Finance
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Warren Buffett calls Trump’s tariffs a tax on goods, says ‘the Tooth Fairy doesn’t pay ’em’

Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022. CNBC Legendary investor Warren Buffett made a rare comment on President Donald Trump’s tariffs, saying punitive duties could trigger inflation and hurt consumers. “Tariffs are actually, we’ve had a lot of experience with them. They’re an act of war,…

Economy
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The Guardian view on Labour eyeing green cuts: they would undermine growth and climate goals | Editorial

In October, the prime minister, chancellor and energy secretary pledged billions to kickstart the UK’s first carbon capture projects – one of the biggest green spending promises of the parliament. By December, Ed Miliband was signing contracts, Sir Keir Starmer vowed to “reignite our industrial heartlands” and Rachel Reeves warned that without bold action, Britain would be…

Business
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Chinese manufacturing returns to growth despite threat of higher Trump tariffs

China’s manufacturing activity expanded at the fastest pace in three months in February, despite the looming threat that Donald Trump will impose tariffs this week. Production at China’s factories returned to growth last month, an official survey showed, thanks to higher new orders and purchase volumes. Beijing’s official manufacturing purchasing managers’ index rose to 50.2…