2 h. ago Show goes on for Ralph Lauren as fashion reels from Trump tariffs

With the sector bracing itself for a global trade war, investors may find comfort in a trusted pair of handsTwo weeks after Donald Trump announced his “liberation day” tariffs, the fashion industry finds itself in turmoil as it tries to navigate the chaos unleashed.Some are calling it the “tariffpocalypse”, with the sector bracing itself for a global trade war, snarling up supplies and hiking costs, alongside plummeting consumer confidence. Continue reading...

Politics

3 h. ago Trump says Maryland senator ‘looked like a fool’ in El Salvador while meeting Ábrego García as legal battles continue – live

Trump administration insists it cannot do anything to free Ábrego García; senator’s visit comes amid court battles over returning Maryland man to the USThe US is optimistic that it can end “the very brutal war” between Russia and Ukraine, Vice-President JD Vance said before a bilateral meeting with the Italian prime minister Giorgia Meloni in Rome on Friday.The meeting comes less than 24 hours after the pair met in Washington. Vance said:I want to update the prime minister on some of the negotiations between Russia and Ukraine even in the past 24 hours, we think we have some interesting things to report on.Since there are the negotiations I won’t prejudge them, but we do feel optimistic that we can hopefully bring this war, this very brutal war, to a close. Continue reading...

Politics

4 h. ago Senate Democrat meets Ábrego García in El Salvador as legal battles continue – US politics live

Visit by Maryland’s Chris Van Hollen comes as a federal appeals court rules against the Trump’s administration’s efforts to block return to the USThe Democratic senator from New Jersey, Cory Booker, plans to travel to El Salvador, a source familiar with his itinerary said, as Democrats seek to pressure the Trump administration to return Kilmar Ábrego García, the wrongly deported Maryland resident.Booker’s trip to the Central American country would come after the Maryland senator Chris Van Hollen traveled there this week to meet with his constituent.The Supreme Court was clear: the Trump administration must act to facilitate the return of Kilmar Ábrego García to the United States. There is no room for debate – yet Trump is refusing, in defiance of a lawful court order.Every member of Congress should be standing up for the Constitution and demanding that the administration act to return Mr. Ábrego García to the U.S. and to his family.” Continue reading...

Politics

8 h. ago Blow for Keir Starmer as Donald Trump says 'baseline' 10 per cent tariffs are set to stay

The US President has imposed sweeping 10 per cent tariffs on all goods imported to America, while he has also slapped 25 per cent charges on aluminium, steel and cars.

Politics

14 h. ago Trump’s tariffs unravel US supply chains at China’s export showcase

Buyers and sellers at Canton trade fair search for ways to evade levies as goods pile up in warehouses

Politics

18 h. ago Donald Trump ‘expecting to make second state visit to UK in September’

US president and first lady received invitation in February from King Charles for unprecedented repeat tripDonald Trump has said he is expecting to travel to to the UK in September for his second state visit.King Charles is preparing to host the US president and first lady as the UK government tries to bolster transatlantic ties after Trump imposed a series of tariffs on trading partners. Continue reading...

Politics

19 h. ago Fears of the economy tanking are now higher than they were at the height of the Covid pandemic

Dismal fund manager sentiment comes as Federal Reserve warns of increased inflation and slowing growth due to tariffs

Events

19 h. ago Trump warns ‘substantial’ tariffs will remain on imports as Reeves prepares for US talks

US president doubles down on trade policy as chancellor aims to secure trade deal for UK in Washington

Events

20 h. ago Netflix quarterly result beats Wall Street expectations despite Trump tariff’s pall

Streaming firm reported a $10.54bn revenue in first quarter, though analysts say consumers could reconsider spendingNetflix exceeded Wall Street expectations for quarterly results and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding Donald Trump’s erratic tariff plans.Netflix reported revenue of $10.54bn for the first quarter, edging past analysts’ estimates of $10.52bn, according to data compiled by the London Stock Exchange Group (LSEG). Shares of the company were roughly flat in after-hours trading at $970.10. Continue reading...

Politics

21 h. ago Even after tariff chaos, only 2% of Trump voters say they would change their 2024 vote

Most voters told survey they’re stil confident in their decision to vote for Trump

Politics

22 h. ago Trump says Fed chair would resign if asked and condemns him over interest rates

President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyDonald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

Politics

23 h. ago Reeves to have ‘conversations’ with US next week as work for deal continues

The UK is hoping a deal can help stave off the full brunt of US President Donald Trump’s sweeping 10% tariffs on all goods imported to the US.

Economics

24 h. ago FTSE 100 claws back week of strong gains after Trump tariff nosedive

The FTSE 100 delivered a week of solid gains ahead of Easter as unpredictable US trade policy continues to drive volatility in global markets.

Politics

26 h. ago Global economic growth will slow amid Trump tariffs, IMF warns – as it happened

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Events

26 h. ago Trump live updates: President says Fed Chair Powell’s ‘termination cannot come fast enough’ after tariff comments

President lashes out at Fed chair as European Central Bank moves to cut interest rates, saying he’s ‘always too late and wrong’

Politics

26 h. ago Global economic growth will slow amid Trump tariffs, IMF warns – business live

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Economics

26 h. ago IMF chief cuts growth forecast over ‘off the charts’ trade uncertainty

Kristalina Georgieva warns that Donald Trump’s tariff ‘reboot’ threatens to raise prices and play havoc with markets

Politics

27 h. ago European Central Bank cuts interest rates for the seventh time as global trade tensions escalate

The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump’s tariff onslaught

Events

27 h. ago Trump attacks Fed chair over interest rates and says his termination ‘cannot come fast enough’

President, whose tariff policy has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyBusiness live – latest updatesDonald Trump early on Thursday blasted the Federal Reserve chairman, Jerome Powell, for not lowering US interest rates and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

Politics

28 h. ago Donald Trump criticises Federal Reserve chair as European Central Bank cuts interest rates – business live

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come f...

Politics