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Simone Biles broke down in tears as she told Congress the FBI and gymnastics officials turned a “blind eye” to former team doctor Larry Nassar’s sexual abuse of her and other women.

Testifying before the Senate judiciary committee, she said “enough is enough” as she and three other US gymnasts spoke about the lasting toll Nassar’s crimes have taken on their lives.

Politicians are examining the shortcomings in the FBI investigation into Nassar, including delays that allowed him to abuse more athletes.

An internal Justice Department investigation report in July said the bureau made fundamental errors in the probe and did not treat the case with the “utmost seriousness” after USA Gymnastics first reported the allegations to the FBI’s field office in Indianapolis in 2015.

US Olympic gymnasts Simone Biles testifies during a Senate Judiciary hearing about the Inspector General's report on the FBI handling of the Larry Nassar 
PIC:AP
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Biles said she felt the FBI “turned a blind eye to us”. Pic: AP

Biles, considered one of the greatest-ever gymnasts, said that after reading the report, she felt the FBI “turned a blind eye to us”.

Biles, who has won 25 world championship medals and seven Olympic medals, said she believed the abuse happened because organisations created by Congress to protect her as an athlete – USA Gymnastics and the US Olympic and Paralympic Committee – “failed to do their jobs”.

Hundreds of girls and women said Nassar sexually abused them under the guise of medical treatment when he worked for Michigan State and Indiana-based USA Gymnastics, which trains Olympians.

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Biles, who declared herself a survivor of sexual abuse, said: “I blame Larry Nassar and I also blame an entire system that enabled and perpetrated his abuse.”

She said USA Gymnastics and the US Olympic and Paralympic Committee “knew that I was abused by their official team doctor long before I was ever made aware of their knowledge”.

Appearing alongside other athletes, including Aly Raisman, McKayla Maroney and Maggie Nichols, Ms Biles was visibly emotional.

She said: “We have been failed and we deserve answers.”

Larry Nassar, a former team USA Gymnastics doctor who pleaded guilty in November 2017 to sexual assault charges, listens to Judge Janice Cunningham during his sentencing hearing in the Eaton County Court in Charlotte, Michigan, U.S., February 5, 2018
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Disgraced former team USA Gymnastics doctor Larry Nassar, pictured in 2018

The hearing will examine why the FBI failed to carry out an investigation sooner into Nassar, 58, who is accused of abusing up to 150 women.

A report from Justice Department Inspector General Michael Horowitz in July found the bureau made a series of failures in its handling of allegations against him when they were made aware of the abuse.

USA's Simone Biles in the Women's Balance Beam Final at Ariake Gymnastic Centre on the eleventh day of the Tokyo 2020 Olympic Games in Japan. Picture date: Tuesday August 3, 2021.
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Biles is considered one of the world’s greatest-ever gymnasts

During the hearing, Ms Biles also opened up about how the abuse had affected her during the Tokyo Olympic Games this summer, which saw her withdraw from five final events due mental health reasons.

She added she travelled to Japan without her family due to COVID-19 restrictions.

She said: “As the lone competitor in the recent Tokyo Games who was a survivor of this horror, I can assure you that the impacts of this man’s abuse are not ever over or forgotten.

“This meant I would be going to the gym, to training, to therapy, living daily among the reminders of this story for another 365 days.”

Simone Biles practises at the US Olympic trials
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Biles during practice at the US Olympic trials

FBI director Christopher Wray, who was not leading the agency during the original investigation, told the Senate panel that the actions of the agents who botched the investigation are inexcusable, and he announced one of the agents “no longer works for the bureau in any capacity”.

Nassar was sentenced in federal court in 2017 to 60 years in prison on charges of possessing child sex abuse material.

A year later, he was also sentenced up to 175 years and up to 125 years in two separate Michigan courts for molesting female gymnasts under his care.

