Australia may dodge global trade war recession but Chalmers flags ‘substantial’ risks to growth

07/04/2025 07:50 The Guardian

Economist Warwick McKibbin says ‘economic and policy flexibility’ puts Australia in better position to escape fallout from Trump tariffsElection 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastA global trade war will not drive Australia’s economy into recession, new Treasury modelling suggests, even as Jim Chalmers says he is realistic about “substantial” risks to growth from Donald Trump’s sweeping new tariffs.The treasurer sought to soothe Australians rattled by Monday’s dramatic share market plunge – the worst in five years – saying the country was “better placed and better prepared” than others to weather the coming storm.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...

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Dutton playing ‘Donald Trump anti-migration card’ in plan to slash international students, higher education peak body says

The Coalition would retain Labor’s cap on the private sector but cut an extra 30,000 places at universitiesPolls tracker; election guide; full federal election coverageAnywhere but Canberra; interactive electorates guideListen to the first episode of our new narrative podcast series: GinaGet our a...

07/04/2025 15:00 The Guardian

Rollercoaster for US stock markets as tariff uncertainty puts investors on edge - business live

Wall Street shows some recovery after initial falls as Trump’s team dismiss rumours of a 90-day pause on tariffs as ‘fake news’US Politics Live: Trump says Federal Reserve should cut ratesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plumm...

07/04/2025 14:53 The Guardian

Which Trump-supporting billionaires have lost the most in tariff markets turmoil?

Wealth of world’s richest tycoons shrinks as US president’s trade war spooks investorsBusiness live – latest updatesWith global stock markets reeling from Donald Trump’s announcement of sweeping border taxes, some of the US president’s business allies have been left counting the cost.The w...

07/04/2025 14:28 The Guardian

Middle East crisis live: Israeli troops shot Gaza paramedics ‘with intent to kill’, says Red Crescent – as it happened

15 medics and rescuers killed last month in Gaza were shot in upper body ‘with intent to kill’, says president of Palestinian Red Crescent SocietyRussia, China and Iran will hold consultations at expert level on the Iranian nuclear programme in Moscow on Tuesday, Russian’s foreign ministry spo...

07/04/2025 14:22 The Guardian

Volatility grips global stock markets as Trump insists on tariff ‘medicine’

Wall Street swings in and out of red as turmoil from US president’s assault on world trade enters second weekBusiness live – latest updatesExtreme volatility plagued global stock markets on Monday, with Wall Street swinging in and out of the red as Donald Trump defied stark warnings that his glo...

07/04/2025 14:08 The Guardian

Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss

Jamie Dimon believes effect of policy may be ‘hard to reverse’ if maintained for too longEuropean markets slumpBusiness live – latest updatesThe JP Morgan chief executive, Jamie Dimon, has warned that it may be “hard to reverse” the effect of Donald Trump’s tariffs, which he said would d...

07/04/2025 12:53 The Guardian

Bill Ackman urges Trump to pause ‘economic nuclear war on every country’

Billionaire fund manager tries to persuade US president over tariffs, which have wiped $6tn off US stocksUS politics live – latest updatesDonald Trump supporter and billionaire fund manager Bill Ackman has said the president is losing the confidence of business leaders and should pause his trade w...

07/04/2025 12:43 The Guardian

Trump says Federal Reserve should cut rates as markets plunge after tariffs – US politics live

US economic council head denies tariffs were part of strategy to crash financial markets and pressure fed to cut interest ratesThe Israeli prime minister, Benjamin Netanyahu, is in Washington for a second meeting since Donald Trump took office in January, where they’re expected to discuss tariffs,...

07/04/2025 12:28 The Guardian

UK firms ditching diversity and inclusion ‘face higher risk of lawsuits’

Top employment lawyer issues warning after large US companies roll back policies amid Trump pushBusiness live – latest updatesBritish businesses face a greater risk of legal action if they follow their US counterparts in ditching efforts to improve diversity and inclusion in the wake of Donald Tru...

07/04/2025 11:05 The Guardian

Peter Dutton would ‘dictate’ what students are taught, education minister warns private school sector

Exclusive: Opposition leader has ‘opened the doors’ to abolishing the department of education and cutting funding to schools, Jason Clare claimsPolls tracker; election guide; full federal election coverageAnywhere but Canberra; interactive electorates guideListen to the first episode of our new...

