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What Hong Kong SMEs must do to survive the Trump effect

To chart new paths in uncertain environments, SMEs need to go beyond knowing their business and customers, and see things with fresh eyes.

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Milkshakes and lattes could be covered by sugar tax

The tax would be applied to manufacturers of milk-based drinks and dairy-based substitutes, under the plans.

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US, China seen reducing tariffs this year, but much damage already done, analysts say

Unless tariff-related uncertainty is resolved quickly, a ‘sharp, synchronous slowdown’ is possible, Morgan Stanley warns.

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Shenzhen lags China in GDP, exports as tech hub preps for tariff wave

The southern metropolis failed to beat the national average, even as exporters locked in early orders to get ahead of US tariffs.

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Second-hand school uniform scheme 'flat out'

A community shop says, on average, 20 families use its free school uniform service every day.

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More people worrying at benefit changes say centre

A support centre says people are coming in "petrified" about planned benefit changes.

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Prince Andrew's firm linked to controversial PPE millionaire

Documents show Doug Barrowman-linked company owned the prince's start-up competition for two years.

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General Motors is set to report earnings before the bell. Here's what Wall Street expects

Wall Street analysts expect adjusted earnings per share of $2.74 and revenue of $43.05 billion.

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Canada Election: It’ll Be Carney or Poilievre Against Trump’s Tariffs

The two leading candidates, Pierre Poilievre and Mark Carney, both plan to fight the U.S., its largest trading partner, over tariffs. But who would be more successful as relations grow icy?

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Trump set to ease tariff impact on US car makers

The president is due to hold a rally in Michigan, which is home to Ford, General Motors and Stellantis.

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Australian PM dismisses warning over AAA credit rating

High public spending puts the country's rating at risk if savings are not found, analysts have said.

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Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs

The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.

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Walmart has told some Chinese suppliers to resume shipments: sources

The American retail giant will reportedly also bear the cost of any new tariffs, after the escalating US-China trade war slowed deliveries to a trickle.

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Amazon Launches First 27 Project Kuiper Internet Satellites

The spacecraft are the online giant’s entry into beaming wireless service from space, but the company has much to do before it can compete with SpaceX’s Starlink.

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How China is turning Trump’s tariffs into an opportunity

Beijing’s drive to boost domestic demand will help it weather trade tensions as well as improve ties with major trading partners.

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House Passes Bill to Ban Sharing of Revenge Porn, Sending It to Trump

The Take It Down Act, which united a coalition of conservative and liberal lawmakers, criminalizes the nonconsensual sharing of sexually explicit images of others and requires companies to remove them.

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What is bug hunting and why is it changing?

Bug hunters make money by funding flaws in software, but AI is changing the way they work.

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Graduates turned down by supermarkets as vacancies drop

Young people say it is harder than ever to get a job after uni with some being turned down by supermarkets.

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Why the Economic Disruption From Trump’s Tariff War Will Be Hard to Reverse

The president’s turnover of the economic order has unleashed changes that could prove lasting, because other countries will adjust.

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ChatGPT AI bot adds shopping to its powers

The move is a challenge to tech rivals such as Google as well as other websites offering product reviews.

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What’s driving the US’ China policy? Even Trump might be quite sure

The US president’s approach not only underestimates China but also risks alienating American allies at a time when partnerships still matter.

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Donald Trump Jr. co-founds new private members club, Executive Branch, with a $500,000 fee

Executive Branch held a launch party that included members of President Donald Trump's administration as well as wealthy CEOs, tech founders and policy experts.

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Temu adds 'import charges' of about 145% after Trump tariffs, more than doubling price of many items

Temu, which sold customers on the ability to "shop like a billionaire" started adding "import charge" to orders in response to Trump's tariffs on China.

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Inside The Mad Dash to Turn Division I Athletes Into Influencers

A new effort at the University of North Carolina at Chapel Hill is aimed at turning its student-athletes into well-remunerated social media stars. Other schools are following suit.

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Sweetgreen’s CEO on Robots, RFK Jr. and Why Salads Are So Expensive

Jonathan Neman set out to make fast food healthier, co-founding the salad chain in Washington. Now, what goes in our food is political.

