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HSBC sets aside more cash for bad loans amid Trump tariff war

29/04/2025 06:59 The Guardian

UK-based bank warns that trade tensions will lead to lower investment, consumer spending and GDP growthBusiness live – latest updatesHSBC has sounded the alarm about the impact of higher trade tariffs on economic growth, unemployment and inflation around the world, as it set aside more money to cover bad debts and reported lower profits.The UK-based bank reported a $200m (£149m) rise in expected credit losses to $900m in the first quarter, as it increased allowances to “reflect heightened uncertainty and deterioration in the forward economic outlook due to geopolitical tensions and higher trade tariffs”. Continue reading...

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Trump administration to investigate Harvard Law Review for ‘race-based discrimination’

Education department claims that article selection process ‘appears to pick winners and losers on the basis of race’The Trump administration said it would investigate whether Harvard University and the student-run journal, the Harvard Law Review, violated civil rights law when editors of the pre...

29/04/2025 13:53 The Guardian
Primark owner’s shares drop as sales fall amid Trump tariff fears

Company says consumer confidence could deteriorate further as countries face risk of recessionBusiness live – latest updatesShares in the owner of Primark fell after the budget clothing chain posted a sharp drop in UK sales and lost market share, as the company warned that consumer confidence was...

29/04/2025 13:48 The Guardian
Climate plan based on phasing out fossil fuels doomed to fail, says Tony Blair

Former PM claims net zero policies losing public support and says there should be greater focus on carbon captureUK politics live – latest updatesTony Blair has warned that any strategy based on phasing out fossil fuels in the short term or limiting consumption is doomed to fail.Calling for a rese...

29/04/2025 13:42 The Guardian
Donald Trump to mark 100 days in office with Michigan rally – US politics live

US president expected to hail avalanche of orders and policies as Mark Carney marks election victory in Canada with warning that ‘America wants our land’100 days of Trump: interactive look at second term so farTrump has posted on Truth Social about the first 100 days of his second term, calling...

29/04/2025 13:26 The Guardian
Adidas warns Trump tariffs will put up US shoe prices

Company had strong first quarter but says it cannot raise outlook for this year owing to tariffs uncertaintyAdidas has said the price of its popular trainers, including the Samba and Campus models, is likely to rise as a result of Donald Trump’s tariffs.The German group said the uncertainty around...

29/04/2025 13:12 The Guardian
Drugmaker AstraZeneca shifts more production to US amid Trump tariffs

UK and rest of Europe risk losing out to US and China unless they ramp up spending on new medicines, says CEO Pascal SoriotBusiness live – latest updatesAstraZeneca said it was shifting the production of some medicines sold in the US from Europe to the US, to counter the impact of Donald Trump’s...

29/04/2025 11:49 The Guardian
UK supermarkets spend hundreds of millions on promotions in price war

Nearly 30% of total spending by biggest chains over four weeks was on special offers and discounts, says KantarBusiness live – latest updatesSupermarkets are spending hundreds of millions of pounds on promotional deals for shoppers, as the grocery price war ramps up.Together, nearly 30% of total s...

29/04/2025 10:23 The Guardian
Nine journalist Nick McKenzie allegedly told of Ben Roberts-Smith’s ex-wife’s planned legal action

Roberts-Smith argues his unsuccessful defamation case against McKenzie and Nine newspapers should be retried because of a ‘miscarriage of justice’Get our afternoon election email, free app or daily news podcastThe Nine journalist Nick McKenzie was told about a legal action Ben Roberts-Smith’s...

29/04/2025 09:57 The Guardian
Tories are ‘gifting’ Runcorn to Reform, Labour says, as Badenoch claims bad local election result won’t be down to her – UK politics live

Labour chair Ellie Reeves says the Tories are doing nothing on the ground in Runcorn as Kemi Badenoch defends approachSteven Morris is a Guardian reporter covering the west of England and Wales.The future generations commissioner for Wales, Derek Walker, has warned that the country is not on target...

