17 h. ago When Trump tariffs hit French barrels and corks, California’s winemakers feel the squeeze

Small California producers say Trump’s EU levies are driving up costs and threatening family businessesKory Burke, a small producer of high-quality wines in central California, never believed that tariffs on imports from France or Italy could help boost his business. But he knew for sure they would be a big hindrance as soon as Donald Trump announced late last month that he was slapping a 15% levy on all goods from the European Union.“The first email I received was from my cork provider,” Burke recalled. “He said he’d take on 2% of the additional cost of importing corks from Europe, but I would have to absorb the other 13%. Then my barrel supplier got in touch, pushing me to put in my orders as fast as possible because every new French barrel coming across the Atlantic after the tariffs was going to come with a $100 or $150 fee.” Continue reading...

Politics

23 h. ago Chinese economy slows as Trump tariffs bite; FTSE 100 on track to hit new record

Rolling coverage of the latest economic and financial newsThe owner of Kingsmill has agreed to buy its rival bakery business Hovis, in a deal that could make the biggest bread brand in the country if it gets the green light from regulators.Associated British Foods, a FTSE 100 company which also owns the retailer Primark, has agreed to buy Hovis from the private equity firm Endless.This transaction will create a UK bakeries business that is both profitable and sustainable over the long term. Supporting the Hovis and Kingsmill brands with well-invested and efficient operations will also enable innovation and growth. This solution will create value for shareholders, provide greater choice for consumers and increase efficiencies for customers.Firms may be running on existing capacity rather than building new plants The July industrial value-add breakdown tells a more nuanced story than the weak fixed asset investment headline. Continue reading...

Politics

27 h. ago Opponents of Trump’s tariffs should be wary of relying on the courts

Judicial limits on the executive today will bind the hands of future presidents tomorrow

Events

29 h. ago Hundreds hit with food poisoning in Indonesia after eating free meals from president’s flagship program

Since its launch in January, Prabowo Subianto’s signature policy has been marred by mass food poisoning cases affecting over 1,000 peopleMore than 360 people fell ill in the Indonesian town of Sragen in Central Java after consuming school lunches, according to officials, in the largest food poisoning case to hit president Prabowo Subianto’s flagship free meals programme to date.Since its launch in January, the free school meals programme has been marred by mass food poisoning cases across the archipelago, affecting over 1,000 people. Continue reading...

Politics

39 h. ago Canada is boycotting US alcohol over Trump’s policies. It will leave American companies’ bottom lines dry

Distilled Spirits Council estimates American liquor sales to northern neighbor have plummeted 62 percent year-on-year in the first six months of 2025

Politics

41 h. ago UK government confirms list of 30 countries where Blue Badge holders can use parking passes

The Government has confirmed which parts of Europe recognise UK Blue Badges

Politics

42 h. ago US wholesale prices jump 3.3% as Trump trade war hits economy

Rise in Producer Price Index in July was the highest since February

Economics

42 h. ago U.S. producer prices surge in July as Trump tariffs push costs higher

U.S. wholesale inflation surged unexpectedly last month as President Donald Trump’s sweeping taxes on imports are pushing costs higher

Economics

48 h. ago UK economy posts surprise 0.3% growth in three months to June

GDP figure slower than previous quarter but beats expectations thanks to 0.4% expansion last monthThe UK economy grew at a faster rate than expected in the second quarter, official figures show, despite pressure on households and businesses from tax increased and Donald Trump’s global trade war.Figures from the Office for National Statistics showed growth in gross domestic product (GDP) slowed to 0.3% in the three months to the end of June, down from a rate of 0.7% in the first quarter. Continue reading...

Politics

48 h. ago UK economic growth slows amid pressure on business and Trump trade war

UK economic growth slowed to 0.3% between April and June, according to the Office for National Statistics.

