3 h. ago Trump turns attention to Spain with 'punishment' threat after doing well 'off our backs'

Donald Trump has taken a brief pause on his tariff threats to Russia to focus on his latest country of interest – Spain – and says he's 'not happy' with the NATO nation

Politics

4 h. ago The Guardian view on the IMF’s warning: Britain’s economy runs hot for profits, cold for pay | Editorial

Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standardBloomberg’s headline said it all: “UK Faces Worst G-7 Inflation and Flat Living Standards, IMF Says”. The International Monetary Fund warns that inflation will be higher in the UK than in any other major advanced economy – including in the US, where Donald Trump’s tariffs are driving up costs for American consumers. This while GDP growth per head crawls at 0.4%, the weakest of any major economy. Real wages have stagnated for 11 months. Meanwhile, official figures show that unemployment has climbed to 4.8%, the highest since spring 2021. Forget talk of Britain’s “upgraded growth”; the economy, under Labour, is running hot only for those collecting profits.The Joseph Rowntree Foundation (JRF) projects that by 2029 average disposable incomes will be £570 lower than today, a fall of 1.3% – the sharpest drop in living standards since records began in 1961. This isn’t a sim...

Events

9 h. ago IMF upgrades US growth outlook as Trump's tariffs cause less disruption than expected

The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging

Politics

9 h. ago World economy resilient amid Trump tariffs but outlook looks ‘dim’, says IMF

UK and global GDP growth forecasts upgraded for this year but immigration controls could have negative impact Business live – latest updatesThe global economy has shown “unexpected resilience” in the face of Donald Trump’s tariffs, but the full impact is yet to be felt, and outlook for growth remains “dim”, the International Monetary Fund (IMF) has warned.As policymakers gather in Washington for its annual meetings, the IMF has upgraded its forecast for global GDP growth this year to 3.2%, from 3% at its last update in July. Next year’s global forecast is unchanged, at 3.1%. Continue reading...

Politics

10 h. ago ‘It’s a big unknown’: California Democrat on Trump’s 100% tariff plan for foreign movies

Laura Friedman, who spent 20 years in Hollywood before winning her House seat, says film industry needs help but president’s vague policy idea is bafflingLaura Friedman’s love affair with film started young, staying up late to watch old Humphrey Bogart and James Cagney flicks. “It definitely gave me big dreams and I moved to Hollywood to follow those dreams,” she recalls.Now that dream is out of reach for many. Los Angeles is losing its allure as film producers increasingly turn to cheaper locations in other countries. But after 20 years working in the movie industry, Friedman is now uniquely placed to save it after she swapped Hollywood for the halls of Congress in Washington DC. Continue reading...

Politics

47 h. ago China warns of retaliation after Trump slapped country with extra tariffs – but US leader insists ‘it will be fine’

CHINA has warned it will retaliate with its own "countermeasures" after Donald Trump hit the country with extra 100 per cent tariffs - in the latest escalation of the tit-for-tat trade war. The US president played down simmering tensions between the two nations - vowing everything "will be fine" in the face of Beijing's latest...

Events

60 h. ago The IMF boss is right to say ‘buckle up’ – the global economy is facing multiple menaces

Trump’s latest tariff tantrum and rising fears of an AI bubble have very quickly borne out Kristina Georgieva’s claim that ‘uncertainty is the new normal’Trump threatens 100% tariffs as Beijing restricts rare-earth exportsLittle more than 48 hours passed last week between IMF chief Kristalina Georgieva’s warning that “uncertainty is the new normal” and Donald Trump’s latest tariff onslaught – this time aimed at China.Markets plunged on Friday after Trump threatened to levy punitive additional tariffs of 100% on Chinese goods in retaliation for Beijing’s blocks on exports of rare earth minerals. Continue reading...

Economics

3 d. ago MIKEY SMITH: 11 unhinged Donald Trump moments after he gets unexpected medical procedure

Donald Trump gets a curiously clean bill of health, slaps 100% tariffs on China ...and something weird has been going on with Melania and Putin

Politics

3 d. ago Fears of new global crash grow after Donald Trump terrifies markets by threatening 100 per cent tariff on China

The S&P 500 plunged 2.7 percent, the Dow Jones Industrial Average sank 878 points, and the NASDAQ Composite slid 3.6 percent by the closing bell in New York.

Events

3 d. ago Crypto crash: Bitcoin and Ethereum plummet after Trump imposes 100 per cent tariffs on China

The Wall Street stock market also recorded its biggest single-day losses since Trump imposed sweeping tariffs in April

Events

3 d. ago AstraZeneca makes deal with Trump to lower drug prices and avoid tariffs

Company to sell some medicines at a discount to US’s Medicaid health plan in exchange for tariff reliefDonald Trump announced a deal with the British-based drugmaker AstraZeneca for a “most-favored-nation” drug-pricing model aimed at making prescription medicines more affordable and avoiding the administration’s tariff threats.The company will sell some medicines at a discount to the government’s Medicaid health plan in exchange for tariff relief, similar to a drug-pricing pact reached last week with Pfizer. Continue reading...

Economics

4 d. ago Trump imposes extra 100 PERCENT tariff on China: S&P suffers biggest wipeout since Liberation Day

Donald Trump has announced a 100 percent tariff on all Chinese goods.

Politics

4 d. ago Markets tumble as Trump escalates trade war with 100% tariff on China ‘over and above’ current rates

Stocks had been dropping all day after Trump announced a ‘massive increase of Tariffs on Chinese products,’ to counter the country’s new export controls on rare earth minerals

Politics

4 d. ago Trump threatens 100% China tariffs as Beijing restricts rare

President accuses China of ‘very hostile’ moves and says additional tariffs could come on 1 November ‘or sooner’Donald Trump has threatened to impose additional US tariffs of 100% on China from next month, accusing Beijing of “very hostile” moves to restrict exports of rare earths needed for American industry.Wall Street fell sharply after the US president reignited public tensions with the Chinese government, and raised the prospect of another acrimonious trade war between the world’s two largest economies. Continue reading...

Politics

4 d. ago Trump reignites trade war with threat of additional 100% tariff on China

President says measures will include export controls on software and take effect from November 1 ‘or sooner’

Events

4 d. ago Donald Trump threatens extra 100% tariff as he retaliates against China

President says measures will include export controls on software and take effect from November 1 ‘or sooner’

Politics

4 d. ago US stocks close sharply lower after Trump threatens new China tariffs

Biggest one-day drop in S&P 500 since April brings weeks long rally to a halt

Politics

4 d. ago UK stocks spooked by new Trump threat of fresh tariffs on China

The US President said ‘countermeasures’ were possible as part of a dispute over critical minerals.

Politics

4 d. ago Copper Slumps in London as Trump Threatens New China Tariffs

Copper Slumps in London as Trump Threatens New China Tariffs  Bloomberg.com

Politics

4 d. ago Trump threatens ‘massive’ tariffs on China amid critical minerals dispute

US president signals he may cancel planned meeting with Xi Jinping over the move

Politics