7 h. ago The EU can’t replace the US as a global player until it sheds its own colonial thinking | Shada Islam

Eurocentric assumptions and bullying resource-grabs are justified causes of outrage in the global southDonald Trump has disrupted the global economy with his disastrous tariff wars and appears hell-bent on gutting transatlantic relations. I am hoping he has also unwittingly injected new life into the EU’s struggle to wean itself off overreliance on Washington.A vast network of trade and aid agreements connects the EU with more than 70 countries. The union could become an important standalone global actor and even thrive in a multipolar world. But it must first shed its Eurocentric worldviews, complacent policymaking and double standards.Shada Islam is a Brussels-based commentator on EU affairs. She runs New Horizons Project, a strategy, analysis and advisory company Continue reading...

Sport

46 h. ago Despite Pope Francis’s wishes, there’s little appetite for richer nations to help the poorest

Trump’s tariffs will make it tougher for emerging economies to service loans but debt relief has fallen off the political agendaPope Francis’s vast funeral in Rome on Saturday featured a certain amount of politicking amid the splendour, against the magnificent backdrop of St Peter’s basilica.If the meeting between Volodymyr Zelenskyy and Donald Trump results in progress towards a less inequitable peace than the one currently envisaged by the US, perhaps that will be fitting, given the late pontiff’s consistent calls for an end to war. Continue reading...

Politics

4 d. ago “Hurt and anger” over Hillsborough Law could impact Runcorn by

As the key by-election in Runcorn and Helsby takes place next week, The Division Bell discussed the impact of Keir Starmer’s failure to deliver the ‘Hillsborough Law’ on time

Politics

4 d. ago IMF warns that trade tensions could test stability of world economy; Reeves ‘confident’ about US trade deal – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Events

5 d. ago US trade war fears drive UK consumer confidence down to record low; Tesla’s European sales fall again – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Economics

5 d. ago Reeves signals UK could lower tariffs on US car imports in bid to secure Trump trade deal

The chancellor is in Washington DC as pressure mounts over dire IMF predictions about the UK economy if Trump goes ahead with his tariffs

Economics

5 d. ago Reeves claims she ‘absolutely’ trusts Trump but is in ‘no rush’ to do trade deal with him

The chancellor is in Washington DC as pressure mounts over dire IMF predictions about the UK economy if Trump goes ahead with his tariffs

Politics

6 d. ago Rachel Reeves is besieged on all sides and needs a dramatic intervention to save UK economy

As Rachel Reeves prepares for a career defining speech in Washington DC, political editor David Maddox looks at the competing forces turning her dreams of economic growth into a nightmare

Events

6 d. ago UK government borrowing spikes as Rachel Reeves scrambles to strike US trade deal to dodge Trump tariffs and revive economy in Washington TODAY

Chancellor Rachel Reeves has vowed to 'defend Britain's interests' as she prepares for talks with American counterpart Scott Bessant during the three-day IMF summit.

Economics

6 d. ago UK government borrowing exceeds expectations in last fiscal year

Figures deal blow to chancellor as Trump tariffs hit economy

Politics

6 d. ago Rachel Reeves warned she can't just blame Donald Trump's tariffs for faltering economy as IMF slashes its growth forecast for Britain

In a brutal verdict on Labour's economic record, it said domestic factors had played the 'biggest role' in its decision to downgrade its UK growth forecast.

Events

6 d. ago IMF forecasts three more Bank of England rate cuts this year

The International Monetary Fund has slashed its forecasts for the UK economy on the back of Donald Trump's trade tariff uncertainty warning the UK is likely to see an inflation spike

Politics

6 d. ago Trump warned US economic growth to be hit hardest by tariff trade war: Live updates

The International Monetary Fund downgraded growth in nearly all countries amid ongoing uncertainty from the Trump administration’s trade policy

Events

6 d. ago IMF chops UK growth forecast as Trump tariffs hit global economy

IMF chops UK growth forecast as Trump tariffs hit global economy  Reuters

Politics

6 d. ago Fallout from Donald Trump's tariffs to hit UK economy harder than Europe

The downgraded forecasts make it more likely that Labour Chancellor Rachel Reeves will have to make further cuts or hike taxes in her autumn budget.

Politics

6 d. ago Trump tariffs chaos will blow huge hole in US economy and hit UK hard, says IMF in damning report

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Events

6 d. ago Britain's growth outlook is slashed 0.5% by IMF in fresh blow to Rachel Reeves as she jets off to Washington for crunch talks as Trump's tariff war tests 'resilience of global economy'

Britain's growth outlook has been downgraded by the International Monetary Fund in a fresh blow for Labour - as Donald Trump's tariff wars deliver a severe hit to the global economy.

Politics

6 d. ago Trump tariffs chaos will slash UK economic growth and spike inflation, says IMF in double blow to Reeves

‘The US effective tariff rate surged past levels reached during the Great Depression,’ say the leading economists

Economics

6 d. ago UK economic growth forecast slashed as Trump’s tariffs hit Britain harder than Europe

The downgrade to Britain’s growth forecasts heightens the importance of Rachel Reeves securing a trade deal for the UK

Economics

6 d. ago US, global economic outlook worsens in the face of Trump's tariffs, IMF says

The outlook for the U.S. and global economies this year and next has significantly worsened in the wake of President Donald Trump’s tariffs and the uncertainty they have created

Economics