13 h. ago The next global economic earthquake is set to strike and Britain is completely unprepared. I fear for all of us

Reeves' pledges to 'fix the foundations' of the British economy have subsided. The Chancellor's refrain that she would never take the risks the Conservatives took has proved hollow.

Economics

24 h. ago IMF upgrades US growth outlook as Trump's tariffs cause less disruption than expected

The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging

Politics

24 h. ago World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF

UK and global GDP growth forecasts upgraded for this year but immigration controls could have negative impact Business live – latest updatesThe global economy has shown “unexpected resilience” in the face of Donald Trump’s tariffs, but the full impact is yet to be felt, and outlook for growth remains “dim”, the International Monetary Fund (IMF) has warned.As policymakers gather in Washington for its annual meetings, the IMF has upgraded its forecast for global GDP growth this year to 3.2%, from 3% at its last update in July. Next year’s global forecast is unchanged, at 3.1%. Continue reading...

Politics

28 h. ago US treasury secretary accuses Beijing of trying to damage global economy; silver hits record high – business live

Rolling coverage of the latest economic and financial newsWhy has US-China trade war restarted and how have markets reacted?A flurry of takeover talk speculation has pushed up shares in budget airline EasyJet this morning.EasyJet’s shares are up over 7%, leading the risers on the FTSE 100 share index.“[The group] does not believe the redress methodology proposed by the FCA appropriately reflects actual customer loss or achieves a proportionate outcome.“...the FCA’s proposed approach to assessing unfairness does not align with the legal clarity provided by the supreme court judgement in respect of the “Johnson” case, which confirmed that the test for unfairness is highly fact specific and must take into account a broad range of factors. The group will continue to engage with the FCA in respect of these points.“Many motor finance lenders did not comply with the law or the rules. It’s time their customers get fair compensation. Recent court judgments show that liabilities exist no matt...

Events

32 h. ago Scott Bessent accuses China of trying to damage global economy

US Treasury secretary tells FT Beijing’s restrictions on critical mineral exports will hurt its own international standing

Events

40 h. ago Trump's rare earth row with China casts a dark shadow over the global economy, says ALEX BRUMMER

Washington and Beijing are at daggers, despite Trump's claims of a good relationship with supreme Chinese leader Xi Jinping (pictured together).

Politics

3 d. ago The IMF boss is right to say ‘buckle up’ – the global economy is facing multiple menaces

Trump’s latest tariff tantrum and rising fears of an AI bubble have very quickly borne out Kristina Georgieva’s claim that ‘uncertainty is the new normal’Trump threatens 100% tariffs as Beijing restricts rare-earth exportsLittle more than 48 hours passed last week between IMF chief Kristalina Georgieva’s warning that “uncertainty is the new normal” and Donald Trump’s latest tariff onslaught – this time aimed at China.Markets plunged on Friday after Trump threatened to levy punitive additional tariffs of 100% on Chinese goods in retaliation for Beijing’s blocks on exports of rare earth minerals. Continue reading...

Economics

6 d. ago Gold price hits record high as people invest during global economic chaos

The precious metal has seen its biggest price explosion since the '70s rising by a third since April when US President Donald Trump announced tariffs which have disrupted global trade

Economics

6 d. ago IMF chief warns of economic uncertainty and offers this advice: 'Buckle up'

The global economy may be holding up better than expected despite major shocks such as President Donald Trump’s tariffs, but the head of the International Monetary Fund says that resilience may not last

Events

6 d. ago IMF chief warns ‘uncertainty is the new normal’ in global economy

Kristalina Georgieva outlines mounting risks to economic stability before fund’s annual meetings next weekBank of England warns of growing risk that AI bubble could burstGold price tops $4,000 for first time as investors seek safe havenThe head of the International Monetary Fund has issued a stark warning about the mounting risks facing the global economy, saying: “Buckle up: uncertainty is the new normal.”As finance ministers and central bankers prepare to meet in Washington for the IMF’s annual meetings next week, its managing director, Kristalina Georgieva said the world economy had shown surprising resilience in the face of Donald Trump’s trade war. Continue reading...

Events

7 d. ago Gold price tops $4,000 for first time as investors seek safe haven

Precious metal having biggest rally since 1970s amid political uncertainty in US, France and JapanBusiness live – latest updatesThe price of gold has risen above $4,000 (£2,980) per ounce for the first time as investors continue to seek a safe place to put their money at a time of global political and economic uncertainty.The spot price of gold – the real-time market value of gold and viewed as the global benchmark – reached $4,031.54 at 8am in London on Wednesday morning, after climbing 1.2% during early trading. Continue reading...

