5 h. ago Cobalt firm taps in to electric car boom with £174m London stock market float

Cobalt firm taps in to electric car boom with £174m London stock market float  The Guardian

Economics

5 h. ago Stock market goes berserk on China trade deal as S&P 500 set to wipe out Liberation Day losses: Live updates

Donald Trump is sure to send the stock market rebounding after a flurry of major announcements on Sunday. 

Economics

8 h. ago FTSE 100 lags behind Europe in stock markets’ response to US

US stocks are set to open higher later on Monday, while Europe’s major markets are all up in trading

Politics

3 d. ago ‘Tone deaf’: US tech company responsible for global IT outage to cut jobs and use AI

CrowdStrike CEO announces 5% of workforce to be slashed globally, citing artificial intelligence efficiencies created in the businessThe cybersecurity company that became a household name after causing a massive global IT outage last year has announced it will cut 5% of its workforce in part due to “AI efficiency”.In a note to staff earlier this week, released in stock market filings in the US, CrowdStrike’s chief executive, George Kurtz, announced that 500 positions, or 5% of its workforce, would be cut globally, citing AI efficiencies created in the business. Continue reading...

Politics

3 d. ago Pension funds should invest more in UK equities, investors tell ministers

Downing Street meeting looks at ways to revive sentiment towards London stock market

Economics

5 d. ago UK and eurozone construction declines slow; European markets fall ahead of Fed rate decision – business live

People’s Bank of China cuts interest rates due to global uncertainty and ‘trade tensions’Matthew Pointon, senior commercial real estate economist at Capital Economics, said:The commercial balance was at its lowest since the height of the Covid lockdowns in May 2020. Early signs of a recovery in construction activity in late 2024 have therefore been snuffed out. Elevated interest rates will be partly responsible, but uncertainty caused by the US tariff announcements may also be weighing on activity.Admittedly, UK property is relatively well insulated from the impact, and some sectors may even benefit. Construction costs may also ease if materials that had been destined for the US are rerouted to the UK. But the rise in overall economic uncertainty may cause some developers to delay plans until the outlook becomes clearer. Indeed, the new orders balance saw a small fall to 44.0, from 44.2 in March. Continue reading...

Society

6 d. ago Deliveroo takeover: What is DoorDash and what will the sale mean for customers?

Here, the PA news agency looks at what the takeover will mean for customers, staff, and the London stock market.

Economics

7 d. ago Peg o’ My Heart review – Hong Kong’s disordered dream life is focus of Lynchian thriller

Set in the aftermath of the 2008 crash, Nick Cheung’s film follows a loose-cannon psychiatrist through a city deranged by stock-market stormsAn immolated teenager flailing in a run down tenement. A doubledecker bus suspended above a calm sea bay. A dishevelled middle-aged couple frolicking down a high street, caught in their own private musical. There’s an irrepressible fountain of dream imagery erupting out of Nick Cheung’s fourth feature, which imagines Hong Kong after the 2008 financial crash as a nightmarish inland empire awash in outrage, anguish and guilt. “Other people’s money!” crows one investor – but the real business here is other people’s dreams.Loose-cannon psychiatrist Dr Man (Terrance Lau) is under censure from his bosses for investigating his patients’ private lives. Maybe it’s his own uneasy dreams that motivate him to trespass, though a new bizarre case gives him added cause to go the extra mile. A narcoleptic taxi driver admitted to hospital after nodding off and ...

Science

8 d. ago How the stock market made back all its losses after Trump escalated the trade war

It felt much longer, but the U_S_ stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”

Politics

9 d. ago Trump’s Truth Social posts make no sense – what do they say about his mentality?

The president’s little used social media platform offers him a forum for his nonstop haranguing and score-settlingNo political leader has used social media quite like Donald Trump. But his recent posts on Truth Social, the social media platform he founded in 2021, have become increasingly bizarre: the president using the lack of scrutiny afforded by the platform’s small user base to truly let loose.In the hundreds of “Truths” since he took office, Trump has variously used Truth Social to reimagine himself as a king and to urge Americans to “BE COOL!” as the stock market tanked in the wake of his trade war, the president’s seemingly random use of capital letters, punctuation and inaccurate spelling consistent across the messages. Continue reading...

