10 h. ago US tariff war hurting trade with China; M&S tells hundreds of warehouse agency staff not to come to work after cyber

Rolling coverage of the latest economic and financial newsBack in Beijing, China’s foreign ministry has said President Xi Jinping had not spoken to Donald Trump.The ministry also denied that the two administrations are in talks to strike a tariff deal, which contradicts a claim from Trump last week.“As far as I know, the two heads of state have not called each other recently,“I would like to reiterate that China and the U.S. have not conducted consultations or negotiations on the tariffs issue. Continue reading...

Economics

13 h. ago Trump's tariff wars 'are not working,' says France's chief banker highlighting US recession fears

Francois Villeroy de Galhau slammed the uncertainty the US president’s import levies have sparked in economies and markets around the world

Economics

17 h. ago Canada set to vote in election overshadowed by Trump’s tariff and annexation threats

Liberal party looked headed for defeat until American president began threatening Canada's economy and sovereignty

Politics

18 h. ago China stockpiles oil as Trump tariff shock hits crude prices

Imports surged in March and continued to accelerate despite concerns global economy will weaken

Events

37 h. ago How Trump's 100 days of havoc took a huge chunk from your pension and investments: ALEX BRUMMER

Trump's landmark period is like no other in modern presidential politics, leaving businesses and investors in a state of trepidation.

Politics

49 h. ago ALEX BRUMMER: Donald Trump's 100 days of havoc takes huge chunk from your pension

Trump's landmark period is like no other in modern presidential politics, leaving businesses and investors in a state of trepidation.

Politics

3 d. ago Only a third of Americans approve of Trump’s tariffs in latest imploding poll

In yet another survey, over half of respondents said words like ‘scary’ and ‘chaotic’ well described Trump’s administration

Politics

3 d. ago Massive blow to Trump as Japanese car giant moves manufacturing OUT of US in tariff twist

Subaru is reshuffling its supply chain in response to President Donald Trump's tariff upheavals.

Politics

3 d. ago Secrets of the baked bean: HARVEY DORSET goes inside Wigan's Heinz factory

We find out some surprising facts about Britons' favourite bean - from laser inspections to being baked inside the can.

Politics

3 d. ago Trump administration tipped off Wall Street execs about possible India tariff deal: Fox report

The move raises new accusations of insider trading by the Trump administration and its cronies

Economics

3 d. ago UK consumer confidence hit in April by Trump tariff concerns

All measures of leading survey drop as price rises and US import taxes bite

Politics

4 d. ago China calls reports of ongoing US tariff talks ‘baseless’ while Trump claims administration ‘actively’ seeking deal – live

Spokesperson for China’s ministry of commerce says any claims of progress in China-US negotiations are ‘without factual evidence’South Africa’s President Cyril Ramaphosa has said he talked about the war in Ukraine and the need to foster good bilateral relations with the US in his phone call with Donald Trump.“We both agreed that the war should be brought to an end as soon as possible to stop further unnecessary deaths... to meet soon to address various matters regarding US-South Africa relations,” Ramaphosa wrote in a post on X. Continue reading...

Economics

4 d. ago Revolut to start British banking operations this year as profits surge

Revolut expects to finally start operating as a UK bank in 2025 after the challenger's profits and revenues surged last year.

Economics

4 d. ago China schools Trump on the art of a tariff deal: Don’t threaten us

Donald Trump has announced he’s willing to back way off Chinese tariffs after his levy package hit the stock market, the strength of the dollar, small businesses and American jobs.

Economics

4 d. ago A dozen US states sue to stop Trump’s ‘reckless and insane’ tariff policy

Lawsuit rebukes claim that president can arbitrarily impose tariffs based on act intended for emergenciesA dozen states sued the Trump administration in the US court of international trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy.The lawsuit said the policy put in place by Donald Trump has been subject to his “whims rather than the sound exercise of lawful authority”. Continue reading...

Politics

5 d. ago UK must take impact of trade wars ‘very seriously’, says Bank governor

Andrew Bailey said the central bank is currently ‘working through’ the implications of US President Donald Trump’s tariff plans.

Events

5 d. ago Rachel Reeves says US trip about more than 'damage limitation' as she signals UK could lower import levies on American cars in bid for trade deal with Donald Trump

The Chancellor is in Washington for IMF meetings and talks with other G20 finance ministers to discuss the impact of the US president on global commerce.

Politics

5 d. ago Xi contrasts China’s clean energy promises with Trump turmoil

Virtual meeting of leaders also hears UN’s António Guterres proclaim ‘no group or government’ can stop green revolutionChina will continue to push forward on the climate crisis, Xi Jinping has said while appearing to criticise the “protectionism” of Donald Trump’s tariff policies.The Chinese president was attending a closed-door virtual meeting with the UN secretary general, António Guterres, Brazil’s president, Luiz Inácio Lula da Silva, the European Commission president, Ursula von der Leyen, and about a dozen other heads of state and government to discuss the climate crisis. Continue reading...

Politics

5 d. ago FTSE 100 jumps amid global stock rally after Trump rows back on tariff threats

The US president said that sky-high trade tariffs on China will ‘come down substantially but it won’t be zero’, prompting stock markets to surge.

Politics

5 d. ago Tesla shares accelerate as Elon Musk vows to step back from White House

Musk says from next month he will only works a day or two per week for President Donald Trump's White House.

Events