US and China appear poised for a heightened trade conflict as retaliatory tariffs on billions of dollars’ worth of American goods raise international economic concerns, prompting warnings of further escalation.
The Bank of England has halved its growth outlook, triggering a rate cut that boosts the FTSE 100 to record levels, while sterling slides and concerns of economic stagnation pose a setback for Reeves.
Trump’s plan for Gaza draws global condemnation from Western allies, causing outrage among Arabs and Europeans and sparking fears for the West Bank.
China aims to gain leverage in talks with the Trump administration by recommencing probes into major US technology firms, prompting cautious scrutiny from Western governments.
Following discussions between Sheinbaum and Trump, tariffs on Mexican goods have been temporarily suspended, leading to a rebound in market confidence and easing tension regarding border policy.
Businesses are pushing back against trade measures that are expected to increase inflationary pressures and raise prices for consumers, with concerns over economic impact and supply chain disruptions.
AstraZeneca has decided to abandon its £450 million vaccine manufacturing facility project, following disagreements over state support and raising concerns about potential impacts on the broader growth strategy.
The European Central Bank has reduced interest rates by a quarter-point in response to economic headwinds and stagnant growth, bringing it to the lowest level in two years.
London is experiencing a gold shortage as New York accumulates $82 billion in bullion, driven by tariff concerns affecting shipments and resulting in longer queues for Bank of England withdrawals, while traders notice an arbitrage opportunity.
Donald Trump has implemented a freeze on hundreds of billions of dollars in federal grants and loans, prompting significant concern due to its potential economic impact and the perception of it being a strategic move to advance conservative values.