47 h. ago US added 151,000 jobs last month but sees unemployment tick up in first report on Trump’s economy

Economists forecast that the figure would be 160,000 ahead of the eagerly awaited report

Politics

48 h. ago US unemployment rate rises to 4.1% as economy added 151,000 new jobs in February – business live

Rolling coverage of the latest economic and financial news, including February’s US jobs reportUS job market grows amid threats of mass federal layoffs and Trump tariffsThis has also been a rough week for the oil price.Brent crude, the international benchmark, has dropped by 4% so far this week to just over $70 per barrel.Trump paused tariffs and the market sold off. The old adage that the market hates uncertainty rings true. How the heck are you supposed to make investments or plan?The Nasdaq ended the session down 2.6%, while the S&P 500 finished 1.78% lower. Both are headed for weekly losses of around the 4% mark. Continue reading...

Society

48 h. ago US adds 151,000 jobs last month but sees unemployment tick up in first report on Trump’s economy

Economists forecast that the figure would be 160,000 ahead of the eagerly awaited report, which follows a month of widespread federal layoffs, tough immigration crackdowns and Trump’s trade tariffs

Politics

48 h. ago US economy undershoots expectations with 151,000 jobs created

February figure was below the 160,000 forecast by economists

Events

49 h. ago US economy undershoots expectations with 151,000 jobs created in February

February figure comes in below 160,000 forecast

Events

52 h. ago Euro on track for best week in 16 years as trade war fears hurt US dollar – business live

Rolling coverage of the latest economic and financial newsChina’s foreign minister condemns US imposition of tariffs as ‘two-faced’This has also been a rough week for the oil price.Brent crude, the international benchmark, has dropped by 4% so far this week to just over $70 per barrel.Trump paused tariffs and the market sold off. The old adage that the market hates uncertainty rings true. How the heck are you supposed to make investments or plan?The Nasdaq ended the session down 2.6%, while the S&P 500 finished 1.78% lower. Both are headed for weekly losses of around the 4% mark. Continue reading...

Events

3 d. ago European Central Bank cuts interest rates again, by quarter point – business live

Dollar slides after US president exempts carmakers from 25% tariffs on Canada and Mexico; euro and sterling reverse earlier gainsThe eurozone saw the biggest slump in construction in three months in February, according to a separate survey.There was a marked reduction in new orders while cost pressures eased, according to a monthly report from Hamburg Commercial Bank.Unpleasant signals come from the Eurozone construction sector as the HCOB eurozone construction PMI in February shows deepening weakness that does not seem likely to fade soon. The recession now encompasses all three major Eurozone economies: Germany, France, and Italy.Although the ECB, particularly executive board member Isabel Schnabel, has signalled a pause in the rate-cutting phase to await further dynamics, the construction sector makes it clear that a delay in rate cuts in interest-sensitive areas can be fatal.Sharply declining order books rippled through the UK construction sector in February, which led to accele...

Economics

3 d. ago UK construction in biggest downturn since 2020; recruiters warn of tough business conditions – business live

Dollar slides after US president exempts carmakers from 25% tariffs on Canada and Mexico; euro and sterling reverse earlier gainsThe eurozone saw the biggest slump in construction in three months in February, according to a separate survey.There was a marked reduction in new orders while cost pressures eased, according to a monthly report from Hamburg Commercial Bank.Unpleasant signals come from the Eurozone construction sector as the HCOB eurozone construction PMI in February shows deepening weakness that does not seem likely to fade soon. The recession now encompasses all three major Eurozone economies: Germany, France, and Italy.Although the ECB, particularly executive board member Isabel Schnabel, has signalled a pause in the rate-cutting phase to await further dynamics, the construction sector makes it clear that a delay in rate cuts in interest-sensitive areas can be fatal.Sharply declining order books rippled through the UK construction sector in February, which led to accele...

Events

3 d. ago Pound rises above $1.29 as Trump fears hit dollar; Poundland chain up for sale – business live

Dollar slides after US president exempts carmakers from 25% tariffs on Canada and Mexico; euro and sterling hit four-month highsThe British Chambers of Commerce (BCC) is predicting “a long and challenging year for UK businesses”. It has become more gloomy about the growth outlook for the UK and said firms will struggle to invest as they deal with a raft of rising cost pressures.This is going to be a long and challenging year for UK businesses. The BCC’s forecast shows an economy struggling without the secure foundations to kickstart business investment.Inflation will continue to be stubborn this year forcing the Bank of England to keep interest rates relatively high. Global uncertainties will add further dark clouds to the economic climate. Continue reading...

