22 h. ago Crypto meltdown as $250BILLION is wiped off market value with Bitcoin plunging to five month low after Trump tariffs triggered global financial 'bloodbath'

Bitcoin's value had fallen to a five-month low of $76,884.04 on Monday morning, down 7.2 per cent in the last day and 5.3 per cent in the last seven.

Economics

25 h. ago Global financial 'bloodbath' as Trump's tariffs spark fears of worldwide recession, Hong Kong shares have worst day for 28 years and European stock futures tank

Futures were pointing to further losses in Europe and on Wall Street, with Trump refusing to lift the levies unless foreign governments pay 'a lot of money'.

Economics

25 h. ago FTSE 100 Live 07 April: Stock market rout deepens, index down 5% and S&P 500 set for bear market

The global stock market rout triggered by Donald Trump’s “Liberation Day” tariffs worsened today.

Politics

26 h. ago Minister responds to fears of global recession as Trump tariffs cause market chaos

Transport Secretary Heidi Alexander responded to a question on whether there would be a global 'bloodbath' with Donald Trump's tariffs causing a worldwide recession

Politics

27 h. ago FTSE 100 Live 07 April: Index slides 6% as stock market rout continues, S&P 500 seen in bear market

The global stock market rout triggered by Donald Trump’s “Liberation Day” tariffs worsened today.

Politics

62 h. ago ‘Fundamentally wrong, brutal and paranoid’: how will the world respond to Donald Trump’s tariffs?

The US president’s sweeping, unprecedented tariffs on countries around the world are threatening to reshape the global economy – so, what exactly happens next?On Thursday evening, towards the end of a long week at a textiles factory on the outskirts of Ho Chi Minh City, Nguyen Thi Dieu and her husband were watching the news. More than 8,700 miles away, US president Donald Trump was announcing sweeping, unprecedented tariffs on every country around the world. Nowhere was safe, even the uninhabited Heard Island and McDonald Islands off the western coast of Australia that, for some unexplained reason, were hit with a 10% tariff.His announcement launched a fierce global trade war and triggered a global market meltdown, including on Trump’s own cherished Wall Street, where hundreds of billions of dollars of stock values evaporated. Continue reading...

Politics

3 d. ago Trump’s ‘Liberation Day’ could mean recession in the US and pain worldwide | Steven Greenhouse

The US president’s tariffs are vengeful and impetuous – and will have immense costs with no clear goalWith the huge and painful tariffs that Donald Trump announced on Thursday, “Tariff Man” is acting like a paranoid 12-year-old bully who is convinced that everyone has wronged him, and he wants revenge. But the president’s instrument of revenge – massive tariffs – is going to do serious damage to the US and global economies. Stock market investors are convinced that’s the case, with Wall Street and world stock markets losing trillions of dollars in value in recent days as a result of Trump’s obsession.The president has escalated his risky, vengeful trade war even though the US economy was in strong shape when he took office – the jobless rate was just 4.1%, inflation was below 3% and US economic growth was the strongest in the industrial world, with its stock market at record levels. So it’s unclear whether the US economy needed the shock treatment that Trump is inflicting. The price...

Politics

7 d. ago Trump prepares to unveil reciprocal tariffs as markets brace amid trade war fears

President promises he will be ‘very kind’ but critics warn his strategy risks triggering chain reaction and global trade warAs Donald Trump prepared to unveil a swathe of reciprocal tariffs, global markets braced and some Republican senators voiced their opposition to a strategy that critics warn risks a global trade war, provoking retaliation by major trading partners such as China, Canada and the European Union.The US president said on Monday he would be “very kind” to trading partners when he unveils further tariffs this week, potentially as early as Tuesday night. Continue reading...

Politics

8 d. ago Trump triggers global financial meltdown: Shares plummet across the world over fears he will slap a 20% tariff on EVERYTHING imported into America and cause worldwide recession

Donald Trump has vowed to hit foes and allies alike with levies on so-called 'Liberation Day', April 2.

Economics

8 d. ago Trump triggers gobal financial meltdown: Shares plummet across the world over fears he will slap a 20% tariff on EVERYTHING imported into America and cause worldwide recession

Donald Trump has vowed to hit foes and allies alike with levies on so-called 'Liberation Day', April 2.

Economics

3 w. ago Donald Trump threatens EU with 200% tariffs on wine, champagne and spirits as trade war escalates

Threat comes after European Union announced counter tariffs on $28 billion of US goods hours as US tariffs steel and aluminium imports came into effect

Events

3 w. ago EU declares counter tariffs on $28 billion worth of US goods as Trump trade wars escalate

The European Union announces counter tariffs on $28 billion of US goods hours after US tariffs steel and aluminium imports come into effect

Economics