US consumer sentiment falls as tariffs drive up inflation fears; Number of UK billionaires drops – business live

News Snapshot:

02.44 EDT Introduction: UK billionaires total falls after market turmoil and non-dom tax clampdown Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The number of British billionaires has fallen, as the super-rich are hit by stock market turbulence and the end of tax breaks for non-doms. The Sunday Times’s annual totting-up of Britain’s richest people, just published shows that the number of billionaires slid to 156 this year from 165 in 2024. That’s the sharpest decline in the Rich List’s 37-year-history. The Sunday Times reports that “falling fortunes” have led many...