29/04/2025 09:36 The Guardian
PM takes aim at Max Chandler-Mather while campaigning in Brisbane – as it happened

This blog is now closed‘Pure culture-war stuff’: Turnbull and Wyatt criticise Dutton’s welcome to country commentsAnywhere but Canberra: Australian voters on what matters to themPolls tracker; Election guide; Interactive seat explorerParty policies; Micro parties explained; Full election cover...

29/04/2025 07:55 The Guardian
‘Pure culture-war stuff’: Turnbull and Wyatt criticise Dutton’s welcome to country comments

First Indigenous Australian to serve as federal minister says ‘to politicise it just adds to the division’Election 2025 live updates: Australia federal election campaignGet our afternoon election email, free app or daily news podcastFormer Liberal prime minister Malcolm Turnbull has dismissed Pe...

29/04/2025 07:54 The Guardian
Five UK museums ‘alive with ideas and energy’ shortlisted for Art Fund prize

Museums in Belfast, Cardiff, Perth, Warwickshire and County Durham compete for £120,000 Art Fund Museum of the Year awardFive UK museums, all “alive with ideas and energy”, in Belfast, Cardiff, Perth, Warwickshire and County Durham are to compete for the world’s largest prize given to a museu...

29/04/2025 07:30 The Guardian
UK and EU defy Trump with new strategic partnership to boost trade and security

Officials draft declaration to help tackle ‘fluctuations’ in world economyThe UK and the EU have outlined a “new strategic partnership” aimed at bolstering trade and presenting a united European front in Ukraine in defiance of Donald Trump’s threat to upend decades of transatlantic alignme...

29/04/2025 06:37 The Guardian
Canada’s liberal party, led by Mark Carney, secures election victory after dramatic reversal of fortune

Party written off months ago secures fourth term in stunning comeback after Donald Trump’s threats boosted campaignResults trackerJoy for Liberals: follow the election results liveCanada’s Liberal party has won a fourth term, capping a miraculous political resurrection for the party – and mark...

29/04/2025 06:19 The Guardian
Tuesday briefing: How Trump’s threats to Canada led to a Liberal victory

In today’s newsletter: Mark Carney has pulled off an astonishing turnaround in his party’s fortunes. How did he do it – and what can progressives learn from his victory?Good morning. At the beginning of the year, Canada’s Conservatives had a 25-point lead over the Liberal government, and the...

29/04/2025 06:00 The Guardian
Thousands of playing fields ‘may be lost’ if Sport England stripped of planning role

Campaigners warn against removing group as statutory consultee as part of plan to speed up building new homesThousands of playing fields could be lost to housing if the government strips Sport England of its role in national planning policy, campaigners have warned.As part of the national planning a...

29/04/2025 05:00 The Guardian
Labour’s benefit cuts will cost UK economy billions, charity says

Trussell report finds that higher levels of poverty mean Britain is losing out on £38bn a year of potential outputKeir Starmer has been warned that Labour’s tough stance on benefits is costing Britain’s economy billions of pounds each year while adding to the pressure on public services by push...

29/04/2025 05:00 The Guardian
Drinking champagne could reduce risk of sudden cardiac arrest, study suggests

Maintaining a positive mood and eating more fruit may also help lower risk, researchers findDrinking champagne, eating more fruit, staying slim and maintaining a positive outlook on life could help reduce the risk of a sudden cardiac arrest, the world’s first study of its kind suggests.Millions of...

29/04/2025 04:05 The Guardian
‘The eighth wonder of the world’: China’s terracotta warriors to march on Australia for blockbuster show

Perth will host huge exhibition of ancient treasures from first emperor’s tomb in June, with 40% of the artefacts leaving China for the first time everGet our weekend culture and lifestyle emailTwo thousand years ago, in a bid to conquer death itself, China’s first emperor Qin Shi Huang commissi...

