World02
The US-China trade war seems to have subsided – but the sense of calm is misleading
<p>A truce has cooled the trade conflict, but neither country has done anything to limit the outbreak of new hostilities</p><p><a href="https://www.theguardian.com/us-news/donaldtrump">Donald Trump</a>’s trade wars have largely fallen off the headlines. Fears of new tariffs flare up from time to time when the US president goes off the rails – for instance, threatening to end US trade with countries with which it has a deficit unless the <a href="https://www.theguardian.com/business/federal-reserve">Federal Reserve</a> cuts interest rates. But the sense that the world’s two largest economies are plowing ahead into an overt economic conflagration has taken a back seat to other, more salient fears, about Trump ending American democracy, AI killing us all and stuff like that.</p><p>The sense of calm is misleading. Under the radar, the world is marching toward an economic war of potentially epic proportions, one that, history suggests, could well spill over into the real thing.</p> <a href="https://www.theguardian.com/world/2026/nov/01/us-china-trade-war-trump-xi">Continue reading...</a>
GB Nov 1, 2026The Guardian World World03
New public spending category PDEL is a welcome and could have big impact | Heather Stewart
<p>The Preventative Departmental Expenditure Limit will be money ringfenced in the budget for preventive policies</p><p>John Healey’s debut budget was far from a blockbuster, but it may come to be remembered for the birth of a plucky new character in the tax and spend universe – little PDEL.</p><p>It may not have the charm of Disney’s Wall-E, but PDEL (pronounced P-Del), Preventative Departmental Expenditure Limit, to give it its full name, marks a welcome, and potentially very consequential, addition.</p> <a href="https://www.theguardian.com/business/2026/nov/01/pdel-preventative-departmental-expenditure-limit-">Continue reading...</a>
GB Nov 1, 2026The Guardian World World04
Britain should not issue apology over slave trade, says Kemi Badenoch
<p>Tory leader says apology would be ‘navel-gazing distraction’ and would be used as lever for financial compensation</p><p>Kemi Badenoch has said an apology for Britain’s role in the transatlantic slave trade would be a “navel-gazing distraction”, describing slavery as an evil “in which people from every continent and region participated”.</p><p>Speaking to broadcasters on Sunday, Badenoch also questioned whether it was worth future leaders attending the Commonwealth summit, given that it was now dominated by calls for reparations.</p> <a href="https://www.theguardian.com/world/2026/nov/01/britain-should-not-apologise-slave-trade-kemi-badenoch">Continue reading...</a>
GB Nov 1, 2026The Guardian World