39 m. ago We are witnessing slow constitutional collapse in the US | Moira Donegan

The vestiges of the US’s democracy are crumpling to the ground. We don’t yet know what will be erected in its placeIt’s possible that later, when we know more about how the Trump regime reshapes the US and about how it ultimately comes to an end, we will look back at this moment in 2025 and conclude that we were already living under an autocracy. Checks on executive power seem to have all but vanished; the Trump administration is not acting like either the courts, the judiciary or the people have any prerogatives that they must respect.Science is suffering: massive cuts to federal funding of research into medicine, climate change or anything that might include a word on a long list of banned ones – like “transition” – has decimated research, made the US a global laughingstock, and set the cause of human thriving back by years. The economy is in chaos, and the bribery is all but out in the open; it no longer seems to occur to many Americans that their politicians should not be on the...

Politics

5 d. ago UK banks set to reassure households as tariffs ‘watershed’ moment for economy

Some of the country’s biggest high street lenders will publish their latest financial results next week.

Economics

5 d. ago UK consumer confidence hit in April by Trump tariff concerns

All measures of leading survey drop as price rises and US import taxes bite

Politics

6 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

6 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

7 d. ago New tax rises warning as UK borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March - equal to £95,300 per household

Events

7 d. ago New tax rises warning as borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March, says the ONS

Events

7 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

8 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

1 week ago Why your pension could be dealt a body blow as Trump eyes tariffs for Britain's top drug firms

If the tariff-loving Trump goes ahead with his plans, it will hit AstraZeneca - the most valuable company on the UK stock market - and also rival GSK, another stalwart of the FTSE 100.

Economics

2 w. ago China taunts Trump: Factories flood TikTok with videos urging consumers to buy direct to avoid tariffs

Chinese TikTok creators have claimed that popular fashion labels such as Lululemon and Louis Vuitton are producing their garments in China for a fraction of their retail price.

Events

2 w. ago China taunts Trump: Factories flood TikTok with videos urging consumers to buy direct to avoid tariffs while Beijing kneecaps US industry with suspension of rare earth exports

Chinese TikTok creators have claimed that popular fashion labels such as Lululemon and Louis Vuitton are producing their garments in China for a fraction of their retail price.

Economics

2 w. ago Republican supporters of Ukraine put pressure on Trump after missile strikes

Lawmakers use Kremlin’s deadly attacks as latest evidence to convince president he must increase pressure on PutinRepublican supporters of Ukraine are using the Kremlin’s deadly missile strikes as their latest evidence to convince Donald Trump that he must increase pressure on Vladimir Putin if he wants to reach a ceasefire deal.Pro-Ukraine lawmakers and aides in the Republican party have carefully navigated Trump’s apparent affinity for Putin and avoided direct intervention in their efforts to shift his support toward Kyiv. But following the Russian strikes during Palm Sunday celebrations in the city of Sumy, advisers and allies have been highly vocal in condemning the attack using language meant to resonate with the US president’s conservative, religious base. Continue reading...

Events

2 w. ago Smartphones WILL be hit by tariffs within months, Trump aide says as hopes of tariff climbdown are dashed

The US President made an extraordinary U-turn over the weekend by declaring that smartphones, computers and other electronic devices will be exempted from tariffs.

Politics

2 w. ago Trump says there will be NO tariff exemptions in dramatic reversal that'll hit Americans hard

President Donald Trump blasted China in a social media post on Sunday where he said there were no tariff exemptions after electronics were not included in a notice on Friday.

Events

2 w. ago Gold enjoys best week in five years as investors rush to safety

Even US Treasuries take a hit as Donald Trump’s tariff blitz shakes confidence in American assets

Economics

2 w. ago Trump's approval rating takes a hit amid tariff war and market turmoil

Like the stock market this week, President Donald Trump 's approval rating is sliding downward.

Events

2 w. ago Peppa Pig caught up in tariff "storm" as merchandise company warns of hit to sales

Character Group said it was withdrawing its market guidance for the financial year ending 31 August.

Events

3 w. ago China reportedly considering ban on Hollywood films in response to Trump tariffs

The White House has said China will be hit with a tariff rate of 104 percent from tomorrow

Politics

3 w. ago China reportedly considering ban on US films in response to Trump tariffs

The White House has said China will be hit with a tariff rate of 104 percent from tomorrow

Politics