Global Payments to buy Worldpay in $24bn deal
Three-way transaction will hand fintech group FIS control of Worldpay’s issuer solutions arm
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EU to set 2027 deadline for severing energy contracts with Russia
Plan to be announced by European Commission aimed at forcing member states to end imports of Russian gas
Trump’s tariffs are ‘teeing up a nationwide recession’, says Chuck Schumer – US politics live
House democratic leaders also condemn tariffs as group backed by Trump allies mount legal challenge to stop tariffs
EU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.
It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato.
Big investors borrow against private equity holdings amid cash crunch
Pensions and endowments turn to ‘net asset value’ loans to fund cash payouts as deal markets seize up
Peter Navarro: the economist who has outsmarted Elon Musk and has the ear of Donald Trump
US president’s chief trade adviser is intellectual driving force behind global tariffs and trade war with China
Elon Musk called him “dumber than a sack of bricks” but, in the raw contest for political power, Peter Navarro has outsmarted the billionaire.
The tumult in global trade shows that for now it is the 75-year-old economist, not Musk, who has Donald Trump’s ear in the Oval Office.
Mohsin Issa to step down as chief executive at UK petrol station chain
Private equity-backed EG Group continues to explore potential New York listing