11 h. ago El Chapo's sons 'will never be seen again' as they make plea deal with US

Ovidio and Joaquín Guzmán López are both expected to iron out plea deals with Donald Trump's US Attorney's Office, that could mean they are never seen again in the same context

Economics

17 h. ago Hegseth says Nato allies ‘very close’ to raising defence spending target to 5%

US defence secretary says he expects goal of 5% of GDP in next decade to be agreed this monthThe US defence secretary, Pete Hegseth, said Nato allies were “very close, almost near consensus” to an agreement to significantly raise targets for defence spending to 5% of GDP in the next decade.The Trump administration official indicated he expected the increased target to be agreed at a summit in The Hague later this month – and confirmed that the headline figure was to be split into two parts. Continue reading...

Events

22 h. ago Europe's central bank expected to lower interest rates as Trump's trade war threatens growth

Lower inflation and concern that U.S. President Donald Trump’s trade war will slow already modest growth have cleared the way for the European Central Bank to cut interest rates at Thursday’s policy meeting, a step that would lower borrowing costs for consumers and businesses and promote economic activity

Events

3 d. ago UK will slump to 1% growth next year as Trump tariffs bite, says OECD

US, Mexico and Canada economies likely to be worst affected by ongoing tariff battles, says forecastBusiness live – latest updatesThe UK’s economic growth will be slower than expected this year and next as the damage caused by Donald Trump’s tariff war hits trade and investment, according to a gloomy forecast by the Organisation for Economic Co-operation and Development (OECD).The international body downgraded its expectations for this year and next from a forecast made in March, pushing down UK growth from 1.4% to 1.3% in 2025 and from 1.2% to 1% next year. Constraints on Whitehall spending and higher than expected inflation also played a part in a downgrade, the OECD said. Continue reading...

Politics

6 d. ago Trump praises Elon Musk for ‘colossal change’ as Doge adviser says farewell

US president presents top ally with golden key as Musk says Doge unit ‘will only grow stronger over time’Donald Trump saw Elon Musk off from the White House on Friday, as the Tesla chief concluded his more than four months leading the so-called department of government efficiency’s disruptive foray into federal departments that achieved far fewer cost savings than expected.Standing alongside Trump in the Oval Office, Musk, who faced a 130-day limit in his tenure as a special government employee that had ended two days prior, vowed that his departure “is not the end” of Doge. Continue reading...

Politics

7 d. ago ICE gets staggering new mission that will leave illegal migrants terrified

White House Deputy Chief of Staff Stephen Miller said the new goal is only temporary and the number of daily arrests expected under the Trump administration will continue to rise.

Events

7 d. ago Trump tariffs live: President to fight trade ruling as White House claims ‘unelected’ judges ‘brazenly abusing’ powers

Wall Street opened higher on news that court has struck down Trump’s tariffs, though further expected uncertainty tempered gains, as the Dow slipped into negative territory

Events

7 d. ago It’s been a big, beautiful week of bad news for Trump. But don’t expect it to stick | Zoe Williams

Elon Musk is tapping out, and a court has stepped in on tariffs. But the wheels coming off doesn’t mean the bus is stoppingNothing is going according to plan for the Trump administration. The big, beautiful bill, originally vaunted to save the US taxpayer at least $2tn, so far, according to projections, delivers savings in the region of $9.4bn. Elon Musk has exited government, saying he wasn’t in favour of the bill, which could be big, or beautiful, but in this case, not both. Musk’s government contract ran for only 120 days, so it would have been up at the end of this week anyway.Just to try to lasso those words back to an observable reality where they might mean something, the bill isn’t all that big; there are some very vindictive moves around Medicaid entitlement, intended to fund tax cuts elsewhere, that will have seismically bad outcomes for vulnerable individuals without necessarily burning a hole in anyone else’s pocket. Tips and overtime are exempted from tax, but probably ...

Politics

8 d. ago Nvidia beats Wall Street expectations even as Trump tamps down China sales

Chip-manufacturing company, widely seen as bellwether for AI business, reports $44.1bn in revenue for quarterNvidia beat Wall Street expectations in its quarterly earnings report on Wednesday, marking another in a string of financial wins for the computer hardware giant. It reported $44.1bn in revenue in the quarter ending in April, up 69% from the previous year.The company exceeded investors’ predictions of $43.3bn in revenue. Adjusted earnings per share came in at $0.81, under investor expectations of an adjusted earnings per share of 88 cents. The company also reported $39.1bn in data center revenue, up 73% from the year prior. Continue reading...

