European markets fall and euro soars amid Trump tariff delays

FTSE 100 drops and is on track for its worst week in a year, as Germany’s Dax index slides

Allowing foreign firms to sue governments for lost profits is legal terrorism – it must end

Investor–state dispute settlements don’t just mean growing debt burdens for countries: they are also a barrier to action on the climate crisis

ECB cuts rates again and warns trade war fears are hurting Europe’s economy

Quarter-point cut to deposit rate, to 2.5%, comes as Trump prepares to impose tariffs on EU exports to US

Britain is now following a developing country economic model – and we know where that leads

Selling off assets to foreign owners, deregulating markets, and liberalising financial services only leads to inequality and instability, says Dhananjayan Sriskandarajah, chief executive of the New Economics Foundation

Trump temporarily spares carmakers from US tariffs on Canada and Mexico

After a call with top executives at GM, Ford and Stellantis, president approves one-month exemption from tariffs

European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending

Berlin’s ‘big bazooka’ proposal sends industrial stocks surging but fiscal sea change also hikes borrowing costs

The Guardian view on Merz’s U-turn on debt: Germany responds to the signs of the times

Editorial: The chancellor-elect’s proposals for gamechanging spending on defence and infrastructure are the right response to a new era

Trump’s trade war could pose ‘substantial’ threat to UK economy, says Bank

Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economies

‘The relationship is broken’: Canadians respond to Trump’s tariffs

Many plan to boycott US goods and say they will not cross the border while Trump is in office

Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk

Tariffs are dampening consumer confidence and fears of a downturn seem to be weighing on the dollar

US consumers warned to brace for higher prices due to Trump’s tariffs

Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and Canada

Rachel Reeves vows to use defence spending to support UK’s ‘left behind’ industrial towns

Chancellor says increased military spending should support ‘British jobs and British industries’

US dollar hits three-month low as trade war sparks ‘Trumpcession’ fears, and FTSE 100 slides – as it happened

Canadian dollar and Mexican peso hit their lowest levels in a month, and UK’s FTSE 100 posts biggest one-day fall of the year

China and Canada retaliate after Trump trade tariffs come into effect

Markets tumble around world as US president’s levies against Canada, Mexico and China are implemented

UK ban on zero-hours contracts ‘to include agency workers’

Government to expand coverage of employment rights bill, according to report