The economic costs of Trump’s assault on the global order
America is trying to undo the very system of open trade that it created
Read more at Financial Times
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Trump’s latest DOGE order aims to cut costs through federal contracts, travel
President Trump on Wednesday signed an executive order directing agency leaders to work with staff from the Department of Government Efficiency (DOGE) to cut costs through contracts, employee ...The Hill - 5d -
Home price growth has slowed. But high costs, economic worries have some buyers retreating
High prices and economic uncertainty are factors pulling homebuyers back out of the housing market, experts say.CNBC - Feb. 20 -
Trump's tariffs risk economic turbulence - and voter backlash
Trump is making a high-stakes bet that could either reap major political dividends, or seriously undercut his second term.BBC News - 19h -
Trump Administration Ends Global Health Research Program
The Demographic and Health Surveys were the only sources of reliable information in many countries on metrics such as mortality, nutrition and education.The New York Times - 5d -
FirstFT: Trump tariffs hit global stock markets
Also in today’s newsletter, US suspends Ukraine military aid and global government borrowing set to hit recordFinancial Times - 10h -
Trump’s assault on aid sparks chaos in east Africa’s relief hub
Kenya’s economy and healthcare system are reeling from president’s bid to shut down USAIDFinancial Times - Feb. 23 -
We don't want a pro-Russia Germany: Why AfD is a danger to the global order
Should an AfD-led Germany withdraw from NATO, the alliance would surely collapse, as would an EU without Germany. Instead, a German-Russian alliance would fill Europe’s security vacuum and dominate ...The Hill - 4d -
Swiss Re expects L.A. wildfires to cost the global insurance industry $40 billion, making them the costliest U.S. fires ever
Swiss Re said that its losses from the Los Angeles wildfires would come in under $700 million and that it had no plans to “pull back” from California.MarketWatch - 5d -
Trump’s threatened 25% tariffs on EU imports could trigger ‘economic turmoil’
US president’s plan could prove to be an economic shock to both blocs, German thinktank says. Business live – latest updates Donald Trump’s threatened 25% tariffs on EU imports could trigger ...The Guardian - 5d
More from Financial Times
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US car workers union calls tariffs ‘powerful tool’ to help blue-collar workers
Investors fret that aggressively protectionist trade policy will hurt economyFinancial Times - 28m -
BlackRock to buy Panama Canal ports after pressure from Trump
Deal worth $22.8bn involves sale of bulk of those owned by Hong Kong-based conglomerate CK HutchisonFinancial Times - 4h -
Trump’s heist in broad daylight
Having previously declared bitcoin to be a ‘scam’, the US president now wants to add it to the Fed’s balance sheetFinancial Times - 8h -
Vance criticised after comments on UK-French peacekeeping plan
US vice-president said deal unlikely to be secured by ‘some random country that hasn’t fought a war in 30 or 40 years’Financial Times - 2h -
Germany’s Merz strikes ‘game-changing’ deal to boost defence spending
Chancellor-to-be’s moves to relax debt brake marks historic shift in country’s conservative approach to borrowingFinancial Times - 11m
More in Business
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Stagflation fears bubble up as Trump tariffs take effect and the economy slows
A growth scare in the economy has accompanied worries over a resurgence in inflation, threatening to potentially rekindle stagflation.CNBC - 6m -
Mexico Gave Trump Much of What He Wanted. Tariffs Came Anyway.
President Claudia Sheinbaum of Mexico took steps sought by President Trump, including sending troops to the border and cracking down on drug cartels. The tariffs went into effect anyway.The New York Times - 9m -
How Retaliatory Tariffs by China, Canada and Mexico Could Harm American Farmers
Trade wars during President Trump’s first term slashed billions of dollars in U.S. agricultural exports. Farmers and trade groups expect an even bigger hit this time.The New York Times - 10m -
Germany’s Merz strikes ‘game-changing’ deal to boost defence spending
Chancellor-to-be’s moves to relax debt brake marks historic shift in country’s conservative approach to borrowingFinancial Times - 11m -
CFPB drops lawsuit against JPMorgan Chase, Bank of America and Wells Fargo over Zelle fraud
Since Acting Director Russell Vought has taken over the CFPB, the agency has dropped at least a half dozen cases brought by his predecessor, Rohit Chopra.CNBC - 17m