45 m. ago China says it will ‘fight to the end’ after Trump threatens additional 50% tariffs – business live

Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmailTrump threatens additional 50% tariffs on China over retaliatory leviesSouth Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December. Continue reading...

Politics

48 m. ago China vows ‘fight to the end’ after Trump threatens extra 50% tariff

Beijing and Washington swap warnings of additional trade retaliation as markets rebound in Asia

Politics

2 h. ago QUENTIN LETTS: The poohbahs were like aristocratic ladies confronted by the pong of fish

Bumpy sort of day for our political class. Stock markets were diving like guillemots and Net Zero sprang a leak - Labour was doing a reverse-ferret on electric car rules.

Events

2 h. ago ALEX BRUMMER: This really is a global catastrophe, but the PM hasn't grasped just how vulnerable we are

Wall Street trader Bill Ackman is one of Donald Trump's most faithful backers in the financial world.

Politics

2 h. ago China says it will not bow to US pressure after Trump threatens additional 50% tariffs – business live

Beijing vows to safeguard its interests after Trump promises steeper tariffs if China doesn’t retract planned countermeasures, as markets brace for further volatilityTrump threatens additional 50% tariffs on China over retaliatory leviesJapan’s benchmark Nikkei 225 index has now risen 3%, AFP is reporting.The uptick comes after financial markets across the globe posted a third day of losses on Monday as investors worried that steep trade barriers around the world’s largest consumer market could lead to a recession. Continue reading...

Events

3 h. ago Trump proves that a president’s word salads can move the markets

ANALYSIS: Trump said he was not considering pausing tariffs, but failed to explain the contradictions in his policy, Richard Hall writes

Politics

3 h. ago BoE asks banks whether clients have funding problems after Trump

Central bank’s Prudential Regulation Authority has so far found little sign of serious financial distress

Politics

4 h. ago The chart that shows how clever Warren Buffett is as rival billionaires Elon Musk and Jeff Bezos reel from Trump's tariffs

Warren Buffett made some smart moves in the stock market over the last year, as he became the only billionaire among the world's richest whose net worth increased in recent days.

Politics

4 h. ago Trump threatens extra 50% tariff on China in day of wild market swings

US president sticks with plan to ‘reset’ global trade but sends mixed signals about negotiations

Politics

4 h. ago Wildfires Scotland: How bad are the wildfires in Scotland and why do they start?

Firefighters have said some people are still unaware wildfires happen in Scotland, despite them happening each year

Events

4 h. ago Minister to pitch Scottish business during trip to China and Japan

Richard Lochhead said the two Asian markets are increasingly important to Scotland amid a ‘volatile global economy’.

Politics

5 h. ago How actual 'fake news' sent Wall Street on a $2.4 trillion rollercoaster in just 15 minutes

Wall Street saw wild trading with the Dow Jones swinging 2,500 points between its highs and lows.

Politics

6 h. ago HMRC tax bill letters could be sent to those with over £3,500 in savings account

People are being warned they could face an unexpected tax bill from HMRC as the taxman ramps up efforts to collect cash before the end of the financial year

Economics

6 h. ago Trump says he is ‘not looking’ at a pause in tariffs to allow trade negotiations

Markets swing as Washington says it will kick off trade talks with Japan

Politics

6 h. ago Filthy farms and markets are ticking time bombs for new deadly viruses that can jump from animals to humans

Health experts have warned that the fur trade should be banned, calling it a ticking time bomb

Events

6 h. ago Seesaw day ends with Dow down as Trump’s tariff reports send stock markets on wild swings

Claims that Kevin Hassett said Donald Trump is considering a 90-day pause on tariffs are ‘fake news’

Politics

6 h. ago Trump says US in direct talks with Iran over nuclear program as he holds Oval Office meeting with Netanyahu – US politics live

President says talks to continue on Saturday and adds he and Israeli president also discussed tariffs and Israel-Gaza warEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics

6 h. ago Donald Trump says he is not looking at pausing tariffs as US markets close after rocky day – business live

US president, when asked about considering a pause in global tariffs, says ‘We’re not looking at that’Trump threatens additional 50% tariffs on China over retaliatory leviesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

6 h. ago Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession

Economics

7 h. ago Trump tariffs live: President dismisses tariff pause as Netanyahu vows to ‘eliminate’ US trade barriers

US president describes sweeping tariffs as ‘medicine’ as major volatility in global markets continues

Politics