7 h. ago Tesla sales slump once again as Musk pays price for Trump ties

Tesla’s biggest rival BYD saw electric vehicle sales hit new high in June

Economics

28 h. ago Johnson to quell internal House Republican revolt over Senate changes to Trump’s tax bill – live updates

House vote expected to be tight after so-called ‘big beautiful bill’ cleared the Senate by the narrowest of margins with JD Vance breaking a tieWhat’s in Trump’s major tax bill?Donald Trump on Tuesday toured “Alligator Alcatraz”, a controversial new migrant detention jail in the remote Florida Everglades, and celebrated the harsh conditions that people sent there would experience.The president was chaperoned by Florida’s hard-right governor, Ron DeSantis, who hailed the tented camp on mosquito-infested land 50 miles west of Miami as an example for other states that supported Trump’s mass deportation agenda. Continue reading...

Politics

29 h. ago Trump’s sweeping tax cut and spending bill heads to House – US politics live

Vote expected to be tight after so-called ‘big beautiful bill’ cleared the Senate by the narrowest of margins with JD Vance breaking a tieSenate Republicans pass Trump’s sweeping policy billWhat’s in Trump’s major tax bill?Legally mandated US national climate assessments seem to have disappeared from the federal websites built to display them, making it harder for state and local governments and the public to learn what to expect in their back yards from a warming world.Scientists said the peer-reviewed authoritative reports save money and lives. Websites for the national assessments and the US Global Change Research Program were down Monday and Tuesday with no links, notes or referrals elsewhere. The White House, which was responsible for the assessments, said the information will be housed within Nasa to comply with the law, but gave no further details. Continue reading...

Politics

48 h. ago Senate narrowly passes Trump’s ‘big, beautiful’ spending bill after three Republicans vote no – live updates

Vice-president JD Vance was in the chamber to break the tieWhat’s in Trump’s big, beautiful bill? Tax cuts, deportations and moreThe senate has adopted an amendment offered by Republican senator Joni Ernst – who represents Iowa - to prevent jobless millionaires from claiming unemployment compensation.Lawmakers voted 99-1 to strike the AI regulation ban from the bill by adopting an amendment offered by Republican senator Marsha Blackburn. Continue reading...

Politics

5 d. ago Trump basks in triumph as supreme court kicks away another guard rail

The decision to limit judicial power to curb the president caps a week of – in Trump’s telling – endless winning, from the Middle East to Nato to AfricaHe strode into the White House briefing room feeling invincible. In his own telling, he had fixed the Middle East. He had made Nato pay up. He had pacified the heart of Africa. And now Napoleon Trump had once again just been crowned emperor by the US supreme court.“We’ve had a big week,” Donald Trump, orange hair shimmering, blue tie drooping below the waist, mused from a lectern anointed with the presidential seal. “We’ve had a lot of victories this week.” Continue reading...

Politics

8 d. ago Voices: As Tesla’s sales continue to slump, is it time for Elon Musk to step aside?

The former ‘first buddy’ is back in the driving seat of his car business, but hasn’t been able to take the brakes off decline in the key European market since leaving the White House. So who else might be able to turn around the fortunes of the EV juggernaut, asks James Moore

Politics

8 d. ago Tesla’s EU sales slump continues; Eurostar services disrupted after ‘cable theft’ – business live

Six trains between London and Paris cancelled after theft of cables at Lille leave passengers strandedThe price of the world’s first malaria vaccine for children in endemic countries will be reduced by more than half, to less than $5, according to the drugmakers GSK and Bharat Biotech.The vaccine, called Mosquirix or RTS,S, was developed by GSK and the non-profit health organisation PATH, and was the first malaria vaccine to be recommended by the World Health Organization in October 2021. It is one of two malaria shots recommended by the WHO.“As an epidemiologist working in malaria vaccine development and delivery, I have seen the impact malaria vaccines are already having on children in high-burden regions of Africa. As a result of the collaboration between the research community in implementing endemic countries, industry, NGOs and multilateral organisations, the world’s first malaria vaccine is helping to reduce all-cause mortality and hospitalisations of severe malaria among chi...

