35 h. ago Could Trump’s tariffs give a green light for corporate profiteering?

Expectations of inflation, and recent waves of price rises, could be self-fulfilling and fuel ‘greedflation’ – and it may not only apply to US consumersOver the past few years consumers have grown used to seeing prices rise at an exorbitant rate. The cost of everything – from used cars to utility bills and the humble loaf of bread – has rocketed in the worst inflation shock across advanced economies since the 1980s.While inflation has cooled in the past year, talk of fast-rising prices is back on the agenda from Donald Trump’s escalating trade war. Continue reading...

Politics

39 h. ago Gold standard! A bar is £1million for first time after investors raced to purchase the precious metal to protect their savings from the impact of Donald Trump's trade war

The precious metal has been in high demand among investors trying to protect their savings from the impact of Donald Trump's trade war.

Economics

60 h. ago Tech industry fears Trump’s trade war will hamper US AI ‘dominance’

Tariffs and threat of new duties on chips and computing infrastructure could frustrate American ambitions to lead artificial intelligence race

Politics

3 d. ago Shein and Temu issue warning to shoppers as Donald Trump trade war with China escalates

The price hikes also come ahead of the end of the 'de minimis' tax loophole, which allows imports that are worth under $800 can enter the US duty-free

Events

3 d. ago Asian shares mark moderate gains in the face of anxiety over Trump's trade war

Asian shares are mostly higher despite continued fretting over President Donald Trump’s trade war, with all eyes on the negotiations that just began between the administration and Japan

Politics

3 d. ago Trump’s trade war will cause dilemma for the Fed, says chairman Jerome Powell

Tariffs are ‘highly likely’ to drive short-term inflation, Powell says in Chicago speech

Politics

3 d. ago UK officials label trade documents ‘secret’ to shield from US eyes amid Trump tariff war

Exclusive: civil servants beef up security rules for sensitive negotiating papers over fears posed by hostile US trade policyUK officials are tightening security when handling sensitive trade documents to prevent them from falling into US hands amid Donald Trump’s tariff war, the Guardian can reveal.In an indication of the strains on the “special relationship”, British civil servants have changed document-handling guidance, adding higher classifications to some trade negotiation documents in order to better shield them from American eyes, sources told the Guardian. Continue reading...

Politics

4 d. ago Trump says Harvard should no longer receive federal funds as university pushes back – US politics live

President doubles down on cutting public funding for leading US university in fresh social media rantDonald Trump has gone on yet another rant about Harvard University on his social media platform Truth Social this morning.It comes as the US education department said it was freezing about $2.3bn in federal funds to the Ivy League school.Everyone knows that Harvard has “lost its way.” They hired, from New York (Bill D) and Chicago (Lori L), at ridiculously high salaries/fees, two of the WORST and MOST INCOMPETENT mayors in the history of our Country, to “teach” municipal management and government.These two Radical Left fools left behind two cities that will take years to recover from their incompetence and evil. Harvard has been hiring almost all woke, Radical Left, idiots and “birdbrains” who are only capable of teaching FAILURE to students and so-called “future leaders.” Continue reading...

Politics

4 d. ago JPMorgan CEO Jamie Dimon warns US could lose credibility over Trump trade war

JPMorgan CEO says no country has ‘divine right to success’ in latest caution to president

Events

4 d. ago Venture Global debt deal wakes US junk bond market from tariff slumber

Upsized offering from energy group ends two-week high-yield bond drought triggered by Trump trade war

Economics

4 d. ago Trump trade war could challenge US credibility, says Jamie Dimon

JPMorgan chief tells the FT that Washington and Beijing ‘should engage’ as tariffs escalate

Politics

5 d. ago Trump’s tech tariffs are total chaos – and everyone’s paying the price

From iPhone airlifts to Nintendo delays, Trump’s trade war has thrown the tech world into confusionHello, and welcome to TechScape. Today’s news: Donald Trump’s tariffs spread confusion like a germ, tech takes two kinds of environmental tolls, Meta faces an antitrust trial, and I’ve been watching two excellent pieces of serialized fiction on Instagram and TikTok.OpenAI countersues Elon Musk over ‘unlawful harassment’ of companyFederal workers fear Musk’s ‘efficiency’ agency is using AI to spy on them: ‘They are omnipresent’ Continue reading...

Economics

5 d. ago Donald Trump's trade war tariffs slammed by France for unleashing 'tsunami of destabilisation'

French Prime Minister Francois Bayrou hit out at Trump’s America for going ‘over to the side of the aggressors’

Politics

5 d. ago ‘Shock to the system’: farmers hit by Trump’s tariffs and cuts say they need another bailout

With extreme weather and Trump’s looming trade war, US farmers are reeling and resigned to needing another bailoutFarmers across the United States say they could face financial ruin – unless there is a huge taxpayer funded bail out to compensate for losses generated by Donald Trump’s sweeping cuts and chaotic tariffs.Small- and medium-sized farms were already struggling amid worsening climate shocks and volatile commodities markets, on top of being squeezed by large corporations that dominate the supply chain. Continue reading...

Events

5 d. ago UK consumers plan to ‘buy British’ as Trump’s trade war bites

More than 70% of people said they intend to support UK businesses

Politics

5 d. ago Leda Braga’s Systematica suffers as Trump’s trade war hits quant hedge funds

Sharp market reversals have wrongfooted many computer-driven traders betting on market trends

Events

6 d. ago Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

Economics

6 d. ago Trump says he's prepping for 'war' with China as he takes HUGE economic gamble angering Xi Jinping

President Donald Trump gave another justification for his tariff hikes.

Politics

6 d. ago What does China really think of Trump? That he and vengeful chairman Mao would have got on well | Tania Branigan

Many see parallels with the architect of the Cultural Revolution. Both relished disruption and have exploited the power of the mobWhen rare protests flared in China in 2022, one slogan read: “We want reform, not a Cultural Revolution.” It alluded to complaints that the country’s leader, Xi Jinping, was behaving in an increasingly Mao-esque manner. His extraordinary dominance over his party, political repression, tight social controls and burgeoning personality cult all lent themselves to comparison with the man who ruled China for decades.Yet Xi is committed to order and discipline, exerting authority through the organs of the Communist party. Mao Zedong relished disruption and turned to the power of the masses. That’s why, increasingly, many in China are comparing Mao to another modern-day leader. Despite the ferocity of Donald Trump’s trade war, they are perhaps just as shocked by what he is doing to his own country. They see a proud nation felled not by an external threat, but by...

Politics

6 d. ago Xi warns ‘no winners’ from Trump trade war as he heads to Vietnam

Chinese leader seeks to strengthen ties with export-dependent economies facing high US levies

Events