8 d. ago Citi del Sol: How the party ended for Wall Street bank’s Málaga experiment

‘They sold us the dream but the reality was much more different,’ said one employee 

Politics

8 d. 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

9 d. ago McDonald’s posts surprise decline in global sales in first quarter

Firm was navigating ‘toughest of market conditions’ when Trump’s tariffs worsened wallet pressures on consumersMcDonald’s posted a surprise decline in first-quarter global sales on Thursday, as demand from cash-strapped diners in its key markets faltered on uncertainty sparked by chaotic tariffs.The company was navigating the “toughest of market conditions”, the company’s CEO Chris Kempczinski said, as global comparable sales fell 1%, while analysts on average had estimated a 0.95% rise. Continue reading...

Politics

1 week ago Wall Street banks predict GDP contraction after US trade deficit hits record

Companies rushed to import foreign products in March ahead of imposition of wide-ranging levies

Events

1 week ago Cosmic metros, UFO circus tops and a 3,000C sun gun: the mesmerising architecture of Tashkent

From its cavernous domed bazaar to its ravishingly muscular museum, the Uzbek capital has one of the world’s wildest collections of modernist gems. Will its bid for world heritage status succeed?A pair of huge turquoise domes swell up on the skyline of Tashkent, the capital of Uzbekistan, perching on the jumbled horizon like two upturned bowls. One gleams with ceramic tiles, glazed in traditional Uzbek patterns. The other catches the light with a pleated canopy of azure metal ribs. Both recall the majestic cupolas that crown the mosques of the country’s ancient Silk Road cities of Samarkand, Khiva and Bukhara. But here, they cover structures of a very different kind.The ribbed metal dome crowns the home of the state circus, its futuristic-looking big top seeming to have been crossed with a UFO. Built in 1976, it’s big enough to hold an audience of 3,000. The ceramic dome, meanwhile, looms over the bustling chaos of the city’s main market, Chorsu Bazaar, built in 1980 as a wonderworl...

Events

2 w. ago The Guardian view on the IMF’s warning: Donald Trump could cost the world a trillion dollars | Editorial

The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaosWake up! When the most sober of global institutions, the International Monetary Fund, abandons its usual technocratic calm to sound the alarm on the political roots of global financial instability, it’s time to pay attention. The IMF is warning of a non-negligible risk of a $1tn hit to global output, as Donald Trump’s erratic “America first” agenda – part oligarchic enrichment scheme, part mobster shakedown – collides with a perfect storm of global financial vulnerabilities.Such a shock would be equivalent to a third of that experienced in the 2008 crisis. But it would be felt in a much more fragile and politically charged environment. This time, the crisis stems not just from markets but from the politics at the heart of the dollar system. The IMF’s latest Global Financial Stability Report sees the danger in Mr Trump’s trade ...

Events

3 w. ago Credit card late fee cap scrapped as Trump admin sides with Wall Street banks

Last month, President Trump tried to dismantle the bureau completely by slashing £100m in contracts and firing 70 employees

Politics

3 w. ago Wall Street banks rake in $37 billion in best performance for a decade after cashing in on Trump's stock market chaos

JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citi Group this year recorded their best combined first-quarter performance in more than a decade.

Economics

4 w. ago MTG scooped up plummeting stocks during market chaos sparked by Trump tariffs

The Georgia congresswoman not only bought stocks last week, but also took on some of the markets’ biggest losers

Politics

4 w. ago Nigel Farage compares turmoil of Donald Trump’s tariffs to market chaos caused by Liz Truss

Nigel Farage has compared Donald Trump with Liz Truss as he increasingly distances himself from the US president’s policies

Politics