UK economy defies gloomy warnings to grow 0.7% in first quarter of year
GDP rise follows stronger levels of business investment as firms rushed to beat Donald Trump’s tariffs
London dominates England’s social mobility league with top 20 places
Sutton Trust’s ‘opportunity index’ measured six factors including children on free school meals passing GCSEs in maths and English
‘So many are devastated’: Trump’s federal firings and their ripple effect
From Beltway Virginia to Pittsburgh, it is not just sacked workers feeling the impact but whole local economies
China issues warning to UK over terms of US trade deal
UK accused of aligning with US in move that could compel firms to exclude Chinese products from supply chains
‘Greedflation’ fears rise as Bank official warns firms against price hikes
Bank of England’s Catherine Mann wary of ‘pricing power’, with companies looking to rebuild profit margins by hiking prices
US monthly inflation rate slows amid Trump tariffs
Bureau of Labor Statistics figures show April inflation rate of 2.3% as Americans report economic anxiety under Trump
US to slash tariff on small China parcels from 120% to 54%
Cut in low-value ‘de minimis’ tariff marks further de-escalation of trade war and will benefit Shein and Temu
Reeves’s tax rises on employers start to bite as unemployment jumps
Effects of chancellor’s measures evident as companies reduce hiring and push down on wage growth
UK unemployment rises to highest in nearly four years
ONS figures also reveal slide in job vacancies amid rise in employer national insurance contributions
Wall Street surges after US and China agree to slash tariffs in 90-day pause – as it happened
Donald Trump has “blinked”, says analyst, at Washington and Beijing cut reciprocal tariffs by 115 percentage points, for 90 days at least
Trump claims ‘total reset’ of US-China ties as 90-day pause to trade war agreed
Markets rally after Washington and Beijing agree to drastically cut reciprocal tariffs as US treasury secretary says ‘neither side wants a decoupling’
Trump might claim China tariff victory – but this is Capitulation Day
The president’s retreat suggests he might negotiate elsewhere, but leaves corrosive uncertainty in its wake
Americans putting life on hold amid economic anxiety under Trump, poll shows
Harris poll for Guardian finds people reconsidering major life events such as having children or buying a home
Staff layoffs in UK gain pace amid Trump tariff turmoil and labour cost increases
Surveys show employer confidence at record low, prompting job cuts and hiring freeze
Trump will destroy world trade, but democracies can defend themselves – and each other
We need a trade block, a D7, that would mirror Nato. An economic attack on one would be an attack on all, says former Nato secretary general Anders Fogh Rasmussen