The Guardian » 6 days ago
UK government borrowed £151.9bn in year to March; investors cheered by hopes of US-China trade dealEuropean stocks have also opened higher, as a wave of relief spread across markets.The UK’s FTSE 100 index is up by 1.2% at 8...
The Guardian » 1 week ago
World body says ‘sharp repricing of risks’ possible amid growing concern over role of ‘nonbank’ lendersIMF warns of ‘major negative shock’ from ...
The Guardian » 1 week ago
Bosses from automotive, manufacturing and energy warned MPs about effect of Trump tariffsBritain’s manufacturers will start cutting jobs “within weeks” unless the government can strike a deal to safeguard the UK economy from Donald Trump’s trade war, industry leaders have...
The Guardian » 1 week ago
US 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 substantially, but it won’t be zero”.&...
The Guardian » 1 week ago
The International Monetary Fund, a global financial body, said the long-term impact of Trump's tariffs would be negative for the global economy. Pierre-Olivier Gourinchas, the IMF's chief economist, also said the organisation revised down growth for the UK partly due to the impact...
The Guardian » 1 week ago
Where once the world came together to fight the credit crunch, Trump’s tariffs will set a more divisive testWhen the world’s finance ministers and central bank governors gather at the International Monetary Fund in Washington this week, it may kindle memories of another m...
The Guardian » 1 week ago
Jerome Powell is a soft target for the president amid economic instability. But getting rid of him would only invite more chaosUS stock markets, Treasury bonds and the dollar itself are sliding amid the tariff turmoil and Donald Trump needs a soft target. It was probably ...
The Guardian » 1 week ago
The US president’s economic agenda collides with fragile financial systems, triggering market fears, investor flight and developing nation chaosWake up! When the most sober of global institutions, the International Monetary Fund, abandons its usual technocratic calm to so...
The Guardian » 1 week ago
The media likes to advertise well-known metrics like unemployment and the ‘lipstick index’, but the truth is that no one really knowsAs someone who keeps a close eye on the economy, I often bump into those strange metrics that people like to write about that, supposedly, ...
The Guardian » 1 week ago
US president’s chief trade adviser is intellectual driving force behind global tariffs and trade war with ChinaElon Musk called him “dumber than a sack of bricks” but, in the raw contest ...