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Financial markets were always going to respond to Trump tariffs but they’re also battling with another problem

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Financial markets were always going to respond to Trump tariffs but they're also battling with another problem

Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.

The damage it will do is obvious: costs for companies will rise, hitting their earnings.

The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.

Tariffs latest: FTSE 100 suffers biggest daily drop since COVID

Financial investors had been gradually re-calibrating their expectations of Donald Trump over the past few months.

Hopes that his actions may not match his rhetoric were dashed on Wednesday as he imposed sweeping tariffs on the US’ trading partners, ratcheting up protectionism to a level not seen in more than a century.

Markets were always going to respond to that but they are also battling with another problem: the lack of certainty when it comes to Trump.

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He is a capricious figure and we can only guess his next move. Will he row back? How far is he willing to negotiate and offer concessions?

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These are massive unknowns, which are piled on to uncertainty about how countries will respond.

China has already retaliated and Europe has indicated it will go further.

That will compound the problems for the global economy and undoubtedly send shivers through the markets.

Much is yet to be determined, but if there’s one thing markets hate, it’s uncertainty.

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Stock markets suffer sharp drops after Donald Trump announces sweeping tariffs

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Stock markets suffer sharp drops after Donald Trump announces sweeping tariffs

Stock markets around the world fell on Thursday after Donald Trump announced sweeping tariffs – with some economists now fearing a recession.

The US president announced tariffs for almost every country – including 10% rates on imports from the UK – on Wednesday evening, sending financial markets reeling.

While the UK’s FTSE 100 closed down 1.55% and the continent’s STOXX Europe 600 index was down 2.67% as of 5.30pm, it was American traders who were hit the most.

Trump tariffs latest: US stock markets tumble

All three of the US’s major markets opened to sharp losses on Thursday morning.

A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. Pic: AP
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The S&P 500 is set for its worst day of trading since the COVID-19 pandemic. File pic: AP

By 8.30pm UK time (3.30pm EST), The Dow Jones Industrial Average was down 3.7%, the S&P 500 opened with a drop of 4.4%, and the Nasdaq composite was down 5.6%.

Compared to their values when Donald Trump was inaugurated, the three markets were down around 5.6%, 8.7% and 14.4%, respectively, according to LSEG.

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Worst one-day losses since COVID

As Wall Street trading ended at 9pm in the UK, two indexes had suffered their worst one-day losses since the COVID-19 pandemic.

The S&P 500 fell 4.85%, the Nasdaq dropped 6%, and the Dow Jones fell 4%.

It marks Nasdaq’s biggest daily percentage drop since March 2020 at the start of COVID, and the largest drop for the Dow Jones since June 2020.

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The latest numbers on tariffs

‘Trust in President Trump’

White House press secretary Karoline Leavitt told CNN earlier in the day that Mr Trump was “doubling down on his proven economic formula from his first term”.

“To anyone on Wall Street this morning, I would say trust in President Trump,” she told the broadcaster, adding: “This is indeed a national emergency… and it’s about time we have a president who actually does something about it.”

Later, the US president told reporters as he left the White House that “I think it’s going very well,” adding: “The markets are going to boom, the stock is going to boom, the country is going to boom.”

He later said on Air Force One that the UK is “happy” with its tariff – the lowest possible levy of 10% – and added he would be open to negotiations if other countries “offer something phenomenal”.

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How is the world reacting to Trump’s tariffs?

Economist warns of ‘spiral of doom’

The turbulence in the markets from Mr Trump’s tariffs “just left everybody in shock”, Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions in Boston, told Reuters.

He added that the economy could go into recession as a result, saying that “a lot of the pain, will probably most acutely be felt in the US and that certainly would weigh on broader global growth as well”.

Meanwhile, chief investment officer at St James’s Place Justin Onuekwusi said that international retaliation is likely, even as “it’s clear countries will think about how to retaliate in a politically astute way”.

He warned: “Significant retaliation could lead to a tariff ‘spiral of doom’ that could be the growth shock that drags us into recession.”

