7 h. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

7 h. ago Volatility grips global stock markets as Trump insists on tariff ‘medicine’

Wall Street swings in and out of red as turmoil from US president’s assault on world trade enters second weekTrump threatens additional 50% tariffs on China over retaliatory leviesWhich Trump-backing billionaires have lost the most?Extreme volatility plagued global stock markets on Monday, with Wall Street swinging in and out of the red as Donald Trump defied stark warnings that his global trade assault will wreak widespread economic damage, comparing new US tariffs to medicine.A renewed sell-off began in Asia, before hitting European equities and reaching the US. It was briefly reversed amid hopes of a reprieve, only for Trump to threaten China with more steep tariffs, intensifying pressure on the market. Continue reading...

Politics

8 h. ago Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Larry Fink says most CEOs he talked to agreed with assessment; US indexes see sharp ups and downs; UK index loses nearly 4.5% US politics live: Trump threatens China with additional tariffsVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

9 h. ago How do you price the risk of ‘economic nuclear winter’? The market hasn’t a clue | Nils Pratley

While US bosses look terrified of being labelled unpatriotic over Trump’s tariffs, stock markets are trading on guessworkVolatility grips global stock markets as Trump insists on tariff ‘medicine’What is the correct level of fall in the stock market if the US president declares economic war on the rest of the world even at the risk of causing a recession in his own country? Does 10% capture it? Or 12%, which was roughly the S&P 500 index’s three-day decline by the time the London market closed on Monday? Or 15%? How about 20%? More? A lot more?During three straight days of heavy falls in the share prices everywhere, a striking feature has been the absence of wise old market heads popping up to argue that the panic is perhaps a little overdone and fair value is emerging. Instead, the collective mood is stuck in bewildered mode for understandable reasons. Continue reading...

Economics

12 h. ago Rollercoaster for US stock markets as tariff uncertainty puts investors on edge

Wall Street shows some recovery after initial falls as Trump’s team dismiss rumours of a 90-day pause on tariffs as ‘fake news’US Politics Live: Trump says Federal Reserve should cut ratesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

13 h. ago Keir Starmer tells firms 'we have your back' as Trump's 'nuclear winter' tariffs hammer Wall St and the FTSE and the EU says it is ready to do a deal

The PM and Chancellor Rachel Reeves used a visit to a Jaguar Land Rover to fight to lessen the impact of the US import tax regime, as Wall Street became the latest market to nose dive.

Economics

16 h. ago Trump condemns the world to a financial 'nuclear winter': FTSE plummets to lowest level in a year, cryptocurrency joins the plunge as defiant President insists world must take his 'medicine'

The FTSE 100 was again whacked today by the fallout from the president's astonishing move to hike import taxes on goods entering the US, hitting its lowest lowest level in a year.

Politics

18 h. ago FTSE plummets to lowest level in a year as Trump says the world must take his 'medicine' and Asian markets are hit by worldwide financial chaos

The FTSE 100 slumped more than 6 per cent after opening at 8am, having seen its worst day since the pandemic on Friday.

Events

20 h. ago Trump tariffs carnage threatens 'economic nuclear winter' as FTSE and global markets in Black Monday meltdown

Britain was racing to save its car industry from the US import levies

Economics

20 h. ago FTSE shares plummet on opening as Trump says the world must take his 'medicine' and Asian markets are hit by worldwide financial chaos

The FTSE 100 slumped more than 6 per cent after opening at 8am, having seen its worst day since the pandemic on Friday.

Events

4 d. ago Macron suggests pause on US investment as EU leaders condemn Trump tariffs

Von der Leyen calls tariffs ‘a major blow to world economy’ while calling for last-ditch negotiationsEuropean leaders have condemned Donald Trump’s tariffs as “fundamentally wrong” and creating an “immense difficulty for Europe”, while appealing for last-ditch negotiations to avert an all-out trade war.The French president, Emmanuel Macron, said Trump’s decision to impose tariffs was “brutal and unfounded” and appeared to call for a suspension of French investment in the US until the tariffs were clarified. Continue reading...

