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.
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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.
M&S says ‘cyber incident’ hitting click and collect orders
The retailer’s chief executive apologised to customers in a notice on Tuesday.
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.