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NFL's Washington Commanders return to D.C. in $3.7 billion stadium deal

The Washington Commanders will return to the District of Columbia and redevelop their former RFK Stadium campus, the team announced.

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New Details Emerge on Trump Officials’ Sprint to Gut Consumer Bureau Staff

Emails and testimonials from workers at the Consumer Financial Protection Bureau document the administration’s efforts to lay off 90 percent of the employees.

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The Missteps That Led to a Fatal Plane Crash at Reagan National Airport

New details revealed by The Times show that the failures on Jan. 29 before an Army helicopter crashed into a jet near Reagan National Airport were far more complex than previously known.

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Howard Lutnick, Trump’s ‘Buoyant’ Trade Warrior, Flexes His Power Over Global Business

Howard Lutnick, the secretary of commerce, has become a go-to for major companies seeking relief from tariffs. But he’s not always friendly to their interests.

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Spotify Paid $100 Million to Podcasters as Creator Wars Heat Up

The audio platform has branched out to video and has given its podcasters a raise as the war for creator talent heats up.

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Single Travelers Are Finding Love in Airport Lounges

For some people, the calmer, semi-exclusive spaces away from the deadening realities of modern air travel have become a prime place to find romance.

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How Labubus Turned Into a Global Sensation

Online and in person, people are clamoring to get their hands on Labubus, which are dolls that are “well-intentioned” but somewhat mischievous.

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Flights cancelled in Portugal and Spain due to power cut

Some 96 departing flights from Portuguese airports have been grounded so far, while 45 have been called off from Spain.

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Wealthy consumers upped their spending last quarter, while the rest of America is cutting back

American Express and JPMorgan Chase, both of which cater to wealthier users with higher credit scores, saw spending increase to start 2025.

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UK growth forecast cut over tariff uncertainty

Business and consumer confidence is expected to suffer from the disruption to trade, an economic forecaster says.

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Apartments for Rent in a Former Office, but You Have to Live in Midtown

The developer behind transforming Pfizer’s former headquarters in Midtown Manhattan into about 1,600 apartments is hoping young people won’t care about the area’s lack of a neighborhood.

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DHL lifts suspension of high-value deliveries to US

The delivery giant is resuming deliveries worth more than $800 after negotiating "adjustments" to customs rules.

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Corporate sponsors are backing away from LGBTQ+ Pride organizations

Companies that were once loud and proud in sponsoring LGBTQ+ community celebrations are pulling back their funds amid an uncertain time for Pride organizations.

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China’s food, energy supplies secure without US imports, official says

Beijing says it has self-sufficiency in staple crops and energy, and enough alternative import sources to offset even a total loss of US goods.

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U.S. Dollar’s Weakness Creates an Opportunity for the Euro. Can It Last?

European officials see the concern over the “safe haven” reputation of U.S. financial assets as a chance to attract investors.

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M&S customers in limbo as cyber attack chaos continues

The retail giant's online business remains suspended with no indication yet when it will be restored.

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No extra cash for higher pay deals, says Downing Street

Pay review bodies recommend increases for teachers and NHS workers above the 2.8% budgeted for by government.

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US farmers’ loss is Brazil’s gain as China diversifies soybean imports

With tariffs on US soybeans, most of China’s summer imports will come from Brazil, according to the US Department of Agriculture’s April outlook report.

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How Colleges Are Turning Athletes Into Influencers

The University of North Carolina at Chapel Hill is known for its sports programs, but now it has something else to offer its athletes: an opportunity to become an influencer. Sapna Maheshwari, a business reporter who covers social media for The New York Times, returned to her alma mater to learn more.

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Airbus confirms deal for Spirit operations in Belfast

The deal was first announced in July last year as part of a wider break up of the Spirit business.

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China amps up nuclear ambitions with 10 new reactor approvals for fourth straight year

China’s third-generation Hualong One reactors will be among those built in some coastal provinces, and each can meet the energy demands of 1 million people.

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Was China the reason Guyana faced higher Trump tariff?

A Guyanese political commentator says Washington objects to Beijing's "very strong foothold" in the country.

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More Chinese leave the knot untied as marriage registrations drop

Marriages saw a year-on-year fall of 8 per cent in China for the first quarter of 2025 – a worrying sign as demographic decline continues.

