Meta, the tech giant behind Facebook, Instagram, and WhatsApp, faces a legal battle that could lead to its break-up. The landmark antitrust case kicked off in Washington today.Also in the US, consumer sentiment has taken a sharp downturn and inflation expectations have surged. What will this mean for everyday shoppers? And why are kids toys like Barbie going to take a hit? What does a Masters Championship win mean for the economy? Sam Fenwick speaks to a sports business expert about Rory McIlroy's grand slam win.
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Xi Jingping hits back at US tariffs
Chinese leader Xi Jingping hits back at US tariffs as he starts his tour of East Asia, stating ‘The Trade war and tariff war will produce no winner’
OPEC - the cartel of oil producing countries - has cut its forecast for growth in oil demand for 2025- in part because of US tariffs
And entertainment giant Sony will charge more for its Playstation 5 gaming console in response to the threat of US tariffs
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Global markets in flux as trade war between China and US escalates
The White House has insisted that President Trump’s tariffs will make the United States richer, despite the falling value of the US dollar. We hear from Tomas Philipson a former acting chairman of President Trump's Council of Economic Advisers.
Also, a global deal to tackle shipping emissions has been agreed after nearly ten years of negotiations. The UN's maritime agency (the IMO) brokered the accord, which requires ship owners to use less carbon-intensive fuels or face a penalty. Roger Hearing speaks to IMO's secretary general, Arsenio Dominguez about how it would work.
And final campaign rallies are taking place in Gabon ahead of Saturday's presidential election. The transitional leader, Brice Oligui Nguema, is widely seen as the favourite.
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China US trade fight intensifies
The US -China trade fight has just intensified as China has upped tariffs on US imports to 125%
We look at the US agriculture sector which accounts for over 20% of US exports to China and valued at $36 billion in 2022.
And what does tariffs mean for consumer sentiment? We hear from shoppers in New York
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Donald Trump recognises tariff 'transition difficulty' as US stock market falls again
President Donald Trump admits a period of difficult transition is inevitable as his trade policies continue to cause upheaval in international markets.
And after the end of the Cold War, the world economy became integrated, and globalisation began, but is that at risk now because of the tariffs, trade war and protectionism? Presenter Roger Hearing speaks to Mohamed El Erian, former IMF Deputy Director who is now President of Queens' College, Cambridge, and chief.
Also, a general strike against public spending cuts in Argentina has severely disrupted transport systems in the country. All domestic flights have been cancelled; trains and metro services have been suspended in Buenos Aires and other parts of the country.
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