PM, it’s far better to stand firm rather than suck up to Trump

The lesson of his first term is that he does what he says he is going to do: the UK must prepare

‘Tariff man’ Trump puts Britain in firing line of new global trade war

Donald Trump’s US election campaign threat to impose 10% levies on US trading partners could hurt the UK economy

The collapse of Germany’s government will delight Trump – and his European friends

The German dream of centrist, stable government has been dashed by geopolitical forces and the cult of balanced budgets, says Paul Taylor of the European Policy Centre

Shares in UK retailers fall as sector counts cost of NICs tax rise – as it happened

Rolling coverage of the latest economic and financial news

China unveils 10tn yuan support for debt-stricken local government

Cash stops short of hoped-for ‘bazooka option’, with critics calling it ‘an accounting exercise’ that will not bolster growth

From higher tariffs to lower taxes, will Donald Trump’s economic plan pay off?

There is a strong chance of the president-elect’s radical strategy going wrong, with a high risk of rising prices, inflation and interest ratesBusiness live – latest updates

Climate breakdown will hit global growth by a third, say central banks

New modelling finds risk to global economies much worse than previously thought, but group of central banks says even this may be an underestimate

Yes, Trump is awful. But if there’s a silver lining, it’s a chance for progressives to reflect on what they got wrong

The president-elect benefited from working-class hostility to a remote elite. Liberals need to reargue their case, says Guardian columnist Simon Jenkins

Jerome Powell says Donald Trump can’t fire him, after Fed and BoE cut rates – as it happened

Presidents are “not permitted under the law” to fire Federal Reserve chair or demote governors, Powell insists

AI may displace 3m jobs but long-term losses ‘relatively modest’, says Tony Blair’s thinktank

Rise in unemployment in low hundreds of thousands as technology creates roles, Tony Blair Institute suggests

Fed chair says he will not resign even if pressured by Trump as interest rate cut

Trump has been a persistent critic of the Fed, which lowered rates for the second time in a row as inflation continues to ease

Ignore the doom-mongers: the good news on interest rates shows Labour is on the right track

Narratives matter in economics, and we must acknowledge the circumstances the government faces and give credit where due, says economist Mohamed A El-Erian

Does the Bank of England’s interest rate cut mean lower mortgages?

What the decision means for homeowners – and the implications for savings, loans and credit cards

Bank of England cuts interest rates by 0.25 points to 4.75%

Borrowing costs reduced for second time this year with Fed expected to cut US rates later on Thursday

More tariffs, less red tape: what Trump will mean for key global industries

Returning US president has promised protectionist trade measures, relaxed regulation and cheaper energy for consumers