67 m. ago EU sanctions policy ‘failed’ to make impact on Russia, says Hungarian minister – Europe live

Péter Szijjártó, Hungary’s foreign minister, claims sanctions ‘hit European economy more than Russian economy’Péter Szijjártó, a frequent visitor to Moscow despite the continuing Russian aggression against Ukraine, also told Bloomberg that the EU’s sanctions policy “has failed” as he claimed it “hit European economy more than the Russian economy”.He said that Hungary’s view on rolling over the existing sanctions will “depend a lot on the geopolitical circumstances”, with Budapest closely following the progress of Trump-led talks with Russia. Continue reading...

Politics

86 m. ago Trump tariffs live: EU pleads with China not to escalate trade war after FTSE finally rallies

Total new levies could climb to 104 per cent on Chinese goods imported into US this year

Politics

91 m. ago Supreme Court backs Trump over Venezuelan deportations but insists on due process: Live

Decision allows president to continue summarily deporting alleged gang members to El Salvador

Politics

2 h. ago Ursula von der Leyen speaks with Chinese premier on trade and ‘avoiding further escalation’ – Europe live

European Commission president meets Li Qiang about Europe and China’s ‘responsibility to support reformed trading system’ and push for negotiationsGermany has temporarily suspended accepting new refugees via a UN resettlement programme, pending the outcome of the coalition negotiations and the new government formation, the German press agency DPA reported.The DPA’s report said that almost all resettlement applications will be suspended until the new government takes office, with only “well advanced” cases expected to be processed. Continue reading...

Politics

4 h. ago Donald Trump rejects EU’s proposals for ‘zero for zero’ tariffs deal on cars and industrial goods – Europe live

US president tells reporters offer ‘is not good enough’, putting further dent in European hopes for negotiated solution instead of trade warUS president Donald Trump openly rejected the EU’s proposals for a “zero for zero” tariffs deal on cars and industrial goods, telling reporters in the Oval Office it was not good enough.His comments are not entirely surprising as European Commission president Ursula von der Leyen and EU trade commissioner Maroš Šefčovič already indicated there were no signs that the offer, made originally in February, would be taken up. Continue reading...

Economics

4 h. ago Trump tariffs live: China vows to ‘fight to the end’ in bitter US trade war after FTSE finally rebounds

Trump threatens to impose extra 50% levy on top of existing eye-watering tariff on Chinese imports

Politics

5 h. ago Donald Trump tariffs crisis LIVE: China vows to 'fight till the end' as markets on edge

Donald Trump is refusing to back down on his plans for crippling tariffs around the world which have already led to huge drops in stock market prices and there is fear for more chaos to come

Politics

5 h. ago Donald Trump tariffs crisis LIVE: London Stock Exchange opens after global markets plunge into chaos

Donald Trump is refusing to back down on his plans for crippling tariffs around the world which have already led to huge drops in stock market prices and there is fear for more chaos to come

Events

6 h. ago Trump tariffs live: Asian stocks rebound and China vows to ‘fight to the end’ after Trump threatens new levy

Trump threatens to impose an extra 50% levy on top of the existing eye-watering tariff on Chinese imports

Politics

8 h. ago Trump tariffs live: President threatens new 50% China duties while Asian stocks rebound

China vows to 'fight to the end' as it accuses Trump of blackmailing Beijing

Politics

9 h. ago China says it will ‘fight to the end’ after Trump threatens additional 50% tariffs – business live

Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmailTrump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Politics

11 h. ago China says it will not bow to US pressure after Trump threatens additional 50% tariffs – business live

Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn’t retract planned countermeasures, as markets brace for further volatilityTrump threatens additional 50% tariffs on China over retaliatory leviesJapan’s benchmark Nikkei 225 index has now risen 3%, AFP is reporting.The uptick comes after financial markets across the globe posted a third day of losses on Monday as investors worried that steep trade barriers around the world’s largest consumer market could lead to a recession. Continue reading...

Events

15 h. ago Trump says US in direct talks with Iran over nuclear program as he holds Oval Office meeting with Netanyahu – US politics live

President says talks to continue on Saturday and adds he and Israeli president also discussed tariffs and Israel-Gaza warEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

15 h. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

15 h. ago Trump tariffs live: President dismisses tariff pause as Netanyahu vows to ‘eliminate’ US trade barriers

US president describes sweeping tariffs as ‘medicine’ as major volatility in global markets continues

Politics

16 h. ago Trump says there will be NO pause on tariffs as he tears into countries 'ripping off' America: Live updates

DAILYMAIL.COM LIVE BLOG: Trump is not backing down on his tariffs declaring there's 'no inflation' days after sending the world's economy into frenzy.

Politics

16 h. ago Rollercoaster day for global stock markets as BlackRock CEO says US ‘probably in recession’ – business live

Larry Fink says most CEOs he talked to agreed with assessment; US indexes see sharp ups and downs; UK index loses nearly 4.5% US politics live: Trump threatens China with additional tariffsVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

18 h. ago Mystery as Trump 'cancels' press conference with Netanyahu amid global tariff market meltdown: Live updates

DAILYMAIL.COM LIVE BLOG: Trump is not backing down on his tariffs declaring there's 'no inflation' days after sending the world's economy into frenzy.

Politics

18 h. ago Trump tariffs live: FTSE dealt further blow as US president issues fresh 50% levies warning against China

US president describes sweeping tariffs as ‘medicine’ as major volatility in global markets continues

Economics

18 h. ago Trump triples down on tariffs as historic market bloodbath fuels MAGA civil war: Live updates

DAILYMAIL.COM LIVE BLOG: Trump is not backing down on his tariffs declaring there's 'no inflation' days after sending the world's economy into frenzy.

Events