Trump tariffs open rift among top Republicans in Washington
On Wednesday, four Republican senators — McConnell, Rand Paul, Lisa Murkowski and Susan Collins — broke ranks to pass a ...
Trump’s tariffs ignite steepest Wall Street sell-off since 2020 Covid crisis
Wall Street stocks sustained heavy losses, with the S&P 500 and Nasdaq Composite plunging by 4.8 per cent and 6 per cent ...
Shares of Wall Street firms rocked by new US tariff regime
Financiers thought Trump would usher in a pro-business era but financial stocks have stumbled as tariff plans became clear ...
Davos forum founder Klaus Schwab to step down as chair of trustees
Klaus Schwab, the founder of the World Economic Forum, will “start the process” of stepping down as chair of its board of ...
Elliott Management steps up proxy campaign against refiner Phillips 66
In a draft letter to investors seen by the Financial Times, Elliott asks Phillip 66 investors to back its plan that is ...
The American consumer’s identity crisis
As Unhedged’s Rob Armstrong pointed out late last year, Americans are “ fundamentally people who buy things ”. This type of ...
A US tariff pathology is unleashed upon the world
The US will apparently charge tariffs on exports from Heard Island and the McDonald Islands, a volcanic archipelago near the ...
Bling, bags and booze fall victim to Trump’s trade war
Trump’s move to extend tariffs on aluminium to include all imported canned beer and empty cans bodes badly for Mexican beer.
Oil drops as Opec+ lifts output and tariffs spark global growth fears
Oil prices tumbled on Thursday as Opec+ unexpectedly announced plans to boost production just as sweeping US tariffs stoked ...
Lower growth, more Bank rate cuts: What do Trump’s tariffs mean for UK?
Andrew Goodwin, chief economist at the consultancy Oxford Economics, now expects the UK economy to grow at just below 1 per ...
Microsoft at 50: how adaptability under Nadella is paying off
When Bill Gates and Paul Allen founded the company they called Micro-Soft 50 years ago this week, it was to sell a version of ...
Sweeping tariffs threaten ‘Factory Asia’
But manufacturers and economists said new tariffs of between 32 and 49 per cent on many south-east Asian economies come as a much bigger shock, undermining the “China plus one” strategy of using them ...