Economics

8 d. ago Tesla’s EU sales slump continues; China’s premier warns global trade tensions ‘intensifying’ – business live

Rolling coverage of the latest economic and financial newsShares in UK defence Babcock have surged 13% at the start of trading, after it upgraded its medium-term forecasts and hailed a ‘new era’ for defence (see earlier post).After several turbulent sessions, the financial markets seem calm this morning, as the Israel-Iran ceasefire holds.‘’Optimism about the fragile ceasefire holding between Iran and Israel has bubbled through markets, lifting equities, but more doubts are now creeping in about the truce holding.Wall Street rose in a relief wave, pushing the S&P 500 close to record highs. Sentiment has held up in Asia and European indices largely look set for a positive start to trading. Nevertheless, a little more uncertainty is seeping in. A leaked report from US Intelligence casting doubt on the effectiveness of the US strikes in crippling Tehran’s nuclear capabilities, has led to some worries that military action could resume. Continue reading...

Events

9 d. ago A look at the major players in the crypto industry and their ties to Trump

President Donald Trump took office in January pledging to “make America the crypto capital of the world” and has since harnessed wide swaths of the federal government to bolster the industry

Politics

1 week ago Judge blocks Trump plan to tie states’ transportation funds to immigration enforcement

States argued US transportation secretary lacks authority to impose conditions on funding appropriated by CongressA federal judge on Thursday blocked Donald Trump’s administration from forcing 20 Democratic-led states to cooperate with immigration enforcement in order to receive billions of dollars in transportation grant funding.Chief US District Judge John McConnell in Providence, Rhode Island, granted the states’ request for an injunction barring the Department of Transportation’s policy, saying the states were likely to succeed on the merits of some or all of their claims. Continue reading...

Events

1 week ago Thawing of relations between Pakistan and US raises eyebrows in India

Trump ends isolation of country once snubbed so badly Imran Khan had to take the subway to the UN general assemblyAfter years in the diplomatic deep freeze, US-Pakistan ties appear to be quickly thawing, with Donald Trump’s effusive welcome for Pakistan’s army chief, Gen Asim Munir, signalling a possible major reset.Once snubbed so badly that Imran Khan, a former prime minister, rode the New York subway to the UN general assembly in 2019 unescorted, Pakistan is now enjoying top-level access in Washington, including a White House lunch for Munir on Wednesday and meetings with top national security officials. Continue reading...

Politics

2 w. ago World's most secretive society meets in Sweden as tensions between Europe and Trump reach boiling point

The annual Bilderberg Meeting provides a private forum for discussion at a time when President Donald Trump has upended security and economic ties between the US and Europe.

Politics

3 w. ago From banning X to funding Dems: All the ways Musk and Trump could hurt each other as they go nuclear

How president and tech titan choose to escalate their bitter feud could have far-reaching consequences for them ... and us

Events

4 w. ago UK sales of new Tesla cars slump by more than a third amid Musk backlash

Electric carmaker sold 36% fewer cars year on year in May as it loses ground to China’s BYD and other rivalsBusiness live – latest updatesSales of new Tesla cars slumped by more than a third in the UK last month as the electric carmaker lost ground to China’s BYD and other rivals, amid a political backlash against Tesla’s billionaire boss, Elon Musk.Tesla sold 2,016 vehicles in the UK in May, down from 3,125 in May 2024 – a 36% drop, according to the monthly snapshot from the Society of Motor Manufacturers and Traders (SMMT). Continue reading...

Politics

4 w. ago Musk ally hints he lost top NASA job because Trump had ‘axe to grind’

Jared Isaacman, President Donald Trump’s former nominee for NASA administrator, has hinted that his ties to Elon Musk may have been the reason his nomination was withdrawn.

Politics

4 w. ago Tesla sales slump sees China's BYD overtake Elon Musk's electric car firm in Britain

Tesla registrations in the UK dropped 36% to 2,016 in May, compared to 3,152 a year ago, according to new figures

Economics