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Struggling students skip meals as living costs rise

Kardo Mina, a final year student who also works part-time, says he regularly swaps meals for coffee.

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Branded school uniforms to change for four million pupils under plans

The government says it will save parents £50 a year, but retailers say it could end up costing more.

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US tariffs could endanger 16 million export jobs in China: Goldman Sachs

Investment bank researchers say retail, wholesale goods likely to be hardest hit, particularly apparel, chemical products and communications gear.

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‘60 Minutes’ Rebukes Paramount On-Air Over Executive Producer’s Exit

The show’s top producer abruptly said last week he was quitting. “Paramount began to supervise our content in new ways,” the correspondent Scott Pelley told viewers.

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China moves to protect economy from trade war, vows to hit 5% growth target

Beijing announced new measures to protect jobs and boost consumption, while insisting it was ‘fully confident’ of achieving its economic goals.

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How Armenia is trying to build a Silicon Valley in the Caucasus

The country is aiming to boost its technology sector by training children in tech from a young age.

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There are signs Trump could be ready to retreat on tariffs

BBC economics editor Faisal Islam on what comes next for the US president's central economic policy.

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Why Scott Kennedy thinks the US-China trade war is ‘far from the endgame’

The political scientist talks tariffs, a potential deal between Donald Trump and Xi Jinping, and why the US dollar has lost some of its lustre.

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Titanic Survivor’s Letter, Written Aboard the Ship, Sells for Nearly $400,000

Col. Archibald Gracie wrote the letter while traveling on the Titanic days before the ship sank and plunged him into the icy North Atlantic.

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Trump’s Tariffs Prompt Wave of Lawsuits

The cases are the latest test of the president’s expansive claims of executive power.

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Fuels arrive to keep British Steel plant going

Steel workers and their families can "breathe a sigh of relief", says the business secretary.

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Trump’s Tariffs Squeeze an Already Struggling British Car Industry

The 25 percent levies threaten automakers that are navigating Brexit, a shift to electric vehicles and other obstacles.

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M&S online disruption a 'bruise' to reputation

Online orders have been paused on the retail giant's website and app since Friday.

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Virginia Giuffre, Voice in Epstein Sex-Trafficking Scandal, Dies at 41

She accused Jeffrey Epstein and his co-conspirator, Ghislaine Maxwell, of recruiting her to join their predatory ring. She also sued Prince Andrew for sexual assault.

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In the face of trade bullying, appeasement is not an option

Only firm opposition from a united international community will convince the US to change its current course of action.

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China eases tax refund rules for foreign visitors in bid to attract more tourist revenue

The new policy is part of wider efforts to boost spending inside the country as it seeks to counter the impact of the trade war with the US.

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Tesla and Volkswagen May Have a Leg Up As Tariffs Raise EV Prices

Electric vehicles will get even more expensive, but prices for Teslas and some other models may not rise as much as prices for some conventional cars.

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How China’s AI push in agritech is changing global trade flows

As sufficiency improves for China and the countries it shares its agriculture+AI strategy with, regional and global trade could be reshaped.

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A Somber White House Correspondents’ Dinner Reflects Challenging Times for Journalism

The annual weekend celebrating America’s free press went forward, even as the Trump administration chips away at press freedoms.

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Europe’s Pharma Industry Braces for Pain as Trump Tariff Threat Looms

Medicines and chemicals are huge exports for European Union countries. That makes the sector a weak spot as trade tensions drag on.

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China’s first quarter industrial profits return to growth amid US tariff threat

The 0.8 per cent rise in the first three months comes as economists and investors brace to see what impact the trade war will have.

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Chinese firms race to open US factories to avoid sky-high tariffs

Chinese exporters in a slew of industries are setting up US facilities to escape crippling tariffs – but doing so is often far from easy.

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Ex-Disney Worker Who Hacked Menus Gets 3 Years in Prison

The fired employee admitted that he changed prices, added profanity, and altered menu items so they appeared to be free of certain allergens.

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Mortgages under 4% are back but dangers lurk for borrowers

There is greater competition among mortgage firms but no guarantee that rates will keep falling, brokers say.