Read more:
Do Trump’s ‘Liberation Day’ tariff numbers add up?

Tariffs about something more than economics: power

It comes as the UK government published a long list of US products that could be subject to reciprocal tariffs – including golf clubs and golf balls.

Running to more than 400 pages, the list is part of a four-week-long consultation with British businesses and suggests whiskey, jeans, livestock, and chemical components.

Meanwhile, Prime Minister Sir Keir Starmer said on Thursday that the US president had launched a “new era” for global trade and that the UK will respond with “cool and calm heads”.

It also comes as Canadian Prime Minister Mark Carney announced a 25% tariff on all American-imported vehicles that are not compliant with the US-Mexico-Canada trade deal.

He added: “The 80-year period when the United States embraced the mantle of global economic leadership, when it forged alliances rooted in trust and mutual respect and championed the free and open exchange of goods and services, is over. This is a tragedy.”

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Trump’s tariffs are about something more than economics: power

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Trump's tariffs are about something more than economics: power

Tanking stock markets, collapsing world orders, devastating trade wars; economists with their hair ablaze are scrambling to keep up.

But as we try to make sense of Donald Trumps’s tariff tsunami, economic theory only goes so far. In the end this surely is about something more primal.

Power.

Understanding that may be crucial to how the world responds.

Yes, economics helps explain the impact. The world’s economy has after all shifted on its axis, the way it’s been run for decades turned on its head.

Instead of driving world trade, America is creating a trade war. We will all feel the impact.

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PM will ‘fight’ for deal with US

Donald Trump says he is settling scores, righting wrongs. America has been raped, looted and pillaged by the world trading system.

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But don’t be distracted by the hyperbole – and if you think this is about economics alone, you may be missing the point.

Above all, tariffs give Donald Trump power. They strike fear into allies and enemies, from governments to corporations.

This is a president who runs his presidency like a medieval emperor or mafia don.

It is one reason why since his election we have seen what one statesman called a conga line of sycophants make their way to the White House, from world leaders to titans of industry.

The conga line will grow longer as they now redouble their efforts hoping to special treatment from Trump’s tariffs. Sir Keir Starmer among them.

President Trump’s using similar tactics at home, deploying presidential power to extract concessions and deter dissent in corporate America, academia and the US media. Those who offer favours are spared punishment.

His critics say he seeks a form power for the executive or presidential branch of government that the founding fathers deliberately sought to prevent.

Whether or not that is true, the same playbook of divide and rule through intimidation can now be applied internationally. Thanks to tariffs

Each country will seek exceptions but on Trump’s terms. Those who retaliate may meet escalation.

This is the unforgiving calculus for governments including our own plotting their next moves.

The temptation will be to give Trump whatever he wants to spare their economies, but there is a jeopardy that compounds the longer this goes on.

Read more:
Do Trump’s numbers on tariffs really add up?
Trump hits island home only to penguins with 10% tariffs

Chinese Vice President Han Zheng gestures to Britain's Chancellor of the Exchequer Rachel Reeves following a photo session at the Great Hall of the People in Beijing, Saturday, Jan. 11, 2025. (Florence Lo/Pool Photo via AP)
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Could America’s traditional allies turn to China? Pic: AP

Malcolm Turnbull, the former Australian prime minister who coined the conga line comparison, put it this way: “Pretty much all the international leaders I have seen that have sucked up to Trump have been run over. The reality is if you suck up to bullies, whether it’s global affairs or in the playground, you just get more bullying.”

Trading partners may be able to mitigate the impact of these tariffs through negotiation, but that may only encourage this unorthodox president to demand ever more?

Ultimately the world will need a more reliable superpower than that.

In the hands of such a president, America cannot be counted on.

When it comes to security, stability and prosperity, allies will need to fend for themselves.

And they will need new friends. If Washington can’t be relied on, Beijing beckons.

America First will, more and more, mean America on its own.

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