5 d. ago 'Wolf of Wall Street' gives his view on whether Trump is committing insider trading with tariff trade war

Stocks soared on Trump's tariffs pause with the S&P500 closing up 9.5%, while the market gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days

Politics

6 d. ago Trump ignites ‘insider trading’ accusations after global tariffs U

US president posted it was ‘a great time to buy’ on social media just hours before dramatic about-faceBusiness live – latest updatesDonald Trump is facing accusations of market manipulation after posting on social media that it was a “great time to buy” just hours before he made a dramatic U-turn on his trade war that led to big rises in stock markets around the world.Shortly after American markets opened on Wednesday morning, Trump wrote on his social media platform Truth Social: “THIS IS A GREAT TIME TO BUY!!! DJT”. Continue reading...

Politics

7 d. ago As Trump ignites tariff war, a US city is embracing Canadians with all its heart

An estimated 300,000 Canadians visit Palm Springs each year and Trump’s levies threaten tourism in the regionWorried that Donald Trump’s policies are scaring away Canadians, a key segment of their tourist industry, a California resort city has put up “Palm Springs Loves Canada” signs across its downtown.“It was a gesture to let our Canadian visitors know that what happens in Washington DC, is not the way that Palm Springs is looking at Canada,” Ron deHarte, the city’s mayor, said of the signs, which were installed on Friday. Continue reading...

Politics

1 week ago Will Trump’s tariffs ignite a global trade war? Today in Focus Extra – podcast

Donald Trump has introduced eye-watering tariffs on countries around the world. Will they ‘make America wealthy again’? Richard Partington reportsDonald Trump is on a mission to ‘make America wealthy again’. Speaking outside the White House, he said for too long the country had been ‘looted, pillaged, raped and plundered by nations near and far, both friend and foe alike’. Now that would come to an end, he said, as he slapped eye-watering tariffs on countries around the world.The Guardian’s senior economics correspondent, Richard Partington, explains why Trump has taken such action and how it could affect the global economy. ‘It could come at huge costs to consumers,’ he says, as markets around the world react with confusion. With prices in the US also likely to rise, will voters soon rue what the president has called ‘liberation day’? Continue reading...

Politics

1 week 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

1 week ago Trump hits UK with 10% tariffs as he ignites global trade war

Britain gets off comparatively lightly but US president’s action could still cost billions in lost growthUS politics – latest updatesDonald Trump has hit the UK with tariffs of 10% on exports to the US as he ignited a global trade war that could wipe billions off economic growth.The US president accused other nations, including allies, of “looting, pillaging, raping and plundering” the US, as he announced tariffs on economic rivals including 20% on the EU and 34% on China as part of what he dubbed “liberation day”. Continue reading...

Events

2 w. ago Running shoe brand Hoka accused of misappropriating Māori culture

Intellectual property experts say company’s Māori name – which means ‘to fly’ – needs to be acknowledged and ‘respected’Popular sportswear company Hoka has been accused of failing to acknowledge the Māori origins of its name by Indigenous intellectual property experts in New Zealand, making it the latest in a string of global brands to be accused of misappropriating Māori culture.The French American firm, which specialises in running shoes, takes its name from the Māori word hoka, meaning “to fly”. Its logo, a bird in flight, mirrors the word’s meaning, as does its tagline “fly, human, fly”. Continue reading...

Politics