39 h. ago Trump plans to impose 50% tariff on EU imports from next month

European stocks slide and Wall Street set to open lower after US president attacks the bloc

Politics

63 h. ago House passes Trump’s ‘big beautiful’ tax and spending bill after months of wrangling – US politics live

Sweeping legislation will now be sent to the SenateThe Kremlin said on Thursday that a report in the Wall Street Journal which said US president Donald Trump had told European leaders that President Vladimir Putin did not want to end the war in Ukraine contrasted with its own knowledge.The Journal said Trump had briefed European leaders after talking to Putin by phone on Monday and said Putin wanted to keep fighting in Ukraine because he thought he was winning.With a narrow 220-212 majority, House Speaker Mike Johnson could not afford to lose more than a handful of votes from his side.Republicans on the party’s right flank had pushed for deeper spending cuts to lessen the budget impact, but they met resistance from centrists who worried they would fall too heavily on the 71 million low-income Americans enrolled in the Medicaid health program. Continue reading...

Politics

1 week ago Falkirk schools' have highest number of leavers going to 'positive destination'

Councillors praised a "wonderful report" that showed 96.25 per cent of pupils found jobs or stayed in education

Politics

1 week ago Business News: Nissan to axe 20,000 jobs but sunshine helps brighten outlook of UK's High Streets

From Marston’s and Wickes posting strong trading updates to Virgin Media O2’s £1.4bn merger, major job cuts at Nissan, a rise in UK unemployment, and a bumper April for retail - here are today’s top stories in UK business.

Politics

1 week ago UK windfall tax can fund switch to green jobs for North Sea oil workers – report

Exclusive: Campaigners call for energy profits levy to be made permanent to enable ‘just transition’ from fossil fuelsMaking permanent the UK’s windfall tax on oil and gas producers would generate enough cash to enable North Sea workers to move to green jobs, research has found.Cutting current subsidies to fossil fuel producers would free up yet more funds to spend on the shift to a low-carbon economy, according to the report. Continue reading...

Economics

3 w. ago Trump’s promised ‘golden age’ for the US economy is off to a chaotic start

Growth in the first three months was challenged by Trump’s overhaul plans, and execution of his tariffs created widespread confusion and uncertaintyDonald Trump promised to usher in a new “golden age” for the US economy – one with lower prices, more jobs and greater wealth. This week, his first quarter report card came in, and the new age is off to a chaotic start.Gross domestic product (GDP) shrank for the first time in three years during the first quarter, abruptly turning negative after a spell of robust growth as trade distortions and weaker consumer spending dampened activity. Continue reading...

Politics

3 w. ago Trump administration to cut thousands of jobs from CIA and other spy agencies – report

CIA to lose 1,200 while NSA among other agencies reported to face downsizing amid president’s drive to shrink federal workforceThe White House plans to cut staffing at the Central Intelligence Agency by 1,200 positions while other intelligence agencies including the National Security Agency will also shed thousands of jobs, the Washington Post has reported.A person familiar with the plan confirmed the changes to the Associated Press on condition of anonymity. Continue reading...

Politics

3 w. 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

3 w. 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