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Deutsche Bank predicts more aggressive RBA rate cut in May as Trump tariff threat looms

08/04/2025 08:20 The Guardian

Chief economist Phil O’Donaghoe says ‘global shock’ from protectionist US trade policy justifies more aggressive move from Reserve BankGet our afternoon election email, free app or daily news podcastDeutsche Bank says the Reserve Bank of Australia will follow the script from previous crises and deliver a double rate cut when it next meets in May, as Donald Trump’s threats of even higher tariffs on China added to fears of a looming global trade war.Financial markets and economists were in agreement the RBA would lower the cash rate from 4.1% to 3.85% in five weeks’ time, saying the decision is “locked in” after the US president’s “liberation day” trade on 2 April sent financial markets tumbling late last week.Sign up for the Afternoon Update: Election 2025 email newsletter Continue reading...

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Trump press secretary attacks Maryland senator for traveling to El Salvador – as it happened

This blog has now closed. You can read our latest story hereUS attorney general Pam Bondi on Wednesday unveiled legal action against Maine, in an escalation of Donald Trump’s conflict with the state for refusing to ban transgender athletes from participating in women’s and girls’ sports.Reuter...

17/04/2025 01:37 The Guardian
Australia election 2025 live: Peter Dutton says he ‘aspires’ to lower income tax and to end bracket creep

Opposition leader says he wants to end economic ‘killer’ as he tries to reboot campaign. Follow today’s news liveGet our breaking news email, free app or daily news podcastGood morning and welcome to our live news blog. I’m Martin Farrer with the best of the overnight stories and then it wil...

16/04/2025 20:31 The Guardian
Fed chair says Trump tariffs could make inflation worse as US stocks slide further

Value of Nvidia dropped by billions on Wednesday after president imposed new restrictions on the chip giantThe US Federal Reserve chair, Jerome Powell, warned Donald Trump’s tariffs were generating a “challenging scenario” for the central bank and were likely to worsen inflation.Powell’s com...

16/04/2025 20:26 The Guardian
Whole ecosystems ‘decimated’ by huge rise in UK wildfires

Blazes in some parts of the country are up by 1,200% since last year, as charities warn about effects on wildlifeEntire ecosystems have been “decimated” and endangered species put at risk after one of the worst wildfire seasons on record in the UK, charities have warned.Vast areas of habitat for...

16/04/2025 19:16 The Guardian
Israeli minister met David Lammy on ‘private’ visit to UK, Foreign Office says

Activist groups make request for arrest warrant to be issued for Gideon Sa’ar after unannounced trip to LondonThe UK Foreign Office has confirmed that the foreign secretary, David Lammy, met his Israeli counterpart, Gideon Sa’ar, while Sa’ar was on an unannounced visit to London.The Foreign Of...

16/04/2025 18:58 The Guardian
US judge finds probable cause to hold Trump officials in contempt over alien act deportations

Judge also warned he could name independent prosecutor if White House stonewalled contempt proceedingsUS politics live – latest updatesA federal judge ruled on Wednesday that there was probable cause to hold Trump officials in criminal contempt for violating his temporary injunction that barred th...

16/04/2025 18:50 The Guardian
Man charged in fire at Pennsylvania governor Josh Shapiro’s mansion voiced Palestine support

Cody Balmer faces terror and arson charges after fire and 911 call voicing pro-Palestinian viewsThe man charged with setting fire to the Pennsylvania governor’s mansion called emergency responders after the attack and made comments signaling support for Palestinians, the New York Times reports.Acc...

16/04/2025 18:47 The Guardian
UK officials label trade documents ‘secret’ to shield from US eyes amid Trump tariff war

Exclusive: civil servants beef up security rules for sensitive negotiating papers over fears posed by hostile US trade policyUK officials are tightening security when handling sensitive trade documents to prevent them from falling into US hands amid Donald Trump’s tariff war, the Guardian can reve...

