M&S says ‘cyber incident’ hitting click and collect orders
The retailer’s chief executive apologised to customers in a notice on Tuesday.
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IMF slashes global growth forecast to 2.8% this year due to Trump trade war – business live
Growth forecasts for most advanced countries have been cut, as IMF warns that trade tensions will hurt economic activity
With a week to go, April is turning into the worst month for the US stock market since the Great Depression.
The Wall Street Journal is reporting that the Dow Jones Industrial Average is headed for its worst April performance since 1932, according to Dow Jones Market Data.
Spain unveils €10bn plan to reach long-delayed Nato defence spending target
Spanish PM says ‘industrial and technological plan’ will ensure country commits to spending 2% of GDP on defence
Spain has announced a €10.5bn investment plan to ensure it will reach its long-delayed Nato commitment of spending 2% of its GDP on defence this year, saying it has become obvious “only Europe will know how to protect Europe” from now on.
The country – which lags well behind other western nations by dedicating about 1.3% of its GDP to defence spending – is one of the Nato members that has been pressured by the Trump administration to increase its spending, and had previously committed to hitting the 2% threshold by 2029.
IMF warns of ‘major negative shock’ from Trump’s tariffs
Lender cuts forecasts for every major economy, with UK expected to grow by 1.1% this year, down from 1.6%
Donald Trump’s tariffs have unleashed a “major negative shock” into the world economy, the International Monetary Fund has said, as it cut its forecasts for US, UK and global growth.
In a stark assessment of the impact of the US president’s policies, as global finance ministers prepare to meet in Washington, the IMF said: “We expect that the sharp increase on 2 April in both tariffs and uncertainty will lead to a significant slowdown in global growth in the near term.”
IMF slashes 2025 U.S. growth forecast to 1.8% from 2.7%, citing trade tensions
The Washington-based IMF, in its World Economic Report, cited intensifying downside risks as it lowered its growth projections.
Dollar rout forces UK currency risk specialist to suspend shares
UK-listed Argentex warns that falling greenback has resulted in margin calls hitting its liquidity