Hedge fund Elliott turns up heat on BP with demand for deep spending cuts
US activist discloses 5% stake and warns pivot back to oil and gas does not go far enough
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New York pension funds to put asset managers on notice over climate plans
Comptroller to demand credible transition plans aligned with city’s goal to reach net zero by 2040
British Steel halts plan to axe 2,700 jobs
Previous management team had begun consultation on roles after Chinese owner turned down taxpayer funds
European Central Bank’s Lagarde says she hopes Trump doesn’t fire Fed’s Powell
The ECB last week cut interest rates by a further 25 basis points and warned of a ‘deteriorated’ growth outlook linked to tariff tensions.
Global growth forecast slashed by IMF over tariff impact
The US suffers the biggest downgrade to growth among advanced economies, in the influential International Monetary Fund’s latest forecast.
IMF warns Trump tariffs are putting global financial system under strain
World body says ‘sharp repricing of risks’ possible amid growing concern over role of ‘nonbank’ lenders
- IMF warns of ‘major negative shock’ from Trump’s tariffs
- Labour must focus on risk to financial stability, not only trade
- Business live – latest updates
The global financial system is coming under increasing strain as Donald Trump’s trade war rocks markets, the International Monetary Fund has warned.
“Global financial stability risks have increased significantly,” the IMF said in its regular snapshot of the system, urging regulators to be on the alert for potential crises.