Financial news

• Trump’s chaos-inducing global tariffs, explained in charts

  03-04-2025 21:56 via theguardian.com
  
  The US president’s announcement has caused market chaos and threatens a trade war and US recessionDonald Trump’s announcement of a long slate of new tariffs on the US’s trading partners has caused chaos in global markets and threatens a global trade war and US recession.Long trailed on his election campaign, Trump’s plans were even more sweeping than many had predicted: a baseline 10% tariff on all imports and higher tariffs for key trading partners, including China and t
  
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• Henman Hill to get shelter under fresh Wimbledon expansion plans

  03-04-2025 20:10 via theguardian.com
  
  Multimillion-pound project will also boost capacity by 20% and improve wheelchair accessibilityDifferent generations of tennis fans may disagree on its name – to traditionalists it will always be Henman Hill, millennials probably plump for Murray Mound and gen Z may know it as Raducanu Rise or even, regrettably, Jack’s Stack – but all ages can agree that bringing a little shelter to Wimbledon’s most famous viewing area can only be a good thing.Wimbledon’s Hill &ndas
  
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• Meta faces £1.8bn lawsuit over claims it inflamed violence in Ethiopia

  03-04-2025 20:01 via theguardian.com
  
  Son of murdered academic calls on Facebook owner to ‘radically change how it moderates dangerous content’Meta faces a $2.4bn (£1.8bn) lawsuit accusing the Facebook owner of inflaming violence in Ethiopia after the Kenyan high court said a legal case against the US tech group could go ahead.The case brought by two Ethiopian nationals calls on Facebook to alter its algorithm to stop promoting hateful material and incitement to violence, as well as hiring more content moderators i
  
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• What will Trump do when his tariffs backfire? | Nils Pratley

  03-04-2025 19:01 via theguardian.com
  
  The US president’s tariffs are almost certain to have dire consequences and he is not impervious to market decline or public opinionSo much for the idea that “liberation day” would free financial markets from their fear of the unknown. Publication of precise tariff rates, went a cheerful line of advance thinking, would at least allow investors to assess the probable trade effects on the basis of hard information. True optimists clung to the idea that Donald Trump would not wish
  
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• UK households handed new DWP Cost of Living payments

  03-04-2025 18:29 via express.co.uk
  
  Households have received a new date for when they can expect to start receiving £200 cost of living payments.
  
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• Trump explodes the world economy: what should the UK do? – Politics Weekly UK

  03-04-2025 18:12 via theguardian.com
  
  After weeks of cosying up to Donald Trump, the UK has still been hit with 10% tariffs on exports to the US, which is bad news for the economy and the public finances. So, how tough could things get for Britain? And how should Keir Starmer’s government respond? John Harris asks the former UK ambassador to the US Kim Darroch and the Guardian columnist Polly Toynbee.Send your questions and feedback to [email protected] Continue reading...
  
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• Will Trump’s tariffs ignite a global trade war? Today in Focus Extra – podcast

  03-04-2025 17:59 via theguardian.com
  
  Donald Trump has introduced eye-watering tariffs on countries around the world. Will they ‘make America wealthy again’? Richard Partington reportsDonald Trump is on a mission to ‘make America wealthy again’. Speaking outside the White House, he said for too long the country had been ‘looted, pillaged, raped and plundered by nations near and far, both friend and foe alike’. Now that would come to an end, he said, as he slapped eye-watering tariffs on countries
  
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• Trump has just wiped trillions off pension values – do this to protect your retirement NOW

  03-04-2025 17:20 via express.co.uk
  
  Donald Trump's tariffs have wiped trillions off pension values in a day. The damage could last for years.
  
