A hotel firm has raked in £700 million of taxpayer money a year by housing asylum seekers. Stay Belvedere Hotels Ltd houses 38,000 people across 210 sites, at a cost of £5.5 million a day.Some of...
California passes Japan as fourth largest economy33 minutes agoChristal HayesBBC News, Los AngelesPeter HoskinsBBC News, SingaporeGetty ImagesCalifornia's economy has overtaken that of the country of...
China tells Trump: If you want trade talks, cancel tariffs52 minutes agoGetty ImagesChina has called on the US to cancel its sweeping tariffs on Chinese goods entering the country as a sign that the...
Donald Trump has been warned by US supermarket giants that his trade tariffs could result in empty shelves. The chief executives of three of the United States' largest retailers, Home Depot, Target...
Ed Miliband's energy plan was torn to shreds in a car crash Sky News interview this morning. Mr Miliband insisted that taxing energy companies at 78%, rather than the usual corporate tax rate of 25%,...
BBC reporter asks Trump how Canada's election could influence tariffsAfter signing executive orders on Wednesday, US President Donald Trump answered a question from BBC reporter Bernd Debussman on...
UK could lower US car tariffs in push for trade deal14 minutes agoFaisal Islam & Tom Espiner & Esyllt CarrEconomics editor & Business reporters, BBC NewsChancellor Rachel Reeves has...
Piers Morgan has taken aim at Chancellor Rachel Reeves in the wake of a brutal economic blowout, slamming her over a spiralling borrowing crisis. The outspoken broadcaster, 60, didn’t hold back,...
Trump says he has 'no intention of firing' Fed boss2 hours agoJoão da SilvaBusiness reporter, BBC NewsReutersUS President Donald Trump says he has "no intention of firing" Jerome Powell after...
Rachel Reeves is under fire for her handling of the economy yet again after a watchdog laid bare Britain’s growing debt problem. This morning the Office for National Statistics (ONS) confirmed that...
Government borrowing for financial year higher than expected11 minutes agoGetty ImagesThe government borrowed more than expected in the year to March due to increased spending on pay and benefits,...
Tech tycoon Elon Musk blamed attacks by the woke left for being sidelined in his role as US President Donald Trump’s key lieutenant. The world's richest man lapped up his role as a high-profile...
Why the IMF is worried about the economy - three things to knowThe International Monetary Fund has reported that the US economy will experience slower economic growth and higher prices, in part due...
Three more UK interest rate cuts this year, predicts IMF4 hours agoVishala Sri-PathmaBBC business reporterGetty ImagesThe Bank of England could cut interest rates three more times this year, as the...
Traditional high street hair salons face “devastation” as a result of Treasury decisions. The hike in National Insurance contributions, bigger business rate bills and increases in the minimum...
Rachel Reeves faces fresh humiliation over the economy after the International Monetary Fund downgraded Britain’s growth outlook. The IMF forecast growth of just 1.1% in 2025, 0.5% down from its...
A wave of outrage is sweeping across Wales as hundreds of second-home and holiday let owners are being hit with unexpected and crippling five-figure council tax bills. The charges come in the wake of...
US sets tariffs of up to 3,521% on South East Asia solar panels3 hours agoJoão da SilvaBusiness reporter, BBC NewsGetty ImagesThe US Commerce Department has announced plans to impose tariffs of up...
US stocks and dollar plunge as Trump attacks Fed chair Powell2 hours agoNatalie ShermanBusiness reporter, BBC NewsReporting fromNew YorkGetty ImagesUS stocks and the dollar plunged again as President...
Kemi Badenoch has claimed to have achieved an end to infighting within the Tory Party, contrasting her leadership to Nigel Farage ‘losing 20% of his MPs’ since the general election. Being grilled...