Economy
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Trump could declare national economic emergency to justify universal tariffs, CNN reports

U.S. President-elect Donald Trump makes remarks at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025.  Carlos Barria | Reuters President-Elect Donald Trump is contemplating calling a national economic emergency to implement his wide-reaching tariff policies, four sources familiar with the matter told CNN. A declaration of this nature will give Trump power to create…

Business
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Bond market sell-off drives up government borrowing costs; China’s currency hits 16-month low on tariff fears – business live

Introduction: Bond market angst as yields rise Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. There are worrying rumblings in the bond markets, alarming investors and creating headaches for finance ministers including the UK’s Rachel Reeves. The yields, or interest rates, on sovereign debt from the…