3 d. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump tariffs fuel recession fears – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nations, and Goldman Sachs say US recession more likelyWall Street shrinks in response to price pressures, stoking fears of Trump tariffsSwiss bank UBS has cut its forecast for the US stock market’s gains this year.Having previously forecast the S&P 500 shares index would end the year at 6,600 points (which would have been a 12% gain in 2025), UBS have now cut their end-year target to 6,400 points.“After considering the effects of tariffs and slower growth data so far in 2025, we now expect 6% earnings per share growth, and we have accordingly reduced our year-end target for the index to 6,400 (from 6,600).But this also means that there is still meaningful upside for broad US equities by year-end, in our view.”The Nikkei closed down 4%, while European indices are a sea of red. The sell off is broad based, with more than 550 of the Eurostoxx 600 stocks lower as investors take...

Economics

4 d. ago World markets and US dollar suffer worst monthly losses since 2022 as Trump trade war riles investors – business live

Shares slide after President Donald Trump says new reciprocal tariffs expected this week will include all nationsWall Street shrinks in response to price pressures, stoking fears of Trump tariffsEurope’s main stock indices are a sea of red, as investors react to Donald Trump’s declaration that the reciprocal tariffs he is set to announce this week will include all nations.Italy’s FTSE MIB index has dropped 1.4%, France’s CAC is down 1%, and Germany’s DAX has lost 0.95%.The tariffs imposed by the U.S. government and the fear of new announcements as early as Wednesday are creating a bleak atmosphere on trading floors worldwide. Just last Wednesday, the DAX was above 23,000 points, but it now appears that the index may soon test the 22,000 mark.The risk appetite seen in the initial weeks of the year has dissipated as investors and asset managers pull back, reduce positions, and refrain from taking on large new ones. The inclination to buy the dips has nearly vanished. Continue reading...

Economics

5 d. ago Shark attacks and sinkings: Submarine tragedy is latest blow for Egypt’s tourism

The Red Sea is a major hub for the country’s crucial tourism industry

Events

6 d. ago Egypt submarine crew made one fatal mistake before vessel sank killing 6 people

WARNING - DISTRESSING FOOTAGE: One tourist on The Sindbad submarine who survived described the panic as the tragedy unfolded in the Egyptian Red Sea destination of Hurghada

Events

6 d. ago Egypt Sindbad submarine sinking child victims identified as bodies 'still inside submerged vessel'

Lyudmila Gordeeva, 35, from Vyborg, in Russia, was killed with her daughter Sofia, 13, and one of her twin sons, aged three. It comes after a submarine horror in the Red Sea

Events

6 d. ago Chilling footage shows Egypt Sindbad submarine starting to sink as tourists scream

The nightmare unfolded as 45 tourists were preparing for a water adventure to the Red Sea's famous coral reefs.

Culture

6 d. ago Horrifying new video shows tourists screaming as doomed Egyptian submarine Sindbad starts to sink

Holidaymakers are heard screaming in fear as the Sindbad sub, with its hatch still open, started to dive beneath the Red Sea on Thursday while boarding was still underway.

Culture

7 d. ago How Red Sea tragedy that killed six mirrors 2012 tourist disaster at the SAME spot that claimed family's life

The shocking sinking of a tourist submarine in Egypt that claimed the lives six people yesterday bore chilling echoes of another catastrophe in the same spot just over a decade ago.

Events

7 d. ago Six dead after tourist submarine ‘dived with hatches still open’ in Egypt’s Red Sea, claims survivor

Thirty-nine people were rescued when the vessel sank off the coast of the city of Hurghada early on Thursday

Events

7 d. ago Egypt submarine disaster latest updates: Two children among six dead as tourist vessel sinks in Red Sea

MAILONLINE BLOG: Follow live updates as a tourist submarine carrying 44 people sinks in the Red Sea off the Egyptian cost sparking a major rescue operation.

Events

7 d. ago Six dead including two children after tourist submarine sinks in Egypt’s Red Sea

The Sindbad submarine sank close to the Red Sea harbour in Hurghada

Society

7 d. ago Six Russian tourists dead after submarine sinks in Red Sea, Egyptian officials say – latest updates

Incident took place near the popular Egyptian Red Sea resort of HurghadaThe Russian consulate in Hurghada said the submarine, named “SINDBAD”, had 45 Russian tourists on board in addition to crew members.The consulate said four people had died, but did not specify if they were Russian, Reuters reported.Six people have died and nine others are injured after a tourist submarine sank in the popular Egyptian Red Sea destination of Hurghada, two municipal officials said. AP reported that the officials were speaking on condition of anonymity because they were not authorised to brief the media.The incident, involving a recreational vessel operated by Sindbad Submarines, occurred in waters opposite Hurghada’s Marriot Hotel resort. Citing municipal officials, Reuters and Associated Press reported that six foreigners, whose nationalities are still unknown, had died. It was not immediately clear what caused the submarine to sink.The Russian embassy in Egypt has said that that all of the touris...

Politics

7 d. ago Egypt submarine latest: Children among six tourists killed after Sindbad vessel sinks

Emergency services have been called out to harbour in Red Sea coastal city of Hurghada

Events

7 d. ago Egypt Sindbad submarine tragedy sees three kids orphaned as parents killed in Red Sea sinking

The teen girl is reported to have lost both her parents after a tourist submarine suddenly sank off the coast of Egypt, leaving nine people dead and more injured

Events

7 d. ago How Egyptian submarine disaster is the latest tragedy to hit Red Sea tourists following deadly boat fire and shark attack

Thursday's tragic submarine sinking in the Red Sea has so far left six people dead and nine more injured, after the tourist vessel failed off the coast of the Egyptian city of Hurghada. 

Events

7 d. ago Egypt submarine latest: Six tourists dead after Sindbad vessel sinks with 44 passengers on board

Emergency services have been called out to harbour in Red Sea coastal city of Hurghada

Events

7 d. ago Egypt submarine disaster latest updates: Nationalities of first victims emerge as tourist vessel sinks in Red Sea

MAILONLINE BLOG: Follow live updates as a tourist submarine carrying 44 people sinks in the Red Sea off the Egyptian cost sparking a major rescue operation.

Events

7 d. ago Egypt submarine latest: Six tourists dead after Sindbad vessel sinks

Emergency services have been called out to harbour in Red Sea coastal city of Hurghada

Events

7 d. ago At least six dead after tourist submarine sinks in Egypt’s Red Sea

The Sindbad submarine sank close to the Red Sea harbour in Hurghada

Events

7 d. ago Egypt submarine disaster latest updates: Rescue mission launched after tourist vessel sinks in Red Sea

MAILONLINE BLOG: Follow live updates as a tourist submarine carrying 44 people sinks in the Red Sea off the Egyptian cost sparking a major rescue operation.

Events