Asian shares sell off as US curbs on Nvidia chip sales to China fuel trade fears; UK inflation slows to 2.6% – business live

Gold surges nearly 2% to new record high; Donald Trump orders investigation into potential tariffs on US critical mineral importsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.Asian shares have sold off as US chipmaker Nvidia took a hit from US curbs on chip sales to China, highlighting the damage from the escalating trade war between Washington and Beijing.Inflation falling for two months in a row, wages growing faster than prices and positive growth figures are encouraging signs that our Plan for Change is working, but there is more to be done.I know many families are still struggling with the cost of living and this is an anxious time because of a changing world. That is why the government has boosted pay for three million people by increasing the minimum wage, frozen fuel duty and begun rolling out free breakfast clubs in primary schools.9am BST: Eurozone inflation final for March12.30pm BST: US Retail sales for March1.15pm BST: US Industrial production for March1.45pm BST: Bank of Canada interest rate decision Continue reading...

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