10 h. ago Trump says Samsung and other smartphone manufacturers will also be subject to 25% Apple tariff – business live

US president says 50% tariff on EU goods to come in 1 June; Apple iPhones and those of other manufacturers made overseas to face 25% tariffTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Ne...

Economics

11 h. ago European markets suffer losses after Trump ‘recommends’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTrump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’As well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net export...

Economics

15 h. ago Ukraine’s Zelenskyy confirms major prisoner swap with Russia – Europe live

The first stage of a major prison swap between Ukraine and Russia has taken place in Turkey, with 390 people released todayFor more coverage of Trump’s tariffs threats – which also include a warning that Apple must pay a 25% tariff unless it manufactures its iPhones in the US – follow our business live blog here:US president Donald Trump has just called the EU “very difficult to deal with,” lamenting the bloc’s “powerful Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American Companies, and more” (original capitalisation!).“Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. Continue reading...

Events

16 h. ago Trump says he is hitting EU with 50% tariff as trade talks are ‘going nowhere’

President says EU imports to US will be subject to levy from 1 June as markets slump in reaction to ‘major escalation’Business live – latest updatesDonald Trump has said he will impose a 50% tariff on all EU imports to the US from 1 June after saying trade talks between the two trading blocs were “going nowhere”.In a surprise announcement, the US president posted on his Truth Social platform that his long-running battle to secure concessions from the EU had run aground. Continue reading...

Politics

17 h. ago Trump ‘recommending’ 50% tariff on EU, and threatens Apple with 25% tariff – business live

US president Donald Trump reignites trade war with threat to impose high tariffs on European goods, and Apple iPhones made overseasTypical energy bill in Great Britain to fall 7% to £1,720 a year from JulyAs well as cutting UK energy costs (see earlier), Donald Trump can also take credit for growing the German economy!New GDP data this morning shows that Germany’s GDP rose by 0.4% in January-March, twice as fast as the first estimate of 0.2% growth in the quarter.“The reason for the slightly higher growth compared to the initial estimate was the surprisingly positive economic development in March.”“In particular, production in the manufacturing sector and exports performed better than initially expected.The German economy had its best quarterly performance since the third quarter of 2022, and the reason for it seems to be Donald Trump. As a result of the announced tariffs and in anticipation of ‘Liberation Day,’ German industrial production and exports surged in March.Net exports an...

Politics

20 h. ago FTSE 100 Live 23 May: Sterling higher after retail surprise, energy bills fall

Household energy bills will fall by 7% from July after the latest energy price cap was revealed by Ofgem today.

Science

21 h. ago FTSE 100 Live 23 May: Food sales drive retail surprise, energy bills fall

Household energy bills will fall by 7% from July after the latest energy price cap was revealed by Ofgem today.

Society

24 h. ago America's most powerful banker Jamie Dimon stuns with warning US faces something worse than recession

America's most powerful banker has warned that the US economy faces a greater threat than a recession.

Events

36 h. ago JP Morgan CEO Jamie Dimon says Trump’s tax bill will ‘stabilise things’

‘There's a chance that [...] you'll have stagflation,’ the JP Morgan Chase CEO said Thursday

Economics

69 h. ago FTSE 100 Live 21 May: M&S braced for £300m cyber attack hit, inflation surges

Marks & Spencer has revealed that disruption from a “highly sophisticated” cyber attack last month is expected to continue through to July.

Economics

69 h. ago FTSE 100 Live 21 May: Inflation surges, M&S reveals cyber attack profit hit

Marks & Spencer has revealed that disruption from a “highly sophisticated” cyber attack last month is expected to continue through to July.

Economics

3 d. ago IMF urges US to curb deficit as Trump tax cut plan stirs debt fears

Top official Gita Gopinath warns over country’s ‘ever-increasing’ debt burden

Politics

3 d. ago Pacific must not become a ‘military zone’ amid rise of China, New Zealand’s deputy PM warns

In an interview with the Guardian, Winston Peters says the world faces the ‘most uncertain time’ in 80 years ahead of talks with Australia's foreign ministerThe Pacific must be protected from becoming a military zone amid China’s growing push for influence in the region, New Zealand’s top diplomat Winston Peters has warned ahead of a meeting with his Australian counterpart Penny Wong.Peters, who is New Zealand’s deputy prime minister and foreign affairs minister, told the Guardian that his country has a good relationship with China. Continue reading...

Events

3 d. ago Biden's cancer 'unlikely to be cured' as survival rate plummets and treatment deadline given

EXCLUSIVE: Joe Biden's prostate cancer should act as a "wake up call for all men" a top doctor has warned in the aftermath of the former president's shock health annoucement

Events

3 d. ago Drivers warned to never let fuel go below this level before topping up

Popular YouTuber and mechanic Scotty Kilmer says motorists are at risk of 'burning out' a key engine component through a common refuelling blunder

Events

3 d. ago Reeves eyes Gulf trade pact as ‘next deal,’ Bank of England’s Pill says pace of interest rate cuts ‘too rapid’ – business live

China and Australia cut interest rates; Shell faces protests calling for clean-up in Niger DeltaHere’s our full story on Greggs.Sales at Greggs have picked up after the UK’s biggest bakery chain branched out into iced drinks, pizza boxes and a macaroni cheese that has gone viral on social media.These are important issues and we respect the right of people to express their view. But for many years the vast majority of spills in the Niger Delta have been caused by third parties acting unlawfully, such as oil thieves who drill holes in pipelines, or saboteurs.These challenges are managed by a joint venture which Shell’s former Nigerian subsidiary, SPDC, operated, cleaning up every spill from the joint venture’s facilities. Continue reading...

Economics

3 d. ago Reeves eyes Gulf trade pact as UK government’s ‘next deal’ after EU summit – business live

China’s and Australia’s central banks cut interest ratesRachel Reeves said the UK government is closing in on a trade pact with six Gulf nations, including Qatar and Saudi Arabia, as its next major deal.The chancellor told the BBC the agreement would be the government’s “next deal” as it looks to boost trade ties following Brexit.Britain is in a better place than any other country in the world in terms of deals with those countries.The first deal and the best deal so far with the US, we’ve got the best deal with the EU for any country outside the EU, and we’ve got the best trade agreement with India.We are not going to litigate old arguments, we are going to go forward in the spirit of what we do together, we do better.This deal will mean Britain becoming a rule-taker, accepting dynamic alignment, giving up fishing rights and paying new money to the EU. Nobody has lost more than the fishermen. Continue reading...

Politics

4 d. ago World's most powerful banker issues terrifying new warning about Trump's new scaled

Jamie Dimon just issued a stark warning that has Wall Street on edge. The JPMorgan CEO says markets are missing something big - and the fallout could be sharp.

Events

4 d. ago JPMorgan Jamie Dimon warns that the impacts of Trump’s ‘pretty extreme’ tariffs are still being underestimated

Wall Street boss suggests 10 percent stock market sell-off could be on the horizon

Events

4 d. ago JP Morgan chief warns of ‘complacency’ as markets look past credit downgrade

Jamie Dimon says possibility of stagflation far higher than investors realize as markets shake off Moody’s triple-A cutJP Morgan chief executive Jamie Dimon warned on Monday that investors were being too complacent as markets shook off news that the US has lost its last triple-A credit rating amid fresh concern over the federal government’s burgeoning debt pile.Credit ratings agency Moody’s dealt a blow to Washington on Friday when it stripped the US of its top-notch rating, downgrading the world’s largest economy by one notch to AA1 and become becoming the last of the big three agencies to drop its triple-A rating for the US. Continue reading...

Events