8 h. ago Trump claims ‘great time to get rich’ as tariffs turmoil sees Wall Street market sell

Trump’s trade war escalates as China strikes back with 34 percent tariffs on all U.S. goods, sending stocks sliding further after worst day since 2020

Politics

9 h. ago Millions of UK workers see thousands slashed from pension pots in Trump's tariff turmoil

Market mayhem continues with another £2trillion wiped off shares as experts warn it's 'not a good time' for UK workers whose pension pots have been hammered

Economics

11 h. ago Stock markets plunge as China announces retaliatory 34% tariffs on US goods – business live

Global trade war escalate as Beijing hits back against Donald Trump with new tariffs on US goodsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: 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 to contro...

Economics

15 h. ago FTSE 100 hits lowest level since January as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementGlobal markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: 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 to control tariffs, and upset the Constitution’s ...

Events

20 h. ago Asian markets drop further as IMF warns Trump tariffs ‘a significant risk’ to global economy – business live

Kristolina Georgieva warns against retaliation to US levies while US president insists ‘markets will boom’ after sweeping tariff announcementFull report: Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall StreetAnalysis: Trump’s ‘idiotic’ and flawed tariff calculations stun economistsSenior senators introduced new bipartisan legislation on Thursday seeking to claw back some of Congress’s power over tariffs after Donald Trump unveiled sweeping new import taxes and rattled the global economy with sweeping new import taxes.The Trade Review Act of 2025, co-sponsored by Senator Chuck Grassley, a top Republican lawmaker from Iowa, a state heavily reliant on farm exports, and Senator Maria Cantwell, a Democrat from Washington, whose state shares a border with Canada, would require the president to notify Congress of new tariffs, and provide a justification for the action and an analysis on the potential impact on US businesses and consumers. Continue reading...

Events

25 h. ago Trump tariffs live: US markets see worst day in five years as president claims ‘stock is going to boom’

US president insists country is going to flourish as markets close sharply down; Republican ex-leader Mitch McConnell says tariffs are a ‘bad policy’US stock markets have worst day since Covid over Trump tariffsGlobal markets in turmoil amid Trump tariffsTrump’s chaos-inducing global tariffs, explained in chartsIn the aftermath of the disastrous debate against Donald Trump that ultimately ended his political career, Joe Biden skipped a White House meeting with the congressional Progressive caucus in favor of a Camp David photoshoot with the fashion photographer Annie Leibovitz, a new book says.“You need to cancel that,” Ron Klain, Biden’s former chief of staff and debate prep leader, told the president, as he advocated securing the endorsement of the group of powerful progressive politicians perhaps key to his remaining the Democratic nominee. Continue reading...

Politics

26 h. ago Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

28 h. ago Global markets in turmoil as Trump tariffs wipe $2tn off Wall Street

Economists say levies of 10-50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2tn (£1.5tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

37 h. ago Trump tariffs batter FTSE 100 but what does market turmoil mean for interest rates and inflation?

“A potential rate cut is definitely a step in the right direction, but we’ve been here before - nothing’s guaranteed”

Economics

40 h. ago UK and European markets set for more turmoil after Trump’s tariffs unveiled

The Nikkei in Japan tumbled 3% and China’s Hang Seng was around 1.5% lower after Mr Trump’s self-declared ‘liberation day’.

Politics

8 d. ago What Trump's trade war means for YOU: As tariffs throw markets into turmoil, what investors should do

The ink was barely dry on Rachel Reeves' Spring Statement before her plans to balance the nation's books were effectively blown out of the water.

Economics

8 d. ago What Trump's trade war means for YOU: As the President's tariffs throw markets into turmoil, read our expert's advice on what British investors should do to protect themselves

The ink was barely dry on Rachel Reeves' Spring Statement before her plans to balance the nation's books were effectively blown out of the water.

Economics

3 w. ago Greenock skincare and wellness business set to expand into European market

A Greenock business that has seen significant growth is now set to target the European market.

Economics