Economics

7 d. ago WW3 fears as Russia threatens to strike 14 UK locations to panic Britain

A senior ally of Vladimir Putin has warned that Europeans should 'cr** themselves with fear' as the threat of World War Three looms after Russia threatened to strike various parts of the UK

Events

9 d. ago Warning that Trump scrapping diversity orders could hurt global economic growth

Mariella Frostrup says Trump’s policies mark a major backwards step

Events

1 week ago Taylor Swift: The Official Release Party of a Showgirl review – lazy big screen cash

The megastar’s underwhelming new album gets a suitably sub-par cinematic accompaniment offering very little for even the most devoted of fansJust as the sun rises in the east and sets in the west, fans of Taylor Swift will heed the call for new content. Long before the economy-lifting, paradigm-shifting global domination of her Eras Tour, Swift had cultivated a uniquely intense and personal relationship with her fans, even within the reverential world of pop music. That relationship, sustained through Easter eggs, years long parasocial narratives and arguably her own metaverse, can be real and special and nutritive, a steady raft through life’s storms – I’ve been there. But years into her imperial era, Swift’s cyclical feeding of the fan base has started to seem less like an act of mutual devotion and more nakedly exploitative, the many one-off re-releases and special vinyls and limited-edition Target drops like a billionaire’s tax on her most loyal.The latest of these is the Life o...

Politics

1 week ago Democrats are wrong to think the shutdown gives them leverage

The move will deprive the Fed of key statistics and further dent America’s global economic leadership

Politics

1 week ago Disillusionomics: the US economy isn’t serving gen Z | Alice Lassman

My generation is struggling for stability in a system that no longer feels fit for purpose. It’s time to take that seriouslyFor gen Z Americans, it’s hard to remember a version of the economy not defined by crisis. We finished our education online as Covid devastated the world, only to graduate into high costs of living, stagnant wages and now AI’s threat to entry-level jobs. We’ve come of age in a system that no longer feels fit for purpose.The result is a generation that’s lost faith in the traditional markers of stability. What once defined a secure life – home, family and comfortable retirement – feels out of reach. “A pension is out of the question,” one friend told me. “So staying in the same job no longer makes sense.” She’s not alone: jobseekers’ confidence in keeping or finding work dropped sharply this spring, with a survey in June suggesting nearly 60% of graduates were still looking for their first jobs.Alice Lassman is a policy expert with a focus on the global economy ...

Politics

2 w. ago ‘Indolent and not photogenic’: can I make my reluctant cat a social media star in seven days?

Olly isn’t an obvious influencer – but that could be said of many of the felines who rule online. Here is what happened when I set out to turn him into a sensationA day at work for Mark Wardle can include accompanying cats to Hollywood film sets or high-end magazine shoots. As an “animal talent booker and fur whisperer” (a title that makes me immediately regret my own career path) Wardle manages about 60 pets, many of them cats, at the pet influencer agency Urban Paws.His is not a unique job. In the UK and beyond, pet influencer agencies – including one devoted to cats, Feline Stars – have begun to proliferate. The reason, Wardle notes, is simple: many of these animals now have “more reach and followers” than their human counterparts, with enough clout to land primetime TV spots. It is, after all, an industry riding the wave of a global pet economy projected to surpass $500bn by 2030. Continue reading...

Culture

2 w. ago Philippines earthquake: dozens dead as rescuers search through wreckage

Rescuers search for casualties in coastal city of Bogo, where power was knocked out and buildings and roads damagedThe death toll from a magnitude 6.9 earthquake in the central Philippines has risen to 26, authorities said, with fears the toll could rise as rescuers searched for survivors from Tuesday night’s quake which damaged buildings and roads and knocked out power in parts of the region.The epicentre of the earthquake, which was set off by a local fault, was about 17km (10 miles) north-east of Bogo, a coastal city of about 90,000 people in Cebu province where at least 14 residents died, disaster-mitigation officer Rex Ygot told the Associated Press by telephone. Continue reading...

Events

2 w. ago Met Office warning as Hurricane Humberto to unleash 'big one' 70mph storm on UK

Hurricane Humberto is forecast to head out towards the wider Atlantic Ocean by Wednesday evening, where it would dissipate into a tropical storm – but it could still strike Britain later in the week, with up to 70mph winds in its wake

Events

2 w. ago Rachel Reeves warns of ‘hard choices to come’ in Budget & slams Farage as ‘single greatest threat’ to Brits’ livelihoods

RACHEL Reeves today laid the groundwork for a brutal Autumn Budget as she warned of making "harder choices" on tax and spending. The Chancellor pre-empted the possibility of more levy hikes as she complained that "harsh global headwinds" have made damage to the economy "ever clearer". Addressing the Labour faithful at party conference in Liverpool,...

Events