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Trump opened Pandora’s box on ‘Liberation Day’. Can it ever be closed again?

Near the end of his first 100 days, Trump’s tariffs have put the global economy in disarray – does it matter if he is having second thoughts?

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How Pope Francis Wooed Donors

Efforts to fix the Vatican’s broken finances helped restore confidence among big givers. But the work isn’t finished.

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How to Talk to Your Children About Money in These Uncertain Times

Children may not understand the stock market or inflation, but they can pick up on their parents’ financial worries. Experts offer advice on dealing with the subject.

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Buy now, stock up or delay: Here's what consumers are snapping up or putting off in the face of tariffs

Fears of tariff-related higher prices have motivated consumers to buy cars early, but it's also contributing to a hesitance to buy and a hunger for deals.

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Plane tickets are getting cheaper as domestic travel demand weakens

Airlines are trimming their domestic schedules as leisure traveler demand comes in lighter than expected.

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More Americans are financing groceries with buy now, pay later loans — and more are paying those bills late, survey says

Consumers are using buy now, pay later plans to pay for essentials such as groceries, as concerns around the economy grow.

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Bessent Seeks to Reassure Global Leaders on Dollar’s Role as Safe Haven

Participants at the I.M.F and World Bank meetings this week reckoned with the prospect that the U.S. safe haven could lose its luster.

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How Tariffs Could Make Americans’ Hobbies More Expensive

As tariffs threaten the cost of synth knobs, wine corks, specialty butters and trading card sleeves, the stuff that makes American life fun may become out of reach.

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Harvard’s War With Trump Forces Question of How Endowments Should Be Spent

The Trump administration’s war on elite universities has forced them to consider whether it’s ever worth dipping into the trust.

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How Sarah Paiji Yoo, the Co-Founder of Blueland, Spends Her Sundays

Sarah Paiji Yoo, the co-founder of Blueland, spends her Sunday hunting for ice cream, avoiding single-use plastic and getting a foot massage with her husband.

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Why are European luxury brands caught in China-US trade war crossfire?

Amid US-China trade war, videos showcasing China’s manufacturing prowess went viral but also drew controversy.

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Crunch time ahead for China’s solar panel producers as Trump’s 3,521% ‘shock’ tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

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Could South America benefit from Trump's trade tariffs?

Countries in the continent may see exports rise as both the US and China need new suppliers.

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MercadoLibre CEO says US-China trade war is a big opportunity for Latin America

Galperin told CNBC's Robert Frank he believes there will be a "permanent shift" in U.S.-China trade relations.

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Markets Rise Amid Investors’ Hope of Tariff Easing

The S&P 500 rose 4.6 percent this week, with Wall Street grasping for scraps of information about tariffs and other crucial issues that can shift daily.

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Reeves suggests UK trade with EU more important than US

The chancellor indicates that moving closer to the EU on trade is a bigger priority than the US.

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International tourism to the U.S. slumps, but Americans can't stop traveling overseas

United Airlines and Delta Air Lines say international and premium travel is robust while domestic coach-class travel and some corporate travel has slowed.

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China Rejects Trump Claim of Tariff Talks With Xi

President Trump said that “we’re meeting with China” on tariffs, comments aimed at soothing jittery financial markets. But Chinese officials say no talks have taken place.

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China Is Weighing Tariff Exemptions on Some U.S. Imports

An American business group said Chinese officials had surveyed companies about American products that are crucial to their supply chains.

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Novo Nordisk scores major legal win that bars many compounded versions of Wegovy, Ozempic

Patients flocked to those Ozempic, Wegovy copycats when the branded drugs were in short supply, or if they didn't have insurance coverage for the treatments. 

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Tariff Uncertainty and Recession Fears Fuel the ‘No Buy’ Movement

The uncertainty surrounding President Trump’s tariffs has invigorated an underconsumption movement that took off early this year on TikTok and other platforms.

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Trump Budget to Take Ax to ‘Radical’ Safety Net Programs

A draft document outlines steep cuts or the elimination of funding for programs that provide child care, housing assistance, foreign aid and health research.

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Gatwick to accept 'stricter limits' on plane noise

Gatwick has responded to the Secretary of State's request for feedback on additional conditions.