07/04/2025 09:00 The Guardian

EU ministers to meet to consider response to Donald Trump’s tariffs – Europe live

Meeting in Luxembourg follows EU trade commissioner’s meetings with US counterparts last week as Trump signals no intention to back downGerman chancellor-in-waiting Friedrich Merz warned that international stock and bond markets could deteriorate further following the announcement of US president...

07/04/2025 08:28 The Guardian

Weather tracker: Arctic air sends chill through eastern Europe

Cold spell will move south this week with temperatures about 5-10C below average from Russia to GermanyAfter a cold weekend in north-eastern Europe, chilly conditions are expected to spread southwards this week. This cold spell is due to a large area of high pressure over the North Sea, which allowe...

07/04/2025 08:22 The Guardian

ASX 200 sheds $100bn in biggest one-day fall in five years as Trump tariffs send shares tumbling

Other times when ASX dropped by more than 4% include during pandemic, 2008 global financial crisis and 1987 stock market crashFalling Australian dollar spells bad news for travellers and shoppersGet our afternoon election email, free app or daily news podcastElection 2025 live updates: Australia’s...

07/04/2025 07:36 The Guardian

Monday briefing: Asian markets slump after Trump insists that tariff policy will not change

In today’s newsletter: Why the global sell-off continued in earnest this morning – and why it mattersGood morning. The markets might have been closed over the weekend, but the break has offered little respite for those who might have hoped for some sign that Donald Trump would consider a change...

07/04/2025 05:34 The Guardian

Ten Britons accused of committing war crimes while fighting for Israel in Gaza

Exclusive: Met to be handed dossier of evidence alleging crimes including killings of civilians and aid workersA war crimes complaint against 10 Britons who served with the Israeli military in Gaza is to be submitted to the Met police by one of the UK’s leading human rights lawyers.Michael Mansfie...

07/04/2025 04:00 The Guardian

Election 2025 live: Australian dollar dives to Covid levels and stock market claws back some of morning’s losses amid trade war gloom

Follow today’s news liveAnywhere but Canberra: Australian voters on what matters to themInteractive guide to electorates in the Australian electionListen to the first episode of our new narrative podcast series: GinaSee all our Australian election 2025 coverageGet our afternoon election email, fre...

07/04/2025 03:18 The Guardian

Markets brace for another volatile week as Trump’s most punitive tariffs kick in

Analysts warn of possible recessions in the UK, US and EU while world leaders weigh up retaliatory action Markets are braced for another rollercoaster week as the most punitive of Donald Trump’s tariffs kick in and world leaders weigh up retaliatory action, adding to fears of a global recession.St...

06/04/2025 18:09 The Guardian

Senior Trump officials give conflicting lines on tariffs after markets turmoil

Commerce secretary insists on CBS that tariffs will ‘stay in place’ as treasury secretary tells NBC negotiation is possibleSenior officials within Donald Trump’s administration gave conflicting messages on Sunday about the US president’s global tariffs that have caused a meltdown in stock ma...

06/04/2025 17:37 The Guardian

Unsafe for Russia to restart Zaporizhzhia nuclear plant, says Ukraine energy chief

Energoatom CEO, Petro Kotin, says ‘major problems’ need to be overcome before it can safely generate powerIt would be unsafe for Russia to restart the occupied Zaporizhzhia nuclear plant and would take Ukraine up to two years in peacetime if it regained control, the chief executive of the compan...

06/04/2025 16:28 The Guardian

Netanyahu heads to Washington to talk tariffs, Gaza and Iran with Trump

Visit would make Israel’s president the first foreign leader to travel to Washington in attempt to negotiate a better dealBenjamin Netanyahu has announced a last-minute visit to Washington to meet with Donald Trump, where the Israeli leader is expected to discuss Iran, the war in Gaza, and tariffs...

06/04/2025 16:00 The Guardian

Call for expansion of Royal Navy surveillance after Kremlin spy devices found

Defence officials believe Trident nuclear fleet is latest target in Putin’s ‘greyzone’ war with the UKBritain is “behind the curve” in tracking Russia’s deep-sea operations, an ex-minister has said, after spy sensors targeting Royal Navy submarines were found in waters around the UK.Tobi...

