13 h. ago Donald Trump's 2026 budget proposal: Trump wants $1 trillion for defense but slashes domestic spending

The White House unveiled President Donald Trump's 2026 budget proposal on Friday, which aims to drastically reduce or even eliminate funding for numerous government programmes

Economics

26 h. ago Trump unveils 2026 budget blueprint that includes deep cuts to non

Proposed budget would raise defense spending by 13% and homeland security spending by nearly 65% compared to 2025 levelsThe seeds were sown for yesterday’s ousting of Mike Waltz as national security adviser long before “Signalgate”, notes Politco.The outlet reports that his approach to the job was unpopular and Waltz was seen as too cocky. One person close to the White House said:He’s a staff, but he was acting like a principal.Waltz has been on thin ice for a while. [Signalgate] made the ice thinner but at the same time may actually save him for now because they don’t want to give [Jeffrey] Goldberg a scalp. Continue reading...

Politics

32 h. ago New Trump skyscraper in Dubai unveiled where apartments come with free 10 year ‘golden visa’

‘As a resident, you’ll have seamless access to the world-class hospitality and service standards the Trump name is known for’ the hotel site boasts

Politics

36 h. ago Trump unveils new impression that makes Melania 'very upset' during Alabama commencement speech

Donald Trump bemoaned that he was 'in trouble with' First Lady Melania Trump after delighting the Alabama commencement with a story criticizing transgender inclusion in sports.

Politics

3 d. ago Activists unveil large Donald Trump protest art near US president’s golf resort

The stunt was timed to coincide with the first 100 days of Trump's second term

Politics

3 d. ago Donald Trump targeted by Greenpeace with huge 'Time to Resist' message at Turnberry golf course

The demo was unveiled as a Scottish political party makes a fresh call for Trump's invitation to the UK for a state visit to be torn up.

Politics

1 week ago Swiss drugmaker Roche to invest $50bn in US in effort to dodge Trump tariffs

Company says it will create 12,000 jobs in manufacturing and R&D over next five yearsBusiness live – latest updatesThe Swiss drugmaker Roche has said it will put $50bn (£37bn) into manufacturing in the US over the next five years, joining the queue of companies unveiling investments to try to head off potentially punitive Donald Trump tariffs.Roche said on Tuesday the investment would create more than 12,000 jobs, including 6,500 in construction and 1,000 at new and expanded existing facilities in the US, including factories and distribution centres in Kentucky, New Jersey and California. Continue reading...

Economics

1 week ago Trump to give commencement speeches at two prominent schools amid nationwide pressure campaign on universities

Despite putting multiple colleges and universities under pressure since taking office, President Donald Trump has selected two schools to speak at next month

Politics

1 week ago ‘Sell America’: investors are increasingly avoiding the US – here’s what it means for Australian markets

After decades as a safe haven, Donald Trump’s economic upheaval has some traders looking to put their money elsewhere – and countries looking to decouple their economiesElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastAt the same time as Australians are cutting back on plans to visit the US under Donald Trump, a new type of investment strategy designed to avoid America is fast gaining popularity.The “sell America trade”, an expression that barely existed before Trump spooked markets by unveiling his new tariff regime late on 2 April, is now a common expression among traders and appears regularly in investment notes to explain the day’s price movements. Continue reading...

Economics

3 w. ago Dealmaking genius or boy who cried wolf? Trump’s trade retreat sows doubts

Nothing is certain under this president – as seen in the inconsistent implementation of tariffs. And it has a longer-term economic costMinutes after Donald Trump unveiled a climbdown on tariffs, softening an extraordinary US attack on trade from much of the world, his press secretary scolded reporters at the White House.“Many of you in the media clearly missed The Art of the Deal,” said Karoline Leavitt, referring to the 1987 bestseller which laid the foundations of the president’s reputation as a consummate dealmaker. Continue reading...

Politics

3 w. ago Keir Starmer admits he has not spoken to Donald Trump since tariffs were unveiled

The prime minister denied that Mr Trump is refusing his calls, saying their teams ‘talk all of the time’

Politics

3 w. ago Trump pauses plans to hike US tariffs on most countries except China

Trump says he will raise US tariffs on Chinese exports to 125% and unveils 90-day pause for other countriesBusiness live – latest updatesDonald Trump shelved plans to hike tariffs on most countries except China, unveiling a 90-day pause and pulling back from his global trade war after days of market turmoil and warnings of recession.After insisting for days that he would hold firm on his aggressive trade strategy, Trump announced that all countries that had not retaliated against US tariffs would receive a reprieve – and only face a blanket US tariff of 10% – until July.Never miss global breaking news. Download our free app to keep up with key stories in real time. Continue reading...

Politics

3 w. ago Trump live updates: Administration defends controversial tariffs imposed on island only inhabited by penguins

‘Poor old penguins,’ the Australian trade minister said after Trump unveiled his sweeping policy

Politics

4 w. ago Blair tells Starmer NOT to hit back at Trump's tariffs as US stocks see biggest 2

Blair was speaking to students at King's College University in London on Friday, just days after President Trump unveiled major tariffs in possibly the biggest shake-up of world economics on record.

Politics

4 w. ago America’s Brexit? Trump’s historic gamble on tariffs has been decades in the making

Trump’s economic assault on the world stunned economists and sent stock markets into a spiral. Who will pay the price?Donald Trump’s vast overhaul of US trade policy this week has called time on an era of globalization, alarming people, governments and investors around the world. No one should have been surprised, the US president said.The announcement of 10% to 50% tariffs on US trading partners tanked stock markets after Trump unveiled a “declaration of economic independence” so drastic it drew comparison with Britain’s exit from the European Union – Brexit. Continue reading...

Politics

4 w. ago Retirees keep their eyes on the economy as Trump's tariffs roil financial markets

With financial markets roiling as President Donald Trump unveiled his latest tariffs this week, the economy has been top of mind for many retirees

Economics

4 w. ago Starmer speaks to world leaders as FTSE 100 plunges after Trump’s tariffs

Trading has been hammered in the aftermath of Donald Trump unveiling his full range of import taxes on countries around the world.

Politics

4 w. ago FTSE suffers biggest daily drop since early in the pandemic as Wall Street slides again – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsChina retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US importsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsNew Civil Liberties Alliance, a conservative legal group, has filed what it says is the first lawsuit seeking to block Donald Trump’s tariffs on Chinese imports, saying the US president overstepped his authority. Reuters reports:The lawsuit, filed in federal court in Florida, alleges that Trump lacked the legal authority to impose the sweeping tariffs unveiled on Wednesday as well as duties authorized on February 1 under the International Emergency Economic Powers Act.“By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress’s right ...

Economics

4 w. ago ‘Oligarchy’: Trump exempts big oil donors from tariffs package

Trump’s new 10% universal tariffs will not apply to many fossil fuel products in sign of his fealty, advocates sayUS politics live – latest updatesThe sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say.Trump’s new 10% universal tariffs – which are higher for many major economies – are wreaking havoc on the global economy and are expected to increase consumer prices in the US. But the levies will not apply to many fossil fuel products, including liquefied natural gas imports, crude oil from Canada, and materials needed for making petrochemicals. Continue reading...

Politics

4 w. ago Wall Street stocks plunge deeper after worst trading day since pandemic

Trading has been hammered in the aftermath of President Donald Trump unveiling his full range of import taxes on countries around the world.

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