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F.D.A. Scientists Are Reinstated at Agency Food Safety Labs

After 20 percent of the agency’s work force was cut, federal health officials have decided to bring back some experts and review firings to fill gaps in critical roles.

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Hairdresser fears she could lose home over tax hikes

The British Hair Consortium is calling on Rachel Reeves to cut VAT to 10% in June's spending review.

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Why Trump keeps attacking the US central bank

The US central bank is one of Trump's favourite punching bags. But how serious is the threat?

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With Khloud, Khloe Kardashian Will Release a Protein-Packed Popcorn

Social media has fueled a “proteinification” of snacks, and Khloé Kardashian is hopping on board with a line of enhanced popcorn.

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Uncertainty Over Trump’s Tariffs Paralyzes U.S. Businesses

The Times heard from hundreds of American companies, most of them small businesses, that face a reckoning because of President Trump’s steep import taxes.

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RFK Jr. Wants to Ban Food Dyes. Manufacturers Are in No Hurry.

Companies make packaged food without synthetic dyes in other countries. But despite pressure from Robert F. Kennedy Jr., the change isn’t likely to happen quickly in the United States.

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Alaska Airlines warns of slower demand as second-quarter profit outlook falls short

Alaska Airlines warned of weaker demand, pressuring airfares.

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Private jet demand declines as tariffs spook would-be buyers

A new survey of jet brokers shows that even buyers with deep pockets are pulling back.

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‘It’s everything’: 5-year-high pork cancellation signals China weaning off US farm goods

American farmers likely to face dire consequences in trade war as the mainland rolls out high tariffs, cancels orders: analysts.

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What in the World

The office-core aesthetic isn’t just about style

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Facing the Trump Tariffs, Markets Are Bracing for an Economic Storm

The markets face a baffling prospect: continual disruptions from the White House with potentially severe consequences.

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Will Cars, Phones and Other Goods Be Too Big to Tariff?

Washington and Beijing increasingly look likely to de-escalate their trade war. But the economic damage and ongoing uncertainty may persist for a while.

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Inflation falls to 2.3% in Jersey

The latest inflation figures from Statistics Jersey show prices rose by 2.3% in the last quarter.

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In China, pure EVs regain market leadership on lithium cost, battery technology

Lithium prices are just one-ninth of the peak in 2022, allowing EV makers to win over new buyers in mainland China.

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As Trump targets Harvard and nonprofits, wealthy donors are wary of stepping up their giving

Many philanthropists are wary of getting caught in the political crossfire, but some are stepping up during the funding crisis.

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Annual energy bills predicted to fall by £166 in July

The forecast fall in the cost of energy would reverse three consecutive increases in the price cap.

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US firms cautious about investing in China amid rising tensions, AmCham says

Many American companies no longer prioritising Chinese market despite Beijing’s efforts to woo foreign investors, new report finds.

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Reeves: There is a deal to be done with the US

Chancellor Rachel Reeves speaks to the BBC ahead of talks with her US counterpart in Washington on Friday.

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Water bosses could now face jail for cover-ups

New powers mean law-breaking executives can be sent to prison for up to two years.

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Retail sales see biggest rise for nearly four years

Sales rose for the third month in a row in March as warmer weather helped to boost trade.

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Whiskey Fraud Strikes Britain and Ireland

Small investors in Britain and Ireland have fallen prey to companies selling casks that turn out to be untraceable or nonexistent.

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At G20 in Washington, top Chinese officials slam trade war as talks remain elusive

Central bank governor and finance minister address G20 ministers but conclude trip without official dialogue with US counterparts.

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China’s exporters face domestic challenges amid intensifying trade war, low demand

Beijing has announced measures to support firms hurt by US tariffs, but businesses warn of challenges in domestic market.

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China has halted rare earth exports, can Australia step up?

Australia has proposed to create a strategic reserve of critical minerals.

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China puts onus on stability as Beijing vows domestic support amid US trade war

China’s Politburo says authorities will roll out specific plans to companies and individuals affected by the trade war.

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Shanghai launches plan to lead development of China’s commercial space sector

China’s financial hub steps up challenge to American space giants such as SpaceX and Blue Origin.

