Rachel Reeves pulls out of London Stock Exchange event after new Trump tariff threat
Rachel Reeves has pulled out of a planned appearance at the London Stock Exchange to celebrate a “new golden age” for the City, after Donald Trump’s threat to implement tariffs until the US is allowed to buy Greenland.The chancellor’s withdrawal from the event, which was designed to be a celebration of business in the UK after the FTSE 100 rose above the 10,000 mark for the first time, came as markets opened down on Monday morning after the US president’s threat.In the UK, the FTSE 100 fell 0.4% after stock markets fell overnight in Asia as investors turned to safe-haven assets such as gold and silver.France’s Cac 40 fell by 1.
6%, Germany’s Dax was down by 1,4% and Spain’s Ibex 35 fell nearly 1% in early trading,The Treasury confirmed Reeves would not attend the event at the stock exchange in the City,Reeves instead attended a press conference with Keir Starmer, at Downing Street on Monday morning, where the prime minister said the dispute with Trump’s US over Greenland must be resolved through “calm discussion between allies”,The event at the exchange went ahead without Reeves, fronted by Julia Hoggett, the chief executive of the LSE, with ticker tape showering the financial hub as the market opened.
On Saturday, Trump threatened a 25% tariff on eight European countries – Denmark, Germany, France, the Netherlands, Finland, Sweden, Norway and the UK – until the US is allowed to purchase Greenland.Trump said he would impose a 10% tariff on the eight nations beginning 1 February, “on any and all goods sent to the United States of America”, with an increase to 25% on 1 June.“There will be hundreds of different opinions on how this will all pan out but remember that the tariffs announced on ‘liberation day’ were ultimately softened a week later,” said analysts at Deutsche Bank.“That said, as it stands the tariff threats are real, and would be economically and geopolitically damaging.”In the US, markets will be closed on Monday for Martin Luther King Jr Day.
Australian Open 2026: Djokovic wins 100th Melbourne match, Swiatek survives scare – as it happened
Righto, that’s us done for today. Thanks all for your company, and we’ll be back tomorrow for more love and joy – join Katy Murrells for a bit of Sinner v Gaston, Osaka v Ruzic, Boulter v Bencic and Mochizuki v Tstisipas, with hopefully some Dimitrov v Machac thrown in. Peace.Muller, who turned around a fifth-set break, says it was easy as Popyrin served really well. He tried to concentrate and play his own game but the crowd were against him so it wasn’t easy
‘I don’t want to be a punching bag’ – dramatic day at Australian Open marred by retirements
“I’ve honestly got no bloody clue what happened after that point in the match,” said Francesca Jones as she fought back tears. Jones had been battling hard on court 15 at Melbourne Park, chasing her first grand slam main-draw win at the fifth attempt, when she slipped and fell. She instantly felt a tear in her glute muscle. Jones soon had no choice but to retire from her Australian Open first-round match while trailing 6-2, 3-2 to Linda Klimovicova, a 21-year-old Polish qualifier.“I’m at a career high,” Jones said
Indiana's rise to CFP final is a tale for our topsy-turvy times
We are living in upside down times. Kim Kardashian advocates for prison reform as the American government spams out cartoonish memes promoting mass deportation and detention. Dave Chappelle – flaws aside – is more trusted to interpret the news than CBS’s Tony Dokoupil. The selection committee behind college football’s playoff somehow put together a compelling tournament without inciting the usual torrent of backlash, and the team raising the trophy at the end could well wind up being Indiana. And, no, that’s not a typo
The pass of the century then brutal reality: the football gods won’t let the Bears have nice things
Caleb Williams pulled off a miracle against the Rams and Chicago looked destined for the Super Bowl. The hope wouldn’t last longA playoff game often pivots on a single moment. The Bears thought they had theirs. Down a score, driving to keep the game alive, the Bears had the ball on the Rams’ 14-yard line. Fourth down
Storm Hunter breaks new ground with winning return to Australian Open
A first round victory at the Australian Open on Monday brought joy to Storm Hunter, but she has found a deeper motivation in achieving something nobody else – she believes – has done in world tennis.The 31-year-old defeated Spain’s Jessica Bouzas Maneiro 6-4, 6-4 in 87 minutes on Kia Arena on Monday, surging back from a break down in both sets.Winning a grand slam match is one thing. Doing it with a surgically repaired achilles tendon is something else.“To come back from an achilles rupture, I don’t know anyone who has done it in tennis,” Hunter said afterwards, about an injury that has become surmountable in basketball and football but still represents a career-ending threat in tennis
Alex de Minaur eases into Australian Open second round with routine win over lucky loser
A reflective Alex de Minaur has declared he will no longer be satisfied by leaving grand slams without a trophy under his arm after his first round victory at the Australian Open, and he took to task those who call players “greedy” for seeking a greater share of tennis revenues.The No 6 seed beat American Mackenzie McDonald 6-2, 6-2, 6-3 in the first round on Rod Laver Arena on Monday afternoon, finding valuable rest for his legs after just 108 minutes of play.He has already cast his mind deep into next week, even if he hasn’t made a grand slam semi-final before. “The way I’m feeling at the moment is that I’ve gotten to a stage where I’m not just another number in this draw,” he said. “I’m playing to win it and be one of those guys in contention
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