3 h. ago Bank of England poised to cut rates as fears grow over impact of Trump tariffs

Markets suggest quarter-point reduction to 4.25% is almost certain but some economists say Bank must go furtherThe Bank of England is poised to cut interest rates on Thursday amid growing concerns over the hit to UK jobs and growth from Donald Trump’s increasingly erratic global trade war.In the Bank’s first intervention since the US president’s “liberation day” tariff policy announcement sent shock waves through the world economy, Threadneedle Street is expected to reduce its key base rate from the current level of 4.5%. Continue reading...

Politics

5 h. ago Trump's trade demands go beyond tariffs to target perceived unfair practices

President Donald Trump's trade war isn't just about tariffs

Politics

25 h. ago How the stock market made back all its losses after Trump escalated the trade war

It felt much longer, but the U_S_ stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”

Politics

33 h. ago 'I missed my son's 12th birthday to save Britain's steel industry'

The Manchester Evening News speaks to the man at the centre of the race to save British Steel and deal with Trump's tariffs and a global trade war

Politics

45 h. ago Trump blows off trade war recession fears: ‘Everything’s ok’

President says U.S. economy will undergo ‘transition period’

Politics

4 d. ago Aston Martin cuts US exports as tariffs batter car industry: Mercedes, Stellantis and VW also sound the alarm over Trump trade war turmoil

The car industry was rocked when Trump announced a 25% charge on vehicle and part imports in a bid to ramp up domestic manufacturing.

Events

4 d. ago Shares in social media giant Snap dive after it ditches forecasts due to Donald Trump's trade war

Snap, which owns photo messaging app Snapchat, stoked fears that advertisers are cutting spending because of tariffs.

Politics

4 d. ago Trump blames Biden as US economy shrinks for first time in three years amid tariff fallout

President claims economic downturn has ‘NOTHING TO DO WITH TARIFFS’

Politics

5 d. ago U.S. economy shrinks for first time in three years as Trump’s tariffs spark trade war fears

The American economy shrank by 0.3 percent during the first quarter of this year, marking the first drop in three years as President Donald Trump’s tariff policies disrupted businesses and their supply chains.

Politics

5 d. ago Shein explores US restructuring as tariffs threaten to derail London IPO

Fast-fashion company searches for workarounds as Trump’s trade war endangers operations in its most important market

Economics

5 d. ago Europe saw stronger growth at start of year, but Trump's tariffs have darkened outlook

Europe’s economy has grown more strongly in the first three months of the year only to see hopes for an ongoing recovery quickly squelched by U.S. President Donald Trump’s trade war

Politics

5 d. ago Trump doubles down on trade war with China and insists Americans ‘signed up for this’

The president also denied that there would be tough economic periods for Americans, saying instead that he believed ‘great times’ were ahead

Politics

5 d. ago Canada election result: Mark Carney's defiant vow aimed at Donald Trump after poll victory

Donald Trump's trade war dominated the Canada election campaigns - but the US President saw Mark Carney and his Liberal Party claim a remarkable triumph on Tuesday

Politics

5 d. ago Who is Mark Carney? Canada’s prime minister who won an election fighting back against Trump

Carney has promised to stand up for his country amid trade war with the US president

Politics

6 d. ago US trade deficit surges; Amazon accused of ‘hostile and political’ act for displaying tariff costs – business live

Rolling coverage of the latest economic and financial newsUK grocery inflation has edged up this month, as consumers are hit by rising food prices.Data provider Kantar has reported that supermarket prices rose by 3.8% per year in the four weeks to April 20, up from 3.5% a month earlier.“Chocolate confectionery prices rose by 17.4% this period, the fastest of any category, but that didn’t stop the British public treating themselves this Easter. The volume of chocolate eggs sold through supermarket tills still grew by 0.4% on last year, while at the dinner table lamb was the most popular fresh meat joint, followed by beef and pork.Some households chose to indulge in less seasonal fare as the sun came out and they dusted off the barbecue, with burger sales shooting up by 31% over the last month.”The way in which regulations are being applied to bioethanol is undermining the commercial viability of our business. We are having constructive discussions with the UK Government to explore re...

Economics

6 d. ago US trade deficit surges ahead of tariffs; China vows not to ‘kneel down’ – business live

Rolling coverage of the latest economic and financial newsUK grocery inflation has edged up this month, as consumers are hit by rising food prices.Data provider Kantar has reported that supermarket prices rose by 3.8% per year in the four weeks to April 20, up from 3.5% a month earlier.“Chocolate confectionery prices rose by 17.4% this period, the fastest of any category, but that didn’t stop the British public treating themselves this Easter. The volume of chocolate eggs sold through supermarket tills still grew by 0.4% on last year, while at the dinner table lamb was the most popular fresh meat joint, followed by beef and pork.Some households chose to indulge in less seasonal fare as the sun came out and they dusted off the barbecue, with burger sales shooting up by 31% over the last month.”The way in which regulations are being applied to bioethanol is undermining the commercial viability of our business. We are having constructive discussions with the UK Government to explore re...

Economics

6 d. ago HSBC sounds alarm on trade war; Trump to soften blow of automotive tariffs – business live

Rolling coverage of the latest economic and financial newsThe architect of BP’s failed green energy agenda will leave the embattled oil company within months as it continues its retreat from low-carbon investments following this morning’s sharp fall in profits (see last post).The oil company said Giulia Chierchia, the executive in charge of BP’s sustainability ventures, would step back from her role from 1 June 2025 to “pursue other opportunities” outside the company. She will not be replaced. Continue reading...

Events

6 d. ago Who is Mark Carney? Canada’s prime minister who won an election in Trump’s shadow

Carney has promised to stand up for his country amid trade war with the US president

Politics

6 d. ago Canada election results see Mark Carney's Liberals storm to fourth term in power

Mark Carney's Liberal Party will form Canada's next government after a rollercoaster year in politics, after Trump's trade war and Trudeau's resignation

Politics

6 d. ago The Latest: America’s allies and partners approach China to hedge their bets

As President Donald Trump’s trade war locks the world’s two largest economies on a collision course, nations are being forced to choose between China and the United States

Politics