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• Tata redundancy scheme targeted older, non-Indian nationals in UK, tribunal hears

  03-04-2025 17:16 via theguardian.com
  
  Three claimants allege Mumbai-based consultancy firm discriminated against them during restructuringA UK division of the Indian conglomerate Tata “deliberately orchestrated” a redundancy programme in a way that unfairly targeted older, non-Indian nationals, an employment tribunal has heard.Three claimants allege the Mumbai-based Tata Consultancy Services (TCS), which is valued at almost £110bn on the BSE stock exchange in Mumbai, discriminated against them on grounds of age and
  
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• What Trump’s tariffs could mean for UK consumers

  03-04-2025 17:03 via theguardian.com
  
  A global trade war could affect everything from prices to pensions, and inflation to interest ratesDonald Trump’s announcement that the US will put tariffs on goods from around the world, including a 10% charge on UK imports, has signalled the start of a global trade war.Although the UK faces a lower tariff than many other countries, for UK consumers there could still be some fallout. How it all plays out remains unclear. Continue reading...
  
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• The best walking pads and under-desk treadmills, tried and tested to turn your workday into a workout

  03-04-2025 17:03 via theguardian.com
  
  Sedentary lifestyles are bad for us, but which under-desk treadmills and walking pads are worth the cost? Our expert stepped up to find out• The best treadmills for your homeVarious guidelines suggest we all try to walk at least 10,000 steps a day to improve our overall health and wellbeing. Public Health England encourages a slightly more manageable target of just 10 minutes of brisk walking daily to introduce more moderate-intensity physical activity and reduce your risk of early death by
  
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• People born in 1970 urged to avoid new tax charge this year

  03-04-2025 17:03 via express.co.uk
  
  Experts are telling people wanting to access their pension this year that frozen tax thresholds may result in an unwanted bill from HMRC.
  
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• Best savings accounts and Cash ISAs for April paying up to 7.5% interest

  03-04-2025 16:56 via express.co.uk
  
  Here are the top easy access and fixed rate savings accounts and Cash ISAs this week.
  
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• From hormone-treated beef to tech taxes: what’s at stake in UK-US trade talks?

  03-04-2025 16:45 via theguardian.com
  
  Ministers are considering how to secure an agreement that might exempt Britain from Trump’s tariffsUK ministers are redoubling their efforts to agree a trade deal with Donald Trump after he announced sweeping 10% tariffs on British exports to the US.Downing Street has said talks were at an “advanced stage” and officials have indicated that the broad outlines of a deal have been agreed. Continue reading...
  
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• Percy Pig’s US adventure may be short-lived as M&S responds to Trump tariffs

  03-04-2025 16:07 via theguardian.com
  
  Retailer’s ‘gift to America’ could be hit by new taxes as it also adjusts to rules on advertising high fat, sugar and salt foodsPercy Pig’s US invasion could be called to a halt amid fears that Donald Trump’s tariffs could affect sales of Marks & Spencer’s popular confectionery brand which has just launched in Target stores across the Atlantic.Archie Norman, the chair of M&S, has described Percy as the retailer’s “gift to America” but
  
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• Stobix Launches Privacy-First Crypto Platform With High-Yield Investments and Lightning-Fast Futures Trading

  03-04-2025 16:02 via globenewswire.com
  Take control with lightning-fast futures trading up to 100x leverage — designed for clarity, speed, and smarter risk managementTortola, British Virgin Islands, April03, 2025(GLOBE NEWSWIRE) -- Stobix, a next-generation crypto trading platform, today announces the official launch of its all-in-one solution designed for users seeking greater privacy, flexibility, and performance in digital asset trading. The platform blends a seamless onboarding experience with high-yield investment products
  
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• HMRC says check your payslip now and ‘don’t get caught out’

  03-04-2025 15:46 via express.co.uk
  
  HMRC is urging people to check their payslips and avoid being caught out.
  
