Anne Harper obituary
France avoids recession as economy returns to growth; UK house prices drop – business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.It’s a massive day for GDP data, as growth figures from across the Eurozone – and then North America – are released through the day.They’ll give us an insight into how the world economy fared in the first quarter of this year, a time dominated by Donald Trump’s second presidency, and the trade war that sent ripples around the globe.And France has got us up and running, with new data showing that its economy has avoided falling into recession.French GDP rose by 0
The grass is not always greener on US stock markets
Donald Trump is doing an excellent job of demonstrating that US stock markets don’t always outperform European ones.On-off tariff wars, threats to fire the head of the Federal Reserve and general unpredictability have prompted a reappraisal of boring old Europe. The S&P 500 is down 6% this year, versus a gain of 2.5% for FTSE 100 index and a 3% improvement in the pan-European Stoxx Europe 600. The differences aren’t enormous but they mark a reversal from recent years
White House calls Amazon ‘hostile’ for reportedly planning to list tariff costs
The White House accused Amazon of committing a “hostile and political act” after a report said the e-commerce company was planning to inform customers how much Donald Trump’s tariffs would cost them as they shopped.The press secretary, Karoline Leavitt, was responding to a report in Punchbowl News, which, citing a person familiar with the matter, reported that Amazon would begin displaying on its site how much the tariffs had increased the prices of individual products, breaking out the figure from the total listed price.“Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” Leavitt asked during a press briefing.Trump himself called Jeff Bezos, Amazon’s billionaire founder, shortly after the report published to complain about the change, according to multiple reports.Amazon’s online marketplace has seen prices rise across the board since Trump announced sweeping tariffs at the start of April, particularly on China, where many products listed on Amazon
Can US monopoly laws rein in Silicon Valley?
The European Union fined Apple and Meta hundreds of millions of dollars last week.My colleague Jennifer Rankin reports:The European Commission has fined Apple €500m (£429m) and Meta €200m for breaking rules on fair competition and user choice, in the first penalties issued under one of the EU’s landmark internet laws.The fines under the EU Digital Markets Act (DMA), which is intended to ensure fair business practices by tech companies, are likely to provide another flashpoint with Donald Trump’s administration, which has fiercely attacked Europe’s internet regulation.The Trump administration was indeed quick to rebuke the fines: a national security council spokesperson told Politico that the EU’s moves were a “novel form of economic extortion” that “will not be tolerated by the United States”.Interesting, too, is that while the penalties are no small amount of money, their impact likely pales in comparison to the scrutiny the tech companies are facing in the US
Record crowds drive strong finances with Netball Australia on road to being debt free
Netball Australia has pledged to be debt free by 2027 thanks to the financial uplift from hosting that year’s World Cup, as it sets out a 10-year plan to ensure it remains the country’s most popular team sport for women and girls amid increasing competition from football.The organisation reported a surplus of $0.65m for 2024 – up from $0.26m in 2023, and its highest since 2012 – and long-term debt of $3m, a decrease of $1.2m on the previous year
Next Wallabies coach Les Kiss: a mongrel mix of league and union, coach and strategist
Les Kiss was an injured rugby league winger looking down the barrel of retirement and a day job flogging poker machines when the idea of a career in coaching struck. The art of gelling many disparate personalities into one united team intrigued him. “On the sideline I saw the game differently,” he realised. “I started thinking deeply.”The ex-North Sydney Bear turned Queensland Reds boss has plenty to think on now, having been appointed as Wallabies coach from mid-2026
Amazon denies planning to publish tariff costs on main site, as White House blasts ‘hostile and political’ act – as it happened
Spain and Portugal power outage: what caused it, and was there a cyber-attack?
HSBC sets aside more cash for bad loans amid Trump tariff war
Primark owner’s shares drop as sales fall amid Trump tariff fears
Adidas warns Trump tariffs will put up US shoe prices
Macquarie ‘very proud’ of Thames Water ownership despite loading it with debt