Traders made $100mn from buying Melania Trump memecoin before launch
Small group of digital wallets bought up coins in the minutes before it was announced, FT analysis shows
Economic news
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European and UK companies lay bare the pain from Trump’s trade war
Executives warn about the challenges facing businesses and the destabilising effect of prolonged uncertainty
Barbie maker warns of price hikes as tariffs increase costs
Mattel joins growing list of big businesses warning about the impact of Trump’s import taxes.
OpenAI says non-profit will remain in control after backlash
The move follows a bitter power struggle over the business.
UK consumer confidence at lowest level since December 2022, says Which?
Almost two-thirds of people believe economy will get worse in next 12 months amid tariffs uncertainty and Ukraine war
Consumer confidence in the UK economy has fallen to the lowest levels since the height of the cost of living crisis, as people worry about the impact of US tariffs and Russia’s war in Ukraine.
Almost two-thirds of people believe the economy will get worse in the next 12 months, while only 11% think it will improve, according to a survey from the consumer group Which?.
US oil output has peaked amid price fall, top shale producer warns
Crude fell to four-year lows on Monday on Opec supply increases and fear that tariffs will hurt demand