Rolling coverage of the latest economic and financial news, as UK households grow more worried about debtsUK consumer sentiment continued to sink this month, as households grow more worried about debt levels.A poll of consumer confidence from data firm…
Prime minister’s Liberal Democratic party to be pressed on promised tax cuts and fiscal stimulus plansBusiness live – latest updatesJapan’s stock market has hit a record high after Sanae Takaichi’s Liberal Democratic party (LDP) secured a comprehensive…
Rolling coverage of the latest economic and financial newsChina travel warning for Japan sends shares in tourism and retail companies plungingAlthough WPP’s shares have slipped back a little (+3.7%), they’re still leading the FTSE 100 risers.AJ Bell in…
Investors rattled by resignation of French PM but country is not alone in trying to grapple with political mathsMacron asks outgoing French PM to make last-ditch effort to avoid political crisisWhat happened on a chaotic day in French politics – and wh…
US president says Japanese imports will face 15% levy instead of threatened 25%, prompting reports of a similar deal with the EUBusiness live – latest updatesFinancial markets around the world have rallied after Donald Trump announced a trade deal wit…
Trading partners around the world express anger including Mexico which buys more steel out of the US than it sends the other wayThe US has doubled tariffs on foreign steel and aluminum imports to 50%, pressing ahead in the face of criticism from key tr…
President tells Pennsylvania rally tariffs will aid workers but questions raised over nature of Nippon Steel investmentDonald Trump announced on Friday he was doubling foreign tariffs on steel imports to 50%, as the president celebrated a “blockbuster”…
G7 finance ministers and central bank governors pledge to address ‘economic imbalances’, without naming ChinaTop finance officials from the world’s seven wealthiest democracies have set aside stark differences on US tariffs and agreed to counter global…
PS5 digital price in UK would rise to £430 and €500 in Europe as Japanese games developer cites ‘challenging economic environment’Sony has increased the price of its PlayStation 5 by 25% as the video game industry reels from the impact of Donald Trump’…
As China retaliates against tariffs, it is also making strategic manoeuvres on EU and Asia to maximise opportunitiesBusiness live – latest updatesOn the basis of Napoleon’s dictum “never interrupt your enemy while they are making a mistake”, there was …
US stock market closes with stocks down after volatile trading day as investor hopes for concessions and delays on tariffs waxed then wanedHow ‘liberation day’ rout compares with other notorious stock market crisesWall Street traders on Trump tariffs: …
Japan’s complex defence alliances built up over years as protection against China could be put at risk in a Trump-launched trade warArguably, no country in Asia has better reason to be in a state of anxiety over the return of Donald Trump to the White …
Forecast upgrades UK to joint second after US but it is still expected to have highest inflation among G7 countriesBusiness live – latest updatesThe global economy is “turning a corner”, according to the Organisation for Economic Cooperation and Develo…
Europe’s main indices all decline and Japanese equities suffer worst day since 2020 while gold hits fresh recordStock markets in Europe, Asia and New York tumbled on Friday as fears of a US economic slump grew and technology shares were hit by underwhe…
Rolling coverage of the latest economic and financial news, as UK central bank publishes its new financial stability reportGlobal wave of elections could hit UK financial system, warns Bank of EnglandJust in: Sweden’s central bank, the Riksbank, has le…
The accelerating slide in the value of Japan’s currency could ultimately be bad news for people in Japan who are heavily reliant on importsThe value of Japan’s currency has tumbled so much, that its value is back to where it was in 1990, shortly after …
High interest rates, a slowdown in China and a possible Trump victory could make for a rocky yearThe global economy was full of surprises in 2023. Despite the sharp rise in interest rates, the US successfully avoided a recession, and major emerging mar…
Rate tops level last seen after Liz Truss mini-budget as fears of global inflation and US political instability spook marketsBusiness live – latest updatesWhat are bond yields and why are they at a 25-year high?Britain’s long-term cost of borrowing has…
Fed’s performance over next six months is key but challenges may be bigger than many analysts expectThe global economy this year is full of puzzling surprises. Japan’s GDP growth is currently surpassing that of China, and July retail sales in the US we…
Leaders expected to form council that will discuss response if states such as Russia and China boycott trade for political reasonsThe UK and other G7 countries are planning collective action against Russia and China if they threaten trade boycotts for …