Trump’s new global tariffs kick in at 10% – business live
Rolling coverage of the latest economic and financial newsTrump’s new global 10% tariff is being applied under Section 122 of the 1974 Trade Act, which allows the president to impose the charge for 150 days without congressional approval.The president has used this approach after the supreme court ruled that he had violated an emergency-powers law to enact his “reciprocal” tariffs on imported goods from countries around the world.We want to have clarity from the US that they are respecting the deal because that’s a crucial element.”At the moment the rate is 10% with White House officials stating that they are working on a formal order to raise to 15%. Perhaps the stacking concern is delaying things for now. Late yesterday, we also saw the WSJ and Bloomberg report that the administration was preparing new Section 232 national security investigations into several industries including batteries, telecom equipment and industrial chemicals.Remember that Trump’s delivering the State of the Union address tonight, so it’s possible we might get a better sense of the next steps on tariffs…net-net we still think the effective tariff rate will fall this year and that the world post-SCOTUS will see lower tariffs than the pre-SCOTUS world. Continue reading...
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Tammy Shipley remembered as loving mother who picked tomatoes for her family at inquest into her death
The 47-year-old died while on remand at Silverwater women’s correctional centre in 2022 for minor shoplifting chargesGet our breaking news email, free app or daily news podcastWarning: This article contains reference to an Indigenous Australian who has diedTammy Shipley was a loving and joyful mother who adored her five children and two grandchildren, creating TikTok videos and picking tomatoes for her grandchildren from her garden, an inquest has heard.Shipley, 47, died while being held on remand at Silverwater women’s correctional centre in New South Wales on 20 December 2022, after being arrested on minor shoplifting charges. Continue reading...
Violence Ebbs but Mexico Remains on Edge After Killing of Cartel Boss
Many residents and tourists stayed indoors a day after a military raid targeted a leader known as El Mencho, setting off violence across the country. Officials said at least 62 people died in the operation and its aftermath.
Mexican Forces Say They Tracked El Mencho to Cabin by Following His Lover
Top security officials revealed details of the operation that led to the death of Mexico’s most wanted drug cartel leader.
'Anyone who runs is shot': Watch Russian soldiers describe killings of troops who refuse orders
The men, who are on the run, told of the horrors they witnessed on the Russian side of the front lines in Ukraine.
Hong Kong conglomerate says Panama Canal ports seized by authorities
CK Hutchison says the Panama government now has 'administrative and operational control' of its two ports.
Police AI chief admits crime-fighting tech will have bias but vows to tackle it
Exclusive: NCA’s Alex Murray says he hopes new £115m police AI centre can limit unfairness found in tools‘It’s not Robocop’: UK police embrace AI ‘efficiency’ in complex investigationsA police chief has admitted artificial intelligence used to boost crime fighting will contain bias but pledged to combat the risks.Labour wants a dramatic expansion of police use of AI within England and Wales, with police chiefs also believing it could help keep law enforcement up to date with new criminal threats. Continue reading...
France restricts US ambassador’s access to officials after summons no-show
US Ambassador sends embassy official in his place, his second time to skip a summons from the French Foreign Ministry.
Kashmir, spying, demolitions: How Modi’s India embraced ‘Israel model’
As India under Modi openly embraces Israel, New Delhi appears to import more than just weapons.
Tuesday briefing: The long and winding road of war in Ukraine, as the human cost mounts
In today’s newsletter: how the war looks from inside the country four years on – and what the west’s audience and leaders still misunderstandGood morning. Today marks four years since Russian tanks first rolled towards Kyiv as Vladimir Putin launched the full-scale invasion of Ukraine – a war he insisted on calling a “special military operation”. The initial assault was repelled, almost certainly to his surprise, and Volodymyr Zelenskyy’s government remained intact to marshal the nation’s defences.What followed has been widely perceived as a grinding war of attrition. While Russia has made incremental advances across territory it had already destabilised through Moscow-backed separatist republics, Ukraine has been subjected to a relentless aerial assault on its infrastructure – one that western support, from sanctions to air-defence systems and fighter jets, has not been able to halt. Peace initiatives – with varying degrees of sincerity – have come and gone.Peter Mandelson| Peter Mandelson has been arrested and released on bail by detectives investigating claims he committed misconduct in public office during his friendship with Jeffrey Epstein.Education | Hundreds of thousands fewer children with special educational needs and disabilities (Send) will be given education, health and care plans (EHCPs) as a result of long-awaited changes announced by the education secretary.UK politics | Reform UK’s plan to create an ICE-style deportation agency has been condemned as “sadistic”, after the party’s home affairs spokesperson vowed to face down “progressive outrage”.Media | The BBC has issued a new apology for its handling of an incident at the Bafta film awards which saw the N-word broadcast during BBC One coverage of the ceremony and remain overnight on BBC iPlayer.Iran | Donald Trump’s decision to order airstrikes against Iran will hinge in part on the judgment of Trump’s special envoys, Steve Witkoff and Jared Kushner. Continue reading...