10 h. ago The EU can’t replace the US as a global player until it sheds its own colonial thinking | Shada Islam

Eurocentric assumptions and bullying resource-grabs are justified causes of outrage in the global southDonald Trump has disrupted the global economy with his disastrous tariff wars and appears hell-bent on gutting transatlantic relations. I am hoping he has also unwittingly injected new life into the EU’s struggle to wean itself off overreliance on Washington.A vast network of trade and aid agreements connects the EU with more than 70 countries. The union could become an important standalone global actor and even thrive in a multipolar world. But it must first shed its Eurocentric worldviews, complacent policymaking and double standards.Shada Islam is a Brussels-based commentator on EU affairs. She runs New Horizons Project, a strategy, analysis and advisory company Continue reading...

Sport

26 h. ago US tariff war hurting trade with China; M&S tells hundreds of warehouse agency staff not to come to work after cyber

Rolling coverage of the latest economic and financial newsBack in Beijing, China’s foreign ministry has said President Xi Jinping had not spoken to Donald Trump.The ministry also denied that the two administrations are in talks to strike a tariff deal, which contradicts a claim from Trump last week.“As far as I know, the two heads of state have not called each other recently,“I would like to reiterate that China and the U.S. have not conducted consultations or negotiations on the tariffs issue. Continue reading...

Economics

29 h. ago Trump's tariff wars 'are not working,' says France's chief banker highlighting US recession fears

Francois Villeroy de Galhau slammed the uncertainty the US president’s import levies have sparked in economies and markets around the world

Economics

32 h. ago Canada set to vote in election overshadowed by Trump’s tariff and annexation threats

Liberal party looked headed for defeat until American president began threatening Canada's economy and sovereignty

Politics

34 h. ago China stockpiles oil as Trump tariff shock hits crude prices

Imports surged in March and continued to accelerate despite concerns global economy will weaken

Events

3 d. ago Virginia Giuffre fled to tiny Australian town with 300 people after 'split' from husband

Virginia Giuffre, who accused Prince Andrew and Jeffrey Epstein of sexual abuse, has died by suicide aged 41 after posting a series of cryptic social media posts hinting at emotional distress

Politics

3 d. ago Only a third of Americans approve of Trump’s tariffs in latest imploding poll

In yet another survey, over half of respondents said words like ‘scary’ and ‘chaotic’ well described Trump’s administration

Politics

4 d. ago Massive blow to Trump as Japanese car giant moves manufacturing OUT of US in tariff twist

Subaru is reshuffling its supply chain in response to President Donald Trump's tariff upheavals.

Politics

4 d. ago Trump administration tipped off Wall Street execs about possible India tariff deal: Fox report

The move raises new accusations of insider trading by the Trump administration and its cronies

Economics

4 d. ago UK consumer confidence hit in April by Trump tariff concerns

All measures of leading survey drop as price rises and US import taxes bite

Politics

5 d. ago China calls reports of ongoing US tariff talks ‘baseless’ while Trump claims administration ‘actively’ seeking deal – live

Spokesperson for China’s ministry of commerce says any claims of progress in China-US negotiations are ‘without factual evidence’South Africa’s President Cyril Ramaphosa has said he talked about the war in Ukraine and the need to foster good bilateral relations with the US in his phone call with Donald Trump.“We both agreed that the war should be brought to an end as soon as possible to stop further unnecessary deaths... to meet soon to address various matters regarding US-South Africa relations,” Ramaphosa wrote in a post on X. Continue reading...

Economics

5 d. ago China schools Trump on the art of a tariff deal: Don’t threaten us

Donald Trump has announced he’s willing to back way off Chinese tariffs after his levy package hit the stock market, the strength of the dollar, small businesses and American jobs.

Economics

5 d. ago A dozen US states sue to stop Trump’s ‘reckless and insane’ tariff policy

Lawsuit rebukes claim that president can arbitrarily impose tariffs based on act intended for emergenciesA dozen states sued the Trump administration in the US court of international trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy.The lawsuit said the policy put in place by Donald Trump has been subject to his “whims rather than the sound exercise of lawful authority”. Continue reading...

Politics

5 d. ago UK must take impact of trade wars ‘very seriously’, says Bank governor

Andrew Bailey said the central bank is currently ‘working through’ the implications of US President Donald Trump’s tariff plans.

Events

5 d. ago Rachel Reeves says US trip about more than 'damage limitation' as she signals UK could lower import levies on American cars in bid for trade deal with Donald Trump

The Chancellor is in Washington for IMF meetings and talks with other G20 finance ministers to discuss the impact of the US president on global commerce.

Politics

5 d. ago Xi contrasts China’s clean energy promises with Trump turmoil

Virtual meeting of leaders also hears UN’s António Guterres proclaim ‘no group or government’ can stop green revolutionChina will continue to push forward on the climate crisis, Xi Jinping has said while appearing to criticise the “protectionism” of Donald Trump’s tariff policies.The Chinese president was attending a closed-door virtual meeting with the UN secretary general, António Guterres, Brazil’s president, Luiz Inácio Lula da Silva, the European Commission president, Ursula von der Leyen, and about a dozen other heads of state and government to discuss the climate crisis. Continue reading...

Politics

5 d. ago FTSE 100 jumps amid global stock rally after Trump rows back on tariff threats

The US president said that sky-high trade tariffs on China will ‘come down substantially but it won’t be zero’, prompting stock markets to surge.

Politics

6 d. ago UK business output slumps in first sign of impact of Trump tariff chaos

Closely watched PMI Index points to falling output amid plummeting confidence

Politics

6 d. ago New tax rises warning as UK borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March - equal to £95,300 per household

Events

6 d. ago New tax rises warning as borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March, says the ONS

Events