28 h. ago Trump tariffs see stocks dive and investors scramble to bonds, gold and yen

Nasdaq futures tumbled 3.3% and in after-hours trade as $760bn was wiped from the market value of ‘Magnificent Seven’ technology leadersStocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as Donald Trump unveiled a bigger-than-expected wall of tariffs around the world’s largest economy, upending trade and supply chains.The technology sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%. In total, China now faces an eye-watering 54% in tariffs on its exports to the US. Continue reading...

Economics

30 h. ago Trump tariffs threaten havoc for companies with Asia supply chains

Shares in tech groups and retailers hit as ties to China and other supplier nations face turmoil

Politics

32 h. ago Trump’s tariffs in brief: universal levies and targeted retaliation

The new duties imposed by the US president will send shockwaves through global supply chains

Politics

40 h. ago Spain’s Rioja wine cellars are overflowing. Trump’s tariffs threaten to make that worse

The U.S. is the second largest export market for Rioja wines after Britain

Politics

47 h. ago Trump's 25% tariffs on US car imports could threaten 25,000 UK jobs, think tank warns

The Institute for Public Policy Research said the US President's levies on UK-made cars entering the US would put 'extreme pressure' on Britain's car makers'.

Events

56 h. ago Donald Trump's crippling 'Liberation Day' tariffs threaten crisis for Rachel Reeves with Chancellor's headroom to be wiped out just one week after cuts

Rachel Reeves will face a fresh crisis today as Donald Trump unleashes a fresh barrage of crippling tariffs.

Events

3 d. ago Average person will be 40% poorer if world warms by 4C, new research shows

Experts say previous economic models underestimated impact of global heating – as well as likely ‘cascading supply chain disruptions’Economic models have systematically underestimated how global heating will affect people’s wealth, according to a new study that finds 4C warming will make the average person 40% poorer – an almost four-fold increase on some estimates.The study, by Australian scientists, says average global GDP per person will be reduced by 16% even if warming is kept to 2C higher, , much higher than previous estimates of a drop of about 1.4%. Continue reading...

Events

6 d. ago US consumer confidence hit by tariff fears; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

6 d. ago Tariff uncertainty risks ‘significant economic damage’; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

6 d. ago China’s Xi urges global CEOs to protect trade supply chains; UK’s 2024 growth revised higher, but households hoard cash – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

6 d. ago China’s Xi urges global CEOs to protect trade supply chains; UK’s 2024 growth revised higher – business live

Rolling coverage of the latest economic and financial newsToday’s UK national accounts data also shows that people stashed away more of their money into savings at the end of last year.The household saving ratio, which measure the proportion of income that is saved, rose to 12% in October-December 2024, up from 10.3% in the third quarter of last year.One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains.Non-food stores – the total of department, clothing, household and other non-food stores – rose by 3.1% over the month. This put monthly sales volumes at their highest level since March 2022.“The exceptional volatility in rec...

Economics

6 d. ago China’s Xi urges global CEOs to protect trade supply chains; WH Smith sells high street stores – business live

Rolling coverage of the latest economic and financial newsShares in WH Smith have dropped by 2.4% in early stock market trading in London, as traders digest the sale of its high street stores for £76m.Less encouragingly, the UK’s trade deficit has widened.finished manufactured goods (£1.8bn)semi-manufactured goods (£1.2bn)oil (£0.6bn)other fuels (£0.3bn)“The UK’s current account deficit with the rest of the world widened slightly in the latest quarter, driven by falling exports of goods.Our balance of payments statistics for recent years have been updated to incorporate improved measurement of foreign direct investment and corrected trade data.” Continue reading...

Economics

7 d. ago US allies worldwide decry Trump’s car tariffs and threaten retaliation

Friendly countries around the globe join China in insisting import taxes are harmful to all, including WashingtonGovernments from Tokyo to Berlin and Ottawa to Paris have voiced sharp criticism of Donald Trump’s sweeping tariffs on car imports, with several of the US’s staunchest long-term allies threatening retaliatory action.Trump announced on Wednesday that he would impose a 25% tariff on cars and car parts shipped to the US from 3 April in a move experts have predicted is likely to depress production, drive up prices and fuel a global trade war. Continue reading...

Politics

8 d. ago Donald Trump imposes 25% tariffs on vehicle imports in 'concerning' blow to UK car trade

Donald Trump's move is likely to put a financial squeeze on automakers which depend on global supply chains - so much so British jobs are "clearly now at real risk"

Politics

1 week ago From sex toy safety to supply chains: why testing vibrators isn’t as fun as you might think

The unsexy truth behind reviewing vibrators; thoughtful Mother’s Day gifts; and last-minute flower delivery• Don’t get the Filter delivered to your inbox? Sign up hereWhen people learn that my job as a sexual wellbeing specialist involves reviewing vibrators for the Filter – as their official Vibe Rater, if you will – they assume I’ve got it easy. That my work, in every conceivable way, must be a pleasure. But I get my hands dirty, probing everything from sustainability to sensitive data security to supply chains, to ensure buyers don’t get (non-consensually) shafted. Vibrators are coming out from under the covers. They used to feel shameful and secretive, picked from a mail-order magazine or a poky shop with blacked-out windows; today, we’re infinitely more liberated about toy ownership. We’re putting our hands in our pockets, too: the global sex toy market was valued at approximately $37.5bn last year, and it is projected to climb to $83.85bn within the next decade.But navigating ...

Politics

1 week ago Brexit a key factor in worst UK medicine shortages in four years, report says

Nuffield Trust says supply chains have shifted, with drugs for epilepsy and cystic fibrosis among those now scarceDrug shortages in the UK have risen to their worst level for four years, official figures show, with Brexit considered a key reason so many medications are scarce.Drug companies notified the Department of Health and Social Care (DHSC) about disruptions to supply 1,938 times during last year – the highest number since the 1,967 seen in 2021. Continue reading...

Politics

2 w. ago Nvidia to spend hundreds of billions on US supply chain over next 4 years, says chief

Jensen Huang’s chip pledge follows onshoring plans by other tech companies as Donald Trump’s trade policies ripple through industry

Economics

2 w. ago Nvidia to spend hundreds of billions on US supply chain, says chief

Jensen Huang’s pledge follows onshoring plans by other tech companies as Trump trade policies ripple through industry

Economics

3 w. ago Indonesian fishermen sue Bumble Bee and say the canned tuna giant knew of abuse in its supply chain

Lawyers representing four Indonesian fishermen say they were beaten and trapped on vessels that were part of the global supply chain that provided tuna to Bumble Bee Seafoods

Events

3 w. ago The state of procurement: tackling inflation, supply chain disruptions, and cybersecurity risks

THE ARTICLES ON THESE PAGES ARE PRODUCED BY BUSINESS REPORTER, WHICH TAKES SOLE RESPONSIBILITY FOR THE CONTENTS

Events