2 h. ago Davos: Reeves urges leaders to keep cool heads over tariff threat in free trade call – business live

Rolling coverage of the World Economic Forum in Davos, where European Commission president says Europe must respond to geopolitical shocksFull report: Trump tariffs over Greenland are an error, says Ursula von der LeyenScott Bessent then denies that European Union countries, and the UK, could exercise the “nuclear option” over the Greenland crisis, and dump their holdings of US Treasuries.Asked how the Treasury Department, and the White House, would prepare for this, Bessent insists it is a “completely false narrative”, and claims the media are “hysterical” over the issue.I would say this is the same kind of hysteria that we heard on April 2nd. There was a panic.What I am urging everyone here to do is sit back, take a deep breath, and let things play out.What president Trump is threatening on Greenland is very different than the other trade deals. So I would urge all countries to stick with their trade deals. Continue reading...

Politics

3 h. ago US supreme court releases more decisions but does not rule on Trump tariffs – live

Court did not publish much-anticipated ruling on the legality of Trump’s tariffs as US president doubles down on Greenland threatsThe supreme court did not issue a decision today on the legality of Donald Trump’s sweeping global tariffs.It’s not immediately clear the next date the court will issue opinions. Continue reading...

Politics

5 h. ago US supreme court set to release more rulings as Trump tariffs decision looms – live

Unclear if court will publish much-anticipated ruling on the legality of Trump’s tariffs as US president doubles down on Greenland threatsDonald Trump will head to the World Economic Forum in Davos, Switzerland later today.He’ll be joining several of the ally countries that he’s been lambasting, and threatening with tariffs, in recent days over his longstanding goal to annex Greenland. Continue reading...

Politics

8 h. ago FTSE 100 Live 20 January: European stocks slump on Trump tensions, dollar weakens

The UK’s unemployment rate has stayed at the highest level for nearly five years, fuelled by deepening jobs woes in the retail and hospitality sectors.

Politics

8 h. ago Davos: US treasury secretary Scott Bessent urges Europe not to retaliate over Greenland tariffs – business live

Rolling coverage of the World Economic Forum in Davos, where Bessent claims reports Europe could sell Treasury bonds is ‘completely false narrative’Scott Bessent then denies that European Union countries, and the UK, could exercise the “nuclear option” over the Greenland crisis, and dump their holdings of US Treasuries.Asked how the Treasury Department, and the White House, would prepare for this, Bessent insists it is a “completely false narrative”, and claims the media are “hysterical” over the issue.I would say this is the same kind of hysteria that we heard on April 2nd. There was a panic.What I am urging everyone here to do is sit back, take a deep breath, and let things play out.What president Trump is threatening on Greenland is very different than the other trade deals. So I would urge all countries to stick with their trade deals. Continue reading...

Society

10 h. ago FTSE 100 Live 20 January: Markets under pressure, jobless rate at 5

The UK’s unemployment rate has stayed at the highest level for nearly five years, fuelled by deepening jobs woes in the retail and hospitality sectors.

Society

24 h. ago What are Trump’s latest tariff threats and could EU hit back with ‘big bazooka’?

Europe could use powerful but untested law amid pressure over Greenland – but it could also lose out from a trade warMarkets stay calm amid Trump’s gambit, but long-term risks are hugeEuropean industry hits out at ‘ludicrous’ demandsEurope live – latest updatesDonald Trump’s threat to impose punitive US import tariffs on eight European countries opposed to his ambitions in Greenland has raised fears of a full-blown transatlantic trade war. Continue reading...

Events

26 h. ago What are Trump’s latest tariff threats and could the EU hit back with its ‘big bazooka’?

Europe could use powerful but untested law amid pressure over Greenland – but it could also lose out from a trade warEuropean industry hits out at ‘ludicrous’ demandsBusiness live – latest updatesEurope live – latest updatesDonald Trump’s threat to impose punitive US import tariffs on eight European countries opposed to his ambitions in Greenland has raised fears of a full-blown transatlantic trade war. Continue reading...

Events

29 h. ago EU prepared to respond to Trump’s Greenland tariff threats but hope to deescalate at Davos – Europe live

German chancellor Friedrich Merz says that Trump repeatedly threatens tariffs and often implements them, but sometimes you can talk him out of following through.Donald Trump links threats to seize Greenland to Nobel prize snubIn a nod to Trump’s efforts on Ukraine, Starmer says he recognises the US president’s role in pushing for ceasefire there – as he says “we will work closely with the United States, Ukraine and our other allies to apply pressure where it belongs: on Putin.”In his strongest criticism of Trump yet, Starmer goes on to say:A trade war is in no one’s interest, and my job is always to act in the UK’s national interest. Continue reading...

