4 h. ago Retirees keep their eyes on the economy as Trump's tariffs roil financial markets

With financial markets roiling as President Donald Trump unveiled his latest tariffs this week, the economy has been top of mind for many retirees

Economics

6 h. ago About 500 law firms sign brief challenging Trump's executive orders targeting the legal community

President Donald Trump’s executive orders targeting the legal community pose “a grave threat to our system of constitutional governance and to the rule of law itself."

Politics

10 h. ago Federal Reserve chair Powell predicts tariffs will spike inflation and slow economic growth

Comes as President Donald Trump calls on Powell to slash interest rates

Economics

10 h. ago FTSE suffers biggest daily drop since early in the pandemic as Wall Street slides again – business live

Global trade war escalates as Beijing hits back against Donald Trump with new tariffs on US goodsChina retaliates to Trump’s ‘bullying practice’ with 34% tariffs on US importsIMF warns of ‘significant risk’ to global economy from Trump tariffs as markets slideAnalysis: 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 ...

Economics

10 h. ago How tiny Lesotho ended up with the highest US tariffs in the world

U.S. President Donald Trump's tariffs have struck among others the small southern African kingdom of Lesotho, one of the world's poorest nations

Politics

11 h. ago Wall Street stocks plunge deeper after worst trading day since pandemic

Trading has been hammered in the aftermath of President Donald Trump unveiling his full range of import taxes on countries around the world.

Events

12 h. ago Trump tears into China for retaliating against him and vows that tariffs 'will never change' despite markets tanking

President Donald Trump remained bullish about the effects of his his newly enacted tariffs on Friday, despite retaliatory actions announced by China.

Economics

12 h. ago US trade war with China is 'single stupidest thing you’ll ever see’ says expert

Political expert Ian Dunt has issued a scathing attack on Donald Trump after the US President announced a sweeping range of import tariffs on territories around the world

Events

13 h. ago Tell us: have your pension savings been affected by turbulent stockmarkets?

We’re interested to hear how people’s invested pension savings have been faring amid sharp ups and downs in recent months and years, and how this may affect themUS president Donald Trump’s trade war, political elections and societal shifts ushering in dramatic change and dire public finances in multiple countries, the war in Ukraine and the Covid pandemic have been creating tumultous conditions on international markets for the past few years.We’d like to hear how people’s invested pension savings have been affected by this series of economic shocks. Has your invested portfolio sustained big losses, or have you enjoyed staggering stockmarket gains? How may you and your plans be affected by it all? Tell us. Continue reading...

Economics

14 h. ago Are Trump’s tariffs for real or an AI hallucination? I’m afraid the answer is both | Marina Hyde

Amid claims that a chatbot helped shape the key calculations, the president is now off playing golf. He’ll find the world economy in a bunkerThere’s a scene in the very first episode of Yellowstone where the casino-owning Native American chief explains the basic financial logic of all casinos to an uncomfortable politician: “The gamblers’ money is like a river – flowing one way. Our way.” Oh no, hang on, wait Not all casinos. In fact, it could be that when all is said and done, the historians looking for that one key fact to illustrate the eventual legacy of Donald Trump will not go with his two stunning presidential election wins. Instead, they’ll point out that in the 90s, he literally managed to bankrupt casinos. To repeat: this is a man who somehow contrived to bankrupt multiple casinos. Is he the guy to reshape the entire global economic order of the past century? Let’s find out! Either way, only 45 months of his presidency left to go.Anyway: tariffs. Rather than using actual t...

Politics

14 h. ago Marine Le Pen is 'guilty as hell' and deserves election ban, journalist Anne

The ban has posed uncomfortable questions about France's democracy, with US President Donald Trump piling on pressure by echoing the slogan 'Le Pen must be freed'.

Politics

15 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

16 h. ago US administration’s ‘antipathy’ towards EU ‘misplaced’ – Irish premier

Micheal Martin acknowledged there was undoubtedly ‘an issue’ in respect of the administration’s negative opinion of the bloc.

Politics

19 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

19 h. ago Trump fires White House staff after fears he's being 'sabotaged'

Right-wing activist Laura Loomer took credit for telling Donald Trump to remove personnel but the president downplayed her role when speaking to reporters.

Events

20 h. ago Donald Trump demands France 'Free Marine Le Pen' and brands her presidential election ban a 'witch hunt'

Marine Le Pen, 56, was convicted of creating fake jobs at the EU parliament and taking advantage of expenses to employ assistants actually working for her party.

Politics

20 h. ago Finance guru Bill Ackman's stern advice to world leaders reeling from Trump's tariffs amid fears of trade war

Finance guru Bill Ackman offered some stern advice to world leaders reeling from US President Donald Trump's tariffs amid fears of a global trade war.

Politics

21 h. ago The Latest: Trump’s tariffs slam world markets in the biggest blow since the pandemic hit in 2020

Asian shares slid further Friday after U.S. President Donald Trump’s tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020

Events

21 h. ago The tariffs are bad, but Britain should remember this: Trump will probably be gone in four years | Simon Jenkins

The UK is among those least hit by the US president’s war on the world economy. Retaliation at this point makes no senseThe tirade was astonishing. On Wednesday afternoon the world watched as the leader of its most powerful nation accused friends and foes alike of having “looted, pillaged, raped, plundered”, and simultaneously waved a bogus list of tariff imbalances. The playground paranoia was cringeworthy. What on earth was going on?The answer can only be that Donald Trump is America’s elected president for the next four years. He says he wants to end the military conflicts the US has fought or sponsored round the globe for a quarter of a century. We are waiting for that. Meanwhile, he is waging an economic war on world trade, a response that his biographer and ghostwriter, Tony Schwartz, blames on his childhood: “a life spent feeling like a victim any time he does not totally dominate he feels ripped off”. Continue reading...

Politics

21 h. ago The tariffs are bad, but Britain should remember this: Trump will be gone in four years | Simon Jenkins

The UK is among those least hit by the US president’s war on the world economy. Retaliation at this point makes no senseThe tirade was astonishing. On Wednesday afternoon the world watched as the leader of its most powerful nation accused friends and foes alike of having “looted, pillaged, raped, plundered”, and simultaneously waved a bogus list of tariff imbalances. The playground paranoia was cringeworthy. What on earth was going on?The answer can only be that Donald Trump is America’s elected president for the next four years. He says he wants to end the military conflicts the US has fought or sponsored round the globe for a quarter of a century. We are waiting for that. Meanwhile, he is waging an economic war on world trade, a response that his biographer and ghostwriter, Tony Schwartz, blames on his childhood: “a life spent feeling like a victim any time he does not totally dominate he feels ripped off”. Continue reading...

Politics