Politics

4 d. ago EU leaders condemn Trump’s ‘catastrophic’ tariffs as trade war opens up

EU leaders look to take steps to counter the 20 per cent tariffs on exports to the US brought in by Donald Trump

Politics

4 d. ago US stocks tank and dollar slumps as Trump tariffs hit trading

The S&P 500 was plummeting about 4% shortly after markets opened, hitting the lowest level since September.

Events

4 d. ago Furious EU condemns Trump's 'major blow to the world economy', accuses US of creating 'chaos' and threatens counter

Responding to the sweeping tariffs, including 20 percent on EU exports to the US, EU chief Ursula von der Leyen said there will 'will be dire for millions of people around the globe.'

Events

5 d. ago Who is Cory Booker as he breaks record for longest Senate speech with fiery Trump condemnation?

US Senator Cory Booker delivers a record-breaking 25-hour speech in the Senate, criticising Donald Trump's agenda and highlighting Democratic efforts to challenge the president

Politics

6 d. ago Cory Booker breaks record for longest speech by US senator as he condemns Trump policies for more than 24 hours – live

Democratic senator slams Trump administration’s various policies and beats the all-time US record held by Strom Thurmond (24 hours and 18 minutes)Cory Booker holds marathon Senate speech to warn of Trump’s ‘harmful’ policiesUS voters are headed to the polls on Tuesday in Wisconsin and Florida in elections that some see as a test of Donald Trump’s popularity and the political clout of his billionaire ally Elon Musk.The most closely watched contest is a battle for a seat on Wisconsin’s seven-member supreme court. Conservatives are trying to flip ideological control of the court, which currently has a 4-3 liberal majority. The contest, which features liberal judge Susan Crawford facing off against conservative Brad Schimel, will have huge consequences in the state. Continue reading...

Politics

6 d. ago Cory Booker breaks record for longest Senate speech with Trump condemnation

In speech that began Monday night, Democratic senator warns of ‘grave and urgent’ danger of Trump administrationUS politics – latest updatesCory Booker, the Democratic US senator from New Jersey, has broken the record for longest speech ever by a lone senator – beating the record first established by Strom Thurmond, who filibustered for 24 hours and 18 minutes in opposition to the Civil Rights Act of 1957.Booker’s speech, which began at 7pm on Monday night, was not a filibuster but instead an effort to warn of what he called the “grave and urgent” danger that Donald Trump’s presidential administration poses to democracy and the American people. Continue reading...

Politics

6 d. ago Russia issues chilling threat as Vladimir Putin 'condemns' Donald Trump's latest outburst

Dealmaker Donald Trump has issued a chilling threat to Iran, saying that if it refused to negotiate on its nuclear program, he would bomb the country "the likes of which they have never seen before"

Politics

6 d. ago Former top judge condemns ‘unjustifiable interference’ by Trump over UK free speech

Lord Sumption, the former head of the UK Supreme Court, has lashed out after it was revealed the US State Department had attacked Britain, citing concerns about ‘freedom of expression’ in the UK

Politics

1 week ago Judge blocks Trump’s move to dismantle consumer protection watchdog – US politics live

President had targeted Consumer Financial Protection Bureau (CFPB) for mass terminationsCanadian prime minister Mark Carney and Donald Trump’s first phone call will take place this morning, a source with knowledge of the matter has told Radio-Canada.It will be their first conversation as leaders and comes days after Trump announced plans to impose sweeping 25% tariffs on cars from overseas, a move Carney condemned as a “direct attack” on Canadian workers. Trump later threatened further tariffs if the EU worked with Canada “in order to do economic harm to the USA”. Carney said:We will defend our workers, we will defend our companies, we will defend our country, and we will defend it together.I’m available for a call, but you know, we’re going to talk on our terms as a sovereign country, not as what he pretends we are. Continue reading...

Politics