06/04/2025 14:52 The Guardian

Americans braced for era of uncertainty as Trump doubles down on tariffs

Recession fears are mounting, and anxiety is high – but the president remains unmoved by criticism of his trade plansSince Donald Trump returned to the White House, Americans have grown used to high drama and rapid-fire headlines, as executive orders from the Oval Office have reshaped the US, from...

06/04/2025 12:00 The Guardian

‘Everyone can have a bit of White Lotus in their wardrobe’: how fashion fell in love with the hit show

As the third season of the social satire draws to its finale, the costumes featured in the series are selling out fastThe third season of The White Lotus finishes on Monday, marking the end of group chats and column inches devoted to the Thai hotel and its super-rich guests.While some of this chatte...

06/04/2025 11:00 The Guardian

Era of globalisation ‘at an end’, says UK minister, as countries mull tariff responses – live updates

Darren Jones says age of ‘fast-fashion or cheap TVs’ is over and people should be prepared for tougher times to come amid market turmoilStarmer orders economic reset amid Trump’s tariff mayhemThe Israeli prime minister, Benjamin Netanyahu, is set to travel to Washington to meet with his close...

06/04/2025 10:06 The Guardian

Doge’s attack on social security causing ‘complete, utter chaos’, staff says

Understaffed agency sent into ‘death spiral’ as employees warn Musk-led cuts will lead to structural collapseOffice closures, staffing and service cuts, and policy changes at the Social Security Administration (SSA) have caused “complete, utter chaos” and are threatening to send the agency i...

06/04/2025 10:00 The Guardian

Assisted dying could become ‘tool’ to harm women in England and Wales, say faith leaders

Christian, Muslim, Jewish and Sikh women say bill has ‘insufficient safeguards’ to protect those who are vulnerableThe legalisation of assisted dying in England and Wales could create “a new tool to harm vulnerable women”, particularly those subject to domestic violence and coercive control,...

06/04/2025 09:00 The Guardian

Lib Dems hoping anti-Trump stance will give them boost in local elections

Labour and Tories’ reluctance to criticise US president could pave way for gains in May’s council and mayoral ballotsThe Liberal Democrats are stepping up their anti-Donald Trump messaging this weekend in the hope of using dislike of the US president among Tory and Labour voters to make big gain...

06/04/2025 09:00 The Guardian

‘They’re everywhere’: workers warn of rat infestation at Somerset nuclear plant

Unions urge energy giant EDF to take action as concerns mount over health of construction staffWorkers building the troubled Hinkley Point C nuclear reactor in Somerset have raised concerns that the construction site is overrun by rats.The Unite and GMB trade unions are understood to have warned the...

06/04/2025 07:00 The Guardian

‘There is no ceasefire. Attacks are ongoing’: how Putin’s envoy played US over Ukraine

White House welcome for key member of Russian president’s inner circle raises fears over America’s commitment to peaceKirill Dmitriev’s meetings with US officials in the White House last week went largely below the radar. And deliberately so.The dapper investment envoy to Russian president Vla...

06/04/2025 06:00 The Guardian

Trump tariffs come into effect in ‘seismic’ shift to global trade

‘Baseline’ 10% import levy takes effect at US seaports, airports and customs warehouses, with some higher tariffs to begin next weekDonald Trump’s 10% tariff on all imports from many countries, including the UK, has come into force after 48 hours of turmoil.US customs agents began collecting t...

