China and US call truce in trade war with deal to slash punishing tariffs The FT reports that the US and China have agreed to lower tariffs for the next 90 days in a major de-escalation in the tariff war that is threatening to cut off trade between the world’s two largest economies. Starmer’s crackdown on immigration echoes Brexit vow to ‘take back control UK Prime Minister Sir Keir Starmer has announced a migration crackdown…
The UK’s labour market has continued to show signs of strain, with the number of workers on company payrolls falling during the opening months of 2025. According to the Office for National Statistics (ONS), both employment figures and job vacancies have declined, suggesting ongoing softness in the economy.
Financial Times reports that the prime minister is the first to seal a deal with the United States since Donald Trump unleashed his tariffs war on the world.
With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry remains a bright spot amid global turbulence and uncertainty.
The Taiwan test Relations between America and China are at a low ebb. Tariffs of well over 100% on both sides have severed trade. Each is striving to dominate 21st-century technologies such as artificial intelligence (AI). A massive military build-up is under way. In the previous cold war such rivalries came to a head over flashpoints like the Berlin airlift and the Cuban missile crisis. Today American resolve is likely to be tested over Taiwan—and…
Trump ditches Waltz after Maga wrath builds against national security adviser Donald Trump has tapped secretary of state Marco Rubio to be interim national security adviser after firing Mike Waltz and his deputy following a scandal over the use of a private messaging app to discuss military plans. Trump announced the move on Truth Social on Thursday afternoon, saying Waltz would be nominated to serve as US ambassador to the UN, keeping a prominent role…
Trump trade war distorts US economy as banks win and consumer mood dims The US economy contracted by an annualised 0.3 per cent over the first quarter, as companies in the world’s largest economy responded to Donald Trump’s trade war by rushing to import goods. The fall in the GDP reading — the first since 2022 — was worse than economists’ most recent forecasts and compared with the 2.4 per cent rise for the fourth…
Mark Carney’s Liberals win pivotal Canadian election Mark Carney has won Canada’s election after a campaign dominated by the country’s relationship with the US under Donald Trump. Carney’s Liberal party was on track to win the largest number of seats and the right to form a government. But it was still unclear whether it would be able to secure a parliamentary majority as counting continued. The Liberals capitalised on a patriotic surge in the face…
The front page of the Financial Times this morning, 28 April 2025. Catch up on the back pages here.
The main stories on the front page of The Economist: Catch up on all the business newspapers here.
Monday 28 April 2025 – The front page stories today: Alvarez & Marsal plans $18 billion float FCA plans fast-track for raising cash BP urged to slim down and cut jobs Mo Farah launches fitness app High-profile banker leaves UK for Milan London homebuilding hits 16-year low WPP rebel launches rival agency
The front page of the business newspaper The Financial Times this morning, April 16 2025, reports on the fallout from the US tariffs. The lead story reports that Wall Street banks reap $37 billion after traders ‘cash in’ on the volatility caused by the tariff chaos. Wall Street banks reap $37bn after traders cash in on Trump volatility Wall Street’s biggest banks reaped almost $37bn in trading revenues in the first quarter of the year…
Trump tech tariff twists This weekend, investors got a rare gift from the Trump administration, under the form of a tech tariff reprieve. Or so they thought. True to Trump-era form, the relief came wrapped in mixed messages and policy pivots, causing enough confusion to keep Wall Street analysts scratching heads.
Risky corporate borrowers shut out of bond market since Trump’s tariff blitz America’s risky corporate borrowers have been shut out of the bond market since Donald Trump’s tariff blitz, in a freeze that is reverberating across Wall Street and which threatens a tentative rebound in dealmaking. Lowly-rated companies have failed to sell any debt in the $1.4tn US high-yield bond market since Trump unleashed market turmoil and raised fears of a US recession with the…
Jamie Dimon, the head of JPMorgan Chase – one of the world’s biggest banks – says the United States’ economy is facing “considerable turbulence”.
Despite opening well this Friday morning, the three main stock indexes in Europe are now down after China announced that it will retaliate further to US tariffs – after the Trump administration confirmed the tariff on China is now 145%.
