1 hour ago Trump slashes tariffs for UK cars and steel as Britain opens up its markets to more US beef in trade deal

The US president said it was a 'very big and exciting day' for America and Britain

Economics

4 h. ago Trump slashes tariffs for UK cars and steel but trade deal row looms on US beef imports to Britain

The US president said it was a 'very big and exciting day' for America and Britain

Economics

5 h. ago Bill Gates says his Foundation will close in 2045 and decries Musk for USAID cuts

Microsoft co-founder accuses Trump ally of ‘killing the world’s poorest children’ by slashing US aid fundingBill Gates announced plans on Thursday to shutter the Gates Foundation in 2045 and also strongly criticized Elon Musk for slashing funding to the US Agency for International Development (USAID), accusing the Tesla CEO of “killing the world’s poorest children” in new interviews.In an interview with the Financial Times published on Thursday, Gates condemned the sudden funding cuts to USAID by Musk’s so-called “department of government efficiency” (Doge), saying the cuts had led to life-saving food and medicines expiring in warehouses, and could result in the resurgence of diseases such as measles, HIV and polio. Continue reading...

Politics

6 h. ago Trump is slashing US spending on climate aid. But all is not lost

Developing countries will be hit hard by the US president’s decision to cut all aid spending on climate projects, writes Nick Ferris. But other countries will fill some of the gap left by the Trump’s retreat, writes Nick Ferris

Politics

22 h. ago FBI director says bureau needs more funding than what Trump administration budget proposal calls for

FBI Director Kash Patel is breaking with the Trump administration over a budget proposal that would dramatically slash funding for the bureau

Politics

3 d. ago Donald Trump to stop world from finding aliens as he slashes NASA budget

EXCLUSIVE: Likely to be axed by Trump is a joint effort with the European Space Agency to bring material collected by NASA’s Perserverance rover on Mars back to Earth

Politics

5 d. ago Mass resignations at labor department threaten workers in US and overseas, warn staff – as more cuts loom

Exclusive: Insiders sound alarm over ‘catastrophic’ impact of widespread departures and cuts under TrumpA “catastrophic” exodus of thousands of employees from the US Department of Labor threatens “all of the core aspects of working life”, insiders have warned, amid fears that the Trump administration will further slash the agency’s operations.The federal agency has already lost about 20% of its workforce, according to employees, as nearly 2,700 staff took retirement, early retirement, deferred resignation buyouts or “fork in the road” departures earlier this year. Continue reading...

Events

5 d. ago Donald Trump's 2026 budget proposal: Trump wants $1 trillion for defense but slashes domestic spending

The White House unveiled President Donald Trump's 2026 budget proposal on Friday, which aims to drastically reduce or even eliminate funding for numerous government programmes

Economics

6 d. ago Trump live: President’s unprecedented budget proposal slashes $163 billion in federal spending

Despite steep cuts to non-defense discretionary spending, huge military parade still being planned for president’s birthday in June

Economics

7 d. ago Tesla denies board search for Elon Musk’s successor; Trump tariffs to slash growth, says Bank of Japan – business live

Live, rolling coverage of business, economics and financial markets as US electric carmaker says report board is looking for next Tesla boss is ‘absolutely false’National Grid, the FTSE 100 company that owns the UK’s electricity network, has appointed Shell oil executive Zoë Yujnovich as chief executive after the retirement of John Pettigrew.Yujnovich was until recently working at FTSE 100 oil company Shell, where she was director of integrated gas and upstream (oil production) and a member of the executive committee. She previously led the Iron Ore company of Canada, part of Rio Tinto.I firmly believe in the vital function energy companies play in driving change and creating value. On both sides of the Atlantic National Grid has an essential role to play in making energy secure, affordable and reliable for our customers and communities. I’m excited about leading National Grid as it delivers on the growth opportunities ahead. Continue reading...

Economics

8 d. ago President Trump celebrates 'historic' 100 days in office after slashing aid and sweeping deportations

In just 100 days, Donald Trump has managed to consolidate his grip on power by slashing the federal government with Elon Musk, as well as send world trade into complete disarray

Politics

9 d. ago Trump 100 days: ‘unpredictable’ US alienates allies and disrupts global trade

Trump has cut off Ukraine aid, brokered and lost a ceasefire in Gaza and took a sledgehammer to world commerce100 days of TrumpFor US foreign policy, Donald Trump’s first 100 days in office were the weeks when decades happened.In just over three months, the US president has frayed alliances that stood since the second world war and alienated the US’s closest friends, cut off aid to Ukrainians on the frontlines against Vladimir Putin, emboldened US rivals around the world, brokered and then lost a crucial ceasefire in Gaza, launched strikes on the Houthis in Yemen and seesawed on key foreign policy and economic questions to the point where the US has been termed the “unpredictable ally”. Continue reading...

Politics

9 d. ago Trump 100 days: from cornerstone of the west to unreliable ally

Trump has cut off Ukraine aid, brokered and lost a ceasefire in Gaza and took a sledgehammer to world commerce100 days of TrumpFor US foreign policy, Donald Trump’s first 100 days in office were the weeks when decades happened.In just over three months, the US president has frayed alliances that stood since the second world war and alienated the US’s closest friends, cut off aid to Ukrainians on the frontlines against Vladimir Putin, emboldened US rivals around the world, brokered and then lost a crucial ceasefire in Gaza, launched strikes on the Houthis in Yemen and seesawed on key foreign policy and economic questions to the point where the US has been termed the “unpredictable ally”. Continue reading...

Politics

1 week ago Trump administration’s budget cuts endanger Meals on Wheels: ‘life and death implications’

Trump team’s slashes to US health department threaten popular program that combats elder hunger and isolationThe Trump administration’s slashes to the Department of Health and Human Services is threatening Meals on Wheels, the popular program dedicated to combatting senior hunger and isolation. Despite decades of bipartisan support, Meals on Wheels now faces attacks from Republicans whose budget blueprint paves the way for deep cuts to nutrition and other social safety-net programs as a way to pay for tax cuts for the wealthy.It’s a move anti-hunger advocates and policy experts warn could have disastrous ramifications for the millions of older Americans who rely on the program to eat each day. Continue reading...

Politics

2 w. ago Trump wants to slash suicide lifeline for LGBT+ kids – despite it being the second biggest cause of death for American youth

The 988 crisis line connects thousands of young LGBT+ people to counseling every month

Events

2 w. ago Rachel Reeves warned she can't just blame Donald Trump's tariffs for faltering economy as IMF slashes its growth forecast for Britain

In a brutal verdict on Labour's economic record, it said domestic factors had played the 'biggest role' in its decision to downgrade its UK growth forecast.

Events

2 w. ago Trump tariffs chaos will slash UK economic growth and spike inflation, says IMF in double blow to Reeves

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Economics

2 w. ago UK economic growth forecast slashed as Trump’s tariffs hit Britain harder than Europe

The downgrade to Britain’s growth forecasts heightens the importance of Rachel Reeves securing a trade deal for the UK

Economics

2 w. ago Trump administration makes major cuts to Native American boarding school research projects

At least $1.6 million in federal funds for projects meant to capture and digitize stories of the systemic abuse of generations of Indigenous children in boarding schools at the hands of the U.S. government have been slashed due to federal funding cuts under President Donald Trump’s administration

Politics

2 w. ago Wall Street slashes stock market forecasts amid Trump tariff fears

Banks expect gain of just 2% for S&P 500 this year, with JPMorgan and BofA among those lowering estimates

Politics