35 h. ago Global cost of Trump trade war ‘could reach $1.4tn’; Goldman Sachs cuts UK growth forecast over tariff spillovers – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

37 h. ago Global cost of Trump trade war ‘could reach $1.4tn’; tariff fears hurt UK factories – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

38 h. ago Gold at record high as markets brace for Trump tariffs ‘to affect every country’ – business live

Rolling coverage of the latest economic and financial news, as UK business secretary warns Britain will be hit by ‘Liberation Day’ tariffsTrump prepares to unveil reciprocal tariffs as markets brace amid trade war fearsTrump’s new tariffs could backfire if they are set too high, explains Mark Haefele, chief investment officer at UBS Global Wealth Management:“Wednesday’s reciprocal tariffs could push the effective tariff rate another 4 percentage points higher. Anything further than that could move tariffs beyond a revenue-raising ‘sweet spot,’ in our view.Globally, the risk of high tariffs disrupting trade and economic activity would potentially offset any US federal revenue gains that the Trump administration seeks to use to further domestic policies.”“It appears tomorrow there’ll be no country in the world exempt from the initial announcements”.I tihnk that our trading relatinship is a very strong, and fair and balanced one, so I don’t think there is the need to do this. Continue ...

Economics

54 h. ago Wrexham announce record revenue of £26.7m after boost in US popularity

More than half its turnover outside Europe in 2023-24Filming continuing for fourth TV series about the club Wrexham’s increasing popularity in the United States helped the club secure record revenue of £26.7m in their latest accounts, up 155% on the previous year. Wrexham, who are co-owned by Ryan Reynolds and Rob McElhenney, said they generated more than half (52.1%) of that record turnover from outside Europe – primarily North America – for the year ending 30 June 2024.That compared with 24.6% of turnover being generated outside Europe in the previous year’s figures. The club said the spectacular rise highlighted the effect of the “Welcome to Wrexham” documentary series, with the fourth instalment being filmed this season. Continue reading...

Economics

60 h. ago Weather tracker: Arctic winter sea ice at record low in 2025, scientists say

Annual peak is lowest on record, covering 5.53m sq miles – about 30,000 sq miles below the previous low in 2017Winter sea ice in the Arctic has reached a record low in 2025, according to Nasa and the US’s National Snow and Ice Data Center. The annual peak, recorded on 22 March, was the lowest since records began 47 years ago, with sea ice covering just 5.53m sq miles – about 1.1m sq miles less than last year – and 30,000 sq miles below the previous low in 2017. The Gulf of St Lawrence had almost no ice, while the Sea of Okhotsk experienced notably lower than average sea ice extent.In late January, sea ice extent in the Arctic unexpectedly decreased, losing an area the size of Italy (more than 115,000 sq miles). This can be attributed to cyclones pushing southerly winds in the Barents and Bering seas, causing ocean waves that broke apart and melted thin ice at the edge of the ice sheet. Temperatures up to 12C above normal were recorded between northern Greenland and the north pole. C...

Politics

5 d. ago Scientists blame a powerful polar VORTEX miles above the Arctic for the cluster of devastating winter storms which led to deaths and power outages across the UK and Ireland

Devastating winter storms that led to deaths and power outages across the UK and Ireland were driven by an intense swirling vortex of winds miles above the Arctic, scientists have revealed.

Events

5 d. ago Weather tracker: Heavy rain alerts in Queensland as floods cut off towns

Wettest March day for 15 years in some parts of northern Australian state, while storms and hail hit MediterraneanMore heavy rain has hit Queensland, Australia, just weeks after the devastation of Cyclone Alfred. Much of north and central Queensland was put under severe weather alert for heavy rainfall earlier this week, as six-hourly rainfall totals of 30-60mm were anticipated, with risk of seeing a total of up to 120mm locally in this time frame.In the north-west of the state, this rain allowed waters in the Haughton River to rise rapidly, with levels reaching 2.68 metres on Wednesday night, exceeding the 2.5-metre major flood level. Continue reading...

Events

6 d. ago Arctic sea ice hits record low for its usual peak growth period

Arctic sea ice had its weakest winter buildup since record-keeping began 47 years ago

Events

6 d. ago Arctic ends winter with lowest sea ice cover on record – scientists

The new record shows how Arctic sea ice has ‘fundamentally changed’ from earlier decades, scientists said.

Politics

7 d. ago ‘Really like Big Macs’: meet the US man who has eaten a record

Donald Gorske, 71, has eaten two of the McDonald’s offering every day since 1972, and holds the Guinness World RecordIf chowing down on Big Mac hamburgers daily for more than 50 years had ever inflicted any harm on him, Donald Gorske would probably get himself evaluated for an obsessive disorder, he admitted.But he has attained a measure of fame, having held since 1999 the Guinness World Record for most Big Macs eaten over a lifetime – while maintaining his cholesterol and blood sugar levels have always been normal. Continue reading...

