Business

Explainer
Explainer
Could Trump’s tariffs tip the world into recession?

Could Donald Trump's widespread 'Liberation Day' tariffs result in a global recession – and how best can the UK prepare for the possibility?
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Pic: Reuters

Trump tariffs could disrupt medicine supplies to UK, warns health secretary

Wes Streeting says the global trade war sparked by the US president's tariff agenda creates “another layer of challenge” when it comes to the manufacture and distribution of medicines.
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File pic: iStock

Starmer to name ex-regulator Fingleton to lead nuclear taskforce

A review aimed at incentivising investment into Britain's nuclear energy industry will be chaired by John Fingleton, a former boss of the Office of Fair Trading, Sky News learns.
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Keir Starmer and Ed Miliband with scientists during a visit to Springfields National Nuclear Laboratory facility in Preston.
Pic: PA

Philip Green’s human rights not breached when he was named in parliament over injunction, court rules

Lord Hain, who named Sir Philip Green in parliament, says he is “really pleased” the principle of parliamentary privilege has been defended in the ruling by the European Court of Human Rights.
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Pic: PA

Asian markets rally as China vows to ‘fight to the end’ over Trump’s new tariff threat

In a statement, the Commerce Ministry said the US's imposition of “so-called 'reciprocal tariffs'” on China is “completely groundless and is a typical unilateral bullying practice”.
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A screen shows the Nikkei 225 surging. Pic: AP

Trump says no pause on tariffs after rollercoaster day on Wall Street ends with most US markets down

The US president also threatened to impose a further 50% duty on China as economists fear his sweeping tariffs could plunge the world into a global recession.
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A screen shows trading of the S&P 500 Index after the closing bell. Pic: Reuters

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A trader on the floor at the New York Stock Exchange. Pic: AP

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Donald Trump is seen on the television as traders work on the floor at the New York Stock Exchange. Pic: AP

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A trader works on the floor at the New York Stock Exchange. Pic: Reuters

Analysis
Analysis
A major economic shock is happening thanks to Trump – and the UK can do little to stop it

With high borrowing and tax at record levels, the government lacks the levers available in the 2008 financial crash and COVID.
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Pic: AP

Social media posts spark US markets upturn – before White House clarification sends them back into the red

On Monday, the US markets opened with a fall for the third day in a row, before a brief lift which has been attributed to social media posts labelled 'fake news' by the White House.
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A trader at the New York Stock Exchange on Monday. Pic: Reuters

Podcast
Podcast
Market turmoil: Are we heading for a global recession?

Insurer Hiscox lines up chairman months after Bayesian sinking

Richard Berliand, the chairman of interdealer broker TP ICAP, is among a small number of contenders to succeed Jonathan Bloomer following his death last summer, Sky News learns.
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File pic: Reuters