Economics

57 h. ago With tariffs, a DC takeover, and Putin summit, Trump is now fully unleashed. And the world’s tolerance for pain put to the test

Wall Street, his own cabinet and numerous civic guardrails stopped Trump from indulging in his own impulses in the first term. Now, Eric Garcia writes, he feels he can do whatever he wants

Politics

63 h. ago Trump’s approval ratings drop with Republicans as he deals with Epstein fallout and tariff concerns

President’s approval rating with right-leaning Americans has dropped on issues including personal trust and the economy

Politics

3 d. ago The Swiss lived in splendid isolation for years. Trump’s tariffs have shattered that complacency | Joseph de Weck

The shockwaves sent by the US president could finally push Switzerland closer to the EUGrowing up in Zurich often felt like being removed from the world. It shouldn’t be that way: after all, Switzerland is at the heart of Europe. Riding on the cosy Zurich trams, one hears all the world’s languages; and the airport offers more direct intercontinental flights than Berlin. And yet, coming of age in Switzerland is like sitting in an aquarium looking at the world through a thick bulletproof window.That glass was shattered last week when Donald Trump announced 39% tariffs on Swiss exports. The US is the most important destination for Swiss products: 18.6% of all its exports go there. If Trump maintains the tariffs, sales to the US “will be effectively annihilated”, said Switzerland’s industry lobbying group. The rightwing Swiss business minister, Guy Parmelin, announced a furlough programme to shield the economy from “mass layoffs”. The tabloid newspaper Blick captured the mood with a sta...

Politics

3 d. ago Trump fumes and again insists companies pay tariffs not consumers as he bashes criticism of his plan

‘Consumers aren’t even paying these Tariffs, it is mostly Companies and Governments,’ Trump continues to claim.

Economics

3 d. ago Core inflation jumps as consumers face higher prices with Trump’s tariffs kicking in

Cost of food remains unchanged and energy goes down - but other key items like rent and used cars see prices increase as Trump resumes his tariff regime

Economics

3 d. ago Core inflation jumps as consumers face higher prices with Trump’s tariffs kick in

Cost of food remains unchanged and energy goes down - but other key items like rent and used cars see prices increase as Trump resumes his tariff regime

Economics

3 d. ago Core inflation jumps as consumers face higher prices as Trump’s tariffs start to take effect

The report is the first major economic indicator report since Trump fired the the chief statistician for the Bureau of Labor Statistics

Economics

3 d. ago Democrats call Trump’s DC police takeover ‘a distraction’ from Epstein files, tariffs and tax bill – live updates

Chuck Schumer called Trump’s decision to federalize the DC police and deploy national guard to the city ‘attempted distraction’ from ‘other scandals’Later on, we’ll hear from the Trump administration for the second day in a row. The president won’t make an appearance, but press secretary Karoline Leavitt will hold a White House briefing at 1pm ET.Defense secretary Pete Hegseth says he’s proud to be part of the Communion of Reformed Evangelical Churches, an archconservative network of Christian congregations.Pastor Doug Wilson, a CREC co-founder, leads Christ Church in Moscow, Idaho, the network’s flagship location. Jovial and media-friendly, Wilson is no stranger to stirring controversy with his church’s hard-line theology and its embrace of patriarchy and Christian nationalism.Wilson told The Associated Press on Monday he was grateful Hegseth shared the video. He noted Hegseth’s post was labeled with Christ Church’s motto: “All of Christ for All of Life.” Continue reading...

Politics

3 d. ago US inflation holds steady at 2.7% in July despite Trump’s tariffs

Figure confounds expectations of acceleration driven by US president’s duties

Economics

3 d. ago US prices continued rise in July as Trump tariffs impact consumer costs

Prices were 2.7% higher last month compared with a year ago, and core inflation went up at a higher pace than what was seen in JuneUS prices continued to rise in July, according to key economic data released on Tuesday, as Donald Trump’s international tariffs shakeup started to impact consumer costs.Prices were 2.7% higher last month compared with a year ago, according to the consumer price index (CPI), which measures the prices of a basket of goods and services. Though inflation dipped down in the spring, the annualized inflation rate jumped up 0.4% since April. Continue reading...

Economics