Global economic growth will slow amid Trump tariffs, IMF warns – as it happened Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a year
Sainsbury’s expects supermarket price war and rising costs to hit profits Group joins UK retailers’ £1bn profits club but warns of flat year ahead despite cost-cutting plans
Temu and Shein warn of US price hikes from next week due to Trump tariffs Shein says ‘operating expenses have gone up’ as both Chinese retailers also drop ad spending in US
Tariffs more likely to bring UK price cuts than inflation, says WH Smith boss Carl Cowling says there is ‘no logic’ in why there would be inflation as east Asian suppliers seek alternatives to the US
‘Welcome green shoots’: warm March weather gives 1.1% lift to UK retail sales Spring sunshine boosted spending on gardening, DIY and food products, but households are still ‘prudently budgeting’ as bills rise
‘Ghost stores’: the online retailers promoting closing-down sales for physical shops that don’t exist Australia’s consumer watchdog says it is investigating complaints of social media ads purporting to be from local boutiques
‘Christmas without the stress’: British shoppers embrace Eastermas Trees, decorations and gifts such as sheep jumpers and bunny-shaped trinkets are a distraction from the gloom
‘Amazon slayer’: the Dublin minnow taking on the giants in drone deliveries The Guardian speaks to Manna Aero founder and orders coffee via startup’s app to be delivered to a suburban home
Retailers fear Trump tariffs gloom will worsen footfall on UK high streets Shoppers stayed away in March as footfall declined 5% and stores worry US trade war could have chilling effect
Tesco to cut further £500m in costs to help offset Reeves’s tax rises Supermarket deepens existing measures and forecasts lower profit for year amid price war with rivals
Big brands v retailers: who will absorb the tariff impact in their profit margins? It may take at least six months for retailers like JD Sports to know the real-world effects of Trump’s trade warfare
Lord Kalms obituary Businessman who loved selling and built up his multimillion-pound retail empire from a single shop in Hendon, north London
Reeves rejects calls for ‘buy British’ campaign in response to US tariffs Chancellor says asking shoppers to prioritise UK products would make country too ‘inward-looking’
‘WH Smith wasn’t just a workplace’: ex-staff and shoppers on the high street chain With the brand to disappear from town and city streets, readers share their memories of how it touched their lives
Sir Philip Green loses legal case against UK over use of parliamentary privilege Tycoon was named in Lords as having obtained injunction against Telegraph to stop publication of misconduct allegations