06/04/2025 04:15 The Guardian

BREAKING NEWS

07/04 16:35 - News24 | Amid thawing relations, Russia reduces US soldier's jail sentence by 7 months 07/04 15:22 - EU denies ‘drone wall’ funding for member states – media 07/04 15:10 - Putin praises Ovechkin after he breaks NHL all-time goal record 07/04 15:03 - Ukraine Questions Value of Black Sea Truce With Russia 07/04 15:00 - Dutton playing ‘Donald Trump anti-migration card’ in plan to slash international students, higher education peak body says 07/04 14:53 - Rollercoaster for US stock markets as tariff uncertainty puts investors on edge - business live 07/04 14:28 - Which Trump-supporting billionaires have lost the most in tariff markets turmoil? 07/04 14:22 - Middle East crisis live: Israeli troops shot Gaza paramedics ‘with intent to kill’, says Red Crescent – as it happened 07/04 14:15 - JPMorgan Chase CEO Jamie Dimon Warns of Economic Pain From Trump’s Tariffs 07/04 14:08 - Volatility grips global stock markets as Trump insists on tariff ‘medicine’ 07/04 14:01 - News24 | Putin backs Ukraine truce deal but 'these questions are hanging in the air' 07/04 13:56 - Netanyahu and Trump to meet amid concerns over Gaza, Iran and tariffs 07/04 13:40 - No EU country will arrest Netanyahu on ICC warrant – Belgian PM 07/04 13:05 - Ukraine to discuss minerals deal with US as Russia drags feet on ceasefire 07/04 13:05 - Ukraine to discuss minerals deal with US as Russia drags feet on ceasefire 07/04 12:53 - Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss 07/04 12:45 - Ukrainians doubt potential of Trump’s peace plan amid deadly Russia attacks 07/04 12:45 - Ukrainians doubt potential of Trump’s peace plan amid deadly Russia attacks 07/04 12:43 - Bill Ackman urges Trump to pause ‘economic nuclear war on every country’ 07/04 12:28 - Trump says Federal Reserve should cut rates as markets plunge after tariffs – US politics live 07/04 12:20 - Alliance of Sahel States recalls ambassadors as tension with Algeria rises 07/04 12:20 - Alliance of Sahel States recalls ambassadors as tension with Algeria rises 07/04 11:59 - Trump’s Trade War Raises Bar for Fed Rate Cuts 07/04 11:05 - UK firms ditching diversity and inclusion ‘face higher risk of lawsuits’ 07/04 10:54 - Estonian city of Narva prepares for potential Russian invasion 07/04 10:52 - EU could fund expensive weapons for Ukraine – Reuters 07/04 10:40 - Billionaire Trump backer warns of 'economic nuclear winter' over tariffs 07/04 10:29 - Israeli strike on media tent extends journalist death toll in Gaza 07/04 10:29 - Israeli strike on media tent extends journalist death toll in Gaza 07/04 10:18 - News24 | 'Deterrence is necessary': US, Philippines conduct military drills to ward off China 07/04 10:03 - Brits urged to prepare survival kits amid ‘Russia threat’ – Daily Mail 07/04 10:03 - From Black Thursday to Trump's tariffs: A look at the worst market crashes since 1929 07/04 09:08 - Most of UK to feel warmer this week as sunshine continues 07/04 09:00 - Peter Dutton would ‘dictate’ what students are taught, education minister warns private school sector 07/04 08:32 - Convicted pedophile worked for UK charity helping Ukrainian kids – Telegraph 07/04 08:28 - EU ministers to meet to consider response to Donald Trump’s tariffs – Europe live 07/04 08:22 - Weather tracker: Arctic air sends chill through eastern Europe 07/04 08:00 - News24 | 'Special personal relationship': Netanyahu to meet Trump over tariffs, Gaza war 07/04 07:57 - From junior Grand Slam champion to basketball star, the rise of Josh Ward-Hibbert 07/04 07:50 - Australia may dodge global trade war recession but Chalmers flags ‘substantial’ risks to growth 07/04 07:46 - Live: Wall Street opens sharply lower as Trump tells Americans to ‘be strong’ on tariffs 07/04 07:36 - ASX 200 sheds $100bn in biggest one-day fall in five years as Trump tariffs send shares tumbling 07/04 07:09 - European shares plunge to 16-month low as China retaliates for Trump tariffs 07/04 07:09 - China vows to remain a 'promising land' for foreign investment amid Trump tariff war 07/04 07:00 - Everyone wants Europe’s largest nuclear plant. Ukraine wants it back. 07/04 06:39 - China Tries to Downplay the Trade War’s Effects on Its Economy 07/04 06:24 - Russia-Ukraine war: List of key events, day 1,138 07/04 06:24 - Russia-Ukraine war: List of key events, day 1,138 