16 h. ago Retail sales rise 1.4% in March as shoppers stock up on big ticket items ahead of tariffs

U.S. shoppers increased their shopping last month, fueled by a spending spree on foreign-made new big ticket items from gadgets to cars before President Donald Trump’s expansive new tariffs started kicking in

Economics

20 h. ago Arne Slot told four players he needs to sign this summer in Liverpool transfer overhaul

Liverpool are set to be active in the summer transfer market and Arne Slot requires a number of signings to establish the Reds as a force across European football it has been claimed

Sport

69 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

2 d. 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

3 d. ago Wall Street stock futures rise after temporary US tech tariff exemption

Gains come after two weeks of wild swings in financial markets

Politics

4 d. ago Donald Trump is now badly wounded. Europe can seize an advantage | Will Hutton

It’s time to fashion a new global trade order without the USThe game-changing geopolitical event last week was the near collapse of the immense $29tn ­market in US government debt, threatening the stability of the American and global financial system and the safe-haven status of dollar assets.The US president boasted as the collapse unfolded that world leaders were queueing to “kiss his arse”. Twelve hours later, he was in the same humiliatingly weak position as the then British prime minister Liz Truss found herself after her tax-slashing “mini-budget” in 2022. The markets had forced him to pause for 90 days the swingeing range of “reciprocal” tariffs that he announced on what he proclaimed “liberation day”; instead he lowered all of them, bar that on China, to 10%. Continue reading...

Politics

4 d. ago ‘Completely out of touch’: golf and dinners for ‘king’ Trump as economy melts down

Casual attitude as markets fall suggests man detached from anxieties of ordinary voters – and surrounded by yes menAfter lighting a fuse under global financial markets, Donald Trump stepped back – all the way to a Florida golf course. A week later, having just caved to pressure to ease his trade tariffs, the US president defended the retreat while hosting racing car champions at the White House.Trump had spent the time in between golfing, dining with donors and making insouciant declarations such as “this is a great time to get rich”, even as the US economy melted down. Continue reading...

Politics

4 d. ago WARREN SHUTE: 'Don’t hit panic button just yet over Donald Trump tariffs'

Donald Trump has sparked a turbulent week for global stocks, but here is why financial planner Warren Shute says you shouldn't jump into impulsive decisions on your finances

Events

5 d. ago Tariffs live: China raises levies to 125% on US as Trump trade war escalates

British and European markets show signs of recovery as US president threatens to go ahead with ‘reciprocal’ levies

Politics

6 d. ago London businesses 'most concerned' about fallout from global financial chaos

But the capital’s SMEs far more optimistic about growth over the coming months

Economics

6 d. ago Shares surge and FTSE climbs 6% after Trump pauses tariffs amid financial global chaos

In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.

Politics

6 d. ago Shares surge after Trump pauses tariffs amid financial global chaos

In a dramatic climbdown, the US President said a blizzard of 'reciprocal' tariffs on countries worldwide would be put on hold to allow time for trade talks.

Politics

7 d. ago Bank of England issues warning of 'severe impact' of Donald Trump tariffs as it issues response

The central bank's Financial Policy Committee (FPC) has warned that the global tariffs imposed on trade could severely rock the UK's financial stability, which could have wider negative effects on the UK economy

Events

7 d. ago Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England

Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warnsTrump imposes new tariffs on dozens of partnersDramatic sell-off of US government bondsBusiness live – latest updatesDonald Trump’s sweeping tariffs have put global growth at risk, the Bank of England has warned, heaping pressure on government finances and increasing the likelihood of “severe shocks” to the financial system.The Bank’s financial policy committee (FPC) said its global risk environment had deteriorated and “uncertainty had intensified” since its last update in November, with US tariff announcements contributing to a “material increase in risks to global growth” and inflation levels. Continue reading...

Events

8 d. ago The Latest: US stocks rise as global financial markets show signs of relief

Stocks are rising on Wall Street and around the world to recover some of the historic losses since last week when President Donald Trump announced sharp increases in taxes on goods imported to the U.S. The S&P 500 was up 3.4% in early trading Tuesday

Economics

8 d. ago Nervous billionaires turn on Trump amid global financial meltdown as even tycoons who backed him for reelection line up to condemn 'ignorant' and 'arrogantly extreme' tariffs

Trump's billionaire allies have issued stark warnings of an 'economic nuclear war' that will crash markets and drive the global economy into a downturn if the tariffs are not halted.

Politics

8 d. ago How ‘liberation day’ rout compares with other notorious stock market crises

A swift loss of £4tn from global stock markets has led some to liken Trump’s trade war to 1929 Wall Street crashBusiness live – latest updatesDonald Trump’s escalating trade war has plunged global financial markets into the steepest rout since the spread of the Covid pandemic five years ago.Drawing parallels with the 1929 Wall Street crash and the ensuing 1930s Great Depression, the US president’s “liberation day” tariff plan has led to warnings of a global recession from leading economists. Continue reading...

Politics

8 d. ago UK stocks rise in early trading after days of turmoil triggered by Trump tariffs

London's FTSE 100 was up more than 1 per cent in the first few minutes of trading, after several days of heavy losses.

Politics

9 d. ago Wall Street dives at opening in fresh stock market turmoil caused by Donald Trump tariffs

Volatile trading as US markets open as President Trump shows no signs of backing down over blanket tariffs on US imports

Politics

9 d. ago Bosses of the world's biggest banks hold urgent private talks over the financial market turmoil after Donald Trump's tariffs blitz

Chief executives from Bank of America, Barclays, Citi and HSBC Holdings are said to have discussed the scale of disruption in global financial markets during an urgent call yesterday.

Economics