3 h. ago Trump live: President asks drugmakers to voluntarily lower prices but offers no plan to enforce it

It comes as Trump has defended reports the Qatari royal family will gift a $400 million Boeing jet to the president to use as the new Air Force One

Politics

3 h. ago Trump says tariffs on China imports won’t return to 145% and that he sees a deal – live

Trump warns US could raise tariffs after 90-day pause on trade war with China but expresses confidence a deal will be madeChina and US agree 90-day pause to trade warQatar has offered to donate a plane to the United States and details are still being worked out, White House spokeswoman Karoline Leavitt said on Monday.“The Qatari Government has graciously offered to donate a plane to the Department of Defense. The legal details of that are still being worked out,” Leavitt said in an interview with Fox News. Continue reading...

Economics

4 h. ago Nissan to cut 20,000 jobs globally as sales fall in China and the US

The Japanese car maker, which operates a factory in Sunderland, is planning to axe over 10,000 more jobs than originally planned as it seeks to make 400 billion yen (£2billion) in savings.

Politics

4 h. ago Trump says US ‘not looking to hurt China’ and plans to speak to Xi

US stocks jump in morning trading while oil and dollar rise as countries reverse punitive levies

Politics

5 h. ago Trump live updates: President vows to cut drug prices by 59 percent through executive order

It comes as Trump has defended reports the Qatari royal family will gift a $400 million Boeing jet to the president to use as the new Air Force One

Politics

6 d. ago ‘I’m not trying to hurt the industry’: Trump softens tone on movie tariffs

California governor Gavin Newsom announces a $7.5bn tax incentive scheme as Trump’s announcement of 100% tariffs on films ‘produced in foreign lands’ is mocked by Jimmy Kimmel and Fallon Donald Trump appears to be softening his tone after widespread dismay in Hollywood and further afield at his bombshell announcement of 100% tariffs on films “produced in foreign lands”, saying he was “not looking to hurt the industry”.In remarks reported by CNBC, Trump said he was planning to discuss the plan with film industry leaders. “I’m not looking to hurt the industry, I want to help the industry.” Continue reading...

Politics

6 d. ago Europe’s last maker of key antibiotics ingredients shuts biggest domestic factory

Xellia Pharmaceuticals to close Copenhagen plant and shift some production to China

Events

1 week ago Trump's tariffs loom over the economy as shipments from China fall

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next

Politics

1 week ago Trump brags that he hurt MAGA ally Pierre Poilievre in Canada election — as Liberals grab win

Canada’s incumbent Liberal Party is staying in power thanks to a wave of anti-American feeling catalyzed by Donald Trump’s policies

Politics

2 w. ago China seizes control of disputed reef and plants national flag near Philippine military base

Chinese media says coastguard units entered remote sandbank, known in China as Tiexian Reef, ‘to exercise sovereignty’

Events

2 w. ago ‘Very problematic’: US apparel bosses say Trump’s tariffs will hurt Americans

The president aims to boost US manufacturing, but insiders warn tariffs will increase costs and destroy businessesAcross the US, many executives leading apparel and textiles businesses are scratching their heads.Tariffs of 145% on goods from China, and tariffs of 10% on goods from much of the rest of the world, have been billed by the White House as a once-in-a-generation efffort to boost domestic manufacturing. Continue reading...

Politics

2 w. ago Xi announces plan for Chinese economy to counter impact of US trade war

Beijing will ‘strengthen bottom-line thinking’ as reports say it could drop tariffs on some US products Business live – latest updatesXi Jinping has announced a plan to counter China’s continuing economic problems and the impact of the US trade war, as reports swirl that it could drop tariffs on some US products, including semiconductors.Friday’s meeting of the politburo was convened to discuss China’s economic situation, which since the pandemic has faced difficulties fuelled by a housing sector crisis, youth unemployment, and Donald Trump’s tariffs on all Chinese exports. Continue reading...

Events

2 w. ago China confirms bombshell plan to build nuclear base on MOON – and Vladimir Putin’s involved too

China's ambitious Chang'e-8 mission will aim to build a lunar base, and explore the use of a robotic arm and potentially a humanoid robot sent up to the moon to explore its surface

Events

2 w. ago China confirms its plans to build a nuclear plant on the MOON to power the research station it's 'dreaming up' with Russia

China is considering building a nuclear plant on the moon to power the International Lunar Research Station (ILRS) it is planning with Russia, a presentation by a senior official

Economics

2 w. ago Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intention” of firing the chair of the US central bank, Jay Powell.Weeks of tough talk on trade from White House officials have rattled investors and Trump now appears to be softening his tone. The president told reporters in Washington on Tuesday he planned to be “very nice” to China in trade talks and that tariffs could drop in both countries if they could reach a deal, adding: “It will come down substantially, but it won’t be zero.” Continue reading...

Politics

3 w. ago China sends back Boeing jet worth $55m as Trump tariffs continue to hurt trade

Beijing cautions third countries against making trade concessions to US at its expense

Politics

3 w. ago Trump turns on Elon Musk over secret China move that drew an angry X

President Donald Trump was furious when he learned Elon Musk was getting a secret briefing at the Pentagon over war plans with China and personally cancelled it.

Politics

3 w. ago China 'will no longer bid to build nuclear power plant in Essex' amid backlash over British Steel meltdown

The state-run China General Nuclear Power Group (CGN) had been looking to develop the proposed Bradwell B site in conjunction with French-owned EDF.

Events

3 w. ago Race to keep British Steel plant alive fuels China trade row

Beijing warns Britain to treat its firms fairly risk future investment

Politics

4 w. ago UK government says raw materials on way to British Steel furnaces

China warns against politicising crisis at Scunthorpe plant after ministers step in to take control

Politics