Klarna pauses plans for $15bn New York IPO in wake of Trump tariffs
Klarna has paused plans to launch a long-awaited $15bn New York IPO because of market turbulence in the US in the wake of ...
Budget for UK’s ‘Great’ tourism campaign cut by 41%
The budget for a UK government tourism campaign has been cut by 41 per cent, putting advertising in the country’s “most ...
Bond investors bet that tariffs will inflict deep damage
In a note entitled “There will be blood” on Friday, JPMorgan raised its estimate of the risk of recession in the global ...
US economy far surpasses expectations to add 228,000 jobs in March
The US economy added 228,000 jobs in March, surpassing expectations, in a sign of resilience despite the Trump administration ...
Freshfields only large firm to sign on in support of legal fight with Donald Trump
Freshfields US was the only top 20 law firm to sign on to a legal brief supporting the efforts of Perkins Coie to contest an executive order from Donald Trump banning it from federal government ...
Microsoft unveils AI assistant with ‘memory’
Mustafa Suleyman, the company’s consumer AI chief and former co-founder of Google’s DeepMind unit, previewed several features, such as its digital assistant being able to independently book tickets, ...
Trump tariffs live: Federal Reserve’s Powell warns levies will boost inflation and slow growth
Prime Minister Shigeru Ishiba described the imposition of across-the-board US tariffs as a “national crisis” as bond yields logged one of their biggest weekly drops in three decades and Tokyo stocks ...
Trump extends deadline for TikTok deal
President Donald Trump has signed an executive order that extends the deadline for ByteDance, the Chinese owner of TikTok, to divest the hugely popular video-sharing app and avoid a nationwide ban in ...
Opinion
Trump’s destruction of global alliances
Donald Trump prides himself on his unpredictability and transactional approach to life. These are tactics that might work well in the real estate business or a debt restructuring. But when it comes to ...
Hedge funds hit with steepest margin calls since 2020 Covid crisis
Hedge funds have been hit with the biggest margin calls since Covid shut down huge parts of the global economy in 2020, after Donald Trump’s tariffs triggered a powerful rout in global financial ...
BP chair Helge Lund to step down
BP chair Helge Lund will step down in an “inevitable” move after a bruising tenure in which the oil major tried to pivot away ...
Opinion
Is Trump going into nosedive?
I live inside the beltway of wishful thinking, Washington DC. Swampians will thus forgive the question in my headline. The US Capitol’s patron saint ought to be Dr Pangloss. To be fair, however, the ...