The US government has been forced to pay billions in refunds to companies that were hit by Donald Trump’s ‘liberation day’ tariffs. The US has paid out $81bn (£61bn) this fiscal year after the supreme court ruled the tariffs...
Read MoreThe writer who coined the word ‘enshittification’ tells us why AI will never deliver what it promises – and why it still appeals so much to those in powerA “centaur”, in automation theory, is a person assisted by a machine, and...
Read MoreLast year it was China’s answer to tariffs, now it’s Iran’s retaliation to airstrikes – ‘America First’ keeps foundering on global economicsDonald Trump is teaching the world a lesson, but not the one he thinks. The attack on...
Read MoreAs Americans tire of Donald Trump, a Democratic midterm ‘tsunami’ could sweep the GOP out of powerIt was a wake-up call for America. In January, Donald Trump took the oath of office, declared himself “saved by God to make...
Read MoreBritain’s shortest-serving prime minister also critical of Bank of England and European Central BankBusiness live – latest updatesDonald Trump’s assault on the independence of the US Federal Reserve has been backed by Liz Truss,...
Read MoreThe senator and twice Democratic presidential hopeful is on tour with Alexandria Ocasio-Cortez trying to build a new progressive movement. He reveals why he thinks Republicans are scared to speak up and what went wrong for...
Read MoreBoost to £40bn UK aerospace industry as Rolls-Royce engines and aircraft parts reportedly excused by US commerce secretary British plane parts are set to be exempted from US import tariffs as part of the evolving trade agreement...
Read MoreMike Waltz and Alex Wong to leave White House roles after scrutiny following the Signal group chat scandal, multiple US media outlets reportThe Trump administration is seeking to strip collective bargaining rights from large...
Read MoreDrop comes amid a huge fall in consumer sentiment which in April dropped 32% to lowest level since 1990 recessionThe US economy shrank in the first three months of Donald Trump’s second term as the president sought to roll out...
Read MoreUS president says tariffs on imported goods will come down from 145% rate but insists ‘we’re doing fine with China’Donald Trump said during a White House news conference that high tariffs on goods from China will “come down...
Read MoreLender cuts forecasts for every major economy, with UK expected to grow by 1.1% this year, down from 1.6%Business live – latest updatesDonald Trump’s tariffs have unleashed a “major negative shock” into the world economy, the...
Read MoreIt would take an ‘extraordinary deal’ for any country to improve on 10% rate, warns Kevin HassettTrump’s about-face on tariffs reveals chaos at the core of his presidencyBusiness live – latest updatesA senior economic adviser to...
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