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Why the Post Office paid £600m to stay shackled to the faulty Horizon system

Not owning crucial code has meant it has been unable to replace the system that led to a scandal.

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Trump’s ‘anxious’ tariff remark, Hong Kong Mandarin Oriental makeover: SCMP’s 7 highlights

From China unveiling a stealth jet advance to Hong Kong Mandarin Oriental hotel’s makeover, here are highlights from SCMP’s recent reporting.

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U.S. Urges Japan and South Korea to Commit to Alaska L.N.G. Project

A group advising President Trump on energy policy is seeking meetings with Japan and South Korea’s trade ministries, with the hope of announcing progress in early June.

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Elon Musk Backs Away From Washington, but DOGE Remains

The Department of Government Efficiency has already made an immense imprint on the government, but it has not come close to Elon Musk’s pledge of cutting $1 trillion.

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Elon Musk and DOGE’s Savings May Be Erased by New Costs

An expert on the federal work force estimates that the speed and chaos of Mr. Musk’s cuts to the bureaucracy will cost taxpayers $135 billion this fiscal year.

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Could China ever learn to live with GDP growth of less than 5 per cent?

Three Chinese economists argue rigid growth target causes local governments to misallocate resources and take on excessive debt.

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Who will win the race to develop a humanoid robot?

Humanoid robots are attracting a lot of investment but will China dominate the industry?

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Publisher of PCMag and Mashable Sues OpenAI

Ziff Davis, which owns more than 45 media properties, is accusing the tech company of infringing on the publisher’s copyrights and diluting its trademarks.

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Multinationals vow big China investments, defying tariffs and bucking wait-and-see trend

A US$2 billion deal between Toyota and Shanghai shows how foreign direct investment is still finding its way to China despite trade war with the US.

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China should boost consumption to offset slowdown and trade war with US, IMF says

Having cut China’s growth forecast, fund officials also suggest stronger social protections and doing more to address property sector woes.

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Comcast stock drops as investors balk at weakness in broadband

Comcast lost 199,000 total domestic broadband customers, reflecting the continued pressure on the cable giant's cornerstone business.

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Stocks Extend Gains as Investors Weigh Fed Rates and Tariff Talk

After an early wobble, markets resumed rising after Chinese officials contradicted suggestions from President Trump and others about tariff negotiations.

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Merck lowers profit outlook, partly due to $200 million expected tariff hit

Merck said the expected tariff charge primarily reflects levies between the U.S. and China, but does not account for Trump's planned pharmaceutical tariffs.

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Pepsico Cuts Growth Forecast Amid Tariffs and Slowed Consumer Spending

PepsiCo’s earnings call pointed to anxious consumers as to why sales had slowed, echoing comments by Chipotle and Procter & Gamble.

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Companies from Chipotle to Delta are worried about Trump's tariffs. Here's what they're saying

PepsiCo, Chipotle and Procter & Gamble are among the companies that lowered their forecasts.

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Trump Cuts Threaten Agency Running Meals on Wheels

A tiny division responsible for overseeing services for people with disabilities and older Americans is being dismantled as part of an overhaul by Robert F. Kennedy Jr., the health secretary.

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The Cybercriminals Who Organized a $243 Million Crypto Heist

How luxury cars, $500,000 bar tabs and a mysterious kidnapping attempt helped investigators unravel the heist of a lifetime.

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Corporate America shelled out millions for Trump's inauguration. Now he's upending many of their businesses

Corporations like Target, McDonald's and Delta donated to Trump's inaugural committee after skipping the last two cycles. Now he has roiled their businesses.

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March home sales drop to their slowest pace since 2009

Home sales in March were weaker than expected, due to higher mortgage rates and concern over the broader economy.

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American liquor exports hit record high in 2024, driven by tariffs

U.S. Spirits exports reached a record $2.4 billion in 2024 driven in large part by tariff fears.

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Chinese Factory Owners Make Appeals to Americans on TikTok: Buy Direct

Videos on the social media app, filmed at factories in China, urge viewers to buy luxury goods directly, as tariffs drive up prices. Americans are receptive.

