16 h. ago Xbox deals devastating price rise to MILLIONS amid tariff uncertainty

Microsoft has raised the price of its Xbox consoles worldwide, as firms continue to respond to rising global prices in the wake of US tariff plans.

Economics

33 h. ago McDonald’s and General Motors say Trump’s tariff war is harming business

Fast-food company reports 3.6% fall in sales and carmaker says tariffs could cost it as much as $5bn in 2025McDonald’s and General Motors have warned that uncertainty around Donald Trump’s tariff policy is hurting business, hitting sales and knocking profits.The fast-food chain reported a 3.6% fall in sales in its US home market during the first quarter, driven mainly by lower customer numbers as consumers reined in their spending in the face of an unpredictable economic outlook. Continue reading...

Politics

34 h. ago Microsoft raises Xbox prices globally amid tariff uncertainty

Sony also raised PlayStation 5 price and Nintendo delayed Switch 2 pre-orders as Trump tariffs throw electronics manufacturing into chaosMicrosoft announced on Thursday that it will increase Xbox console prices worldwide, citing “market conditions” just days after Sony made a similar move with its PlayStation 5.The tech giant also plans to raise prices for some new games developed by its video game subsidiaries. Continue reading...

Economics

43 h. ago Lloyds sets aside £100m for tariff uncertainty as lender's profits plunge

The banking giant said: 'Initial non-UK tariffs announced in the first few days of April and the immediate market response were larger than expected.'

Economics

57 h. ago Meta to report quarterly earnings amid tariff uncertainty and AI investment

Wall Street is projecting the company will post $41.36bn in revenue on $5.21 in earnings per shareMeta is set to report its first quarter earnings on Wednesday after the bell, and investors will be looking for news on whether the company met its quarterly revenue goals of somewhere between $39.5bn and $41.8bn.Wall Street is projecting the company will post $41.36bn in revenue on $5.21 in earnings per share. Continue reading...

Economics

9 d. ago Drug firm bosses call for price increases in Europe amid tariff uncertainty

The boss of AstraZeneca said Europe should increase spending on health treatment in line with recent commitments on defence.

Economics

9 d. ago Tariff turmoil: How Tesla and other companies are dealing with the uncertainty of the trade war

Uncertainty over tariffs and an unpredictable trade war is weighing heavily on companies as they report their latest financial results and try to give investors financial forecasts

Economics

1 week ago IMF forecasts three more Bank of England rate cuts this year

The International Monetary Fund has slashed its forecasts for the UK economy on the back of Donald Trump's trade tariff uncertainty warning the UK is likely to see an inflation spike

Politics

2 w. ago Netflix quarterly result beats Wall Street expectations despite Trump tariff’s pall

Streaming firm reported a $10.54bn revenue in first quarter, though analysts say consumers could reconsider spendingNetflix exceeded Wall Street expectations for quarterly results and offered a bullish revenue outlook on Thursday, signaling confidence amid the economic uncertainty surrounding Donald Trump’s erratic tariff plans.Netflix reported revenue of $10.54bn for the first quarter, edging past analysts’ estimates of $10.52bn, according to data compiled by the London Stock Exchange Group (LSEG). Shares of the company were roughly flat in after-hours trading at $970.10. Continue reading...

Politics

2 w. ago Trump approval rating knocked by poll showing Americans trust Democrats with economy more than Republicans: Live

Gold prices begin to slip after reaching a new record amid ongoing uncertainty over Donald Trump’s erratic tariff strategy

Politics

2 w. ago Trump approval rating knocked as poll shows Americans trust Democrats with economy more than Republicans: Live

Gold prices begin to slip after reaching a new record amid ongoing uncertainty over Donald Trump’s tariff strategy

Politics

2 w. ago ASML’s chipmaking machine orders disappoint amid tariff uncertainty

Shares in industry’s leading equipment supplier fall as it warns of ‘dynamic’ environment

Politics

2 w. ago Vermont maple syrup makers face uncertainty amid Canada and China tariff chaos

Making maple syrup in New England’s fickle spring weather can be an unpredictable business

Events

2 w. ago ‘Severe strain’ on tech supply chains will cause more price rises in electronics

Experts say the ongoing uncertainty around Donald Trump’s tariff policy is forcing firms to put prices up – as Sony announced PS5 price rises.

Science

2 w. ago Terrible timing and huge uncertainty: how ports and shipping are handling tariff turmoil

As they reel from Trump’s policies, companies say volatile freight costs and congestion are now the norm The container ship was halfway across the Atlantic when Donald Trump levied tariffs on steel and aluminium imports to the US from most countries during his first term in office.At the stroke of a pen on a US presidential executive order about £100,000 was added to the cost of one of the shipments on board, from the UK advanced materials manufacturer Goodfellow, destined for a US customer. Continue reading...

Events

3 w. ago ‘The damage is done’: Why Trump’s tariff pause has not stopped the risk of global recession

Even with a 90-day halt on aggressive tariff hikes, leading economists say uncertainty has already caused considerable harm

Events

3 w. ago UK toy firm Character Group pulls forecasts over tariff uncertainty

The Surrey-based firm said its ability to accurately forecast its sales to the US has been ‘considerably obscured’ by the trade tariffs.

Economics

3 w. ago Stock markets tumble day after Trump’s tariff pause erasing most of the record gains seen Wednesday

After a day of historic gains, the markets tumbled as uncertainty reigns following Trump’s tariff plan pause

Economics

3 w. ago Walmart worries Wall Street by yanking its economic expectations report amid tariff uncertainty

CFO argues company will emerge on other side of uncertainty ‘with greater share and a stronger business’

Economics

3 w. ago Trump tariffs threaten global growth and raise risk of ‘severe shocks’, says Bank of England

Levies have heaped pressure on government finances and increased chance of ‘further sharp correction’, report warnsTrump imposes new tariffs on dozens of partnersDramatic sell-off of US government bondsBusiness live – latest updatesDonald Trump’s sweeping tariffs have put global growth at risk, the Bank of England has warned, heaping pressure on government finances and increasing the likelihood of “severe shocks” to the financial system.The Bank’s financial policy committee (FPC) said its global risk environment had deteriorated and “uncertainty had intensified” since its last update in November, with US tariff announcements contributing to a “material increase in risks to global growth” and inflation levels. Continue reading...

Events