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The Latest Breaking News from Economy

How the struggles of the UK hospitality sector could hit the rest of the economy

Across the UK, Mother’s Day represented a vital revenue opportunity for the hospitality sector. Bars, restaurants, cafés and pubs would have anticipated a boost courtesy of family groups – and some spring-like weather. Sadly though, due to some harsh financial realities including higher tax and wage bills coming into force…

The Conversation

Mark Cuban warns Trump's global tariffs could lead the U.S. to 'a far worse situation than 2008'

Mark Cuban is warning that tariffs and DOGE cuts could result in long-term pain for the U.S. economy.

Fortune

Trump shares Truth Social video claiming he's 'purposefully crashing the market'

President Trump then told media aboard Air Force One: “I don't want anything to go down, but sometimes you have to take medicine to fix something.”

Fortune

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read the most diverse news in one place.

Oil prices plummet as fears of global recession rise

OIL prices have dropped further as Donald Trump signalled he would push ahead with sweeping global tariffs, saying “you have to take medicine”…

The National (Scotland)

'This Is Not What We Voted For': Bill Ackman Urges 90-Day Tariff Pause To Prevent Economic Crisis

Billionaire hedge fund investor Bill Ackman suggested that Trump consider a temporary break from the tariff strategy—a "90-day timeout"—to negotiate better trade deals to solve the "asymmetric tariff deals and induce trillions of dollars of new investment in our country."

International Business Times

Stock Index Futures Tumble as Tariff Turmoil Deepens, U.S. Inflation Data and Big Bank Earnings Awaited

June S&P 500 E-Mini futures (ESM25) are down -3.29%, and June Nasdaq 100 E-Mini futures (NQM25) are down -3.81% this morning as worries over the economic fallout of U.S. President Donald Trump’s sweeping tariffs continue to weigh on sentiment.

Barchart

India paying price for Trump’s global disaster guided by fake expert

You know how conspiracy theorists believe there’s a secret cabal controlling the world economy? Turns out they may be kind of right – only the conspiracy’s stupider than they ever imagined.

Newslaundry

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Roller coaster US stock markets fall heavily again amid Trump tariff chaos

Latest gyrations on Walls Street come after more than £80 billion wiped off London’s FTSE-100

Evening Standard

Retaliation or restraint: how should Keir Starmer react to US tariffs?

Tit-for-tat levies on American goods may appeal to voters but would risk adding to UK’s economic headwinds

The Guardian - UK

Don't be spooked by sliding super, funds warn members

Australians are being urged not to panic about their retirement incomes after Donald Trump's trade war sent global markets into a tailspin.

AAP

Government will step in to support key industries amid tariff turmoil, says Starmer

Carmakers will be given more flexibility over targets on transitioning to electric vehicles

The Guardian - UK

Over 50 countries seek US trade talks after tariffs: Trump officials

The tariffs have been widely criticised around the world for threatening to push the global economy into a recession.

Al Jazeera

Ukraine will send a team to the US next week for talks on a new draft mineral deal

Ukraine's economy minister has told The Associated Press it will send a delegation to Washington next week for talks on a new draft of a proposed mineral deal with the U.S. The negotiations mark a renewed push to finalize an agreement that could establish a joint investment fund

The Independent UK

Argentina’s Javier Milei is playing the democratic game, but using authoritarian tactics

Argentinian president Javier Milei promised radical changes before he came to power. Now, after just over a year in office, there are many signs that point to a relative improvement in the Argentinian economy.

The Conversation

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International Business Times

Vietnam Seeks US Tariff Delay As Economic Growth Slows In First Quarter

Vietnam has asked for a last-minute delay to colossal tariffs imposed by Washington as government figures showed on Sunday that its economy grew at a slightly slower pace in the first quarter.

The Independent UK

Trump's tariffs hit a sour note in landmark NYC emporium of sweets

The biggest-ticket implications of President Donald Trump's tariff blitz understandably gain the most attention

Evening Standard

Keir Starmer to give more details on economic support in wake of US tariffs

The Prime Minister said that when it comes to the global economy and trade ‘the world as we know it has gone’.

International Business Times

Vietnam Economic Growth Slows In First Quarter As US Tariffs Loom

Vietnam's economy grew at a slightly slower pace in the first quarter, government figures showed Sunday, as the Southeast Asian country braces for the impact of colossal tariffs imposed by Washington.

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The National (Scotland)

Scotland's food and drink hit hard by US tariffs – but it’s not alone

Scotland's flagship food and drink industry has suffered a “major blow” as a result of US tariffs but other sectors of the Scottish economy…

Fortune

Trump tariffs could help clear the way for bigger tax cuts as Congress eyes a potential revenue windfall — and a shrinking economy

Economists at Citi Research said in a note on Thursday that the aggressive tariffs "may now become a justification for larger tax cuts."

The Guardian - UK

The fallout from Trump’s tariffs: is there a masterplan, are we heading for recession and what does it mean for UK?

The key questions answered after the US president shook up the global economy with what he called liberation day

The Independent UK

The Latest: Trump's tariffs unleash trade war and calls for negotiations

U.S. President Donald Trump’s big raise in tariffs has triggered an escalating trade war and sent global markets plummeting

The Guardian - US

Trump’s ‘liberation day’ could mean recession in the US and pain worldwide

The US president’s tariffs are vengeful and impetuous – and will have immense costs with no clear goal

Radio France Internationale

US lowers tariffs on two French overseas territories, as world economy trembles

As US President Donald Trump's widest-ranging tariffs to date took effect Saturday, the White House said it had lowered planned levies on two French overseas territories. Trump's move has already triggered retaliation and economists fear a major upset to the global economy.

Fortune

What is Trump really trying to achieve with his tariff plan, and will it work?

What is President Trump really trying to do with his tariff plan: Is it to protect American jobs, is it about leveling the playing field, or is it about taking the head out of the economy?

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