Politics

8 d. ago Wall Street expects growth from Nvidia even as Trump nixes $15bn in revenue

The chip-manufacturing company, widely seen as a bellwether for AI business, is expected to report its earningsNvidia is set to report its first quarter earnings after the bell on Wednesday. The company is a bellwether for the business of artificial intelligence, both in its cutting-edge hardware and the new regulatory headwinds it is facing, and investors will be watching closely.Wall Street expects the company to report $43.3bn in revenue, up 66% year over year, and adjusted earnings per share of 73 cents. There’s no company more important to “the markets and global investor sentiment” than the high-flying chipmaker, according to Wedbush Securities analysts. Continue reading...

Politics

8 d. ago Nvidia beats Wall Street’s expectations even as Trump tamps down China sales

Chip-manufacturing company, widely seen as a bellwether for AI business, reports $44.1bn in revenue for quarterNvidia beat Wall Street’s expectations in its quarterly earnings report Wednesday, marking another in a string of financial wins for the computer hardware giant. It reported $44.1bn in revenue in the quarter ending in April, up 69% from the previous year.The company exceeded investors’ predictions of $43.3bn in revenue . Adjusted earnings per share came in at $0.81, under investor expectations of an adjusted earnings per share of 88 cents. The company also reported $39.1bn in data center revenue, up 73% from the year prior. Continue reading...

Politics

1 week ago King Charles to deliver 'powerful message' as he walks 'diplomatic tightrope'

King Charles III is set to become the first British monarch to visit Canada in the 21st Century, and his speech is expected to send a clear message to US president Donald Trump

Politics

2 w. ago Here's what to expect at the Army's 250th anniversary parade on Trump's birthday

The Army has started loading up some of the tanks that will take to the streets of the nation’s capital during the 250th anniversary celebration of the service next month

Politics

2 w. ago Diddy trial latest: Kid Cudi expected to testify after Trump Tower ‘freak off’ detail revealed by male escort

Male escort known as ‘The Punisher’ testified about his first encounter with Sean Combs and Cassie Ventura at Trump Tower in New York City

Politics

2 w. ago South Africa’s Ramaphosa expected to take golf stars to Trump meeting

Ernie Els and Retief Goosen reportedly part of delegation as president seeks to reset ties after white ‘genocide’ claimsThe South African president, Cyril Ramaphosa, is expected to take the golfers Ernie Els and Retief Goosen with him to meet Donald Trump in the Oval Office on Wednesday, as the government attempts to reset relations with the US amid Trump’s accusations that it is fomenting a white “genocide”.Ramaphosa’s appeal to Trump’s love of golf, with the potential inclusion of Els and Goosen reported by South African local media, is part of his efforts to avoid a public dressing down of the kind Trump gave to the Ukrainian president, Volodymyr Zelenskyy, in February. Continue reading...

Politics

2 w. ago Trump expected to announce 'Golden Dome' space missile defenses that will cost billions

President Donald Trump is expected to announce the concept he wants for his future Golden Dome missile defense program

Events

2 w. ago Moody’s downgrades US credit rating from top level for first time amid fears over soaring debt

Credit rating agency sees no real effort by government to cut spending, expects fiscal performance to deteriorate, and Trump’s tariffs to significantly hurt nation's long-term growth

Politics

3 w. ago ITV set for ad sales fall but does not expect hit from Trump film tariff threat

The group said it was still assessing the ‘possibility of trade tariffs in the US’.

Events

3 w. ago UK economy grew faster than expected to 0.7% in first quarter of year ahead of Trump tariffs

Rachel Reeves says figures show government ‘making right choices’ but ‘there is more to do’

Politics

3 w. ago Trump meets Syria’s president after lifting US sanctions on country

Meeting with Ahmed al-Sharaa in Saudi Arabia seen as key towards recognition of new Syrian authority’s legitimacyUS politics live – latest updatesDonald Trump has met Syria’s president, Ahmed al-Sharaa, in Saudi Arabia and said that Washington is exploring normalising ties with Syria, a day after an announcement that all US sanctions on Syria would be lifted.The US president and Sharaa met before a conference of the Gulf Cooperation Council (GCC), part of Trump’s four-day visit to the Middle East, where he is expected to court Gulf allies for investments in the US. Trump is due to land in Doha next, where he will meet with Qatari leader, Emir Sheikh Tamim bin Hamad al-Thani. Continue reading...

Politics