3 d. ago The ‘new world order’ of the past 35 years is being demolished before our eyes. This is how we must proceed | Gordon Brown

We have seen the conflict and tragedy that can follow when an old era collapses. Countries that believe in multilateralism must come together nowThis is the second in a two-part series on the global response to Donald Trump’s tariffs Read part one: Trump is pushing the world towards recession. By learning the lessons of 2008, we can still prevent itAfter a week that started with the worst financial volatility in recent history and ended with the most serious escalation so far of the China-US conflict, it is time to distinguish the tectonic shifts from the tremors. If nothing changes, the 2020s risks being remembered as this century’s devil’s decade – the term historians once used for the 1930s. It will be defined not just by seven million people who have died of Covid-19 and rising global poverty and inequality – but also by a dismembered Ukraine, a burnt-out Gaza and little-reported atrocities in Africa and Asia, each testimony to the violent displacement of a rules-based global or...

Politics

5 d. ago What is a recession? Gordon Brown warns Trump is pushing the world towards recession

‘No more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession,’ warns former prime minister

Events

5 d. ago Gordon Brown calls for ‘economic coalition of the willing’ to tackle Trump tariffs

Former PM says it is also the moment for the UK to go even further in renewing ties with the EUTrump is pushing the world into recession. By learning the lessons of 2008, we can still prevent it | Gordon BrownGordon Brown has called for an “economic coalition of the willing” to respond to Donald Trump’s tariffs with coordinated economic policies, including a reduction of interest rates.The former prime minister also said it was a moment for the UK to go even further in renewing ties with the EU, suggesting it should mean “collaboration that is even more extensive than removing post-Brexit trade barriers”. Continue reading...

Economics

5 d. ago Trump is pushing the world into recession. By learning the lessons of 2008, we can still prevent it | Gordon Brown

As I discovered then, global problems need international responses. By working together, we can protect jobs and living standardsThis is the first in a two part series on the global response to Donald Trump’s tariffsNo more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession. As China and the US decouple, disruptive trade wars are intensifying and threaten to descend into currency wars; import, export, investment and technology bans; and financial fire sales that will destroy millions of jobs worldwide. It seems barely credible that the world is being brought to its knees by one economy, outside of which live 96% of the population, who produce 84% of the world’s manufactured goods. But even though US officials have previously talked of a tariff policy of “escalate to de-escalate”, Donald Trump’s aim is to force manufacturing back to the US, and his 90-day relaxation of some tariffs does not mean he intends to defuse the crisis.On Monday, ...

Politics

5 d. ago Trump is pushing the world towards recession. By learning the lessons of 2008, we can still prevent it | Gordon Brown

As I discovered then, global problems need international responses. By working together, we can protect jobs and living standardsThis is the first in a two part series on the global response to Donald Trump’s tariffsNo more than a narrow window of opportunity remains if we are to prevent an unnecessary global recession. As China and the US decouple, disruptive trade wars are intensifying and threaten to descend into currency wars; import, export, investment and technology bans; and financial fire sales that will destroy millions of jobs worldwide. It seems barely credible that the world is being brought to its knees by one economy, outside of which live 96% of the population, who produce 84% of the world’s manufactured goods. But even though US officials have previously talked of a tariff policy of “escalate to de-escalate”, Donald Trump’s aim is to force manufacturing back to the US, and his 90-day relaxation of some tariffs does not mean he intends to defuse the crisis.On Monday, ...

Politics

2 w. ago Recession odds are increasing as Trump pushes his trade war further, top financial firm says

Recession fears mount as Trump set to begin ‘Liberation Day’ tariff agenda this week

Economics