Jim Chalmers to call Trump’s tariffs ‘senseless’ and urge Australia to focus on resilience over retaliation | Australian economy

Jim Chalmers will warn Australia must focus on resilience over retaliation as the Trump administration overturns the rules that have governed the global economic order for the past four decades. Chalmers will deliver a major economic address in Brisbane at lunchtime on Tuesday, a week ahead of a budget where the Albanese government will spruik … Read more

China plans to ‘vigorously boost consumption’ to shore up economy | Chinese economy

China’s government has announced ambitious plans to “vigorously boost consumption” by putting up pay and reducing financial burdens, in its latest attempt to increase consumer confidence and lift its struggling economy. The plans, announced by the ruling Chinese Communist party’s (CCP) central committee and state council on Sunday, include aims to “promote reasonable wage growth” … Read more

Americans increasingly worried about tariffs despite Trump’s assurances, new poll shows | Trump tariffs

Americans are increasingly concerned about Donald Trump’s bid to overhaul the US economy with sweeping tariffs on foreign goods, according to an exclusive poll for the Guardian, despite the US president’s efforts to downplay the risks of his strategy. “Have no fear, we will WIN everything!!!” Trump wrote on Truth Social on Thursday, claiming that … Read more

Crispin Odey banned from City and handed £1.8m fine by FCA | Financial Conduct Authority

The hedge fund manager Crispin Odey will be banned from the City and hit with a £1.8m fine by the UK’s financial watchdog for deliberately attempting to “frustrate” a disciplinary process into sexual harassment allegations. The Financial Conduct Authority (FCA) said on Monday that Odey had shown “reckless disregard” for the governance of his hedge … Read more

Ed Miliband vows to engage with China on climate after Tory ‘negligence’ | Ed Miliband

Ed Miliband has accused the previous Conservative government of negligence for failing to engage with China on climate issues, as he travelled to Beijing for the UK’s first formal climate meetings since 2017. The secretary of state for energy security and net zero was in Beijing to announce a new annual UK-China climate dialogue. The … Read more

US evangelical groups urge Trump to spare HIV/Aids program from aid cuts | Trump administration

Christian evangelical organizations instrumental in creating the US program that has saved millions of lives from HIV/Aids are pressing the Trump administration to rescue the scheme from crushing cuts to foreign assistance. The state department has said that the two-decade-old President’s Emergency Plan for Aids Relief (Pepfar), which is estimated to have prevented 25m early … Read more

Starmer urged to introduce wealth tax instead of cutting disability benefits – UK politics live | Politics

Peter Walker has more from Diane Abbott’s interview on the Today programme this morning. Share Good morning. “You want me to cut £1bn. Shall I take £100 each off 10 million people, or £1,000 each off 1 million people?” The former Tory chancellor Ken Clarke is credited with coming up with this explanation of what … Read more

Tamil Nadu budget 2025, Pakistan train hijack, Ranya Rao gold smuggling case, and more: The week in 5 charts

(1) Key takeaways Tamil Nadu budget 2025 In its final full budget before the 2026 Assembly elections, the M.K. Stalin-led government sought to strike a balance by catering to its core voter base—women and government employees—while addressing key sectors of the economy. The budget has a total disbursement outlay of ₹4,39,293 crores, excluding public debt, … Read more