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• Trump’s ‘idiotic’ and flawed tariff calculations stun economists

  03-04-2025 15:38 via theguardian.com
  
  ‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarrayUS politics live – latest updatesWaving a big chart as a prop in the White House Rose Garden, Donald Trump suggested his new tariff plan was simple: “Reciprocal – that means they do it to us, and we do it to them. Very simple. Can’t get simpler than that.”Perhaps a bit too simple. The method used to calculate the most important numbers in international trade,
  
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• Two-day last-chance HMRC state pension alert as 120,000 cash in

  03-04-2025 15:18 via express.co.uk
  
  The time to act is now as the April 5 deadline for making national insurance top-ups looms
  
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• Co-op to open at least 120 more grocery shops after profits rise five-fold

  03-04-2025 15:18 via theguardian.com
  
  Mutual reports increase from £28m to £161m, but says ministers ‘layering costs’ on retailers could hit high streetsThe Co-operative Group plans to open at least a further 120 grocery shops this year after profits rose more than fivefold, but told the government that “layering costs” on retailers could hit high streets and communities.The mutual, which owns more than 800 funeral parlours and an insurance and legal advisory business as well as operating more tha
  
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• Vessels had no ‘dedicated lookouts’ at time of North Sea collision, report finds

  03-04-2025 15:11 via theguardian.com
  
  UK government body’s interim report says visibility before Solong struck Stena Immaculate was reported as ‘patchy’An oil tanker and cargo ship that collided in the North Sea had no “dedicated lookouts” at the time of the incident, which took place in“patchy” visibility, investigators have said.A US-chartered oil tanker, the Stena Immaculate, was anchored about 12 miles (19km) off the coast of Yorkshire when it was struck by a container ship, the Solong,
  
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• Luton airport allowed to double capacity after UK government overrules planners

  03-04-2025 15:09 via theguardian.com
  
  Transport secretary Heidi Alexander grants consent to London’s fourth-biggest airport to allow potential 32m passengers a yearLuton airport will be allowed to almost double in capacity after the government overruled planning inspectors who recommended blocking the scheme on environmental grounds.The transport secretary, Heidi Alexander, granted a development consent order for the airport’s plans to expand its perimeter and add a new terminal, allowing for a potential 32 million passe
  
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• Trapped with a Tesla: my dream car has become a living nightmare | The secret Tesla driver

  03-04-2025 15:00 via theguardian.com
  
  I bought it to be part of a greener future, but that was before Musk proved so awful. I’d sell it now, but prices have droppedAfter our children left home, my wife and I decided to treat ourselves and buy a new car for a driving holiday in Europe. We’d been driving a family estate car for years, loading it up with kids and making trips to and from universities, but we wanted something for ourselves.As a surprise, she booked a test drive for the Tesla Model S for my birthday. It was u
  
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• Plan for Norfolk megafarm rejected by councillors over environmental concerns

  03-04-2025 15:00 via theguardian.com
  
  Application, submitted by Cranswick, would have created one of the largest industrial poultry and pig units in EuropeA megafarm that would have reared almost 900,000 chickens and pigs at any one time has been blocked by councillors in Norfolk over climate change and environmental concerns.Councillors on King’s Lynn and West Norfolk borough council unanimously rejected an application to build what would have been one of the largest industrial poultry and pig units in Europe. Continue readin
  
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• Workers urged to give up extra payment to boost pension before April 6

  03-04-2025 14:25 via express.co.uk
  
  There's just days left to boost your pension savings before the new tax year starts.
  
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• British Gas offers more savings to customers with new half-price electricity deal

  03-04-2025 13:53 via express.co.uk
  
  Customers participating in the offer from the energy company will see the discount applied as a credit on their bills.
  
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• Zonal electricity pricing plan could add £3bn a year to GB bills, report finds

  03-04-2025 13:01 via theguardian.com
  
  Research finds proposal may also drive up cost of building new windfarms as developers need higher subsidies to offset costPlans to overhaul England, Wales and Scotland’s electricity market risk piling an extra £3bn on to household energy bills every year until the 2040s, according to the government’s own clean power adviser.New research has found that moving ahead with a plan to divide the national electricity market into different pricing zones could drive up the cost of buil
  
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