Global breakthrough to tackle shipping emissions
Countries break ten-year deadlock to agree measures to reduce commercial shipping emissions.
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In the face of Trump’s mayhem, Europe is the direction to which the UK must turn – and Keir Starmer knows it | Tom Baldwin
The PM will not antagonise the unpredictable president, but it is clear to No 10 that Trump is the problem and the solution lies elsewhere
- Tom Baldwin is the author of Keir Starmer: The Biography
Keir Starmer was back at the Emirates Stadium on Tuesday to watch Arsenal’s 3-0 win over Real Madrid, a result that far exceeded expectations of his team’s chances in Europe. And, over the next few days, I wouldn’t be surprised if he tries to snatch a short Easter break in the warmth and sunshine of that same continent.
Football and family holidays offer him some much needed relief from the grim reality of a faltering economy, towering public debt and terrifying global insecurity, which are all being made worse on a daily – sometimes hourly – basis by Britain’s closest ally of the previous 80 years.
Chinese tea firm Chagee aims for $400mn New York IPO despite tariff war
Maker of ‘teaspressos’ and ‘teapuccinos’ could be second-biggest Chinese listing in US in more than three years
M&S says ‘cyber incident’ hitting click and collect orders
The retailer’s chief executive apologised to customers in a notice on Tuesday.
France avoids recession as economy returns to growth; China’s factory output drops – business live
Rolling coverage of the latest economic and financial news
Factory activity across China contracted at the fastest pace in 16 months in April, a factory survey shows today, highlighting the economic impact from US President Donald Trump’s trade war.
China’s official manufacturing purchasing managers’ index has dropped to 49, the weakest level since December 2023, down from 50.5 in March.
“The sharp drop in the PMIs likely overstates the impact of tariffs due to negative sentiment effects, but it still suggests that China’s economy is coming under pressure as external demand cools.”
“Although the government is stepping up fiscal support, this is unlikely to fully offset the drag, and we expect the economy to expand just 3.5% this year.”
Empty shelves, trucking layoffs lead to a summer recession in Apollo’s shocking trade fight timeline
U.S. consumers could start to notice trade-related shortages in their local stores next month, according to Apollo.