07/04 06:17 - In Zelensky’s home town Kryvy Rih, residents fear more Russian strikes 07/04 05:47 - US defends tariffs on remote island of penguins and seals 07/04 05:34 - Monday briefing: Asian markets slump after Trump insists that tariff policy will not change 07/04 04:08 - World rushes to negotiating table as Trump tariffs shake global markets 07/04 04:00 - Ten Britons accused of committing war crimes while fighting for Israel in Gaza 07/04 03:18 - Election 2025 live: Australian dollar dives to Covid levels and stock market claws back some of morning’s losses amid trade war gloom 07/04 01:40 - Asian stock markets tumble - with major index hit by worst fall for 28 years 07/04 01:02 - Russian attack on Kryvy Rih kills 20, including nine children 07/04 00:35 - Hollywood legend Oliver Stone blasts ‘Russiagate lies’ 06/04 22:55 - Royal Navy worried about Russian superyachts – Times 06/04 22:25 - Leishman wins first individual LIV title 06/04 20:44 - Macron to host Gaza summit with Egyptian and Jordanian leaders 06/04 20:05 - White House provides reason for not putting tariffs on Russia 06/04 19:14 - Rising rivers threaten US South and Midwest after severe weather kills 18 06/04 19:14 - Rising rivers threaten US South and Midwest after severe weather kills 18 06/04 18:09 - Markets brace for another volatile week as Trump’s most punitive tariffs kick in 06/04 18:06 - Mass protests in Morocco against Israel’s war in Gaza and US support 06/04 18:06 - Mass protests in Morocco against Israel’s war in Gaza and US support 06/04 17:37 - Senior Trump officials give conflicting lines on tariffs after markets turmoil 06/04 16:28 - Unsafe for Russia to restart Zaporizhzhia nuclear plant, says Ukraine energy chief 06/04 16:00 - Netanyahu heads to Washington to talk tariffs, Gaza and Iran with Trump 06/04 15:45 - Marine Le Pen sentenced, Trump's trade war, Myanmar in ruins: The week in pictures 06/04 15:37 - Iran ‘ready for any war’ – senior commander 06/04 15:01 - If You Refuse To Wear Pants This Spring, Here Are 31 Beautiful Dresses And Skirts To Add To Your Wardrobe 06/04 14:52 - Call for expansion of Royal Navy surveillance after Kremlin spy devices found 06/04 14:48 - Russia Strikes Kyiv as Ukraine Mourns Deadly Attack on Zelensky’s Hometown 06/04 14:03 - Sudanese Refugees Flee to Chad Amid Deadly Airstrikes 06/04 14:01 - Poland warns Trump against ‘historic mistake’ in Russia talks 06/04 13:31 - Musk warns of ‘real massacre’ in Western Europe 06/04 13:00 - Trump’s tariffs end ‘world as we knew it’: UK’s Starmer 06/04 13:00 - Trump’s tariffs end ‘world as we knew it’: UK’s Starmer 06/04 12:53 - Who are the two MPs deported by Israel – and what have they said about the war in Gaza? 06/04 12:19 - Russian missile strike kills one and injures three in Kyiv 06/04 12:00 - Americans braced for era of uncertainty as Trump doubles down on tariffs 06/04 11:18 - Joseph Tater, US man awaiting trial in Russia, sent to psychiatric hospital 06/04 11:18 - Joseph Tater, US man awaiting trial in Russia, sent to psychiatric hospital 06/04 11:00 - ‘Everyone can have a bit of White Lotus in their wardrobe’: how fashion fell in love with the hit show 06/04 10:06 - Era of globalisation ‘at an end’, says UK minister, as countries mull tariff responses – live updates 06/04 10:00 - Doge’s attack on social security causing ‘complete, utter chaos’, staff says 06/04 09:31 - 41 Outdoor Products That’ll Get You Excited About Spending Time In Your Yard Again 06/04 09:18 - Iran rejects ‘meaningless’ direct talks with US 06/04 09:18 - Iran rejects ‘meaningless’ direct talks with US 06/04 09:00 - Assisted dying could become ‘tool’ to harm women in England and Wales, say faith leaders 06/04 09:00 - Lib Dems hoping anti-Trump stance will give them boost in local elections 06/04 08:52 - Top US Republican warns of election ‘bloodbath’ 06/04 08:47 - Latest updates on Russian missile strike killed 18 in Kryvyi Rih 06/04 08:32 - France and United Kingdom to coordinate in tariffs talks 06/04 08:32 - US revokes all visas held by South Sudanese passport holders 06/04 08:32 - US revokes all visas held by South Sudanese passport holders 06/04 08:27 - Russia launches missile attack on Ukraine capitial 06/04 08:17 - Russia bombs Kyiv after missile strikes in Ukraine’s south 06/04 08:17 - Russia bombs Kyiv after missile strikes in Ukraine’s south