16/04/2025 18:00 The Guardian
Ringleaders of attacks on French jails will be punished, Macron says

Wave of assaults ‘declaration of war’ by drug gangs after crackdown on bosses operating from jail, French media sayEmmanuel Macron has warned that those behind a wave of apparently coordinated attacks on French prisons and staff will be “found, tried and punished”.The president’s comments...

16/04/2025 17:31 The Guardian
California launches legal challenge against Trump’s ‘illegal’ tariffs

Governor says import tariffs are ‘wreaking chaos’ on the state’s families, businesses and economyCalifornia is preparing to ask a court to block Donald Trump’s “illegal” tariffs, accusing the president of overstepping his authority and causing “immediate and irreparable harm” to the...

16/04/2025 16:16 The Guardian
Trump tariffs will send global trade into reverse this year, warns WTO

World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’Donald Trump’s tariffs will send international trade into reverse this year, depressing global economic growth, the World Trade Organization has warned.In its latest snapshot of the global trad...

16/04/2025 15:57 The Guardian
Council plans legal action over ancient London oak felled by Toby Carvery

Enfield council disputes restaurant chain’s claim 500-year-old tree in Whitewebbs Park was ‘mostly dead’ Toby Carvery has been threatened with legal action by a council over the felling of an ancient oak in a park in north London.The restaurant chain is facing national outrage after its decisi...

16/04/2025 15:36 The Guardian
Hungary ‘rapidly going in wrong direction’, EU lawmakers warn after visit – as it happened

Delegation of European parliament lawmakers raise concerns about ‘number of worrying developments’ concern country’s compliances with EU valuesUS state secretary Marco Rubio and White House envoy Steve Witkoff will visit France in the coming days, the French government’s spokesperson Sophie...

16/04/2025 14:55 The Guardian
Members of leading British Jewish body condemn Israel’s latest actions in Gaza

Signatories from Board of Deputies say in open letter that ‘Israel’s soul is being ripped out’ and they ‘cannot turn a blind eye’ to loss of lifeMembers of the Board of Deputies, the largest body representing British Jews, have said they can no longer “turn a blind eye or remain silent...

16/04/2025 14:48 The Guardian
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 USDonald Trump’s tariff war is more likely to lead to price cuts than inflation for many retailers in the UK, according to the boss of WH Smith, as east Asian suppliers seek a...

16/04/2025 13:15 The Guardian
China trade war poses threat to US arms firms’ rare earths supply, analysts warn

Chinese restrictions could affect more than a dozen defence and aerospace firms and give Beijing ‘crucial advantage’America’s advanced weapons manufacturers are likely to face a critical shortfall of key rare-earth minerals that they import from China as a consequence of Donald Trump’s escal...

16/04/2025 12:44 The Guardian
Bridget McKenzie admits she was wrong to claim Russia and China want Albanese to win election

Coalition frontbencher walks back claim that Russian defence minister and Chinese leader had said publicly they did not want Peter Dutton as prime minister Election 2025 live updates: Australia federal election campaignPolls tracker; election guide; full federal election coverageAnywhere but Canberr...

16/04/2025 12:11 The Guardian
Dutton admits he made mistake on Indonesia in ABC leaders’ debate as Albanese evasive on electricity prices

Opposition leader also says ‘I’ll let scientists pass that judgment’ when asked if climate change impacts getting worse in second showdownPolls tracker; election guide; full federal election coverageAnywhere but Canberra; interactive electorates guideListen to the first episode of our new narr...

16/04/2025 11:40 The Guardian
Romania promises laws to deal with brown bears as population estimate doubles

Country may be home to as many as 13,000 bears, the highest total by far in Europe outside RussiaRomania may be home to as many as 13,000 brown bears, almost twice as many as previously thought, the country’s forestry research institute has said, as officials promised new laws to allow communities...

16/04/2025 11:32 The Guardian
Trump has put Christian nationalists in key roles – say a prayer for free speech

Experts warn that a specific brand of Christianity will be prioritized and lead to a ‘further dismantling’ of institutionsThe Trump administration’s promotion of white Christian nationalists and prosperity gospel preachers to key government roles will lead to the “further dismantling of gove...

