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Debt-riddled retail giant’s demise has cast uncertainty over the future of US luxury fashionBeleaguered high-end department store conglomerate Saks Global filed for bankruptcy protection on Tuesday, a month after missing the deadline on a $100m interes…
In speech, president delivers triumph assessment, claiming US prices are down despite official data showing otherwiseDonald Trump claimed victory on the economy after 12 months back in office on Tuesday, declaring it to be the “greatest first year in h…
Global growth ‘downshifted’ since Covid pandemic and sub-Saharan Africa particularly affected, report saysBusiness live – latest updatesA quarter of countries in the developing world are poorer than they were in 2019 before the Covid pandemic, the Worl…
Consumer price index rose 2.7% in year to December, in line with November, as president feuds with Fed over rate cutsUS politics live – latest updatesUS inflation held firm last month as Donald Trump faces mounting pressure over the cost of living for …
Nine governors including Bank of England’s Andrew Bailey and ECB’s Christine Lagarde say independence is criticalBusiness live – latest updatesGlobal central banks have issued an extraordinary joint statement offering “full solidarity” to the US Federa…
Sales of clothes and computers fall, but discount supermarkets Aldi and Lidl enjoy bumper tradingRetailers suffered a “drab Christmas”, ending the year with disappointing sales in their most important month, according to new data underlining the diffic…
Picture is as murky as a barrel of oil, with US companies in 2026 expecting their first production drop in four yearsUS shale-oil producers were already contending with oil prices at four-year lows. News that they may soon face a significant competitor…
Rising costs and economic uncertainty take toll, in contrast to Keir Starmer saying Britain will start to feel richerUK business confidence weakened sharply at the end of 2025 and hiring fell amid rising costs and uncertainty about the economic outlook…
Blocking immigration will not make Trump’s America great again – for the US to shine, he must let it get brownerHere’s one reason Donald Trump seems perennially in a bad mood: he has probably figured out that the America he fantasizes about is out of h…
White House is meanwhile facing questions about an apparent embargo breach over Trump’s social media postHiring held firm in the US last month, official data showed, amid uncertainty over the strength and direction of the world’s largest economy.Employ…