Economy
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Trump’s tariffs are expected to raise consumer prices, but a key question remains: By how much?

The U.S. government is set to increase tariff rates on several categories of imported products. Some economists tracking these trade proposals say the higher tariff rates could lead to higher consumer prices. One model constructed by the Federal Reserve Bank of Boston suggests that in an “extreme” scenario, heightened taxes on U.S. imports could result…

Economy
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US House Democrat blasts Trump for using ‘antisemitism’ to attack universities

The representative Jerry Nadler of New York has slammed Donald Trump’s crackdown on American universities in the name of fighting antisemitism, saying that withholding federal funding from schools will “not make Jewish students safer”. In a statement issued on Tuesday, the Democratic representative said he condemned Trump’s “latest attacks on higher education cloaked under the…

Economy
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Rebel Energy goes bust leaving 90,000 customers without supplier

A UK energy supplier with about 90,000 customers has gone bust blaming a “perfect storm” of surging wholesale prices and squeezed customers, on the day households face another increase in gas and electricity bills. Rebel Energy, which serves around 80,000 households and 10,000 business customers, will cease trading immediately and leave the industry regulator to…

Economy
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Twenty-three states sue Trump administration over decision to rescind billions in health funding – live

Nearly two dozen states sue Trump administration over decision to rescind billions in health funding A group of Democratic-led states have sued the Trump administration over its decision to cut $11bn in federal funds that they were allocated during the Covid-19 pandemic. In the lawsuit, attorneys general and governors from 23 states and the District…

Economy
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US prosecutors to seek death penalty for Luigi Mangione

Federal prosecutors are seeking the death penalty against the man accused of fatally shooting UnitedHealthcare CEO Brian Thompson outside a Manhattan hotel on 4 December, the US attorney general, Pam Bondi, said on Tuesday. Bondi said she ordered prosecutors to seek execution for Luigi Mangione, 26, because – as she put it – he carried…

Economy
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Louisiana voters reject far-right governor’s constitutional amendments

Louisiana voters soundly rejected four constitutional amendments championed by the Republican governor, Jeff Landry, related to crime, courts and finances. Voters said no to each amendment by margins exceeding 60%, according to preliminary results the secretary of state’s office released after voting concluded on Saturday evening. Landry and his allies had crisscrossed the state in…

Economy
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Man shot dead by police at Milton Keynes train station

A man has been shot dead by police responding to reports of a person carrying a firearm at Milton Keynes railway station, Thames Valley police said. The force said: “Officers from Thames Valley police and British Transport police were called to reports of a man carrying a firearm at Milton Keynes railway station, Elder Gate,…