Politics

8 d. ago Cameron Myers: from promising schoolboy to contender in greatest middle distance era | Jack Snape

Expectation around the 18-year-old is sky high after the Australian athlete twice broke the under-20 mile recordAt the end of his final day of high school in December, Cameron Myers cut his hair. It was done without forethought or fanfare at his friend’s house in Canberra, as one of the world’s most highly-touted teenage athletes marked the end of one chapter, and the start of another.Cropped short, the new style has stuck, part of a personal overhaul in the past 12 months that has elevated him from schoolboy of promise to contender in the greatest era of men’s middle distance running. “Having short hair is a nice change, and almost just feels like you’re a different person,” he says. Continue reading...

Politics

8 d. ago US honeybee deaths hit record high as scientists scramble to find main cause

US Department of Agriculture calls in university to help study decline as Trump administration staff cuts stingHoneybee deaths have hit record highs in the US, with the unprecedented loss of colonies pushing many beekeepers close to ruin as scientists scramble to identify the main cause of the huge declines.Commercial beekeepers have reported losing more than 60% of their colonies, on average, over the winter, according to an ongoing Project Apis m. survey that covers more than two-thirds of America’s managed bees. Continue reading...

Events

9 d. ago Record 275,000 tickets sold for Women's Rugby World Cup 2025

The event is now the most successful tournament ever following unprecedented sales across the eight host venues in England

Sport

9 d. ago Weather tracker: Severe thunderstorms threaten flooding in northern Australia

A broad trough has dragged in warm, moist air and offers perfect ingredients for heavy rainfall and even supercellsNorthern parts of Australia have been under a flood warning this weekend, with further flooding set to bring havoc to south-eastern parts of the Northern Territory and western Queensland early this week. A broad trough – an area of locally lower pressure – has been moving across northern Australia, dragging in warm, moist air from the Gulf of Carpentaria and providing the perfect ingredients for the formation of severe thunderstorms, and even supercells.More than 70mm (2.75in) of rain fell in an hour under the slow-moving storms over the weekend in what is usually an arid, low rainfall zone with a desert/grassland climate classification. Some parts of the region have sparse observation data, but some local stations have been able to record more than 100mm within 24 hours, with 132mm of rain at Marion Downs, Queensland. Continue reading...

Events

1 week ago Scotland's record goalscorer 2025: The top 15 Scottish players with the most international goals

Where does Scott McTominay place in Scotland’s list of record goalscorers after his winning penalty vs Greece?

Sport

2 w. ago Commuter plane that crashed in Alaska was half a ton overweight for conditions

National Transportation Safety Board releases preliminary report on loss of aircraft that killed all 10 onboardA commuter plane that crashed on sea ice off Alaska, killing all 10 people onboard, was half a ton overweight for the weather conditions, the National Transportation Safety Board said in a preliminary report released on Wednesday.The report said the plane was too heavy for conditions that cause icing at the speed and altitude it was flying. Continue reading...

Events

2 w. ago Indigenous guides in the Arctic are training Canada’s military: ‘When they talk, I listen’

With the country facing new threats to its sovereignty, the country is looking to reaffirm itself as ‘an Arctic nation’Warrant officer Jim Davison had spent a full day travelling the sea ice off the coast of Baffin Island when his group decided to set up camp for the night.The Canadian soldier ran through a mental checklist of what was needed: shelter in the forest, wood for a fire and a source of fresh water. Continue reading...

Events

2 w. ago Gold hits record high over $3,000 amid rising geopolitical tensions; Thames Water receives six takeover offers – business live

Rolling coverage of the latest economic and financial news, as gold hits $3,027 per ounceGold is continuing to hit new heights this morning – it’s now trading at $3,027 per ounce.“In the current environment, every day seems to offer a new catalyst for the gold price,” comments Kathleen Brooks, research director at XTB.In uncertain times, central banks and individuals demand gold, while inflation concerns emanating from President Trump’s tariffs and trade war are also boosting the price of gold.Life above $3,000 per ounce could be the norm for the gold price in 2025, it is already higher by 15% YTD, easily outpacing gains for global equities. Continue reading...

Events

2 w. ago How the Scotland players rated across 2025 Six Nations as star man breaks tournament record

Each Scotland player rated out of 10 for their performance

Sport

2 w. ago Premier League delays use of new offside technology after record VAR hold

Semi-automated offside technology failed in FA CupFA will continue to use it, including in Cup finalThe Premier League has further delayed the introduction of semi-automated offside technology (SAOT) after the record eight-minute VAR check in the FA Cup fifth-round tie between Bournemouth and Wolves.The technology, which was trialled for the first time in English football in seven of the eight fifth-round ties, failed at the Vitality Stadium owing to what sources described as a “congested penalty area”. This led to an unprecedented wait while the video assistant referee, Timothy Wood, made three checks before the Bournemouth defender Milos Kerkez’s first-half goal was disallowed for offside. Continue reading...

Politics