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Procter & Gamble CEO says price hikes are 'likely,' as Tide owner cuts outlook due to tariffs, uncertainty

Procter & Gamble's quarterly earnings topped estimates, but its revenue fell short of expectations.

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Hasbro forecasts as much as $300 million impact if China tariffs don't come down

Hasbro CEO Chris Cocks said the company will be forced to raise prices and warned of potential job losses as the company tries to absorb costs.

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American Airlines withdraws 2025 forecast on murky economic outlook

American Airlines joined Delta, Southwest and Alaska in pulling its 2025 financial guidance.

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Trump’s Tariffs Expected to Grind Germany’s Growth to a Halt

The German government scaled back its prediction for 2025 to zero economic growth, citing the turbulence caused by U.S. tariffs, as well as stubborn bureaucracy and high energy prices.

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Sky-high US tariffs to hit Boeing, Chinese airliners and China’s home-grown jets

As the trade war fallout continues to spread, full domestic sourcing of parts for China-made planes ‘is unlikely to happen before 2035’, analyst says.

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PepsiCo cuts earnings forecast as it predicts 'uncertainty' in tariffs, consumer spending

PepsiCo cut its forecast for its core constant currency earnings per share, citing new tariffs.

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With Underdog Brand, Jason Kelce Takes ‘Made in the U.S.’ Seriously

For his new Underdog line of sweatshirts and T-shirts, the retired football star had specific thoughts on fit, materials and where the garments were made.

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The Briefing Room

Can the UK become an AI superpower as the government hopes?

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Bristol Myers Squibb tops quarterly estimates, hikes outlook as drugmaker braces for tariffs

The guidance revisions include the estimated impact of current tariffs on U.S. products shipped to China, but not Trump's planned pharmaceutical tariffs.

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2025 Shanghai Auto Show: Chinese carmakers hit the brakes on auto-driving hype after crash

‘Safety’ is the big buzzword as firms adjust tone amid Beijing’s closer scrutiny after a fatal crash involving a driver-assistance system.

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Southwest to cut flights this year, pulls guidance, citing 'macroeconomic uncertainty'

Southwest Airlines said it plans to cut flights in the second half of 2025 and pulled its 2025 and 2026 guidance.

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China’s wealthy are hoarding cash amid an uncertain economy, survey finds

Chinese high-net-worth investors are wary of taking risks during a period of intense turbulence.

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Has Trump’s Tariff Fight Passed Its Peak?

Many investors and business leaders increasingly believe President Trump will dial back his trade battles. Not everyone is willing to commit to that bet.

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How China is expanding and accelerating its ‘special bonds’ programme

Beijing is issuing more ultra-long-term government bonds as it strives to shore up the Chinese economy amid an intensifying US trade war.

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Leaders of Mental Health Giant Promised Big Bonuses to Deal With Federal Investigations

Acadia Healthcare’s chief executive was awarded a $1.8 million bonus to respond to “unprecedented governmental inquiries” into allegations of holding psychiatric patients against their will.

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Tripped Up: I Gave Up My Seat for $800, but Frontier Forgot to Pay Me.

When the low-cost airline asked for 20 volunteers to take a later flight, one of them never received the promised voucher. Was a handwritten list to blame?

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‘Fake news’: China dismisses claims of US trade talks

Government ministries say trade negotiations not being considered after US President Donald Trump suggested the two countries have been in contact.

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The Inquiry

Why Donald Trump has chosen to upend global trading

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China’s latest market access negative list opens new sectors to private firms

NDRC reduces number of areas in which restrictions apply from 117 to 106.

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For China’s Trolls, ‘Chairman Trump’ and ‘Eyeliner Man’ Are Easy Targets

Online mockery of President Trump is fodder for the Communist Party’s propagandists. For liberal-minded Chinese, it is a creative expression of shock at his policies.

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Why China’s robot makers are unfazed by US tariffs: ‘we’re the only supplier’

Many firms say they feel little pressure to lower prices, as there are few viable alternatives to their products.

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China’s ‘involution’ trap is hurting nation’s competitiveness, state media warns

Economic Daily commentary says ‘neijuan’ – a self-defeating cycle of too much competition – is still prevalent and poses a threat to sustainable growth.

