Bank of England likely to cut interest rates today as new Trump tariffs kick in – business live
Rolling coverage of the latest economic and financial news
Bank of England poised to cut interest rates on Thursday
Quarter-point reduction expected, with City investors predicting a three-way split among rate setters
Dozens more countries face higher taxes on exports to US as new Trump tariffs come into effect
Donald Trump’s latest wave of ‘reciprocal’ levies were in place as of a minute past midnight on Thursday
The full list of Trump’s new tariffs – from India to Taiwan
The US president’s ‘reciprocal’ tariffs on dozens of countries came into effect at a minute past midnight Washington time on Thursday
United Airlines says issue that forced grounding of hundreds of US flights resolved
Ground stops were issued nationwide including at hubs in Chicago, Denver, Houston, Newark and San Francisco
Trump plans 100% tariffs on chips but spares companies ‘building in US’
President’s plan expected to increase cost of electronics and household goods but US-produced chips to be exempt
The Guardian view on the London Stock Exchange: its struggles are symptoms of a broken growth model
Editorial: The chancellor and the CBI have plans for reviving the institution. Neither will tackle Britain’s pitifully low levels of business investment
Starmer declines to rule out election pledge-breaking tax rises in budget after claim Treasury must fill £40bn deficit – as it happened
Prime minister defends government’s handling of economy but will not give assurances over not raising income tax, employee NI or VAT
Shares in European drug companies hit four-month low as Trump tariffs loom
President repeats threat to bring in levies ‘within next week or so’ in attempt to get companies to move production to US
OpenAI in talks on share sale that would price it above Elon Musk’s SpaceX
If the transaction goes ahead the value of the ChatGPT developer would rise by about two-thirds to $500bn
HMRC files winding-up petition against Sanjeev Gupta’s Liberty Steel pipes business
Hartlepool company says it has settled all payments but court filing is sign of pressure on tycoon’s empire
UK construction activity shrinks by most in five years; Trump imposes extra 25% tariff on India – as it happened
Britain’s building sector records biggest drop in activity since early in Covid-19 pandemic
Trump threatens 50% tariffs on India over ties to Russia and Brics bloc
White House move follows India’s oil purchases from Russia and comes amid broader Trump push for trade ‘reciprocity’
Donald Trump’s war on statistics is an authoritarian attack on democracy and countries like Australia should call it out
Reality might be hanging on to the political debate for dear life, but this move threatens to fling it off the cliff
Qantas has devalued its frequent flyer points. What should you do now?
Experts estimate a 20% average increase in the number of points needed to book flights. Here are their tips to get good value