Politics

9 d. ago America says it’s Trump’s economy (despite his constant blaming of Biden)

Donald Trump has consistently blamed Joe Biden for the turbulent stock market after the president triggered a global trade war with his tariffs

Politics

1 week ago Wall Street and European markets finish week on a high after US jobs report

FTSE 100 records its longest winning streak as Washington releases better-than-expected hiring figuresMarkets on both sides of the Atlantic rose on Friday after hiring in the US slowed less than expected in April, offering a glimmer of hope that the world’s largest economy was in a better-than-feared position to withstand the fallout from Donald Trump’s tariffs.On Wall Street the S&P 500 was up 1.5% and the Dow Jones rose 1.3% by early afternoon on Friday, while European markets closed sharply higher after official figures showed the US workforce grew by 177,000 last month. Continue reading...

Politics

1 week ago Markets rally after better than expected data shows US added 177,000 jobs in April – business live

Live, rolling coverage of business, economics and financial markets as US employment figures for April came in higher than expected with 177,000 jobs, boosting European markets as they hope for a thaw in US-China relationsEurozone unemployment was steady 6.2% in March – unchanged relative to a revised February reading.The youth unemployment rate was 14.2%, down from 14.3% in the previous month. Continue reading...

Society

1 week ago Jobs report defies expectations and hiring remains steady despite concerns over Trump’s tariffs

The report gives the first glimpse of how the economy has fared after Trump’s so-called ‘Liberation Day’ when he introduced sweeping tariffs that plunged the stock market into chaos

Politics

1 week ago UK to ban buying bitcoin on credit card; stocks rise on hopes of US

Live, rolling coverage of business, economics and financial markets as Financial Conduct Authority considers restricting use of credit to buy crypto; stock markets gain on hopes of US-China trade thawEurozone unemployment was steady 6.2% in March – unchanged relative to a revised February reading.The youth unemployment rate was 14.2%, down from 14.3% in the previous month. Continue reading...

Politics

1 week ago Stock markets gain as China ‘evaluates’ offer of US trade talks – business live

Live, rolling coverage of business, economics and financial markets as FTSE 100 gains on hopes of US-China trade thaw; Shell profits drop 28% to $5.5bnCommodities companies are among the best performers on stock markets this morning.They would be among the best placed to benefit from the US backing down in its trade war with China. The FTSE 100 has a lot of Europe’s big mining listings, and they are leading the way on Friday. Continue reading...

Economics

1 week ago Shell profits fall as big oil faces slump in prices; UK cuts NatWest stake below 2% – business live

Live, rolling coverage of business, economics and financial markets as FTSE 100 oil company profits drop 28% to $5.5bnStock markets have gained across Europe, as investors welcomed signs of a possible thaw in the trade war between the US and China.Germany’s Dax gained 1.2% in the early trades, while France’s Cac 40 was up 1.4% – after both were closed over the May Day bank holiday. The Stoxx 600 index, which tracks big companies across Europe, rose by 0.9%. The FTSE 100 was up 0.9%.“The US has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China,” the statement said, adding that Beijing was “evaluating this”.“Attempting to use talks as a pretext to engage in coercion and extortion would not work,” it said.This optimism has continued overnight after China’s Ministry of Commerce said that it’s evaluating trade talks with the US. The ministry said this comes as “the US has recently sent messages to C...

Economics

1 week ago London Stock Exchange Group suffers shareholder rebellion over boss's £2.7m pay rise

At the company's AGM, 30% of shareholders voted against plans to raise the pay of chief executive David Schwimmer from £5.1m to £7.8m this year.

Economics

1 week ago JD Vance to fall out with France and Donald Trump as 'cracks appear' in relationship

EXCLUSIVE: Poor old France is in for it, the Scotts are going to be upset too – and Volodymyr Zelenskyy is being told he has to give his land up... if you believe in the power of psychics, that is

Politics

1 week ago McDonald’s US sales drop by most since height of pandemic in 2020

Fall comes as Trump’s tariffs knock consumer sentiment

Events