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The GDP boost has raised the chancellor’s prospects for staying in post, whoever wins the Labour leadership battleBusiness live – latest updatesUK economy records surprise 0.3% growth despite Iran warThe message from Rachel Reeves is clear. After Brita…
Trump says China’s president also pledged ‘strongly’ not to send weapons to Iran, after two-hour meeting between the leadersTrump in Beijing – latest updatesFive key issues for Xi-Trump summitChina’s president, Xi Jinping, has warned of “clashes and ev…
US president expresses impatience at speed of EU’s implementation and warns of ‘much higher’ tariffsUS trade court rules against Trump’s 10% global tariffsBusiness live – latest updatesDonald Trump has walked back from his threat to tear up part of the…
US president says war will end if Tehran agrees to deal, but that ‘bombing starts’ again if it does notOil prices fell and stock markets rose as Donald Trump said the war with Iran would end and the strait of Hormuz would be “open to all” if Tehran str…
US president says tariff on vehicles imported from EU will rise to 25% and accuses bloc of non-complianceDonald Trump has said he is tearing up part of the tariff deal he struck with EU leaders at his golf course in Scotland last summer, criticising Br…
ECB keeps interest rates on hold as growth stumbles and price rises gather pace, up from 2.6% in March and 1.9% in FebruaryBusiness live – latest updatesAir France-KLM cuts forecasts amid $2.4bn fuel bill riseInflation across the eurozone soared to 3% …
Markets spooked as US president appears willing to keep up naval blockade and Iran keeps strait of Hormuz all but shutBusiness live – latest updatesThe global oil price has soared above $126 a barrel, its highest level since 2022, after Donald Trump sa…
China sold goods worth about $148bn to EU in first quarter of year, but imported just $65bnThe EU is experiencing a prolonged “China shock” as a flood of Chinese EVs into Europe helped push Beijing to a record surplus with the bloc.New data showed Chin…
President accuses Britain of trying to ‘make an easy buck’ from American tech firms, weeks after warning UK–US trade deal can be changedBusiness live – latest updatesDonald Trump has threatened to impose “a big tariff” on the UK if it does not drop its…
There are now 3,110 billionaires but analysis shows ‘deep structural acceleration’ in wealth creation around worldThe number of billionaires in the world could reach nearly 4,000 by 2031, figures suggest, as the super-rich accumulate wealth at an accel…