Yesterday was a big day for BTFD
‘ Liberation day ’ proved suboptimal for the stock market. The S&P 500’s 4.84 per cent decline was the 23rd biggest since at least 2000, and a larger drop than the one that followed Lehman’s ...
China announces 34% retaliatory tariffs on US imports
China has announced it will impose additional tariffs of 34 per cent on imports from the US in retaliation for duties of the ...
Flight to safety pushes 10-year Treasury yield below 4%
A flight to quality has pushed yields on 10-year Treasuries below 4 per cent for the first time since Donald Trump won last year’s election, as investors look for havens from the market turmoil ...
Premier League clubs rely on £1bn of player sales to offset stubborn losses
Premier League football clubs relied on player sales worth £1bn in an effort to balance the books last season, as rising costs and a cooling media rights market exposed stubborn financial fragilities ...
UK glass factory at risk of closure if no buyer found, says Japanese owner
The Japanese owner of a specialist glass factory in the UK supplying cars and wind turbines has threatened to shut down the site if a buyer or partner cannot be found within two months, putting 250 ...
Minister hits back at Trump claim UK is ‘very happy’ with tariffs
A British Treasury minister has denied claims by Donald Trump that Sir Keir Starmer was “very happy” to see a 10 per cent tariff slapped on UK exports to the US. James Murray said: “We are ...
‘Manchester-style’ mayoralty will not work in London
As Jim Waterson reveals in London Centric, his excellent newsletter about the capital’s politics, the leaders of all 32 ...
BP chair Helge Lund to step down
BP chair Helge Lund has announced plans to step down after a bruising tenure in which the oil major tried to pivot away from ...
Inflation fears add to pressure on Federal Reserve
“The increased risks to both inflation and employment put the Fed in an even greater bind going forward,” said Krishna Guha, ...
Trump tariffs live: Global equities under pressure as tariffs shake markets
Prime Minister Shigeru Ishiba described the imposition of across-the-board US tariffs as a “national crisis” as bond yields logged one of their biggest weekly drops in three decades and Tokyo stocks ...
What the dollar’s bad day shows
US tariffs, the consensus story goes, push the dollar up. Tariffs lower demand for imports, resulting in fewer dollars getting swapped for foreign currencies. That decreases demand for euros, yen and ...
Great rail journeys
From the luxury of the Orient Express in Italy, to the wilds of the Rockies on board the 97-hour Canadian — a series of features that celebrate the joys of train travel ...