7 d. ago Revealed: Forecasts of greenhouse gas emissions from fossil fuels soar in Trump’s first 100 days

Tariff chaos hampers Trump’s pledge to ‘drill, baby, drill’, but analysis still shows surge in planet-heating emissions‘A ruthless agenda’: charting 100 days of Trump’s onslaught on the environmentDonald Trump’s ambitions for the US to “drill, baby, drill” for more fossil fuels have ironically been hampered by the economic chaos unleashed by his own tariffs, but the US is still on track to increase oil and gas extraction, causing a surge in planet-heating emissions, a new analysis shows.The US was already the world’s leading oil and gas power, producing more of the fossil fuels than any country in history during Joe Biden’s administration. But Trump has sought to escalate this further, declaring an “energy emergency” to open up more land and ocean for drilling and launching an unprecedented assault on environmental regulations in his first 100 days back in the White House. Continue reading...

Politics

2 w. ago A dozen US states sue to stop Trump’s ‘reckless and insane’ tariff policy

Lawsuit rebukes claim that president can arbitrarily impose tariffs based on act intended for emergenciesA dozen states sued the Trump administration in the US court of international trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy.The lawsuit said the policy put in place by Donald Trump has been subject to his “whims rather than the sound exercise of lawful authority”. Continue reading...

Politics

2 w. ago UK business output slumps in first sign of impact of Trump tariff chaos

Closely watched PMI Index points to falling output amid plummeting confidence

Politics

2 w. ago 'World's largest gold deposit' worth £61billion could be terrible news for Donald Trump

A huge gold deposit discovered in China could hold an eye-watering £61billion worth of gold which could tip the balance of global power, amid Trump's tariff chaos

Economics

2 w. ago 'World's largest gold deposit' discovery worth £61billion could be terrible news for Donald Trump

A huge gold deposit discovered in China could hold an eye-watering £61billion worth of gold which could tip the balance of global power, amid Trump's tariff chaos

Economics

2 w. ago How Trump tariff chaos will set iPhone costs soaring as expert weighs in on painful hike

EXCLUSIVE: Donald Trump's tariffs will impose increased costs on Chinese produced goods – but with most iPhones being constructed in China, experts warn UK customers could bear some extra costs

Politics

2 w. ago Martin Lewis explains whether UK energy bills will fall after Trump tariff chaos

The US President's recent tariff wars have seen global markets crash, with steep declines and then partial surges - so could the economic chaos be good news for UK households?

Politics

3 w. ago Even after tariff chaos, only 2% of Trump voters say they would change their 2024 vote

Most voters told survey they’re stil confident in their decision to vote for Trump

Politics

3 w. ago Visas not an issue in UK trade talks, insists India's top diplomat in London amid Trump tariff chaos

Vikram K Doraiswami stressed that his country wanted Indian companies to be able to move staff to Britain ‘more easily’ as part of an agreement, but their focus was on hiring locally

Politics

3 w. ago We don't want more visas, says India's top diplomat in London on trade deal with UK amid Trump tariff chaos

Vikram K Doraiswami stressed that his country wanted Indian companies to be able to move staff to Britain ‘more easily’ as part of an agreement, but their focus was on hiring locally

Economics

3 w. ago Trump’s tariff chaos has left America’s maple syrup makers in a sticky mess

Much of the equipment comes from Canada, the world's maple syrup powerhouse

Politics

3 w. ago Vermont maple syrup makers face uncertainty amid Canada and China tariff chaos

Making maple syrup in New England’s fickle spring weather can be an unpredictable business

Events

3 w. ago UK business confidence sinks to lowest level in years after tariff chaos

Taxation has emerged as a major concern for businesses

Economics

3 w. ago Aircraft deliveries at risk from tariff chaos, says Ryanair boss O’Leary

Airlines and plane manufacturers are preparing to battle over who pays for the duties

Events

3 w. ago Aircraft deliveries at risk from tariff chaos, Ryanair warns

Airlines and plane manufacturers prepare to battle over who pays the duties

Events

3 w. ago Stock markets rise on signs of Trump tariff retreat; British Steel races to keep furnaces burning – business live

Chinese exports jump as official says ‘the sky won’t fall,’ despite warning from US officials that smartphone and laptop exemption from import tariffs on China will be short-livedMatt Britzman, senior equity analyst at Hargreaves Lansdown, said:Just when it seemed the tariff chaos couldn’t get any worse, tech investors have spent the weekend scrambling to make sense of a whirlwind of confusing - and at times contradictory - messages coming out of the White House. Despite the drama, European markets have taken an easing stance on US tech components as a positive in a broad-based rally this morning, with the FTSE 100 up 1.5% in early trading.This time, it’s chips, smartphones, and other tech components taking centre stage. While there were early signs on Friday night that some broad exemptions might be in play, it turns out tariffs are still very much on the table. But here’s the twist: despite the messy rollout, what’s caught investors’ attention is the news that these products won’t...

Economics

3 w. ago Price hike on Shein? How Trump tariffs could shift the US’s love of fast fashion

Trump ended the ‘de-minimis’ rule while launching a trade war with China – which will make retail giants such as Temu more expensive, experts sayAfter a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon – prompting concern among fast fashion retailers and potentially pushing consumers to look for other alternatives.As part of a package of global tariff policies announced on “liberation day” last week, Donald Trump signed an executive order that ended a duty-free exemption for low-priced goods to enter the US from China and Hong Kong. Known as the “de-minimis” rule, packages under $800 do not qualify for any taxes or tariffs on the goods and are inspected minimally at the border. Continue reading...

Politics

3 w. ago BORIS JOHNSON: Time for Britain to lead the world out of tariff chaos

With ­trembling fingers I reached into the chilled display. It felt like hours that I had been ­scouring the shelves in the vast Texan supermarket, with aisles as long as Westminster Abbey.

Politics

4 w. ago Starmer urged to accelerate global trade deals after Trump tariff chaos

Exclusive: The UK is warned it cannot isolate itself from the effects of a trade war between the US and China after Donald Trump’s U-turn on tariffs

Economics

4 w. ago Will Trump’s tariff chaos be China’s gain in global trade wars?

As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunitiesBusiness live – latest updatesOn the basis of Napoleon’s dictum “never interrupt your enemy while they are making a mistake”, there was a large incentive for China to do precisely nothing as Donald Trump displayed his determination to lose friends and induce market panic. Indeed, the Chinese advocates of passivity cited a social media meme attributed to President Xi Jinping: “Do nothing. Win.”Initially it was tempting for China to sit back and watch the US’s former allies recoil at Trump’s disruptive war on globalisation and let them realise that, by comparison, China represented an oasis of stability, modernity and predictability. Continue reading...

Events