Politics

30 h. ago Panicking EU leaders to hold emergency Greenland summit after Trump's trade war threat: Live updates

EU leaders will hold an emergency summit on Greenland following US President Donald Trump's threats to impose new tariffs on EU countries.

Politics

31 h. ago Starmer rules out retaliatory tariffs against US over Greenland

PM says US tariffs are in no one’s interests – and Greenland row should be resolved through ‘calm discussion’ UK politics live – latest updatesEurope live – latest updatesKeir Starmer has ruled out imposing retaliatory tariffs on the US, saying they would be the “wrong thing to do”, after Donald Trump threatened them against Nato allies to try to secure Greenland.The prime minister said US tariffs would damage the British economy and were “in no one’s interests”. The UK would instead prefer to address the issue through “calm discussion” between allies, he added. Continue reading...

Economics

31 h. ago Starmer plays down retaliatory tariffs against US over Greenland

PM says US tariffs are in no one’s interests – and Greenland row should be resolved through ‘calm discussion’ UK politics live – latest updatesEurope live – latest updatesKeir Starmer has played down the prospect of retaliatory tariffs on the US, saying they would be the “wrong thing to do”, after Donald Trump threatened them against Nato allies to try to secure Greenland.The prime minister said US tariffs would damage the British economy and were “in no one’s interests”. The UK would instead prefer to address the issue through “calm discussion” between allies, he added. Continue reading...

Economics

32 h. ago Trump warns Denmark a deal for Greenland 'will be done' as Starmer addresses UK over tariff threats: Live updates

US President Donald Trump has warned a deal for Greenland 'will be done' as Prime Minister Keir Starmer began his speech addressing tariff threats.

Events

33 h. ago Rachel Reeves pulls out of London Stock Exchange event after new Trump tariff threat

Markets down on Monday after threat to impose up to 25% tariffs on eight European countries over GreenlandBusiness live – latest updatesGold and silver hit record highs as markets reelRachel Reeves has pulled out of a planned appearance at the London Stock Exchange to celebrate a “new golden age” for the City, after Donald Trump’s threat to implement tariffs until the US is allowed to buy Greenland.The chancellor’s withdrawal from the event, which was designed to be a celebration of business in the UK after the FTSE 100 rose above the 10,000 mark for the first time, came as markets opened down on Monday morning after the US president’s threat. Continue reading...

Politics

34 h. ago FTSE 100 Live 19 January: Markets lower amid tariffs threat, WH Smith surges

The FTSE 100 index is under pressure after Donald Trump threatened fresh tariffs on eight European countries including the UK.

Economics

34 h. ago FTSE 100 Live 19 January: Gold higher and index down amid Greenland tariffs threat

The FTSE 100 index is under pressure after Donald Trump threatened fresh tariffs on eight European countries including the UK.

Events

34 h. ago Greenland latest LIVE: Starmer to speak at Downing Street as Trump's Greenland tariffs threat plunges Nato into crisis

Starmer’s speech comes as Trump claims Denmark has failed to heed warnings to protect Greenland from the threat of Russia

Events

52 h. ago Trump’s tariff threat over Greenland risks ‘dangerous downward spiral’, warn Nato members – Europe live

The leaders of Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden and the UK issue joint statement ahead of EU ambassadors meetingThe United States will also suffer if president Donald Trump implements threats to impose tariffs on European countries opposing his plans to acquire Greenland, a French minister said on Sunday.“In this escalation of tariffs, he has a lot to lose as well, as do his own farmers and industrialists,” French agriculture minister Annie Genevard told broadcasters Europe 1 and CNews. Continue reading...

Events

54 h. ago EU diplomats to hold crisis talks over Trump Greenland tariff ‘blackmail’

Emmanuel Macron to urge EU to use its powerful anti-coercion instrument if US goes ahead with tariffsEurope live – latest updatesSenior European diplomats are due to hold crisis talks after Donald Trump said he was targeting eight European nations with tariffs over their support for Greenland.Italy’s prime minister, Giorgia Meloni, said Trump’s tariffs were a mistake, and the Dutch foreign minister, David van Weel, described the US president’s threats to allies as “blackmail”, as reaction from European leaders continued to pile up. Continue reading...

Politics

54 h. ago Meloni warns Trump over Greenland tariffs as EU ambassadors summoned for emergency talks – Europe live

European leaders hit back at Trump ‘blackmail’ as president escalates plan for the US to acquire GreenlandThe United States will also suffer if president Donald Trump implements threats to impose tariffs on European countries opposing his plans to acquire Greenland, a French minister said on Sunday.“In this escalation of tariffs, he has a lot to lose as well, as do his own farmers and industrialists,” French agriculture minister Annie Genevard told broadcasters Europe 1 and CNews. Continue reading...

Events