyers got ahead of the tax increases. Continue reading...

Economics

58 h. ago Trump live: Mike Pence slams tariff plan in major intervention against former ally

Former vice president’s comments come as President Trump and Canadian Prime Minister Mark Carney ready for their high-stakes White House meeting

Politics

58 h. ago UK car sales drop 10% in April; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldCar sales across the UK fell by over 10% last month, compared to a year ago.New industry data shows that 120,331 new vehicles were registered in April, 10.4% fewer than in April 2024.In what is traditionally a quieter month following the March plate change, volumes were also impacted by the late timing of Easter, resulting in fewer working days.In addition, the implementation of VED changes affecting all new cars, including the Expensive Car Supplement which became applicable to many new EVs from 1 April, pushed transactions into March as shrewd buyers got ahead of the tax increases. Continue reading...

Economics

60 h. ago China’s service sector hit by trade war; Ford predicts $1.5bn profit hit from Trump tariffs – business live

Rolling coverage of the latest economic and financial newsTrump’s foreign film tariffs could ‘wipe out’ UK movie industry, ministers toldAmerican children face paying higher prices for Barbie dolls due to the Trump tariffs on imports.Mattel, the toy manufacturing giant, revealed last night that it plan to raise prices on American toys due to tariffs, and is also looking to move some manufacturing out of China.Accelerating diversification of its supply chain and further reducing reliance on China-sourced product,Optimizing product sourcing and product mix, andWhere necessary, taking pricing action in its U.S. business.In an uncertain macro environment that has intensified due to the potential impact of tariffs, we are focused on what we can control.We are improving our supply chain agility, taking decisive cost actions to mitigate financial impact where possible, and ensuring we can continue to serve our customers and consumers. Continue reading...

Economics