‘Buckle up’: IMF chief warns of economic uncertainty

The recent announcement of a 50% import tariff on steel by the EU has sent shockwaves through the UK steel industry, which is now facing what UK Steel describes as an 'existential threat.' This move, with no exemptions for steel crossing the Channel, raises serious concerns for British steelmakers who rely heavily on the EU market. The implications of these tariffs could lead to significant economic challenges for the industry, affecting jobs and production in the UK.

India and China are set to resume direct flights after a five-year hiatus, signaling a potential strengthening of trade ties between the two nations. This development comes at a time when tariffs imposed by the Trump administration have strained relations, making the renewed connection significant for both economies. Enhanced trade could lead to increased cooperation and economic growth, benefiting businesses and consumers alike.

President Donald Trump recently praised Canadian Prime Minister Mark Carney for the progress made in trade discussions, highlighting Carney's leadership during his visit to the White House. While Trump acknowledged the positive developments, he maintained a firm stance on tariffs, indicating that negotiations are ongoing. This interaction is significant as it reflects a willingness to collaborate on trade issues, which could lead to improved economic relations between the US and Canada.

A recent report reveals that Canada is purchasing 85% less alcohol from the U.S. compared to last year, a significant decline attributed to ongoing trade tensions. This shift highlights a growing sentiment among Canadian consumers who perceive U.S.-imposed tariffs as unfair. The decrease in imports not only affects U.S. producers but also reflects broader implications for international trade relations, making it a crucial development to watch.

During a recent visit from Canadian Prime Minister Mark Carney, President Donald Trump acknowledged a 'natural conflict' between the US and Canada, despite expressing 'mutual love.' While he noted some progress towards a trade deal, he provided few concessions regarding steep tariffs that have strained relations. This situation highlights the ongoing tensions in trade negotiations and the challenges both countries face in maintaining a strong alliance amidst economic disagreements.

In a significant meeting at the White House, Canada's Carney and US President Trump are set to discuss pressing trade issues as tariffs continue to impact the Canadian economy. This meeting is crucial as it highlights the ongoing trade tensions between the two nations, which could have far-reaching implications for both economies and their future relations.

Prime Minister Mark Carney's recent meeting with U.S. President Donald Trump at the White House marks a significant step towards resolving trade and tariff issues between Canada and the U.S. This collaboration is crucial as both nations aim to strengthen their economic ties and ensure smoother trade relations, which can benefit businesses and consumers alike.

In a recent 30-minute phone call, Brazil's President Lula reached out to former President Trump, urging him to consider removing tariffs and sanctions. The conversation was described as friendly, and both leaders expressed a desire to meet in person soon. This dialogue is significant as it highlights a potential thaw in relations and could pave the way for improved trade and cooperation between Brazil and the United States.

Danielle Smith has expressed her willingness to reconsider Alberta's industrial carbon pricing after a discussion with Mark Carney. She believes the current price effectively balances the needs of industry while promoting private investment in green technology. This is significant as it shows a proactive approach to environmental issues while supporting economic growth.

In a bold move announced during her annual conference speech, Tory leader Kemi Badenoch revealed plans to scrap stamp duty, a decision aimed at making homeownership more accessible for millions. This initiative is significant as it addresses the ongoing housing crisis, potentially easing financial burdens for first-time buyers and stimulating the housing market.

At a recent parole hearing, David Norris, one of the killers of Stephen Lawrence, faced criticism from Lawrence's mother, who labeled him a coward for refusing to show his face or name his accomplices. This incident highlights the ongoing pain and injustice felt by the Lawrence family, as Norris, who was convicted in 2011, expressed remorse for the attack but still evaded accountability. The case remains a significant reminder of the struggles against racial violence and the quest for justice in the UK.

Tonight, Manchester United faces Vålerenga in the Women’s Champions League, with the match kicking off at 8pm BST. The weather in Manchester is cool and cloudy, setting the stage for an exciting game. This event is significant as it highlights the growing prominence of women's football and the revamped Champions League format, which aims to elevate the competition and attract more fans.

Sir Jim Ratcliffe, the minority owner of Manchester United, has made it clear that he will not rush into a decision regarding the future of head coach Ruben Amorim. Ratcliffe believes that Amorim deserves a full three years to prove his worth and capabilities at the club. This approach reflects a commitment to stability and long-term planning, which could be crucial for the team's success moving forward.

The Women's Champions League match between Twente and Chelsea is set to kick off at 5:45 PM BST, generating excitement among fans. This event is significant as it showcases top-tier women's football and highlights the growing popularity of the Women's Champions League, which has undergone a revamp to enhance competition and viewership. As teams like Chelsea aim for victory, the match not only serves as entertainment but also as a platform for promoting women's sports on a global stage.