Economics

4 d. ago AD FEATURE: Manchester City star’s inspiring message on overcoming self

City forward Lauren Hemp is backing the club’s collaboration with Buy Women Built to promote female-founded businesses. This weekend, a unique live event is being held in Manchester to celebrate International Women’s Day, with tickets available for just £5

Sport

4 d. ago German debt ‘bazooka’ sends stocks, euro rallying and bond yields soaring; dollar slides – business live

Defence stocks leap while dollar falls further, sparking talk that it could lose its safe-haven statusAs defence stocks are soaring, Europe’s aerospace and defence index has hit a new record high, rising by 3.7%.The euro has also powered ahead and is now 0.8% higher against the dollar at $1.0711. Continue reading...

Society

5 d. ago FTSE 100 Live 04 March: Tariffs halt index record run, Greggs slides despite £2bn sales

The launch of Donald Trump's long-threatened tariffs against Canada and Mexico today put global markets on edge.

Economics

5 d. ago FTSE 100 Live 04 March: Tariffs halt index record run, Greggs tops £2bn annual sales

The launch of Donald Trump's long-threatened tariffs against Canada and Mexico today put global markets on edge.

Economics

6 d. ago Markets climb as defence stocks, euro and pound rally on Europe’s Ukraine peace push – business live

German stock market records biggest gains after Starmer announces ‘coalition of the willing,’ as investors expect big splurge in defence spending Eurozone inflation has dipped, moving closer to the European Central Bank’s 2% target, ahead of a widely expected drop in interest rates at the central bank’s meeting on Thursday.Headline inflation fell from 2.5% to 2.4% in January, while core inflation, which strips out volatile energy and food costs, dropped from 2.7 to 2.6%, Eurostat said this morning.After quite a strong January reading, February eurozone inflation came in soft. Core inflation ticked down after having been stable at 2.7% since September.The weak economic environment seems to trump an increase in reported input costs for the moment. For the European Central Bank, this is a dovish sign as the governing council mulls over how low it should bring rates. Continue reading...

Economics

6 d. ago FTSE 100 Live 03 March: BAE Systems shares rocket as index sets new record, Severfield slides

A big jump for the shares of BAE Systems today pushed the FTSE 100 index to a fresh record.

Events

6 d. ago Bitcoin jumps on US crypto reserve plan; euro rises on Europe’s Ukraine peace push – business live

Cryptocurrencies rally while euro and sterling rise on Keir Starmer’s ‘coalition of the willing’Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Cryptocurrencies have rallied on plans for a new US strategic reserve, while the euro and sterling rose amid Europe’s peace push for Ukraine. Continue reading...

Politics

1 week ago BP to ramp up oil and gas output in major shift away from green goals

Fossil fuel firm will cut more than $5bn from low-carbon investment plan in ‘fundamental reset’Business live – latest updatesBP is dropping green goals, ramping up oil and gas production and slashing spending on low-carbon energy as part of a fundamental reset of the troubled company.The FTSE 100 fossil fuel company has promised shareholders it will increase its target for oil and gas production by 2030 to the equivalent of about 2.4m barrels a day – about 60% higher than the figure in its net zero plan set out five years ago. Continue reading...

Politics

1 week ago BP ramps up oil and gas investment to $10bn a year in ‘fundamental reset’ – business live

Oil and gas giant abandons green ambitions, as boss says it will be ‘very selective’ about investing in fossil fuel alternativesBP will abandon its green ambitions, including plans to cut its oil and gas production by the end of the decade, as part of a “fundamental reset” of the troubled company’s strategy.Instead, it is ramping up its oil and gas investment to $10bn a year.Today we have fundamentally reset BP’s strategy. We are reducing and reallocating capital expenditure to our highest-returning businesses to drive growth, and relentlessly pursuing performance improvements and cost efficiency. This is all in service of sustainably growing cash flow and returns.This strategy will see BP grow its upstream oil and gas business, focus its downstream business, and invest with increasing discipline into the transition.Connecting offshore wind farms such as Sofia helps harness the power of the North Sea to keep the lights on and deliver homegrown energy to British consumers.OFTO is par...

Economics

1 week ago FTSE 100 Live 26 February: BP slashes green energy spending, miners drive index rally

Aston Martin Lagonda and shopping centre owner Hammerson are among the companies reporting today.

Politics

1 week ago FTSE 100 Live 26 February: Miners fuel index rally, Aston Martin Lagonda eyes 2025 recovery

Aston Martin Lagonda and shopping centre owner Hammerson are among the companies reporting today.

Politics