26 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

32 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

32 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

3 d. ago Trump delays China tariffs at the last minute and announces 90 day truce

President Donald Trump has once again delayed a showdown between the world’s two biggest economies

Politics

4 d. ago Nvidia and AMD agree to pay 15% of China chip export revenues to US

Unprecedented deal, an apparent reversal of security restrictions, is in return for licences to sell to ChinaThe chipmakers Nvidia and AMD have agreed to give the US government 15% of their revenue from advanced chips sold to China in return for export licences to the key market.The unprecedented move, an apparent reversal of US national security restrictions on the chip sales, signalled an easing in the US-China trade war. Continue reading...

Politics

4 d. ago Trump is losing his foolish trade war. This will cost ordinary Americans greatly | Steven Greenhouse

Trump’s trade war has pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputterThe ever-bombastic Donald Trump has boasted repeatedly of his trade victories, while White House news releases trumpet his “historic trade wins”. The Wall Street Journal echoed Trump’s triumphalism with a headline saying, “Trump is Winning His Trade War”, and last week the New York Times used the exact same words in a headline. That must have been music to the president’s ears.Forgive me for being a spoilsport, but I don’t see where the victory is or how Trump is winning. I keep reading how Trump’s trade war and tariff machinations have pushed up inflation, slashed US job gains, slowed economic growth and caused the manufacturing sector to sputter.Steven Greenhouse is a journalist and author, focusing on labour and the workplace, as well as economic and legal issues Continue reading...

Politics

6 d. ago Trump’s trade war about to cost Americans 1.8% more in the short term, Yale analysis finds

Trump falsely claims tariffs are paid by foreign countries — they are typically paid by American importers

Politics

7 d. ago Trump tariffs: American shoppers hit with 60% of costs as import taxes reach 100

Tariffs on U.S. trading partners finally in full effect months after ‘Liberation Day’ announcement and ensuing turmoil and uncertainty

Economics

7 d. ago More than 60 countries scramble to respond to Trump’s latest tariffs

Industry representatives warn of job losses and say decision could be ‘nail in the coffin’ for those exporting to the USSee the full list of Trump tariff ratesMore than 60 countries around the world are scrambling to respond to the latest wave of US tariffs announced by Donald Trump which came into force on Thursday.Industry representatives in rich and poor countries warned of job losses as the tariffs upended a decades-old world trading system with rates ranging from 10% to 39%, 40% and 41% for Switzerland, Brazil and Syria. Continue reading...

Politics

8 d. ago China's exports and imports picked up in July, helped by the pause in Trump's higher tariffs

China has reported its exports surged 7.2% in July from a year earlier while its imports grew at the fastest pace in a year, as businesses rushed to take advantage of a truce in President Donald Trump's trade war with Beijing

Politics

8 d. ago Trump’s new import tariffs now in force against scores of countries as trade war escalates

The U.S. president has imposed tariffs as high as 50 percent after claiming other countries are ‘taking advantage’

Politics

8 d. ago Trump tariffs: Full list of countries hit by US president’s new trade war levies

Donald Trump slapped tariffs as high as 50 percent for scores of countries around the globe

Politics

8 d. ago Trump’s new import tariffs now in force against scores of countries

Many imports are now subject to a 50% duty, but significant uncertainty persists

Politics

8 d. ago Trump claims ‘billions of dollars’ now flowing into US after president’s new tariffs come into effect

More than 90 countries have been slapped with new rates as President Trump reignites his trade war

Politics

8 d. ago Dozens more countries face higher taxes on exports to US as new Trump tariffs come into effect

Donald Trump’s latest wave of ‘reciprocal’ levies were in place as of a minute past midnight Washington time on ThursdaySee the full list of Trump tariff ratesDozens of countries face higher taxes on their exports to the US now that Donald Trump’s latest wave of country-specific tariffs have come into force.The sweeping “reciprocal” levies announced by the White House a week ago – just before a previous 1 August deadline was due to elapse – were in place as of a minute past midnight Washington time on Thursday. Continue reading...

Politics

8 d. ago Dozens more countries face higher levies on exports to US as new Trump tariffs come into effect

Donald Trump’s latest wave of ‘reciprocal’ rates were in place as of a minute past midnight Washington time on ThursdaySee the full list of Trump tariff ratesBusiness live – latest updatesDozens of countries face higher levies on their exports to the US now that Donald Trump’s latest wave of country-specific tariffs has come into force.The sweeping “reciprocal” rates announced by the White House a week ago – just before a previous 1 August deadline was due to elapse – were in place as of a minute past midnight Washington time on Thursday. Continue reading...

Politics

8 d. ago European earnings lag behind US as trade war saps market revival

President Trump’s tariffs and strong currency weigh on Eurozone corporates

Events

8 d. ago European earnings lag behind US as trade war throttles market revival

President Trump’s tariffs and strong currency weigh on Eurozone corporates

Events

8 d. ago Airbnb beats profit estimates as travel recovers from Trump tariff shock

Home rental group flags ‘tough’ rest of year with lower margins as US trade war concerns linger

Politics

9 d. ago UK construction activity shrinks by most in five years as housebuilding falls – business live

Rolling coverage of the latest economic and financial newsOpenAI takes on Meta and DeepSeek with free and customisable AI modelsThe contraction in UK construction last month is another reason for the Bank of England to consider cutting interest rates at noon tomorrow.A rate cut, from 4.25% to 4%, is already widely expected – it’ s a 95% chance, according to the City money markets this morning.“The Bank of England is widely expected to cut rates this week in what is likely to be a complex decision as the MPC weighs weak growth, sticky inflation, and a looming fiscal tightening.While markets are pricing in a 0.25% cut, attention will centre on the voting split – particularly how many members vote for a 0.5% move or prefer to hold. Continue reading...

Society