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Trump considering exemption for automakers on some tariffs, White House says

Trump is considering exemptions for automakers from some tariffs announced by his administration, the White House confirmed Wednesday.

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Chipotle is seeing a 'slowdown' in consumer spending as 2025 gets off to a rough start

Chipotle's same-store sales fell in the first quarter for the first time since 2020.

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Trump wants automakers to move vehicle production to the U.S. It's not that simple

Relocating production lines takes years of planning and construction and requires massive amounts of space and capital.

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German firms in China count cost of rising US-China trade tensions

While many are adopting a wait-and-see approach, 38% are stepping up localisation efforts in China.

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Chinese robotaxi firm Pony.ai eyes global expansion, unveils 3 models at Shanghai car show

The industry will see wider adoption and a big jump in the number of robotaxis in the next three years, Pony.ai CEO James Peng says.

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As Guangdong GDP growth lags, is Jiangsu on track for No 1 spot in China?

Property sector woes have outsize impact on southern province that pioneered reform and opening up.

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Trump’s ‘anxious’ tariff comments put China in control, analysts say

Beijing can afford to hold out for a better trade deal as the pressure on the US side ramps up, analysts say.

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China’s troubled energy-storage sector reels from price war, tariff blows

Slower capital spending and weaker prices projected as tariffs set to hit China’s biggest export market for energy-storage systems.

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As China’s birth rates drop, has Guangdong become the country’s ‘golden child’?

While the rest of China attempts to boost birth rates as the population ages, why has the southern province stayed relatively resilient?

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Chinese EV makers take spotlight as Tesla skips Shanghai Auto Show for second time

Firms including BYD, Nio, Geely, Xiaomi and Leapmotor will showcase new and existing models at the two-week event starting on Wednesday.

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The record-breaking tunnel being built from Denmark to Germany

The rail and road link will slash journey times between much of Scandinavia and continental Europe.

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China rolls out plan to promote its own payment system as US trade war simmers

The country aims to reduce its reliance on the dollar-based global financial system as it confronts Washington’s aggressive trade policies.

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IMF slashes GDP growth estimates for China, US and world as trade tensions rise

Outlook for American economy this year took a hit during the first quarter, according to the latest World Economic Outlook report.

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China’s shipyards breathe sigh of relief as US scales back port-fee plan

But major shipping carriers face even greater risks as new rules scrap upper limit for levies.

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Five ways for first-time buyers to get on the housing ladder

Mortgage experts share their tips for anyone starting out on the journey to owning their own home.

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Why China curbing rare earth exports is a blow to the US

As the trade war continues to escalate, China has hit back at Trump by suspending exports of rare earth minerals.

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Firms say Meta not helping them to recover hacked accounts

Businesses around the world say they are unable to get back into their Facebook and Instagram pages.

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Finland's bid to win Europe's start-up crown

Helsinki wants to become a top European start-up hub, but can it challenge London and Stockholm?

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The curious case of why a billionaire wants to buy Royal Mail

From the end of April, the 500-year-old Royal Mail will be controlled by Czech billionaire Daniel Kretinsky who co-owns a football club - but why does he want it?

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Do we need cocoa-free chocolate and is it nice?

Cocoa prices are soaring so new chocolate firms are looking at an alternative ingredient.

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The plans to put data centres in orbit and on the Moon

Proponents say space-based data centres will be more secure, but sceptics say big hurdles remain.

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The Canadians and Danes boycotting American products

As anger grows over Trump's tariffs, apps and social media groups are helping people avoid US goods.

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A revolution is under way in India's trainer industry

India wants to boost the domestic trainer industry but will small domestic makers suffer?

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Trump has turned his back on the foundation of US economic might - the fallout will be messy

What made the US step back from the system that it profited handsomely from for decades?

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Starmer's response to Trump tariffs is both to slow down and go faster

What's happening in Whitehall to try to limit the harm to the UK, perhaps by making a deal with the US, and make the most of any opportunities?

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David Dimbleby: I thought the free market was with us forever - then Trump came along

Why the reign of the free market is facing its biggest ever challenge

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Rachel Reeves is feeling the heat ahead of her Spring Statement

The Chancellor hints at a more guarded approach amid global uncertainty - and issues a warning ahead of her announcements.

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