29/04/2025 03:30 The Guardian
Trump signs orders stepping up immigration crackdown and ‘unleashing America’s law enforcement’ – as it happened

This blog has now closed. You can read more of our US politics coverage hereHere is an extract from The Atlantic’s piece on Trump’s first 100 days – in an interview secured after initially being canceled by the president over previous reporting from the journalists, who then reached the presid...

29/04/2025 02:12 The Guardian
Trump’s first 100 days supercharged a global ‘freefall of rights’, says Amnesty

World now in era of repressive regimes’ impunity, climate inaction and unchecked corporate power, says reportThe first 100 days of Donald Trump’s presidency have “supercharged” a global rollback of human rights, pushing the world towards an authoritarian era defined by impunity and unchecked...

28/04/2025 23:01 The Guardian
Iberian peninsula power cut: King Felipe to chair national security council meeting in Madrid – as it happened

This blog has now closed. You can read our latest wrap of developments here.We are just getting a line from Reuters news agency saying that the Conclave to elect new pope will start on 7 May, according to its source.We have not independently verified this report. Continue reading...

28/04/2025 23:00 The Guardian
Elon Musk’s Doge conflicts of interest worth $2.37bn, Senate report says

Committee calls figure a ‘conservative estimate’ and warns Musk may seek to use his influence to avoid legal liabilityElon Musk and his companies face at least $2.37bn in legal exposure from federal investigations, litigation and regulatory oversight, according to a new report from Senate Democr...

28/04/2025 20:51 The Guardian
Trump promised peace but brings rapid increase in civilian casualties to Yemen | Dan Sabbagh

Escalation from US military suggests previous restraints on causing civilian casualties have been relaxed“I am the candidate of peace,” Donald Trump declared on the campaign trail last November. Three months into his presidency, not only is the war in Ukraine continuing and the war in Gaza resta...

28/04/2025 18:36 The Guardian
M&S betting on customer patience as cyber-attack threatens to ruin 2025’s strong start

Fashion revival and warm weather had boosted the retailer – but the attack has halted website salesWhen will orders be back, and is my data at risk?Marks & Spencer pauses delivery of some food items to OcadoMarks & Spencer was enjoying a strong start to 2025 thanks to a fashion revival and...

28/04/2025 17:39 The Guardian
M&S pauses deliveries of some food items to Ocado after cyber-attack

Some Marks & Spencer warehouse staff told not to go to work as website orders remain on hold for fourth day in a rowWhen will M&S orders be back, and is my data at risk?Marks & Spencer has been forced to pause deliveries of some packaged food items to the online grocery site Ocado as the...

28/04/2025 17:34 The Guardian
Friedrich Merz picks pro-Kyiv foreign minister and promises German support for Ukraine

Chancellor-designate vows to tackle Russian aggression and appoints Johann Wadephul, an ex-soldier, to key roleGermany’s chancellor-designate, Friedrich Merz, has promised to put staunch support of Ukraine at the heart of his government after announcing that a pro-Kyiv foreign policy expert and fo...

28/04/2025 17:32 The Guardian
Tens of millions across Spain and Portugal hit by huge power outage

Transport, ATMs and telecommunications all affected as operator blames extreme temperature variationsEurope live – latest updatesTens of millions of people across Spain and Portugal have been plunged into a huge power blackout blamed by the Portuguese operator on extreme temperature variations, le...

28/04/2025 17:19 The Guardian
Democrats in Congress warn cuts at top US labor watchdog will be ‘catastrophic’

Musk’s Doge targets National Labor Relations Board with cuts and terminated leases as union speaks outDemocrats have warned that cuts to the US’s top labor watchdog threaten to render the organization “basically ineffectual” and will be “catastrophic” for workers’ rights.The so-called...

28/04/2025 17:12 The Guardian
Canadians head to polls in election upturned by Trump

Liberals favored to beat Conservatives as US president issues fresh threats to annex CanadaCanada election – live updatesCanadians head to the polls in a federal election overshadowed by fury at Donald Trump’s threats to the country’s sovereignty and fears over his escalating trade war.In the...

28/04/2025 17:11 The Guardian
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