Blog

China has warned Donald Trump a new trade war "will leave no party unscathed" as the incoming US president's new tariff threats provoke an angry reaction.The response by the world's second-largest economy to Mr Trump's promise of additional 10% tariffs on all goods from China into the US, came via state media. "There are no winners in tariff wars. If the US continues to politicise economic and trade issues by weaponising tariffs, it will leave no party unscathed," the China Daily said in an editorial.Money latest: UK pension scheme slammed over Bitcoin investmentMr Trump announced late on Monday that he would also target neighbours Mexico and Canada. He pledged 25% tariffs on goods coming from both nations due to excessive migration.Mexico and China, however, are also in his sights for ano...

A ceasefire between Israel and Hezbollah has begun.Commencing at 2am UK time (4am local time) on Wednesday, the deal marks a notable step forward in diplomatic efforts in the region. Previously such talks had floundered and failed to produce results - until this week.Read more:Analysis: Dark clouds hang over Middle EastExplained: Israel-Hezbollah ceasefireThe deal, brokered by the US and France, was announced by President Joe Biden and will see an initial 60-day halt to the fighting that has claimed thousands of Lebanese lives and displaced over a million people. It will also allow tens of thousands of people both sides of the border to return home.Israel will gradually withdraw its forces from Lebanon as the Iranian-backed militant group Hezbollah leaves its positions in the region, and r...