16/04/2025 11:00 The Guardian
Trump and Musk taking ‘hatchet’ to social security, says Biden | First Thing

Former president accuses Trump in first speech since leaving office. Plus, deadly Israeli strike hits second Gaza hospital this weekGood morning.In his first speech since leaving the White House, Joe Biden accused Donald Trump and Elon Musk yesterday of “taking a hatchet” to social security, whi...

16/04/2025 10:57 The Guardian
More than £2bn wiped from value of UK distributor amid Trump tariff uncertainty

Shares in Bunzl, which provides everyday goods for other firms, plunge more than 25%Business live – latest updatesGrowing uncertainty over Donald Trump’s tariffs has wiped more than £2bn from the value of one of the UK’s biggest listed businesses, sending shares in the paper cups to plastic b...

16/04/2025 10:17 The Guardian
Good news on UK inflation may be short-lived amid trade war and rising household bills

Worsening global outlook makes ‘gradual and careful’ approach on interest rates by Bank of England more difficultUK inflation falls to 2.6%, increasing pressure on Bank to cut interest ratesBusiness live – latest updatesCooling inflation, resilient wage growth, and an economy outperforming exp...

16/04/2025 08:25 The Guardian
Lambie says Russia-Indonesia matter ‘overblown’ by Dutton – as it happened

This blog is now closed‘Let Rome burn’: Coalition MP says allowing blackouts the only way to turn voters off renewable energyAnywhere but Canberra: Australian voters on what matters to themInteractive guide to electorates in the Australian electionListen to the latest episode of our new narrativ...

16/04/2025 08:06 The Guardian
Reeves says inflation fall shows ‘plan for change is working’ – UK politics live

Chancellor says wages are growing faster than prices but acknowledges many are still struggling with the cost of livingThe Liberal Democrats have also remarked on the latest inflation figures, with Treasury spokesperson Daisy Cooper warning Rachel Reeves about complacency and calling for enhanced ec...

16/04/2025 08:05 The Guardian
UK inflation falls to 2.6%, increasing pressure on Bank to cut interest rates

March annual rate comes before expected rise because of household bills going up this monthAnalysis: Good news on UK inflation may be short-lived amid trade war and rising household billsBusiness live – latest updatesUK inflation dropped to 2.6% in March, increasing the pressure on Bank of England...

16/04/2025 07:33 The Guardian
Joe Biden accuses Trump and Musk of taking ‘hatchet’ to social security

In first speech since leaving office, ex-president spoke of ‘destruction’ current administration has wroughtJoe Biden on Tuesday accused Donald Trump and his billionaire lieutenant, Elon Musk, of “taking a hatchet” to the social security administration as they moved at warp-speed to dismantl...

16/04/2025 01:07 The Guardian
Democratic senator heads to El Salvador to try to visit Kilmar Ábrego García

Chris Van Hollen warns of ‘constitutional crisis’ and says he hopes to report back to family on Maryland man’s conditionDemocratic senator Chris Van Hollen of Maryland will travel to El Salvador on Wednesday and attempt to visit Kilmar Ábrego García, a constituent whose deportation and incar...

16/04/2025 00:18 The Guardian
Russia jails four journalists for alleged links to Alexei Navalny anti-corruption group

Court hands out sentences of over five years for extremism, accusing journalists of working for the late politician’s Anti-Corruption FoundationA Russian court has convicted four journalists of extremism for working for an anti-corruption group founded by the late opposition leader Alexei Navalny...

15/04/2025 19:10 The Guardian
UK conference on Sudan fails to set up contact group for ceasefire talks

Major setback for diplomatic efforts to end two years of civil war as Arab states refuse to sign joint communiqueA British-led attempt to establish a contact group to facilitate ceasefire talks in Sudan fell apart on Tuesday when Arab states refused to sign a joint communique after a conference in L...

15/04/2025 18:17 The Guardian
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